$GNS Federal Court Rules in Favor of Genius Group, Denying All Motions to Dismiss in RICO Lawsuit
The Company's lawsuit seeking treble damages of over $750 million against Michael Moe, Peter Ritz, John Clayton, and Michael Carter.
This is getting interesting
The MMTLP U3 trading halt damaged over 124,000 retail investors per Next Bridge CEO @GregMcCabeJr.
"You've heard of all the chaos around Gamestop, AMC, and what they refer to as "meme-stocks"... our price started running up then other people started hearing about it and that's when chaos reigned supreme... the volume was through the roof... People were talking all over (social media) about when they spin-out — shorts having to close their short positions (on the 9th and the 12th)."
FINRA halted trading and quoting before the market opened on December 9th, 2022.
Full interview with @laralogan link in the comments
Hey there @vladtenev and @DanGallagher: My voice will stay loud. You supported the SEC on U.S. stock tokens. They must carry voting rights, and companies can opt out. How hypocritical of Robinhood if not adopting those same principals offshore. Don’t spit in the face of the SEC.
So Flock wants to operate entirely in secrecy. You're not allowed to know where their secret cameras are. They can spy on you, but you can't know where they're looking.
Disgusting. Flock should be banned and bankrupted!
A very happy birthday to the OG Shape himself, Nick Castle (@ncastlez)!
Thanks for stepping behind the mask once again and helping bring our Boogeyman to life in Halloween: The Game 🔪🎂
This proves that a lot of people would rather fight and argue on X than actually submit a public comment where it can make a difference.
Total Comments: 10,648
Comments opposing regulation: 9,145
Comments supporting regulation: 1,192
Wow. I honestly can’t believe this. We will lose on this regulation too.
Comment here ;
https://t.co/GfGFuNW7Ad
Robinhood creates tokens of stocks like AMC — which are illegal in the USA 🇺🇸 — to "track the price" of the stock but don't actually track the price of stock...
This is market manipulation 101
RH issues these tokens (SS taken on moonshot bc I won't even download RH app)
THIS IS THE BIG ONE, AND I NEED YOUR HELP
We need 50,000 patriots and we need them ASAP. Please share this comment page on all social medias.
If you don't do this, immigration lawyers are going to use the sob stories their clients are already leaving (they've filed over 9,000 of them!) to federal judges and claim that not one Amercian is in favor of ending the 60-day grace period on H-1B
If you already left a comment, thank you. Please send the link everywhere. Discord, email to your based grandpa, anywhere you can. Comment, comment, comment. Today!
https://t.co/E6pbdE8QQG
I want to extend my highest praise to Paul Atkins, Chairman of the U.S. Securities and Exchange Commission, for the wise decision — perhaps a better characterization being the brilliant decision — he announced today on behalf of the SEC about Stock Tokens.
The SEC granted a five year period of experimentation on this topic in U.S. markets. In doing so, the SEC laid out some inviolate and unequivocally annumerated conditions:
The SEC highlighted that “Investor Protection Is Not Optional.” The SEC clearly laid out that even as it puts forward an “Innovation Exemption,” the SEC has an implicit right to govern on this issue. This means that at least within the U.S., there is an underpinning that appropriate regulatory bodies can regulate
as they think is needed. I believe that over the last full century, investors have best been protected when U.S. regulatory bodies have been involved and U.S. securities laws have been applicable. Thank you, SEC.
The SEC also emphasized that there can be “No Synthetics.” Any such Stock Tokens must carry full voting and dividend rights. No synthetics is such a vital and basic concept. Thank you, SEC.
Also of crucial importance, the SEC mandated that “Issuers Can Object.” It said that issuers of stock must have the opportunity to object and prevent their security from being trading on a Tokenized Securities Venue if companies so choose. This puts companies in charge of their own securities and capital structures, not brokerage houses. Thank you, SEC.
I applaud what the SEC did today. Bravo!
And @vladtenev and @dangallagher I note that at Robinhood you accepted and supported the SEC’s ruling today. I call on you now to adhere to the exact same standards internationally. How hypocritical would it be if Robinhood’s stock tokens abroad were to differ materially from stock tokens in the U.S. on these hyper-important matters of investor protections, synthetics and issuer objections.
Adam Aron
Chairman and CEO
AMC Entertainment
Reporter: Are considering a motion to vacate Speaker Johnson?
Massie: Speaker Johnson has vacated Congress. Like, I don’t need to vacate Speaker Johnson. He would just probably call off more days. We had the Epstein recess last year. We got the Epstein recess this year, and then we got the Hegseth day off. The president said we have too many holidays. Well, tomorrow it’s a Hegseth holiday for Congress.
Karen Bass suddenly stepped down from LAHSA a few days ago. Today, HUD Secretary Turner just revealed that $75M of fraud was laundered through LAHSA.
Probably nothing!
Hey there @dangallagher, in the past week you and @vladtenev CEO of Robinhood have made public comments defending your use of and “standing behind” your relatively new Stock Token concept.
I think this practice is abhorrent. It defeats the very ethos of share ownership. Public financial markets were created so that companies could raise capital, and so that investors could share in the wealth created as a result. Not to turn investing instead merely into some gamified business-oriented casino.
If by your own admission you can’t offer or sell Stock Tokens to “U.S. persons” why does your U.S. web site talk about them so much and so favorably?
Vlad: How can a U.S. brokerage firm be proud of creating an offshore Channel Island operation in far off Jersey specifically with the intent to operate outside U.S. securities laws? Is there potential confusion that Stock Token purchasers are getting less than all the rights accorded to real shareholders, and if so do you care? If those tokens are theoretically backed 1:1 by real shares, but hypothetically some of those underlying real shares are in turn lent out to short sellers, are the Tokens really backed 1:1 in fact?
Dan: I think U.S. securities laws have protected the public very well over the past century. You spent much of your career at the SEC. Deep down, in your heart of hearts, how can you really think a world without the precautions imposed by U.S. securities laws creates a better, safer environment for investors?
Choose whatever descriptors you think best make sense under the circumstances: Non-regulated, derivative, synthetic, sham, debt-backed securities trying to simulate actual real stock, or pick your own words if these don’t fit.
Stock Tokens may make you an innovator in your own eyes. In my eyes, they bring your firm dishonor.
Zohran Mamdani and Alexandria Ocasio-Cortez were spotted giggling as people wept during the annual reading of names during the 9/11 memorial ceremony.
The camera transitioned to Mamdani and Cortez after showing a man weeping as the names were read.
Ryan Cohen buys 1,000,000 $GME shares on the open market w his own money
Jamie Iannone sells 2,260,000 $EBAY shares that he didn’t even purchase in the first place; & sells them $20-$25 below the original bid price offered by GameStop
Who is more aligned w shareholders? 🙂↔️