Tag: FINRA

Occupy the SEC 2023 is Here: What’s Happening?

Occupy SEC 2023: Latest market news - Franknez.com.
Occupy SEC 2023: Latest market news – Franknez.com.

Retail investors are occupying the SEC headquarters in Washington D.C. on January 27th and January 28th from 10am-4pm.

The 28th marks the two-year anniversary of the ‘meme stock’ frenzy of 2021 when Robinhood and other brokerage firms prevented investors from buying more shares of GameStop, AMC, and other heavily shorted stock in order to prevent firms from collapsing.

Regulators interfered with the people’s money by suppressing shares from rising.

Majority of investors within these communities never left, but rather hoped for justice and change in the financial system.

Retail investors have raised the issues of dark pools, OTC trading, and a number of conflicts of interest that pin regular investors to the ground.

Discussions surfaced in 2022 of protesting several SEC locations in the U.S. but never came to fruition.

Some retail investors argued against these actions while many more said they are necessary to get their voices heard.

Here’s what’s happening in the retail community today.

What is Occupy SEC 2023?

protest
Market News: What is Occupy SEC 2023?

The objective of occupying the SEC is to demand changes in the financial markets and to protect retail investors and companies from naked short selling and short selling misconduct.

The nationwide protests will occur on January 27th and January 28th between 10am and 4PM at 12 SEC locations, including the SEC headquarters in Washington D.C.

Outrage filled the retail community when SEC Chairman Gary Gensler confirmed 90%-95% of retail orders are processed in off-exchange platforms where the true demand for retail orders is not being reflected on the lit New York Stock Exchange.

The Wall Street ‘watch dogs’ turned a blind eye to the Madoff events that occurred during the last decade and now they’ve turned a blind eye to naked short selling and several conflicts of interest happening today within the media, hedge funds, and even regulators.

Retail investors are saying ‘we know’ what’s happening and ‘we need you to take care of it now’.

Occupy the SEC 2023 are meant to be peaceful protests.

Communities are tired of their investments in their favorite companies plummeting all because they’ve become targets of aggressive short sellers and manipulative tactics from Wall Street.

Now they’re taking the word to the streets despite gaining much attention on social media.

The lack of market transparency since the events that occurred in January of 2021 have led to these protests.

Occupy SEC 2023 LIVE

You can watch Occupy the SEC 2023 LIVE here.

Retail investors chant “do your job” when referring to the inaction from the SEC.

What is Stopping the SEC from Taking Action?

SEC Chairman Gary Gensler told ‘We The Investors’ he understands retail’s frustrations.

But retail investors aren’t convinced.

The SEC Chairman says that short selling is a challenging area where the SEC is still working and pursuing focus on.

One of the biggest challenges according to Chairman Gensler is that Wall Street powers will send stacks of reports highlighting rebuttals on proposals aimed towards protecting retail investors.

This is primarily because certain proposals aimed to protect retail investors conflict with Wall Street money.

And because these firms are market participants, like retail investors, these documents must be legally reviewed.

The challenge only grows when Wall Street firms open lawsuits against the SEC when certain proposals become a direct hinderance to the way these companies perform.

Regulators are in a massive bind now, facing scrutiny from both Wall Street and the average investor.

FINRA, DTCC Under Retail Scrutiny

FINRA MMTLP

FINRA has received backlash after freezing the trading of MMTLP (Meta Materials) prior to its spinoff.

The self-regulated organization is also responsible for outsourcing ‘best execution’ with the best execution rule, according to SEC Chairman Gary Gensler.

This means FINRA has the power to execute orders in off-exchange and dark markets for ‘best execution’ and ‘price discovery’.

But Gary Gensler says that this rule is too important for it to not be in the SEC’s court.

The organization contains records of every trade made available intraday, including that of naked short sales.

FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes.

However, they’re the open window that allows these manipulative strategies to occur in the market.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

FINRA’s justification towards FTDs say that firms face challenges related to miscalculations.

But Chairman Gensler says this is too important for it to not be handled directly by he and his team.

DTCC Conflicts of Interest

David Inggs Citadel DTCC

David Inggs is Global Head of Operations at Citadel and is responsible for all products across asset servicing, billing, cash management, clearing, and has a board seat at the DTCC.

The conflict of interest has raised big concerns amongst the retail investor community online as Citadel has been a leading and one of the biggest short sellers in the stock market.

