I have a huge krush. FINRA is FAQD ๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐๐ฅฐ I love a man wrapped in punishment. ๐๐๐ฆ Talk dirty to me. @bleedblue18
Rep. Byron Donalds (@ByronDonalds) serves on the primary House committee overseeing U.S. financial markets (@FinancialCmte), yet his political action committee accepted $7.5 million from Jeff Yass, billionaire co-founder of Susquehanna International Group (SIG).
Meanwhile, Ken Griffin, founder and CEO of Citadel Securities, has donated over $10 million to political campaigns.ย
Together, Citadel and Susquehanna rank as the top market makers in the United States, controlling a vast portion of daily options and equity trading volume.
When public officials tasked with financial market oversight take massive contributions from high-frequency trading firms and Wall Street billionaires, it raises critical questions about regulatory integrity and representation.
Retail investors and everyday working Americans deserve transparent, uncompromised leadership on Capitol Hill, not committees bankrolled by elite mega-Wall Street donors.
Under @SECGov Rule 15c3-3(b), broker-dealers must promptly obtain and thereafter maintain physical possession or control of all fully paid securities and excess margin securities carried for customers.
Brokers have already made determination of $MMTLP securities they hold in possession/control.
If #MMTLP securities are missing short or in deficit position, the rule requires the broker to take action and resolve it by:
๐Recalling loaned securities.
๐Releasing securities from liens.
๐Buying in the securities (purchasing in the open market) to bring them into possession and control.
This is what โforcesโ brokers to buy shares when they become available โ to eliminate shortages and comply with segregation requirements. Failure to do so can violate the rule and trigger regulatory action.
@FINRA interpretations of the rule explicitly reference buy-ins as a method to resolve deficits.
๐จNEXT BRIDGE HYDROCARBONS RELEASES PR ANNOUNCING THE EFFECTIVENESS AND AVAILABILITY OF UP TO 40 MILLIONS SHARES OF NBH COMMON SHARES @ $15/SH.
MMTLP MMAT TRCH NBH
@nbhydrocarbons
https://t.co/df52HGhBtS