Chairman Gensler Continues to Dodge MMTLP in New Briefing
SEC Chairman Gary Gensler continues to dodge the MMTLP inquires according to the latest briefing.
Last week, Rep. David Valadao, California’s 22nd Congressional District, requested four key things from the SEC Chair and CEO of FINRA in regard to MMTLP — one being an audited share count.
“Considering the seriousness of this situation and the substantial consequences on my constituents, I urge your prompt attention. I appreciate your consideration of this critical issue,” said the Congressman.
Now Rep. Ralph Norman has asked Chairman Gensler if he’s aware of the MMTLP situation and whether he knows what the aggregated share count is.
The SEC Chair failed to address whether the SEC had that information on file.
In mid-July, Congressman Eli Crane, 2nd District of Arizona, submitted a letter to both SEC Chairman Gary Gensler and the House Financial Services Committee Chairman Patrick McHenry relating to the MMTLP fraud allegations.
By late July, a total of 15 congress members requested an MMTLP update from SEC Chairman Gary Gensler relating to fraud allegations that stemmed from a U3 halt, which resulted in disastrous losses for investors.
Congress has begun to crack down on the MMTLP fraud scandal after investors organized and sent more than 40,000 letters raising concerns on the issues.
Tens of thousands of investors’ money has been stuck in limbo ever since FINRA locked MMTLP shareholders from buying or selling the stock just days prior to delisting the ticker.
Shareholders are doing everything in their power to raise concerns around the issue in efforts to find a solution.
Why does Gary Gensler continue to doge MMTLP? Users online allege he’s protecting bad actors behind the fraud.
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Also Read: Congress Has Now Released a New Report on MMTLP
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