On January 28th, 2021, The DTCC waived $9.7 billion of collateral deposit, limiting institutional losses and limiting retail profits during the ‘meme stock’ frenzy.

The organization allowed several naked shares to flood the market prior to the massive jump in share prices only to help financial institutions in the end.

SEC Chairman Gary Gensler has said one proposal they’re looking at this year involves tackling conflicts of interest in the financial markets.

How can investors support the cause?

Retail investors

Retail investors have been supporting the cause for years now by distributing news and information that sheds light on real issues.

Franknez.com is a media blog that supports retail investors and protects the retail community from mainstream media propaganda.

You can raise awareness in your community by sharing this article, and others, or by using hashtag #OccupySEC2023 on social media.

Advisory: This article is intended for educational and informational purposes only. This article is not advocating violence of any kind during these peaceful rallies.

Market News Published Daily

FrankNez News Today - Market News, Business News, + more.
FrankNez News Today – Market News, Business News, + more.

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Franknez.com

You can now read exclusive FrankNez articles 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.

The Retail Community Says FINRA is Corrupt

Is FINRA corrupt?
Market News: SEC Chairman speaks out on FINRA ‘best execution rule’.

The retail investor community is calling FINRA corrupt after numerous scandals have surfaced.

FINRA has received more backlash after freezing the trading of MMTLP (Meta Materials) prior to its spinoff.

But that’s not all.

During an interview with SEC Chairman Gary Gensler, he tells ‘We The Investors‘ that he believes the SEC should have the ‘Best Execution Rule‘, not the self-regulatory organization, FINRA.

More on that below.

Here’s the latest happening in the retail community.

Join the newsletter to receive weekly market news and updates straight to your inbox.

Who and What is FINRA?

What does FINRA stand for
What does FINRA stand for?

FINRA stands for the Financial Industry Regulatory Authority and is a self-regulatory government organization that oversees U.S. broker-dealers.

The organization contains records of every trade made available intraday, including that of naked short sales.

FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes.

However, they’re the open window that allows these manipulative strategies to occur in the market.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

The retail community is calling it foul play, alleging the possibility of lobbying within the self-regulated organization.

FINRA’s justification towards FTDs say that firms face challenges related to miscalculations.

FINRA is also responsible for where retails orders are being executed, per the ‘Best Execution Rule‘.

Chairman Gensler says this is too important for it to not be handled directly by he and his team.

Let’d dive right into it.

What is the ‘Best Execution Rule’?

is FINRA corrupt?
Is FINRA corrupt? SEC Chairman Gary Gensler speaks out on ‘Best Execution Rule’.

FINRA is responsible for outsourcing ‘best execution’ with the best execution rule, according to SEC Chairman Gary Gensler.

This means the self-regulatory organization has the power to execute orders in off-exchange and dark markets for ‘best execution’ and ‘price discovery’.

But Gary Gensler says that this rule is too important for it to not be in the SEC’s court.

The Chairman told ‘We The Investors’ that he does not agree that sending 60%-80% of certain stock to the dark markets is the best way for FINRA to act on price discovery or that he would consider to be ‘best execution’.

He says that to establish price in a lit marketplace, a competitive marketplace, that brings more buyers and more sellers to the marketplace will tend to have more support.

But retail investors remain critical of the Chairman despite his direct communication with the retail community in December.

Is FINRA corrupt?

I’d love to hear your thoughts in the comment section down below.

You can follow me on Twitter | Instagram | LinkedIn


How Bloomberg’s Beloved Citadel Securities Manipulates the Market

Market News: Here's how Bloomberg's beloved Citadel Securities manipulates the stock market.
Market News: Here’s how Bloomberg’s beloved Citadel Securities manipulates the stock market.

Citadel Securities is a leading financial institution known for its expertise in electronic trading and market making.

However, the company has also been embroiled in controversy surrounding allegations of manipulation in the markets.

In this article, we will explore the history of Citadel Securities and the accusations of market manipulation that have been levied against the company.

We will also examine the potential consequences of such behavior, both for Citadel Securities and for the broader financial industry.

Stay on top of the latest news and trends in the world of finance with our newsletter.

We are providing analysis on the biggest stories in the industry, so you can stay informed and make smart decisions for your finances.

Sign up now and stay ahead of the game.

Let’s get started!

How Does Citadel Securities Manipulate the Stock Market?

