Category: Market News (Page 1 of 26)

Yahoo Lists AMC and GameStop in Mark Cuban’s Portfolio

Mark Cuban AMC and GameStop
Market News: Does Mark Cuban own AMC or GameStop shares?

Yahoo Finance just published 10 stocks to buy now tied to Mark Cuban’s portfolio.

AMC and GameStop are two retail favorites listed on Yahoo’s list (below).

Mark Cuban jumped on WallStreetBets to do an AMA last year after the ‘meme stock’ frenzy first occurred in late January of 2021.

“If you can afford to hold the stock, you hold. I don’t own it, but that’s what I would do.

Why? because when RH and the other online brokers open it back up to buyers, then we will see what WSB is really made of. That is when you get to make it all work.

I have no doubt that there are funds and big players that have shorted this stock again thinking they are smarter than everyone on WSB.

I know you are going to hate to hear this, but the lower it goes, the more powerful WSB can be stepping up to buy the stock again. The only question is what broker do you use. Do you stay with RH, who is going to have the same liquidity problems over and over again, or do you as a group find a broker with a far, far, far better balance sheet that won’t cut you off and then go ham on Wall Street.”

Now, although Yahoo Finance listed both AMC and GameStop tied to Mark Cuban’s stock portfolio, he said in the AMA that he does not own them.

He mentioned to CNBC later that his son did trade AMC and Blackberry.

Mark Cuban on the SEC

Mark Cuban on the SEC

Mark Cuban and Elon Musk have been two billionaires that have blatantly spoken out against the SEC.

Since its inception, the SEC has sworn to protect retail investors but has only proven to be complicit to market injustices.

An out of touch Gary Gensler has made it rather clear that keeping his job is more important than actually enforcing the law.

Here’s what Mark Cuban had to say about the SEC:

“The SEC is a mess. I wouldn’t trust them to do the right thing ever. It’s an agency built by and for lawyers to be lawyers and win cases rather than do the right thing

If the SEC gave a shit about ANYONE other than Wall Street you would be able to go there right now and read bright line guidelines about insider trading, shorting, what is a pump and dump, what are the rules for cutting off the purchase of stocks like happened with GME et al

But they won’t. They would rather litigate to regulate, which means they love to sue people in order to create new legal precedents.

All you need to know about the SEC and how badly they want to fuck the little guy is that they have the option of using JUDGES THAT WORK FOR THE SEC when they sue you rather than you have the option to have jury of your peers in front of a judge that is independent. Thats how bad the SEC is. If you want fair markets that doesn’t benefit Wall Street call your local politician and show them this.”

You can view Yahoo Finance’s list here.

Related: AMC’s Short Interest Rises to 21.64%

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AMC’s Short Interest Rises to 21.64%

AMC short interest today
Market News: AMC Short Interest Today | Franknez.com.

AMC’s short interest is rising again.

Last week the movie theatre chain’s short interest was around 17%, according to Fintel.

Now we’re seeing a sharp rise in shorting as the stock begins to move upwards again.

AMC shares are currently up +44% in the past month, with a recent high of $9.15 per share.

Shares went as low as $5.05 but the heavy demand zone around $6 levels were able to create a bounce.

Will AMC share prices continue to rise?

Let’s discuss it.

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The Markets in General Are Bouncing

The SPY has created a triple bottom around the $360 level so far and hasn’t come down since.

First in June, again in September, and last in October.

October is the month when SPY began to bounce from this major level of support.

Around the same time, AMC Entertainment stock was having a bounce from its major level of support around $6.30 per share.

Is it possible the market in general has hit the bottom?

It’s very probable, although it’s fair to mention any official talks of a recession can easily crash the market.

If we do begin to see further continuation, we might enter a short squeeze season where stocks begin to have sudden price surges from shorts closing positions.

Last year, AMC and GameStop gained mainstream attention when retail investors began to buy heavily into these two ‘meme stocks’ despite their high short interest.

Users over at Wall Street Bets identified that with enough buying pressure, they could force short sellers to rush and close their short positions in order to refrain from taking on massive losses.

This buy-back of shares would further fuel the buying pressure already being applied from retail investors; GameStop shot up over $483 per share.

In June of 2021, AMC Entertainment stock surged from $14 per share to $72 per share.

Will History Repeat Itself?

AMC Short Squeeze
Market News: Will AMC squeeze again?

