RFK Jr. now shows his support on the MMTLP case after reposting a community post regarding investor questions for FINRA on X.
The MMTLP scandal is being recognized as one of the biggest Wall Street frauds of the decade.
Investors who held shares of MMTLP stock on the record date of December 12 would receive a preferred dividend of Next Bridge Hydrocarbon on Wednesday, December the 14th.
However, MMTLP stock stopped trading on Thursday, December 8 after FINRA delisted the security without notice or warning.
FINRA released a statement; however, failed to address a myriad of important questions to investors holding the security, which was no longer tradeable.
Since the events, the MMTLP community has sent over 40,000 letters to congress addressing their concerns, urging congressmembers to look into FINRA for potential fraud.
After ongoing publicity events, the Congressional Research Service has acknowledged the MMTLP community along with several reports published by FrankNez.
Republican figures such as JD Vance and now Robert F. Kennedy Jr., have shown their support in bringing light to the MMTLP fraud, which caused tens of thousands of investors to completely lose all their money as they were unable to close their positions.
On Monday, September 23, RFK Jr. reposted a post regarding the following 13 questions the MMTLP community feels FINRA should be answering:
- Who was involved in the decision-making process to halt the stock using U3 Halt code?
- Were any Broker Dealers, DTCC, AST, MMs or other Member firms consulted prior to the decision?
- Was DTCC consulted specifically?
- What was their determination based on their internal records including CNS and NSCC lending pools?
- How did they arrive at that determination?
- How many shares were moved by BDs into the “Obligation Warehouse”?
- What was the “extraordinary event” that caused the U3 Halt designation to be triggered?
- Have you had any communication with the OCC and why they allowed short shares to not be settled at the merger of TRCH and MMAT?
- How do you hold the short positions not settled?
- Why were the short positions not settled?
- Do you have the accurate accounting from all 105 BDs who had shares on record with DTCC showing their long, short, and IOU positions (naked)?
- Do you have all Broker-to-Broker clearing records (ex-clearing) from all member firms? Have you requested the information?
- Do you have all the sell tickets from all 105 BDs dating back 5 years on all TRCH, MMAT, and MMTLP trades from all member firms? If not, how are you going to accurately investigate what happened? Isn’t your roll oversight in this matter?
This is a developing story — for more MMTLP news and updates like this, join the newsletter or opt-in for push notifications.
Also Read: FINRA CEO Is Now Under Pressure On The MMTLP Case
More on MMTLP:
Gary Gensler is Now Dodging MMTLP Inquires From Congress
Senator Inquiries Now Grow in The MMTLP Scandal
15 Congress Members Have Now Requested MMTLP Update from SEC
Bloomberg and WSJ Fail to Narrate Big MMTLP Story
Transcripts Now Reveal Big MMTLP Fraud Investigations
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Hopefully he will follow through and not just talk the talk.
I do have the hydrocarbon shares in a Roth IRA but it’s just holding the place markers. Unsure if it’s worth transfer if them for 20 shares or let them stay.
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