How does Citadel Securities manipulate the stock market?
How does Citadel Securities manipulate the stock market?

Citadel LLC was founded in 1990 while Citadel Securities was founded in 2002 by Ken Griffin.

Citadel Securities is a leading global market maker that provides liquidity to financial markets.

The company is known for its use of advanced technology and quantitative strategies to facilitate price discovery and drive market efficiency.

However, Citadel Securities has also been accused of manipulating financial markets in order to gain an unfair advantage.

Here are 5 ways Citadel Securities manipulates the stock market.

#1. High Frequency Trading (HFT)

One example of Citadel Securities’ alleged market manipulation is its use of high-frequency trading (HFT) algorithms.

HFT algorithms are designed to execute trades at extremely high speeds, often in fractions of a second.

This allows Citadel Securities to react to market movements faster than other traders and potentially gain an unfair advantage.

Critics argue that the use of HFT algorithms allows Citadel Securities to manipulate prices by quickly buying or selling large volumes of securities, which can create artificial demand or supply and move prices in their favor.

#2. Dark Pools

Another area where Citadel Securities has faced accusations of manipulation is in the realm of dark pools.

Dark pools are private stock exchanges that allow traders to buy and sell securities without revealing their identities or the details of their trades.

This can create a lack of transparency, making it difficult for regulators to monitor market activity and prevent manipulation.

Citadel Securities operates a number of dark pools and has been accused of using these platforms to engage in insider trading and other forms of market manipulation.

In addition to its use of HFT algorithms and dark pools, Citadel Securities has also been criticized for its role in the flash crash of 2010.

On May 6, 2010, the Dow Jones Industrial Average plunged nearly 1,000 points in a matter of minutes, before quickly recovering.

The cause of the flash crash was traced to a large sell order that was executed by Citadel Securities, which many believe was done intentionally to trigger a market panic.

Critics argue that Citadel Securities exploited the vulnerabilities of the market in order to profit from the flash crash.

#3. Spoofing

Another tactic that Citadel has been accused of using is spoofing, which involves placing a large number of fake orders in the market with the intention of tricking other traders into thinking there is more demand or supply than there actually is.

This can cause prices to move in the desired direction, allowing Citadel to profit from the manipulation.

In 2015, Citadel was one of several firms that were fined by the U.S. Commodity Futures Trading Commission for engaging in spoofing.

In December of 2022, a Biotech company researching cancer has decided to sue Citadel Securities for spoofing their stock.

#4. “Front Running”

Citadel has also been accused of engaging in “front-running” – a practice in which traders use inside information to gain an unfair advantage in the market.

In 2013, the company was sued by the New York Attorney General for front-running, but the case was later settled out of court.

Despite these controversies, Citadel remains a major player in the financial world.

Its use of algorithms and high-frequency trading has made it incredibly successful, but it has also raised concerns about the potential for market manipulation.

One of the key reasons for Citadel’s success is its ability to manipulate the markets to its advantage.

This is done through a variety of strategies, including high-frequency trading, where the firm uses powerful computer algorithms to make trades at incredibly fast speeds.

This allows Citadel to take advantage of even the slightest market movements and make a profit.

Related: Biotech Company Suing Citadel Over Market Manipulation

#5. Derivatives

Another way in which Citadel manipulates the markets is through the use of complex financial instruments known as derivatives.

These are financial contracts that derive their value from an underlying asset, such as a stock or a bond.

Citadel uses derivatives to speculate on the future value of these assets, and to hedge against potential losses.

This allows the firm to make huge profits even in volatile market conditions.

Despite its impressive track record and reputation, Citadel Securities has faced allegations of manipulation in recent years.

In particular, the company has been accused of using its dominant market position to manipulate prices and engage in other forms of misconduct.

These allegations have led to significant scrutiny from regulators, authorities, but primarily by retail investors who are concerned about the impact of such practices on the integrity of financial markets.

Related: Here’s How FINRA Has Failed Retail Investors

Leave your thoughts below

Franknez.com

Share this article if you found it valuable to the community.

Thank you for being a loyal reader of the blog. We are dedicated to providing valuable and informative content that is free of charge to our readers. However, running a blog is not free, and we rely on the support of our readers to keep our content accessible to all.

If you have enjoyed our content and have found it useful, please consider making a donation to help us continue to provide high-quality content. Your support will help us to continue to produce valuable content and to improve our website and services.