AMC’s short interest was around 21%-22% before short positions began to get closed.

AMC’s current short interest is at 21.64%.

This means that with enough buying pressure, retail investors might just have the chance to recreate the events that occurred last year, possibly even bigger.

But I’m curious to hear your thoughts on AMC’s rising short interest today.

Leave your thoughts below.

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Will AMC Stock Squeeze in 2022? [Short Interest Data]

Will AMC Squeeze in 2022?
AMC Short Squeeze – AMC Entertainment 2022 – AMC Stock Price – AMC Stock Squeeze

Will AMC squeeze in 2022?

The Fool thinks you should sell your stock, but retail investors aren’t budging.

Mainstream media who serve hedge funds in a conflict of interest have been egging retail investors to not buy the stock all of 2021.

If you listened to The Fool who told you not to buy AMC when its share price was low, then you would have missed out on a trade that went as high as 3000% in gains!

While the runup to $72 per share might have caused AMC’s short interest to drop to 14% from 20%, AMC’s short interest has now gone up to 21%.

Ladies and gentlemen, AMC stock has plenty of room for growth in 2022.

franknez.com

Welcome to Franknez.com – the blog that provides retail investors market news with integrity. Today we’re discussing AMC’s short interest data to determine whether it will squeeze in 2022.

Let’s dive right into it!

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Mainstream media wants retail to lose

It’s no secret the financial platforms who have been attacking AMC stock are tied together.

Wall Street Journal’s parent company is News Corp., who also owns Barrons, MarketWatch, and DOW Jones Newswire.

Well, there’s a relationship between Citadel Securities’ CEO Ken Griffin and News Corp (he owns stock).

This creates conflict of interest because of the influence these people in power have who are shorting AMC stock.

Citadel Securities is one of the top 10 financial institutions shorting AMC stock.

So, let’s look at the data that shows whether or not AMC will squeeze in 2022.

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Also Read: AMC’s Rising Borrow Fee Rate Spells Trouble for Short Sellers

AMC Short Interest Data (2022)

AMC Short Interest Data 2022

AMC’s short interest is currently at 21.55% (last updated on September 5th).

The short interest tells us the percentage of a stocks float that is being shorted (shares have been borrowed and not yet closed).

Because AMC is heavily shorted at 21%, this is a short squeeze play in 2022.

A 21% short interest is equivalent to approximately 196.09 million shares on loan (shares that have been borrowed and have not yet been closed).

When AMC’s short interest dropped from 20% to 14% (6 points), the share price rose to $72 per share.

New short positions have brought AMC’s short interest up to 21% again meaning there are many shorts that have yet to be squeezed from their positions.

AMC’s short interest for 2022 is updated here daily for free, via Ortex.

Subscribe for more content and updates.

Whether AMC’s stock price is up or down, the short interest tells us a large portion of AMC’s float continues to be shorted.

The short interest is the main recipe for a short squeeze.

Related: Are Institutions Preparing to Close Short Positions in AMC?

Will AMC Squeeze in 2022?

will AMC squeeze in 2022
Will AMC stock squeeze in 2022? Game over short sellers | AMC Stock 2022 – AMC Stock Price

AMC has a high enough short interest to squeeze shorts from their positions in 2022.

Sitting at 21% short interest, it’s more than enough to get the price up well into the high hundreds of dollars per share.

Whether regulators will investigate naked shares, FTDs, and other forms of counterfeit shares for hedge funds to cover is another topic.

AMC will need momentum if it’s to see another massive runup in share price.

Furthermore, hedge funds will lead their customers into losses for the second year in a row if retail investors continue to buy and hold the stock in 2022.

AMC Entertainment stock has plenty of room for growth and mainstream media doesn’t want you to know it.

Related: TD Ameritrade mistakenly reports 40.25% short interest

Who is AMC stock for?

Popcorn

AMC stock is for the retail investors who are willing to take a little risk to multiply their investment through a short squeeze play.

A short squeeze play is a long commitment with incredible upside.

If you’re lucky enough to get involved in the ape community you’ll find yourself fighting for a fair and transparent market, where your voice means everything.

Reasons why AMC wont squeeze in 2022..

I’ve always been transparent with the community.

There are many of you who got in when I first began publishing the data early last year and are sitting on unrealized gains today.

And although AMC could have squeezed during various occasions last year, there are still things that can hinder AMC from squeezing this year.

