Just published - a softball interview with SEC Commissioner Hester Pierce, done by her former employer.
There are so many nuggets in this interview but make sure you get to the part about the CAT, Consolidated Audit Trail.
Ask yourself why regulators fight so hard against the CAT, the very tool that tracks every trade?
Why are the SEC and politicians so afraid of the sunlight the CAT brings?
Especially when fewer companies are going public, more companies are filing lawsuits alleging market manipulation, and investors' calls to enforce trade settlement only grow louder.
Their argument that the CAT violates investors' privacy is ridiculous because brokers
already have your personal information.
Isn't it actually because Wall Street doesn't want the CAT?
And isn't that exactly why it is needed?
"...One example that I take is the Consolidated Audit Trail at the SEC.
We’re monitoring everyone’s trading in the equities markets right now.
We’re pulling in data about what everyone does.
That’s a tremendous amount of data.
There are other ways that we could do that that would not require us to take data about individuals in.
Why don’t we go back to a system that requires us to have a reason to ask, “Who is it that placed this trade?” I don’t think that barrier is so high that it will prevent us from doing our job at the SEC.
We were able to do it before with that kind of a system...."
Goldman Sachs (GSCO) spoofing #HYMC#MUX#DC along with Citadel (CDRG), Virtu (VIRT) and many anon funds in the 511th consecutive documented day of spoofing #OfficialSpoofReport day 511
LIKE & REPOST🚨 If You Think Bill Pulte Should Inform Trump About Illegal Naked Short Selling & Market Manipulation by Short Sellers on Behalf of Retail Investors and Public Companies
Another great video, Stephanie. Don't invest your money in the US stock market. Criminals manipulate the outcome in their favor. Regulators are in on the crime. It's run like a crooked, third world casino.
@POTUS@VP@FBIDirectorKash@AGPamBondi
$DJT $FNGR $MMTLP $GME $AMC $NRGV
🚨 F3 FALSE LOCATE BUTTON
F3 the Counterfeiting button creating Phantom shares by the Billions.
Market Manipulation doesn't just happen sometimes it happens EVERYDAY.
QUADRILLION💲PROBLEM
It is one big club.
No wonder trade settlement isn't enforced.
August 2011
".... a recent series of damaging critiques of the SEC made by reporters, watchdog groups and members of Congress, all of which seem to indicate that top federal regulators spend more time lunching, schmoozing and job-interviewing with Wall Street crooks than they do catching them.
As one former SEC staffer describes it, the agency is now filled with so many Wall Street hotshots from oft-investigated banks that it has been “infected with the Goldman mindset from within.".....
....Even a cursory glance at a list of the agency’s most recent enforcement directors makes it clear that the SEC’s top policemen almost always wind up jumping straight to jobs representing the banks they were supposed to
regulate..."
Courtesy: @whisskier
@joe_AmcApe@Fidelity If you use @Fidelity, better watch your shares carefully... last night my friend found her #Fidelity account had no $AMC shares left and no record of the purchase or when they disappeared. She was told by customer service that the shares were "worthless" so they closed the acct
It’s probably just a coincidence that @Fidelity took away the IEX button on mobile devices and off exchange volume has been over 60% during the same time period for $AMC. Right?
It is our COLLECTIVE DUTY to UNDERSTAND & EXPOSE the NAKED SHORT SELLING CABAL and their BANK ENABLERS along with the complicit regulators and politicians who refuse to do their job! #AMC#GME#HYMC#MMTLP#GNS
What happens if broker goes bust while "holding" phantom shares in your account?
Be prepared for a L-O-N-G wait and a potentially very small payout!
>2008 Lehman bankruptcy.
>2017 NSCC closes books on LBI.
>2022 SIPC closes case.
>2023 LBI Liquidating Trust has $20B+ non-cash, unliquidated, speculative assets w/$0 recovery potential.
>2024 (Dec 2) beneficiaries receive about $17.30 each from LBI Trust in "Third Distribution". https://t.co/thutS9I2XU