Every donation, no matter how big or small, is greatly appreciated. If you are able to support us, please click the “Donate” button below and make a contribution. Your support will make a big difference to our ability to continue providing valuable content to our readers.

Thank you for your support and for being a valued reader of the blog.

Sincerely, FrankNez

Market News Published Daily

For more stock market, business news and updates, join the newsletter to receive weekly market news and notifications straight to your inbox.

Franknez.com is the media blog that keeps retail investors informed.

You can also follow me on TwitterInstagramFacebook, or LinkedIn for daily posts.


Latest Report Shows AMC FTDs Spiked to $31 Million

Latest AMC FTD Report
Market News: Latest AMC FTD reports + more.

The latest Stocksera AMC FTD report shows that fails-to-deliver dollar amount spiked as high as $31 million in November.

This is equivalent to approximately 4.3 million FTDs.

The last day of the month shows FTDs amounted to $4 million, or approximately 546.4K FTDs.

December’s report will become available during the new year.

Latest AMC FTD Report
Latest AMC FTD Report – Franknez.com | Stocksera AMC FTDs.

FTDs, or Failure-to-deliver occurs when one party in a trading contract (whether it’s shares, futures, or options) fails to deliver on their obligations.

These failures derive due to buyers not having enough money to take delivery and pay for the transaction at settlement.

In the case of sellers, it means not having the goods to meet that transaction.

Failure-to-deliver can occur in options trading or when selling short naked, per Investopedia.

AMC Entertainment has been a big target for short sellers looking to profit from the demise of the century old movie theatre chain.

Here’s the latest market news.

Join the newsletter to receive weekly market news and updates straight to your inbox.

Or follow me on Twitter for daily posts.

How Are FTDS Being Regulated?

FINRA FTDS

High AMC FTD reports have been surfacing throughout the year as parties fail to meet their obligations when it comes to fulfilling their orders.

The problem arises from clearing corporations, or self-regulatory organization FINRA.

FINRA stands for the Financial Industry Regulatory Authority and is a self-regulatory government organization that oversees U.S. broker-dealers.

The organization contains records of every trade made available intraday, including that of naked short sales.

FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

The retail community is calling it foul play, alleging the possibility of lobbying within the self-regulated organization.

FINRA’s justification towards FTDs say that firms face challenges related to miscalculations.

But it’s these ‘miscalculations’ that are allowing short sellers to get away with millions of dollars in damages.

AMC Entertainment Isn’t the Only One

SEC

Many stock tickers are affected by large FTD counts, not just AMC.

But as more retail investors have educated themselves in the markets, more systemic problems seem to have emerged, or rather brought to light.

In an exclusive interview with ‘We The Investors’, SEC Chairman Gary Gensler encourages retail investors to weigh in via SEC.gov.

The retail community has raised concerns to the Chairman on social media and have even criticized his lack of action to protects retail investors.

He says the SEC is continuing to look into short selling to provide participants with better market transparency.

Proposals regarding conflicts of interest and a new settlement cycle are also underway for 2023.


AMC Entertainment Shares Fall to January 2021 Levels

Here is the latest AMC stock news.
Here is the latest AMC stock news.

AMC Entertainment shares have fallen below $5.

The last time shares traded at this level retail investors were aiming at squeezing short sellers from their positions.

Retailers who aimed to push AMC’s share price above $100 per share when it reached its all-time high of $72 persist on squeezing shorts today.

AMC closed at $4.89 on Monday with healthy trading volume around 28.5 million, 2 million more than its average.

The movie theatre’s market cap has fallen below 3 billion, currently at 2.5 billion.

Shareholders who are down significant amounts of dollars say market manipulation played a huge role in suppressing the demand created by retail investors.

SEC Chairman Gary Gensler admitted to dark exchanges having an unfair advantage over the average investor in an interview with ‘We The Investors‘.

He even claimed that he doesn’t believe the self-regulatory organization FINRA should have the ‘best execution rule‘, which allows them to execute orders in off-exchange and dark markets.

Here’s the latest market news.

Join the newsletter to receive weekly market news and updates straight to your inbox.

Or follow me on Twitter for daily posts.

SEC Chairman Speaks on Dark Pools

In a recent interview conducted by ‘We The Investors’, SEC Chairman Gary Gensler says he understands retail frustrations.

But retail investors were quick to give the Chairman backlash, stating actions speak louder than words.