Here’s a list of things that will refrain AMC from squeezing shorts from their positions:

  1. Retail investors start selling AMC stock
  2. Retail investors stop buying AMC stock
  3. New buyers aren’t introduced to the stock or short interest data
  4. Number of day-traders increase
  5. Regulators don’t enforce margin calls / protect retail from market manipulation

The AMC community has not had a problem holding or buying the stock.

One of the biggest problems the community faces today is regulators not protecting retail investors against the predatorial strategies from hedge funds.

The community has always been a beacon for change.

Apes will need to voice market concerns to elevate awareness.

Related: These Two Signs Will Tell You a Short Squeeze is Over

Market regulation in 2022

Market regulation 2022 SEC

AMC stock had multiple chances to squeeze in 2021, however, hedge funds always found a loophole that would prevent them from reporting information, or trading stock in the lit exchange.

Market manipulation continues to be a threat to every retail investor in the market.

AMC Entertainment was on the brink of extinction, it was about to go bankrupt.

Hedge funds took this opportunity to overleverage their short positions in the stock, betting it would close forever.

Once retail investors got in and saved the company, the community uncovered a number of market manipulation tactics that allowed hedge funds to prevent the stock’s share price from soaring.

The fight for a fair market continues in 2022.

For the ape community, this is more than just a short squeeze play.

It’s about freedom.

Read: 10 myths about the AMC apes the media has wrong

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BREAKING: Executive Order 14032 Could Be a Big Deal for AMC Stock

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‘Twitter Files’ Exposes Why Twitter Blocked Hunter Biden’s Laptop Story

Twitter Files Hunter Biden Laptop Story
Curated by Franknez.com | Twitter Files: Why Twitter blocked Hunter Biden’s Laptop Story.

The ‘Twitter Files’ segment on Twitter is exploding as Matt Taibbi walks us through on how and why Hunter Biden’s laptop story was suppressed on the social media giant’s platform.

In this article, I’m going to break down the key highlights of the ‘Twitter Files’ part 1.

Let’s get started!

You can follow me on Twitter for more market news and updates.

“Twitter Wasn’t Always Like This”

Elon Musk releases Twitter Files exposing suppression of Hunter Biden laptop story.
Elon Musk releases Twitter Files exposing suppression of Hunter Biden laptop story.

Matt Taibbi says that in the beginning, Twitter more than lived up to its statement, “the power to create and share ideas and information instantly, without barriers.”

But at some point, this statement was completely manipulated.

That is, when both Democrats and Republicans gained access to directly influence what was allowed on Twitter and what wasn’t.

At first, tools for controlling speech were designed to combat the likes of spam and grifters, or financial fraudsters.

Over time, Twitter staff began to take advantage of this leverage tool by accepting speech manipulation on the platform from outside sources.

And apparently, CEO Jack Dorsey had no idea this was occurring!

By 2020, requests from connected actors to delete tweets were routine.

Email exchanges would read: “More to review from the Biden team.”

The reply would come back: “Handled.”

Twitter Files: Provided by Matt Taibbi, article curated by Frank Nez.
Twitter Files: Provided by Matt Taibbi, article curated by Frank Nez.

According to Taibbi, celebrities and unknowns alike could be removed or held for review on the behalf of a political party.

A Major Imbalance Between Democrats and Republicans

While both Democrats and Republicans had access to these tools, the system wasn’t balanced.

Because Twitter was overwhelmingly staffed by people of democratic political orientation, there were more channels, more ways to complain, and more opportunities for Democrats to take advantage of than there was for the Republican party.

Twitter Political Contributors

In 2018, Democrats contributed $295,722 to Twitter while Republicans only contributed $11,100 for access to manipulate speech on the platform.

2020 showed a massive jump in contributions from the Democratic party, totaling to $909,431.

Twitter Files, provided by Matt Taibbi, article curated by Frank Nez.
Twitter Files, provided by Matt Taibbi, article curated by Frank Nez.

The Twitter files shows us that Democrats tampered with elections in 2020 by removing content on Twitter that interfered with their campaign.

One of the biggest coverups being Hunter Biden’s laptop story.

Let’s dive into it.

Why Hunter Biden’s Laptop Story Was Hidden

On October 14, 2020, the New York Post published ‘Biden Secret Emails‘, an exposed based on the contents of Hunter Biden’s abandoned laptop.

