@SECGov@SECPaulSAtkins@NYSE@Freedom250 You KNEW and We $MMTLP KNEW.
It's a Shame to the world 🌎 and
a Huge mistake that you continue to give us the time and opportunity to do your job. To dig the fraud out of SEC and Finra.
It all started on June 17, 2021: A data scientist manually created an internal instrument for Torchlight’s preferred shares on OpenFIGI.
Here’s what they created:
• Ticker: [1896724D]
• FIGI: [BBG011J195M8]
But, there was a mistake, it was created as an Equity, not a Preferred Share. Check out the Bloomberg screenshot that is contradicting itself.
@SECPaulSAtkins You’re a joke by posting this because if you REALLY meant this you would give MMTLP a resolution ???? WHAT IS THE CERTIFIED AGGREGATED AUDITED SHARE COUNT FOR $MMTLP ??? IT’S BEEN 3 YEARS AND STILL NO SHARE COUNT??
IS THE SHORT POSITION SO HUGE YOU CANT/WONT SHOW IT???
BIG --> BAD -->BUSTED...
Federal complaint: a ‘shadowy gang’ ran a ‘short and distort’ scheme of breathtaking scope, extracting millions while wiping out billions from innocent shareholders.
Anson is not a fund with a thesis.
According to a federal complaint, it is part of a coordinated machine that profits by tearing companies down from the shadows.
Not researching. Not investing.
Tearing them down.
The filing describes a system where short positions are built first, then negative narratives are pushed through so called independent voices, amplified across media, triggering panic selling so positions can be covered into the collapse they created.
Over and over again.
This is what is being alleged in court:
-Coordinated attacks across multiple companies
-Paid research presented as independent
-Trades placed ahead of negative releases
-Millions in profits while shareholders were wiped out
And here is what should enrage every investor.
The same players allegedly hid their involvement, routed money through third parties, and let the public believe these hits were organic.
They were not.
They were engineered.
One company lost over forty percent almost immediately and was eventually driven to zero. Investors were destroyed. The company was gone.
The people behind it walked away with profits.
Regulators have already acted. Fines have been paid. Indictments have been filed.
But fines mean nothing if the system remains intact.
This is not short selling.
This is alleged manipulation.
And now it is finally being dragged into the light.
#mmtlp
Drumroll please... Loading my report within the hour with a FACT-based analysis on today's major court rule 2004 decisions and what was the key turning point in my opinion... stand by.
After over a year by FINRA and others playing hide and seek shamelessly with the a United States Trustee, their time is finally up. #MMAT #MMTLP #Discovery #Rule2004
@SECPaulSAtkins@NYSE Seriously tooting your own horn, guess those institutions and insiders, made a huge amounts of money, what about retail investors, especially MMTLP holders who have foia's and other physical evidence of federal and international fraud by our nefarious regulators and insiders
@SECPaulSAtkins@NYSE How about going to your desk and opening up the 1000s of detailed complaints sent to you about MMTLP. Dual cusips, oversold shares, illegal halt, Georgetown professor, Counterfeiting of stock, FINRA FRAUD.
@SECPaulSAtkins@NYSE Protecting investors I don't see it since you're 10 years. You still haven't resolved the 65,000 MMTLP shareholder's. What changes have you done? Are you more transparent? I'm not seeing it.
FINRA's counsel's reaction on the screen was really something to watch today... (at least to me)
He was visibly distressed, holding his forehead, looking devastated at times and blank at others, not facing directly the screen like everyone else, one time his head was looking down so far that you could only see his hair (hands looked like texting someone profusely), fidgeting on his seat the whole time, head turned to 9/3 o'clock... seemed to not be alone in the room looking at them, and a lot of his narration/answers were rushed... with an unnatura/reading from an AI/live screen. This demeanor is important IMO as it will make sense when i explain the turning point of the hearing...
In contrast on the Trustee side, 2 out of 3 lawyers came and left (Wes and Clay), very relaxed and very very confident, didnt push on the CAT because they got that thet came for... remember folks, they are triangulating. the TRF data plus Nasdaq plus marke makers etc etc... would you bet that the data will show exact consistency and no irregularities across multiple sources?? 🤣😂
I bet FINRA will be very unhappy after today:
Even though FINRA won on Requests 6, 7, 8, 9, at the PRELIMINARY phase, the overall ruling was a disaster for FINRA because:
❌ FINRA Lost the Big One: TRF Data
THIS was the MOST BURDENSOME request (25 MILLION items!!!