While ‘We The Investors’ has taken a historic step towards representing the retail community in front of regulators as a whole, many retail investors remain skeptical, lacking trust from government leaders.

The SEC Chairman says that short selling is a challenging area where the SEC is still working and pursuing focus on.

One of the biggest challenges according to Chairman Gensler is that Wall Street powers will send stacks of reports highlighting rebuttals on proposals aimed at protecting retail investors.

Dave Laurer asked the SEC Chairman if dark pools suppressed the price of stock and whether retail investors could influence the price of a stock if majority of orders traded in the lit exchange.

While there was no direct answer to the suppression of price, the Chairman says that with so much trading happening off-exchange, he doesn’t think it’s a leveled playing field as dark pools give institutions an unfair advantage.

Retail investors as individuals don’t have the power to move the markets, but retail orders combined could have significant price impact, said the SEC Chairman.

“FINRA must be investigated”, says The Retail Community

Self-regulated organization FINRA has been receiving a lot of attention on social media recently.

While FINRA requires firms to be able to meet their short sale requirements as well as have a process to close out fails to deliver within their required timeframes, the organization allows the manipulation in the markets to happen.

FTDS (fails-to-deliver) are mounting up every month according to SEC data, and FINRA is unable to get firms to close out these obligations.

The retail community is calling it foul play, alleging the possibility of lobbying within the self-regulated organization.

But despite the falling prices from both AMC Entertainment and its equity (APE), the company continues to trend on social media.

Investors haven’t been scared off so easily but rather empowered to fight for transparency in the markets.

What Are Your Thoughts on AMC Entertainment?

Are you a shareholder that is still buying and holding?

Leave your thoughts down below for the community to see.

Related: Adam Aron Addresses Falling APE Shares


Swipe and Choose! 👇


Wall Street Has Decimated APE Stock

APE Stock News
Market News: Here’s the latest on AMC’s Preferred Equity, APE.

Retail investors are angry at regulators for allowing Wall Street to decimate APE stock.

While AMC’s Preferred Equity (APE) was intended for the company to capitalize on, banks, institutions, and short sellers have abused shares to the ground.

The equity was meant to provide AMC Entertainment with liquidity in order to pay down their debt.

While AMC was able to reduce their debt by $106 million due to APE, shares have been shorted from $7 all the way down to $0.81.

APE momentarily made Yahoo Finance’s Top List of Most Shorted Stock.

Shareholders questioned how shorting APE was possible in the first place, failing to recognize that APE is a tradable security just like any other stock.

Faceless influencers within the AMC community led many retail investors to believe that shorting AMC’s Preferred Equity was impossible.

And unfortunately, this perception clouded many people from creating a proper investment strategy or embracing for what was to come.

Let’s discuss it.

Join the newsletter to receive market news and updates straight to your email.

Retail Investors Seek to CEO for Answers

AMC and APE shareholders all have one common goal in mind, an AMC short squeeze and an APE short squeeze.

And although many shareholders have been transformed into paying customers, others are looking at AMC CEO Adam Aron for answers.

Loyalists don’t question the CEO and will condemn you for doing so, but if shareholders are still invested in the company, they have every right to yearn for answers.

Adam Aron has successfully maneuvered AMC out of bankruptcy, primarily thanks to its shareholders of course.

He’s utilized Twitter magnificently in a way that no other CEO has ever done so before.

And you can’t help but to admire the business personality in him that can raise cash out of thin air.

Even if it’s from his most loyal followers.

But the CEO has failed to address shareholder concerns on the decimation of APE, or the distribution of APE from Citigroup, who’s been short on the company.

Addressing shareholder concerns is important, whether you agree or not.

Does It Even Matter?

Some of you care about your money, your finances, your investments, and some of you simply don’t.

To some, being part of an embracing community, being known in a community, and embracing the movie theatre industry, but more specifically AMC Entertainment, is more important than monetary gains or financial abundance at this point.

And is that even a bad thing?

You just want to be heard; you want to fight evil in the markets without a care about money.

Or maybe you’re simply in the middle.

Let us know who you are – leave your story down in the comment section below.

You can follow me on Twitter & Instagram.


Ken Griffin’s Ties to News Corp Is a Big Problem

Ken Griffin News Corp
Market News: Ken Griffin’s Ties with News Corp leads to conflicts of interest.

Ken Griffin is a well-known billionaire hedge fund manager and the founder of Citadel LLC, one of the largest and most successful hedge funds in the world.