Twitter took extraordinary steps to suppress the story, removing links, and posting warnings that it may be “unsafe”, says Taibbi.

The transmissions to share via direct message were blocked, a tool that is reserved for extreme cases, such as child *ornography.

White House spokeswoman Kaleigh McEnany was locked out of her account for sharing the story on Twitter.

This also led public policy executive Caroline Strom to reach out to the Twitter team regarding the unusual circumstances.

Twitter’s response to Strom was that Hunter Biden’s laptop story had been removed for violation of the company’s “hacked materials” policy.

Twitter Files Emails
Provided by Matt Taibbi, article curated by Franknez.com.

According to Matt Taibbi, these decisions were made from those with the highest levels of authority in the company without the knowledge of from former CEO Jack Dorsey.

Head of legal, policy, and trust Vijaya Gadde played a key role.

“They just freelanced it,” is how a former employee characterized the decision.

A Violation of the 1st Amendment

Democratic congressman Ro Khanna reached out to Gadde in efforts to hop on a call and discuss the backlash on ‘re speech’.

“Khanna was the only Democratic official I could find in the files who expressed concern, says Taibbi.”

Vijaya Gadde emails provided by Matt Taibbi, article curated by FrankNez.

“Hope you’re well Vijaya! But this seems a violation of the 1st Amendment principles. If there is a hack or classified information or other information that could expose a serious war crime and the NYT was to publish it, I think the NYT should have that right.”

“A journalist should not be held accountable for the illegal actions of the source unless they actively aided the hack. So to restrict the distribution of that material, especially regarding a Presidential candidate, seems not in the keeping of the principles of NYT v Sulivan“, said Ro Khanna.

This has been part 1 to the ‘Twitter Files’ exposing why Twitter blocked Hunter Biden’s Laptop story and how Democrats were able to influence the election by suppressing a story that had the potential to sway public opinion.

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AMC Entertainment Trades +42% in The Past Month

AMC Short Squeeze 2023
Market News: Signs of an AMC short squeeze in 2023 arise.

AMC Entertainment trades higher in the past month as it breaks major support levels it created last year when the stock soared to $72 per share.

The movie theatre chain had a low of $5.05 in the past 30 days but has now begun trading above $8 levels.

AMC was halted on Wednesday after surging past $8 per share at market open and had a high of $9.15 that same day.

But it seems momentum is just getting started for the ‘meme stock’.

What we’re seeing this Friday is a trend upwards with consolidation, a high indication of bullish sentiment.

This healthy trend may suggest that market makers are preparing to make their money going long after shorting the stock since its all-time high.

And with SPY’s bounce in the market, it could feed that confirmation bias.

Will AMC undergo a massive bounce as the market in general begins to trend upwards again?

And is an AMC short squeeze in 2023 possible?

Let’s discuss it.

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The Market is Shifting

Stock Market Bounce

The S&P 500 index has seen better days this year, but the SPY hit a triple bottom around $360 so far and hasn’t come down since.

First in June, again in September, and last in October.

October is the month when SPY began to bounce from this major level of support.

Around the same time, AMC Entertainment stock was having a bounce from its major level of support around $6.30 per share.

I sent out an alert that same month informing the retail community of the buying opportunity.

AMC Entertainment is now up more than 40% since the publication of my ‘buy alert‘ on the blog and newsletter.

Take it from someone who said buy AMC at $6 per share last year before it ultimately surged to $72 per share and crippled Wall Street.

The point I’m making is the market is shifting and it’s very possible we begin to see AMC retrace to higher levels it created last year.

Of course, there are many factors that may break or make this a possibility.

The major one being retail and institutional investors both buying the stock en masse.

Which as we know, usually tends to happen during a bull market.

AMC’s Fundamentals Today will Play a HUGE Role Tomorrow

Institutions were buying AMC stock mainly during the second quarter of 2021 when retail investors sparked confidence towards the upside.

And retail investors haven’t left despite massive shorting in the market.

Based on what we’ve seen in the past, a new all-time high for AMC could very well come to fruition in the next bull market.

The reason behind this observation is that institutions and retail investors were buying AMC Entertainment stock even when the movie theater chain was on its knees.

There was still big suppression from short sellers who did not see any fundamental value in the company.

It’s for this sole reason why more institutions will likely purchase the stock during the next bull run, because AMC has significantly improved fundamentally.

AMC’s fundamentals today are going to play a huge role tomorrow.

