The MMTLP scandal continues to grow as investors with full effort put pressure on self-regulatory organization, FINRA.
Earlier this week MMTLP shareholders were able grab the organizations attention after sharing a publication that shed light on the fraud that occurred in December 2022 when trading was frozen, and the ticker was delisted.
The results were devastating as tens of thousands of shareholders lost their entire investment, many had invested their life savings and pension fund money.
John Brda, former CEO of Torchlight, which merged with Meta Materials in 2021 says all the bad actors are going to get subpoenaed for their information.
I had the privilege to speak with John in a space call hosted by BusyBrands.
I wanted to know John’s thoughts on whether he thinks there will be some sort of justice or solution for shareholders, or whether he thinks FINRA will simply try to dismiss the event without taking any real accountability.
His response was very reassuring.
Here’s what he had to say.
John Brda on MMTLP and FINRA Scandal
“What’s interesting is that we’re going to find out one way or another, whether we have to do it through the court system or whether congress is going to effectuate change in a way that they can.
We’re going to find out, we’re not gonna stop in this effort so, we have what we believe are, if we end up filing suit in that manner, we have what we believe are basically bulletproof items that will survive motion to dismiss, and then the discovery process starts.
And then discovery is a wide-open door for us to understand actually who all the bad actors are, you know broker dealers involved, market makers, hedge funds, FINRA, DTCC, everybody; everybody’s gonna get subpoenaed for their information.
So, no I don’t believe it’s gonna go away and no I don’t believe it’s gonna be swept under the rug.
We’re hitting this from both angles, through congress and through the court system and we’re not going away — it’s just not gonna happen”, said John Brda.
MMTLP shareholders will be pleased to know action is being taken by activist investors from all walks in life.
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