Silence is consent. What happened to the situation with $gme? Why is it legal to rehypothecate shares, fail to delivery on trades, and only be fined for breaking the law? Shares are not a security when purchased through a broker. #DRS@jonstewart@dlauer@sus
@DOGE_SEC Take action on reg show. Ftd. Illegal naked short selling. We need a new settlement regime. @citidelsec committed international security fraud
🚨Update. #3 was changed from reversing trades to: Failure is not an option on a Buy-in. Like Singapore (& probably others), keep ⬆️ price offered to cover #FTD until they find a willing seller. #MOASS or bust!
@thinkingcrypto @LisaBraganca Ask why wall street is allowed is continuously fail to deliver stock without any repercussions. When the sec has the ability to ban those members. Also ask about the difference between holding shares in street name vs drs
DRS is the fortress from which you can safely fight for:
1) Fine$ FTDs [thot we had this, but House report shows NSCC waives A LOT]
2) Mandatory Buy-In
3) Reverse Trade if buy-in fails
4) Suspend & close accounts of brokers who FTD: Sec&Exch Act 1934, §17A.a.5.(C)
Said it before, will say it again: You can't look the other way when one law is broken & expect anyone to believe you when you say you will enforce another.
Suspend & close accounts of brokers who FTD: Sec&Exch Act 1934, §17A.a.5.(C)
@SEC_Enforcement@GaryGensler cop on the beat?
The SEC has updated their website - hundreds of you are sending in comment letters demanding transparency for which firms are holding short positions! It's incredible to see this take place - and there's still time to file a comment letter: https://t.co/1gDjVoeIZj
#WeTheInvestors
Congress wants answers from SEC about lost public comments and why Gensler walked back finalized rules for Proxy Voting Advice.
https://t.co/2CG8qkhwC5
You won’t get hit with a failure to receive #FTR because your broker’s trading partner failed to deliver. #FTD
DRS will never be in best interest of bank or broker – they risk losing revenue if you wave ba-bye with your share$.
Brokers 💕 day-traders and gamblers!
🤡 Gensler, today about 35:49: "We don't write the laws. Congress writes the laws...We stay within the law."
💣 Trimbath: "Then why not enforce
Sec&Exch Act 1934, §17A.a.5.(C) to suspend & close DTCC accounts of brokers who FTD?"
Thanks 💕 to the many for suggesting me for @TheProblem! Truth is I know too much. Have worked as expert witness in cases against GG's former employer(s). Anyway, both SEC and The Problem know who I am. DTCC has gone to great lengths to marginalize me. https://t.co/dLSDOUl3Qy