SEC’s Director of Enforcement Now Under Investigation for Corruption
The SEC’s Director of Enforcement is now under investigation for corruption according to a new case in Trenton, New Jersey.
Senator Michael Testa has called for immediate legislative action to investigate the New Jersey Attorney General’s Office and its handling of a 2019 prosecution involving a businessman with ties to U.S. Senator Bob Menendez.
Gurbir Singh Grewal is an American attorney and prosecutor who is currently the Director of the Division of Enforcement for the Securities and Exchange Commission.
He served as the sixty-first attorney general of the State of New Jersey from January 2018 until July 2021.
Prior to that, he served as the Bergen County Prosecutor, the chief law enforcement officer for New Jersey’s most populous county.
Earlier in his career, Grewal served as an Assistant United States Attorney for the District of New Jersey, where he was Chief of the Economic Crimes Unit, and an Assistant United States Attorney for the Eastern District of New York, where he was assigned to the Business and Securities Fraud Unit.
Testa, a member of the Senate Judiciary Committee, urged the Legislature to return to Trenton to authorize subpoena power for the committee and to retain special counsel, reports Shore News Network.
This move is aimed at facilitating a comprehensive investigation into the Attorney General’s Office under the administration for former Attorney General Gurbir Grewal.
“When you have allegations of elected officials pressuring our State attorney general’s office to influence the outcome of a prosecution, the State must demand answers,” said Testa.
“We cannot ignore the alleged corruption and influence peddling that occurred within our State offices.”
New Jersey Attorney General Matt Platkin said that his office will begin an investigation into the claim.
Also Read: The SEC Now Charges Citadel For Illegal Short Selling Violations
Other SEC News Today
The SEC has now fined Goldman Sachs for inaccurate blue sheet data according to the latest SEC press release.
Goldman Sachs (NYSE:GS) was charged $6 million in penalties for failing to provide complete and accurate securities trading information, known as blue sheet data, to the SEC.
According to the SEC’s order, over a period of approximately ten years, Goldman made more than 22,000 deficient blue sheet submissions to the SEC.
The order finds that, as a result of 43 different types of errors, these submissions contained missing or inaccurate trade data for at least 163 million transactions.
The order further finds that Goldman lacked adequate processes to verify the accuracy of its electronic blue sheet submissions, the report states.
“Firms must provide complete and accurate blue sheet data in response to our requests,” said Thomas P. Smith Jr., Associate Regional Director in the New York Regional Office.
“Blue sheet data is vital to the Commission’s ability to carry out its enforcement and regulatory functions and to protect investors and maintain market integrity.”
Separately, the Financial Industry Regulatory Authority (FINRA) reached a settlement with Goldman for related conduct.
Investors in the MMTLP community are wondering when the next deep investigation by the SEC and FINRA will occur.
Blue sheets were denied to retail investors in June, but it only resulted in bigger outreach to Congress and other who could raise awareness.
Now Congress has has ordered an MMTLP share count in a new letter to SEC Chairman Gary Gensler and FINRA CEO Robert Cook.
What is keeping regulators from fully dialing into the MMTLP fraud case? Only time will tell.
The MMTLP case is a developing story — share this article to raise awareness.
Also read: 15 Congress Members Have Now Requested MMTLP Update from SEC
Market News Published Daily 📰
Don’t forget to opt-in for push notifications so you don’t miss a single article!
Also, thank you to all of our blog sponsors. This year we’ve been able to increase push notifications slots making it more convenient than ever for new readers to receive their daily market news and updates.
You can also follow me on Twitter, Instagram, Facebook, or LinkedIn for daily news and updates on your favorite stories.
Become a Sponsor for only $1/mo.
- Gain access to EXCLUSIVE FrankNez articles you won’t find here.
- Become part of a private and safe Discord community, just for retail investors.
- Get drawn at the end of the year for holiday giveaways.
Recommended For You ✨
Leave a Reply
You must be logged in to post a comment.
-
-
-
-
-
-
Show CommentsMaaan I remember when he joined the sec and we, apes too, were fuckin stoked because everyone loved him in NJ. Then he joins sec and what happens? Ugh.
It is clear there is a hostile takeover of the US government. 3 possibilities:
1. The MO seems to be to blame someone for the crimes that the hostile party does and sick their goons on them and discredit them to silence them. If anyone good tries to stop them they use this tactic and likely worse and since it is likely just a few sticking their necks out they quickly get dismembered.
E.g., Grewal is a good guy trying to stop what is happening… the lunatics(looks like it is the mafia) doesn’t like it(obviously) so this is how they work. We see a regular set of guys that seem to all revolve around each other and all have the stench of being part of the mafias puppets.
For those guys fighting back:
a) You must expose what is going on to the public. The public is all that can save you. By trying to keep it all under wraps for whatever reason simply means things will get much worse. by exposing what is happening to the public might create immediate it will enable the cessation of the hijacking of the US government and the slow creep of strangling society.
b) Create a dead mans switch using time dated video, pgp, block chain, etc to securely document everything. Obviously they will go after your family rather than kill you if they can. Get your family to safety(another country).
c) You must have a team of people who want justice and truth and can be bound to being trusted. These people are actually from the public.
I don’t know if Grewal is a good guy but I know the teams. Grewal is connected to Gensler. Gensler is pro-crypto. Lots of crypto pumping on X. X is nothing but a gaslighting machine.
Ryan Cohen had only two follows: Gamestop and Musk. He unfollowed Musk after Musk tweeted Gamestop. Either RC is working with Musk or trying to stop him. Musk is connected to Gates, Bezos, and Griffin directly. Most politicians are installed puppets paid to play their part. The Ukraine war is clearly a ruse to steal trillions and cause problems. Why is Griffin, Ackerman, and bankers at meetings with Zelensky?
2. They are all criminals and it’s all just a show for us plebs before they put us in chains or 6 ft under. Even if there is a turf war between them it doesn’t change the outcome for us.
3. There is no 3rd possibility.
Also, why was
https://www.reddit.com/r/Superstonk/comments/171c1j7/comment/k3pnzw0/?sort=new
removed?
Sorry, this post has been removed by the moderators of r/Superstonk.
Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose.
These subreddits are not pro citizen journalism or independent journalism. Still, I suggest everyone to continue to share this.
Superstonk is suppose to be about GME. This is heavily related to GME.
Either SS is compromised(I’ve seen quite a few things over the years that suggests it is)… well.
I’m begging to think GS and RC are part of the scam… teamed up with Musk and others to pump and dump GME and others all using the lie that the stock has a high short interest.
Whatever is going on it is clear that America is under attack by psychopaths. Most people are clueless but eventually they will pay dearly for it.
Leave your thoughts below.