No big deal… only $5 billion a day, at a minimum, being siphoned from the markets— claims made over 20 years ago.
But the person raising the alarm couldn’t have been that credible… he was only an economic advisor to 3 U.S. presidents.
MMTLP @pulte
No big deal… only $5 billion a day, at a minimum, being siphoned from the markets— claims made over 20 years ago.
But the person raising the alarm couldn’t have been that credible… he was only an economic advisor to 3 U.S. presidents.
MMTLP @pulte
>>> 💥💥1245 DAYS!!!💥💥<<<
SEA 15c3-3(d)
"The DEFICIENCY OR EXCESS OF SECURITIES required for possession or control must be determined on a DAILY basis as of the close of business on the preceding day"...
"For securities in deficit, action must be taken no later than the business day following the day on which the deficiency determination is made."
@TradeStation:
Email to MMTLP/NBH Investors, November 2023 (see post below):
"Despite TradeStation’s best efforts, we have been UNABLE TO RECALL a portion of the lent-out shares because there is currently no market for the security. This means that we will not be able to honor some of our customers’ requests to register or record their ownership in book entry form with AST because the SHARES ARE NOT BACKED BY PHYSICAL CERTIFICATES." #SEA15c33
"If the Registration Statement is declared effective by the SEC, TradeStation will FULFILL ITS OBLIGATION to transfer the current list of clients who own NBH of record to AST."
Tradestation Customers:
Next Bridge Hydrocarbons has priced their offering. Notice of Effectiveness is imminent. Tradestation promised you they would fulfill their OBLIGATIONS. MAKE THE CALLS!!!
@SECGov@SECPaulSAtkins DO YOUR JOB, ENFORCE THE LAW!!!
MMTLP MMAT TRCH
You cannot stop what is coming...#FO
The rules in place for dividend delivery. #MMTLP.
👉Exchange Act Rule 15c3-3 (Customer Protection) – Reserves and Custody of Security. This is the core “Customer Protection Rule.” It requires broker-dealers to promptly obtain and maintain physical possession or control of customer securities and to segregate customer funds. Dividends paid on customer securities must be promptly credited to customer accounts or forwarded. Failure to do so can result in a reserve computation violation or improper possession/control of customer assets.
👉Exchange Act Section 10(b) and Rule 10b-5 (Anti-Fraud Provisions) Willfully failing to deliver dividends (or misappropriating them) can constitute fraud or deceit in connection with the purchase/sale of securities. This is a broad anti-fraud rule often invoked when customer funds or entitlements are mishandled.
👉Exchange Act Rule 15c1-7 or (Related Fair Dealing Obligations) Brokers must deal fairly with customers. Withholding or delaying dividends can violate general standards of commercial honor and just principles of trade.
👉FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) and Rule 2150 (Improper Use of Customers’ Funds or Securities) These prohibit misuse or failure to promptly remit customer entitlements like dividends.
👉FINRA Rule 11860 (or related confirmation/delivery rules) Requires proper handling and notification regarding corporate actions, including dividends.
@Caveatlector12@Dubfanfupayme@SamsUxyyeah@Tuck46902 1.2 billion ÷ 30 = 40 million.
Is the 1-for-30 stock dividend simply a shareholder benefit, or could it also force a reconciliation of share entitlements before the record date?
If any broker has obligations that exceed the shares it can support, will they buy the offering?
I’m keeping an eye on this.
Let’s hope it’s declared effective:
https://t.co/vCLQMUpTU6
And let’s hope there is no PR about additional SEC comments:
https://t.co/86sqIItsVb
MMTLP