It’s just a matter of time before retail investors get to see this play out in real-time.

Related: AMC Entertainment Launches Online Merchandise Store

Will AMC Have a Short Squeeze in 2023?

Will AMC squeeze in 2023? Franknez.com.
Will AMC squeeze in 2023? Franknez.com.

Granted that we enter a bull market in 2023, it’s very possible AMC has a short squeeze due to excessive buying pressure from both institutional and retail investors.

Fintel is currently reporting AMC’s short interest at 21.64%, which means there are plenty of open short positions that may trigger an AMC short squeeze in 2023.

When AMC’s share price skyrocketed to $72 per share, AMC’s short interest dropped from 21% to 14% due to hedge funds buying back their shares.

And with AMC’s increasing borrow fee rate, it only puts more pressure on hedge funds to begin this process.

Related: AMC’s Rising Borrow Fee Rate Spells Trouble for Short Sellers

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Nasdaq Reports 0.18% APE Institutional Ownership

APE institutional ownership
Market News: Latest APE institutional ownership report.

Nasdaq’s latest report on APE is showing the security only has 0.18% in institutional ownership.

AMC’s Preferred Equity was recently listed on Yahoo Finance’s ‘Top Most Shorted Stocks List‘.

The stock has had an insane amount of demand in the market from retail investors, but overleveraged shorting has suppressed the stock’s price from rising.

APE has fallen below $1 despite above average daily trading volume.

But institutional ownership has also largely declined according to the latest Nasdaq report.

And with AMC Entertainment selling APE shares through Citigroup, holders of the equity keep getting hammered.

Here’s the latest on APE.

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New and Sold Out APE Positions

APE institutional holdings - Franknez.com.
APE institutional holdings – Franknez.com.

According to Nasdaq, there are only 8 new institutional positions in APE with 298 total sold out positions.

This is equivalent to 327,046 institutional shares added versus 145.5 million shares sold.

Out of 13 institutions holding APE, 4 remained unchanged.

APE institutional ownership
APE institutional ownership | APE institutional holdings – Source(s): Nasdaq

This means retail investors have very little help from institutions in driving the share price up.

Nearly all institutions who received APE through AMC have sold it.

AMC Entertainment capitalized from APE in October when it was able to claim $106 million and pay down some debt.

Not even insiders are buying the equity.

But AMC shareholders are convinced that APE’s high short interest mixed with large buying pressure will trigger an APE short squeeze.

Does APE Need Institutional Buyers to Squeeze?

I’d love to hear your opinion on this.

The past has shown us that both retail and institutional investors moved AMC Entertainment stock to higher highs in 2021.

Retail investors were able to successfully instill confidence in institutions as AMC’s share price began to rise.

Or is APE’s major decline simply a factor from this year’s bear market?

Leave your thoughts in the comment section down below.

You can follow me on Twitter and Instagram.


Biotech Company Suing Citadel Over Market Manipulation

Citadel Market Manipulation
Market News: Biotech Company sues Citadel for market manipulation.

Biotech company Northwest Biotherapeutics is suing Citadel and other market makers for allegedly manipulating its stock price.

The company is accusing Citadel Securities LLC, Susquehanna, Virtu, and other Wall Street firms of driving its stock price down through the use of various illicit trading activities.

One being ‘spoofing‘ orders.

The lawsuit was filed on Thursday in Manhattan federal court. 

Northwest Biotherapeutics alleged the market makers had repeatedly engaged in “spoofing,“ where traders place orders with an intent to fool other investors about a stock’s demand and manipulate the price.

Northwest, whose shares trade over the counter, also sued Canaccord Genuity Inc., G1 Execution Services LLC, GTS Securities LLC, Instinet LLC, Lime Trading Corp. and Virtu Americas LLC.

Here’s the latest market news.

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Citadel’s Market Manipulation History

Citadel market manipulation
Stock Market News: Citadel accused of market manipulation | Citadel lawsuit + more.

The lawsuit comes as no surprise to the retail community as Citadel has a long history of market manipulation.

From getting accounts suspended in China to settling charges of misconduct and abusing their power in the U.S. markets, Citadel has done it all.

Spoofing was outlawed in 2010 so the practice has since been illegal.

In March, the DOJ targeted hedge fund Muddy Waters for flooding the market with fake shares.

In August, a federal jury in Chicago convicted two former JPMorgan traders who had been charged with spoofing in the gold market.

