Sir Joseph The 1st

R.I.P KG #YouMatter #FD #WsB #GoCats

[Sir Joseph The 1st @ItsJoeDoee4]

@CodyBrownBets 3-1 🇺🇸🇺🇸

[George Palikaras @palikaras]

BREAKING NEWS 🚨
Judge's Motions to Quash Decisions in April 20th 2026 Hearing... lets start with the facts

Impotant Note to remember: this is a Preliminary Investigation Phase...

(Disclaimer these are my notes, the pending final transcripts will reveal and support my findings, and I expect the community to accept, scrutinize or suggest edits if anything is innacurate)

Based on the court ruling, here are the judge's decisions on each of the nine requests in FINRA's motion to quash:

FINRA DENIED (Trustee Prevails):

Request 1 - Short Interest Reporting Data:
- Court will deny the motion to quash.
- FINRA agreed this data could probably be produced
- Judge noted discussion about duration (4 years vs. shorter period) needs clarification but denied the motion

Request 2 - Trade Reporting Facility (TRF) Data:
- Court will deny the motion to quash
- Despite FINRA's claims of significant burden (25 million items), judge found it not "unduly burdensome" under Rule 45
- Trustee to bear costs of production
- Judge emphasized need for good faith meet and confer on scope, timing, and cost-shifting

Request 3 - Daily Short Sale Volume Report (Reg SHO)
- Court will deny the motion to quash
- Falls between short interest data (easier) and TRF data (more burdensome)
- Consistent with prior ruling on TRF data

GRANTED (FINRA Prevails)
Requests 6 & 7 - FINRA Investigation Records and Public Communications
- Court will grant the motion to quash
- Judge found this seeks litigation-style discovery under Federal Rules, not preliminary Rule 2004 information
- Rife with attorney-client privilege, work-product privilege, and investigative file privilege

Would provide strategic advantage at PRELIMINARY stage (Note: again emphasis on the word -> "preliminary" hence no guarantees to block CAT for later...?)

Request 8 - FINRA Electronically Stored Communications (Emails)
- Court will grant the motion to quash
- Falls on "document side" rather than "data side" of the dichotomy
- Unduly burdensome and inappropriate under Rule 2004
- Seeks litigation-style discovery rather than preliminary information

Request 9 - Order Quotations and Execution Records (CAT Data)
- Court will grant the motion to quash
- Judge found that information in Requests 1-3 effectively provides same information
- Mirrors motion to compel-style discovery rather than preliminary investigation
- Represents strategic advantage seeking under Rule 2004

There was an interesting section where the Judge then discussed CONDITIONAL/SEQUENCED items:
- Requests 4 & 5 - Monthly and Weekly OTC Summary

Report Data:
Court will deny the motion to quash (conditionally)
Judge noted these are "not necessarily critical" per trustee's own admission and proposed sequencing:

- produce Requests 1-3 first, then reassess 4-5
- if computer-generated reports: deny motion to quash
- If laborious/individualized: requires further detail to determine if burden is "undue"
- Trustee to bear costs (they seems happy to do so)

The judge ordered:

1. David Burnett to draft a proposed order reflecting the ruling for FINRA's review.
2. Good faith meet and confer on TRF data (Request 2) regarding scope, burden, timing, and cost-shifting
3. Parties to leave past disagreements behind and work cooperatively
4. One-paragraph summary of the 161-day data period requested for other Rule 2004 productions to be provided to court for clarity... My opinion is that once the judge gets this report he should have enough to not need any additional hearings and Citadel, Virtu and all others will get their answers too.

did i miss anything? comment below⬇️

Next i will post my observations and interesting things I saw... and in my opinion what was the turning point in the hearing today that caught FINRA completely off guard and send their counsel in panic mode, judging from the body language!

[Sir Joseph The 1st @ItsJoeDoee4]

@Mrcryptoxwhale @NoLimitGains @grok done

[Sir Joseph The 1st @ItsJoeDoee4]

@Mrcryptoxwhale @NoLimitGains @grok Done

[Sir Joseph The 1st @ItsJoeDoee4]

GO MARINERS BABY!!!! #Mariners

[Sir Joseph The 1st @ItsJoeDoee4]

@andyholloway It’s actually insane… I feel for you guys lol

[Sir Joseph The 1st @ItsJoeDoee4]

@daverichard Close enough lol

[Sir Joseph The 1st @ItsJoeDoee4]

First drive and chiefs already getting bailed out 😂😂

[Go Cougs @gocougs123]

Just take me back 😭😭

[Cody’s Free World Cup Bets @CodyBrownBets]

🏦 CAAAASHHHHH. MONNNEYYYYYY.

WE JUST CASHED A +4475 TOUCHDOWN PARLAY.

❤️ SMASH LIKE IF YOU TAILED.

WE DON’T LOSE ON NATIONAL TE DAY.

[Sir Joseph The 1st @ItsJoeDoee4]

@CodyBrownBets Cooper Kupp

[Brandi Kruse @BrandiKruse]

Operation Indoctrination: Current and former students of the Olympia (WA) School District sit down with us to share stories of political and social indoctrination in their classrooms. The district's school board denies that declining enrollment is due to its progressive agenda.

[Sir Joseph The 1st @ItsJoeDoee4]

@jp_schultz 😭😭😂😂😂

[Thrones Updates @ThronesUpdates]

Jon Snow vs a White Walker 🥶 this was peak Game of Thrones https://t.co/TcSt0Xsqij

[Steve Will Do It @stevewilldoit]

Fuck it I’m giving a $10,000 watch to someone who likes and retweets and follows me . Will respond in 24 hours . Will ship u a Rolex next day on god.

[Catturd ™ @catturd2]

Infuriating.

[Elon Musk @elonmusk]

Many Americans still have no idea this happened