AMC FTDs Top 51.6 Million This Year Through June
AMC’s FTDs have skyrocketed this year.
These FTDs (failure-to-deliver) are millions of orders unaccounted for in the lit market.
An FTD happens when a party is unable to deliver a tradable asset or meet a contractual obligation in a transaction.
Naked short sales and selling an asset without borrowing it first are two of the leading causes for failures to deliver.
I’m going to break down how many FTDs AMC has had every month this year so far.
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Number of AMC FTDs per month
AMC Entertainment Holdings, Inc. has had millions of FTDs this year.
Here they are broken down per month.
January 2022: 2,016,672
February 2022: 3,138,919
March 2022: 6,011,866
April 2022: 4,326,160
May 2022: 1,091,540
*June 2022: 35,071,358
Total: 51,656,515 so far.
Last month AMC FTDs surged past 35 million!
June saw the highest AMC FTDs it’s seen all year.
The dollar amount of these FTDs mount up to hundreds of millions of dollars.
The alarming number of failure-to-delivers in AMC goes to show institutions shorting AMC stock are getting away with fraud.
They are creating naked shares to short AMC stock by essentially writing checks out that end up not clearing, resulting in FTDs.
In the process, short sellers are able to make profit without any accountability.
March had the highest amount of AMC FTDs so far with more than 6 million being recorded.
In March we saw AMC surge past $34 per share before it was halted and suppressed alongside GameStop, which surged to $199 per share.
Related: 98% of Ticker Had Few FTDs Than GameStop
Final thoughts
The grand scheme of naked shorting has been the most blatant market manipulation in finance history.
Yet regulators such as the SEC can’t seem to plug the loophole.
It’s up to retail investors to demand change in the markets to level the playfield.
NSCC-2022-003 could be a start to eliminating fire selloffs and potentially limiting naked short selling.
But it’s not enough.
The retail community must continue to raise awareness of these predatorial market conditions in hopes to create real change for all participants.
I’d love to know what you think.
Leave your thoughts in the comment section of the blog down below.
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Show CommentsWhat were the FTDs over the same period in 2021?
Where else in life can you sell something you never owned in the first place? Ludicrous that this is allowed.
Thank you for all the hard work you do to provide us this information
Would it help if we could start a petition with thousands of apes signatures to MAKE the
Sec do their job? Send copies to all the news media. There has to be an ape attorney
On here that would help us get this done. If what their doing is against the law then we need to take it to the law.
Frank, I was impressed by your article and submitted comments below to AG/DOJ thru their online website, and I just posted comments below on yahoo finance (Boeing – comments). If enough people complain, then maybe AG/DOJ/FBI/SEC/Congress will someday stop the fraud. If you have YTD data for FTDs on Boeing (BA), I’d be very interested in that data. Thanks.
Per Frank Nez article, stock market fraud/naked shorting (selling fake shares) is still unaccountable
in 2022 by SEC (or by brokers self-regulated FINRA). There is a major need for CAT (Consolidated
Audit Trail) and for it to be run independently. The SEC and FINRA have failed to address most of
the fraud (too tied to brokerages/lack independence to oversee a CAT system to review historical
trading data and prosecute brokerages for manipulation/fraud). There are numerous examples of
the naked shorting fraud: AMC, Boeing…., if can CAT/track old data check: Lucent Technology,
Diamond Offshore…
Thousands BA puts bought with tens of millions expiring 17 Jun (7,700 on 20 May, 5,700 26 May..),
so appears a naked short attack planned before 17 Jun expiration.
Will AG/DOJ stop the widespread manipulation/fraud/naked shorting/selling fake shares – that SEC ignores?
AMC FTDs Top 16.5 Million Through May
JUNE 7, 2022 / FRANK NEZ /
“AMC’s FTDs have skyrocketed this year.
These FTDs (failure-to-deliver) are millions of orders unaccounted for in the lit market.
An FTD happens when a party is unable to deliver a tradable asset or meet a contractual obligation in a transaction.
Naked short sales and selling an asset without borrowing it first are two of the leading causes for failures to deliver.
AMC Entertainment Holdings, Inc. has had millions of FTDs this year……
Here they are broken down per month.
January 2022: 2,016,672
February 2022: 3,138,919
March 2022: 6,011,866
April 2022: 4,326,160
May: 2022: 1,091,540
Total: 16,585,157 so far.
The dollar amount of these FTDs mount up to hundreds of millions of dollars.
The alarming number of failure-to-delivers in AMC goes to show institutions shorting AMC stock are getting away with fraud.
They are creating naked shares to short AMC stock by essentially writing checks out that end up not clearing, resulting in FTDs.
In the process, short sellers are able to make profit without any accountability….”
Let’s start a discussion! Leave your thoughts below.
Frank,
I am unable to email you and a fake profile to follow you popped up.
Hi Teresa, a fake profile circulating on Twitter has been suspended.
Frank.. You are on point… and i totally agree.. these dudes are absolutely blatant with it because they do not care… pay fine…
How do we stop these bastards from creating long shares out of ETF funds?