- FINRA claimed it would take weeks/months and cost hundreds of thousands
Judge said: "Produce it anyway, trustee will pay" 😂🤣 This is what FINRA REALLY cared about
❌ FINRA also Lost short interest and Reg SHO Data
These were easier but still part of the market-wide data fishing expedition FINRA wanted to STOP
❌ The Judge's tone was against FINRA
What I heard and saw today was the:
- Judge repeatedly criticizing FINRA's approach
- Judge essentially said the trustee was "reasonable" and FINRA wasn't cooperating
- Judge essentially telling FINRA to work with the trustee or face consequences.
@SECPaulSAtkins Seriously. Ain't you are Ashamed. Dare to speak your thoughts about $MMTLP? Why silence since your day 1 in sec? Anyway, WE ARE COMING NEAR YOU VERY SOON, AND PROBABLY BY THEN YOU DON'T HAVE TO SPEAK A WORD!
Major Update: $MMAT & $MMTLP Legal Developments
In my opinion, this is a massive win for the community. Here is the breakdown of the court's recent decisions regarding FINRA’s motions to quash and the difference between the two types of trading data involved:
1. FINRA’s Motion to Quash: DENIED
Data Source: TRF (Trade Reporting Facility)
• The Focus: Transaction-level data.
• The Purpose: Used for regulatory transparency and clearing.
• The Scope: Identifies the executing and contra-side broker-dealers.
• Note: This data does not reveal the end customer, but it is a critical step for transparency.
2. FINRA’s Motion to Quash: GRANTED
Data Source: CAT (Consolidated Audit Trail)
• The Focus: Specific customer-level identifiers.
• The Purpose: Connects trades directly to the specific individuals or entities that placed them.
• The Scope: Requires detailed information on allocations and representative orders.
The Bottom Line: While the CAT data remains protected for now, gaining access to the TRF data is a significant step forward in uncovering the mechanics of these trades.
What are your thoughts on this outcome? Comment below!
1/ Dear @SECPaulSAtkins and Commissioner @HesterPeirce@SECGov
Regarding your posts earlier today I think there are important questions arising especially in context with a related FSB report.
I will be discussing below the Operational Classification vs. Legal Classification of #MMTLP, specifically:
The divergence between LEGAL classification and OPERATIONAL handling of MMTLP, and how this mismatch may have contributed to:
1. supervisory fragmentation,
2. regulatory blind spots, and
3. OTC’s ultimate settlement failure.
Key Findings:
While MMTLP was publicly characterized as an OTC equity preferred security, evidence indicates that at least one major broker-dealer (@Fidelity) processed buy-side activity through a fixed income desk, suggesting a MATERIAL divergence between legal classification and operational treatment.
This divergence is NOT merely administrative, it has direct implications for:
1. supervisory responsibility
2. compliance rule application
3. surveillance coverage and
4. settlement risk management
MMTLP wasn’t just an “equity” security that went wrong, it became a cross-system instrument processed through equity, derivatives, and “fixed-income” infrastructure simultaneously, and that fragmentation created a supervisory and settlement blind spot that no single regulator or broker fully controlled, in my opinion.
3/ Operational Classification (Fidelity Evidence)
A. Firsthand Evidence
Multiple retail investor (user testimonies) confirmed:
- MMTLP could not be purchased via standard online equity trading systems
-Buy orders required phone routing through a fixed income desk
- Sell orders were available electronically (asymmetric access)
This aligns with contemporaneous public statements (e.g., @JohnBrda, Oct 21, 2022) indicating similar constraints.
$MMAT $MMTLP
I feel like it is the appropriate TIME to reshare this.
It's #TIME that the people responsible for this mess are dragged into the #LIGHT.
I hope you like smoke, cause tomorrow is 4:20 and it's TIME to get LIFTED 😎🚬 #fogofwar#donotdieinwar
We were told it was going to be “a new day” at @SECGov. All we have seen is more of the same. A prettier version of Gary Gensler with zero integrity.
One year with nothing but a dead CAT to show for it.
$MMTLP is NOT going away. You should probably find a way to “FIX IT”.
$MMAT #MMTLParmy
#WhatstheShareCount