Here’s a disturbing - but not surprising - thing I heard this week. A reliable source told me that a Republican rep recently heard from his constituents - YOU all - about Gamestop. The people had concerns about shorting, PFOF and internalization, and all the craziness in markets.
We have rules in our capital markets to safeguard market integrity & protect against fraud & manipulation. If a company builds a crypto market that protects investors & meets the standard of our market regulations, people will more likely have greater confidence in that market.
I'm looking forward to the SEC's next video, which I assume will call out the insanity in the private equity space. PE truly represents a systemic risk, while retail investors are exposing the weaknesses across the board in our market structure.
This video series from the SEC is really just awful. The SEC is insulting the very investors it's supposed to be protecting and educating. But it's worse than that! For example, one of the videos is about margin investing.
The @SEC_Enforcement wants to use cases they win as precedent. Cases they lose ? They want them silenced. This changes precedent and prevents investors from learning from them. Why @GaryGensler ? I thought you were bringing fairness and justice to the SEC. You can change this.
Just to update this, examining the timestamps, it appears that CBOE's EDGX exchange was publishing quote updates for 35 milliseconds after GME was halted yesterday, with absolutely crazy prices. This is a completely broken piece of market tech that made other systems go haywire.
This 2 minute clip of IBKR’s CEO explaining how January 28th almost collapsed the entire system due to open interest on ITM call options and shorts creating theoretical obligations of 270 million $GME shares with only 50 million shares outstanding always… https://t.co/7hh7Utalvl
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1 Frage an unseren Generalstab in Brüssel: Was hindert die Kommission eigentlich daran, diese multinationalen (Umwelt-) Schmierlapps mal zu temporärem Gewinnverzicht & 1 Spritabgabe zum Selbstkostenpreis zu verpflichten?
Remember: For zhe many not zhe few!
#Spritpreisbremse
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In der EU leben 450 Millionen (überwiegend) normale Menschen und eine Handvoll Energieaktionäre, Spekulanten & Krisenprofiteure (mit Mundgeruch). Ihre privaten Mineralölkonzerne haben im letzten Jahr Nettogewinne im dreistelligen Milliardenbereich gemacht. Wir hätten da mal…
Hey Pros! This is your chance to upgrade your PC rig in a BIG way.
We've managed to dig up a very limited number of GPU bundles and they're now available here: https://t.co/QEXcGVSe1P
Make sure you're logged into your account and refresh the page if necessary. Now get going!
@TeamYouTube I'd like to have a word with you about our channel being taken down. There has been a severe misunderstanding and our first appeal was practically ignored. #superstonk#gme Everyone please tweet at YouTube and make them hear us. 🙏
Like before 2008, industry predictably disagrees leverage is a problem. But given the high levels of debt, historically low interest rates, accommodative policy, 4 yrs of dereg/lax supervision + derivatives, time to worry @JARennison@FT: https://t.co/1NL6i3CuJ9 @bettermarkets 2/