In recent years, Griffin has been involved in a conflict of interest with media conglomerate News Corp, specifically with regard to his relationship with the company’s CEO, Rupert Murdoch.

The conflict began in 2017, when Griffin became a member of the board of directors for News Corp, despite having a significant financial stake in the company through his hedge fund.

This raised concerns among some that Griffin’s position on the board could be used to further his own financial interests, rather than those of the company and its shareholders.

Here’s the latest market news.

Join the newsletter to receive the latest market news and updates straight to your inbox.

What is News Corp?

News Corp Wall Street Journal

News Corp is a global media and entertainment company that is known for its diverse portfolio of news and information services.

The company was founded by media mogul Rupert Murdoch in 1979 and has since grown to become a major player in the media industry.

News Corp operates a number of well-known brands, including the Wall Street Journal, the New York Post, the Times of London, Dow Jones Newswire, MarketWatch, and Barron’s.

In addition to its news and information services, the company also owns a number of entertainment properties, such as Fox News, Fox Sports, and the 20th Century Fox film studio.

Despite its success, News Corp has faced a number of challenges in recent years.

The company has been criticized for its political leanings and its coverage of certain events and has faced allegations of unethical behavior and corporate misconduct.

However, News Corp has continued to invest in its brands and expand its operations, positioning itself as a major player in the global media industry.

Conflicts of Interest with The Media

In addition to his wife serving on the board, Ken Griffin has also been a vocal supporter of Murdoch and his leadership of News Corp.

In 2018, he publicly praised Murdoch’s “exceptional leadership” and defended the company against criticism from other investors.

This support has led some to question whether Griffin’s actions on the board are influenced by his personal relationship with Murdoch, rather than a genuine desire to act in the best interests of the company.

Furthermore, there have been reports that Griffin has used his position on the board to push for changes at News Corp that would benefit his own financial interests.

The conflict of interest between Griffin’s now ex-wife and News Corp has raised concerns among some investors and corporate governance experts.

They argue that Griffin’s (dual role) as a board member (ex-wife) and significant shareholder creates a clear conflict of interest, and that actions on the board may not be in the best interests of the company and its shareholders.

One potential solution to this problem would be for Griffin to divest his stake in News Corp and for his now ex-wife to resign from the board.

This would eliminate the potential for conflicts of interest and ensure that Griffin’s actions are aligned with the interests of the company and its shareholders.

The conflict of interest between Ken Griffin and News Corp is a serious concern that raises questions about the integrity of the company’s leadership and governance.

The Latest on News Corp.

Charles Gasparino Fox News
Charles Gasparino Fox News.

News Corp is a global media conglomerate that owns a wide range of news and entertainment companies, including Fox News, the Wall Street Journal, and the New York Post.

Despite its vast reach, News Corp has faced criticism for conflicts of interest that arise from its ownership of both news outlets and the companies and individuals they report on.

An example of a News Corp conflict of interest is its ownership of the Wall Street Journal, which has been criticized for its close ties to the financial industry.

This has led to accusations that the Journal’s coverage of the financial sector is biased in favor of Wall Street interests.

Furthermore, News Corp’s ownership of the New York Post has also been criticized for its lack of journalistic integrity.

The Post has been known to publish sensational headlines and stories that are often lacking in factual accuracy.

Overall, News Corp’s conflicts of interest have raised concerns about the company’s ability to provide objective and unbiased news coverage.

This is particularly important in today’s media landscape, where trust in the media is already low and the line between news and entertainment is increasingly blurred.

Related: Biotech Company Suing Citadel Over Market Manipulation

You can follow me on Twitter & Instagram.

Interested in Supporting the Blog?

franknez.com.

Thank you for being a loyal reader of the blog. We are dedicated to providing valuable and informative content that is free of charge to our readers. However, running a blog is not free, and we rely on the support of our readers to keep our content accessible to all.

If you have enjoyed our content and have found it useful, please consider making a donation to help us continue to provide high-quality content. Your support will help us to continue to produce valuable content and to improve our website and services.

Every donation, no matter how big or small, is greatly appreciated. If you are able to support us, please click the “Donate” button below and make a contribution. Your support will make a big difference to our ability to continue providing valuable content to our readers.

Thank you for your support and for being a valued reader of the blog.