Now Citadel and others are being accused of using spoofing tactics to drive down the price of Northwest Biotherapeutics.

Will these Wall Street giants receive the same consequences as JPMorgan’s former traders?

I’m curious to know what you think.

Leave your thoughts in the comment section down below.

You can follow me on: Twitter | Instagram

Source: WSJ


AMC’s Preferred Equity ‘APE’ Falls Below $1

Market News: APE falls below $1 as short sellers suppress the stock.
Market News: APE falls below $1 as short sellers suppress the stock.

APE is now trading below $1.

Short sellers have been able to attack AMC’s Preferred Equity through the use of overleveraged shorting methods.

APE recently made #1 on Yahoo’s “Top Most Shorted Stock List“.

The equity closed at $0.98 per share and fell as low as $0.90 on Wednesday.

Majority of the market pumped during JPow’s announcement but both AMC and APE finished red on the day despite above average trading volume.

APE had an exceptional amount of buying power reaching 62.8 million, it’s average trading volume is 16.2 million.

The manipulation of APE in the market has shareholders looking at the CEO.

Citigroup’s Ties with APE and AMC Entertainment

Citigroup APE
Citigroup APE ties. AMC Entertainment news + more.

AMC Entertainment announced that it would hire Citigroup to help it sell 425 million APE shares.

This comes from the movie theatre chain’s strategy to capitalize from its shareholders to pay down debt.

Shareholders have argued in the past that the issuance of APE should have been voted for.

AMC Entertainment was able to successfully and legally claim a fraction of shareholder’s hard-earned capital in order to keep raise cash.

While there are shareholders who are willing to give their entire paycheck to the company, others weren’t too happy with the move.

Now it’s been disclosed that Citigroup has been shorting AMC Entertainment for the better part of over two years now.

Citigroup’s 13F-HR filing shows the company has been selling shares while trading put options in the derivatives market.

Meanwhile, the bank has also been downgrading AMC’s share price and promoting it in the media.

That’s right, the partner that is helping AMC sell APE shares has also been capitalizing from shorting the company.

Shareholders Look to Adam Aron for Answers

While there are shareholders that have total trust in AMC’s CEO Adam Aron, there are others who simply want answers.

Shareholders are invested in AMC Entertainment in order to capitalize from the company, but it currently seems to be the other way around.

AMC Entertainment just launched their online merchandise store, which is incredibly bullish for the company as it allows them to venture into other income streams.

This however does not prevent certain shareholders from wanting answers on APE’s dilution and massive suppression in share price.

Still, majority of shareholders seem to hold on to the CEO’s statement when he said to not confuse his silence with inaction.

But I’m curious to know what you think.

Leave your thoughts in the comment section down below.

Share this article to get your voice heard.

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Virtu is Suing the SEC Over Records Request

Market News: Virtu sues SEC | Doug Cifu.
Market News: Virtu sues SEC | Doug Cifu.

Virtu Financial Inc is suing the SEC, alleging on Tuesday its primary regulator had not responded to a public records request.

Virtu, a market maker with a large equities business, said it submitted a Freedom of Information Act (FOIA) request in June to determine if the SEC had met legal requirements to evaluate potential investor harm and market risks while considering new rules for the handling and execution of retail stock orders.

The SEC declined to comment.

The FOIA request sought, among other things, communications between SEC Chair Gary Gensler and various stakeholders involved in retail stock trading.

“What we’re doing is exercising our rights as citizens … to understand what this Chair is looking at and who he’s meeting with,” Virtu Chief Executive Doug Cifu told Reuters.

“We think it’s important that there be clarity and transparency — that’s what the SEC requires of us as a listed company, so we’re just taking that same standard and saying, be transparent in how you’re dealing with potentially seismic changes to equity market structure,” he added.

Cifu has said Virtu may sue the SEC over other potential rule changes Gensler outlined in June.

What Does the Market Maker Fear?

Virtu SEC Lawsuit Update.
Virtu SEC Lawsuit Update.

The industry has attacked the SEC as several plans to level the playing field for retail investors have been proposed, one being the ban of PFOF (payment for order flow).

Now it seems market makers such as Virtu want to know ahead of time what the SEC is up to in order to act now.

Virtu suing the SEC speaks volumes since majority of retail investors have doubted the SEC has true power to create any change in the market.

I’m curious to know what you think.

Leave your thoughts in the comment section down below.

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