The SEC meme stock video is circulating all over social media due to its surprisingly and unprofessional attack on retail investors.
The agency was created in the 30s after the Great Crash to prevent fraud and protect retail investors from predatorial practices conducted by Wall Street.
But something happened along the way – the branch has proved to take a stance with congress in tailoring policies for financial institutions.
Who is going to protect retail investors from the corrupt?
Former SEC Branch Chief expresses her thoughts on the propaganda published by the SEC.
Let’s discuss it.
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SEC publishes Meme Stock Video
If you haven’t watched the SEC meme stock video, it’s embedded below.
The SEC published the video on their official YouTube channel where they restricted public commenting.
Former SEC Branch Chief Lisa Braganca said she was “very disappointed to see the SEC disparage investors in meme stocks as if they must have done it thoughtlessly – especially when the SEC permits most trading to take place in dark pools.”
She then tweeted, “how about a video on dark pools Gary Gensler?”
Lisa Braganca is an activist who fights for market transparency.
She’s talked on Matt Kohrs’ channel before and has done an AMA on Reddit’s r/Superstonk answering questions about self-regulatory regulations, SEC regulation, and SEC enforcement.
Gary Gensler admitted in a Bloomberg exclusive 90%-95% of retail orders don’t go through the lit exchange but failed to mention a solution to the problem.
In an interview with Jon Stewart, the SEC Chairman fails to deliver a quality and productive discussion on solving the problems in the market.
Jon Stewart described Gary Gensler as a sheriff in town that allows blatant corruption to occur.
For Gary, it’s clear it’s more about keeping the job rather than creating a legacy.
Activism Matters
The SEC’s meme stock video might try to portray retail investors as young and clueless novice investors.
But that’s far from who the retail community is.
Retail investors outsmarted hedge funds, exposed the corruption in the SEC, mainstream media, and are now attacking with this propaganda.
It’s a sign of weakness.
The retail community is made up of a very diversified group of people all fighting for the same cause.
And this is a threat to corporate media and powerful institutions.
Republicans and democrats getting together to fight for market transparency, what!?
But this isn’t just about the left and right getting together to combat corruption, it’s a global movement – and opps (opposers) don’t like this.
Trey made a great point when he stated why doesn’t the SEC tackle the problems that created meme stocks in the first place:
- PFOF
- Off exchange trading
- Prime brokers
- Arbitrage
- Naked shorting
- Derivative leverage
- Etc.
Activism matters.
Retail investors must continue to raise awareness of these issues despite the propaganda.
SEC Spent $460K on “Investomania Meme Stock” Ad
The SEC spent nearly half a million dollars on the ‘meme stock’ ad campaign that ridiculed millions of retail investors.
A Twitter user had sent in a FOIA application inquiring about the costs to produce “Investomania”, the video published on the SEC’s official YouTube channel.
The agency that was established in the early 1930s to protect retail investors took a shot at millions of investors who participated in the ‘meme stock’ frenzy.
Former SEC Branch Chief Lisa Braganca stated she was “very disappointing to see SEC disparage investors in meme stocks as if they must have done it thoughtlessly”.
“Especially when the SEC permits most trading to take place in dark pools… how about a video about dark pools @GaryGensler?”
And retail investors continue to hold this one against the agency, even in 2023.
What are your thoughts?
The SEC has ignored retail’s cry for help, and now they’ve made fun of the community with the meme stock video.
Did this unprofessionalism in our government surprise you?
I’d love to learn what you think.
Leave your thoughts in the comment section of the blog below.
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Related: Ken Griffin Attacks: "Pension Plans Destroyed by Retail Investors"