Sincerely, FrankNez


Here’s How FINRA Has Failed Retail Investors

FINRA has failed retail investors
Market News: How FINRA has failed the retail investor community.

FINRA, or the Financial Industry Regulatory Authority, is a non-governmental organization that oversees the securities industry in the United States.

It is responsible for regulating broker-dealers, issuing and enforcing rules for the industry, and protecting investors from fraud and other unethical practices.

While FINRA plays a crucial role in ensuring the integrity of the financial markets, it has been criticized for its handling of certain cases and its failure to adequately protect investors.

One of the main criticisms of FINRA is its arbitration process, which is often used to resolve disputes between investors and broker-dealers.

Critics argue that the arbitration process is biased in favor of the broker-dealers and does not provide investors with a fair and impartial hearing.

Here’s the latest market news.

Join the newsletter to receive market news and updates straight to your inbox.

Ways FINRA Has Been Complicit

How FINRA has been part of the problem.
How FINRA has been part of the problem | FINRA fraud – Franknez.com.

Investors have reported that they were not allowed to present certain evidence or witnesses during arbitration, and that the arbitrators were not neutral and impartial.

Additionally, the arbitration process is often confidential, which means that investors are unable to share their experiences or warn others about potential issues.

Another criticism of FINRA is its failure to adequately police the securities industry and to hold broker-dealers accountable for their actions.

In some cases, FINRA has been criticized for not taking action against broker-dealers who have engaged in unethical or illegal practices, such as insider trading or fraud.

Additionally, some investors have reported that FINRA did not respond to their complaints or take action against the broker-dealers involved.

This has led to a lack of trust in FINRA’s ability to protect investors and to maintain the integrity of the financial markets.

Also Read: Retail Investors Say FINRA Abused Its Power by Halting MMTLP

Transparency and Accountability

In addition to these issues, FINRA has also been criticized for its lack of transparency and accountability.

For example, some critics argue that FINRA’s decision-making process is not transparent and that it is not accountable to investors or the public.

Additionally, FINRA’s funding model has also been criticized, as it is funded largely by the securities industry, which some argue creates a conflict of interest.

Overall, while FINRA plays a crucial role in regulating the securities industry and protecting investors, it has faced criticism for its handling of certain cases and its failure to adequately police the industry.

Critics argue that its arbitration process is biased, that it does not adequately hold broker-dealers accountable, and that it lacks transparency and accountability.

It is important for FINRA to address these concerns and to work to improve its processes and policies in order to better protect investors and maintain the integrity of the financial markets.

What Can Retail Investors Do?

FINRA market manipulation | Is FINRA corrupt?
FINRA market manipulation | Is FINRA corrupt?

Retail investors can voice their opinions and concerns on FINRA market injustices on social media in order to raise awareness. #FINRAFraud

Share this article if you found it valuable to the community.

Thank you for being a loyal reader of the blog. We are dedicated to providing valuable and informative content that is free of charge to our readers. However, running a blog is not free, and we rely on the support of our readers to keep our content accessible to all.

If you have enjoyed our content and have found it useful, please consider making a donation to help us continue to provide high-quality content. Your support will help us to continue to produce valuable content and to improve our website and services.

Every donation, no matter how big or small, is greatly appreciated. If you are able to support us, please click the “Donate” button below and make a contribution. Your support will make a big difference to our ability to continue providing valuable content to our readers.

Thank you for your support and for being a valued reader of the blog.

Sincerely, FrankNez

You can follow me on Twitter & Instagram.


Retail Investors Say FINRA Abused Its Power by Halting MMTLP

Market News: MMTLP Stock gets halted by FINRA.
Market News: MMTLP Stock gets halted by FINRA.

On Friday, FINRA shocked retail investors everywhere as it halted trading of MMTLP stock ahead of the new spinoff.

This news has left investors with some pressing questions.

Meta Materials is distributing shares of subsidiary Next Bridge Hydrocarbons to its shareholders through what’s known as a ‘spinoff’.

The date of record will fall on Dec. 12, followed by the distribution date on Dec. 14.

However, shares of MMTLP will be automatically canceled, lose all of their rights, and no longer be tradable on the over-the-counter (OTC) market following the distribution.

In addition, Next Bridge will be an independent public reporting company that is not eligible for electronic transfer through any clearing corporations.

Next Bridge operates as an energy company with a key focus on an oil and natural gas project in the Orogrande Basin in West Texas. 

Here’s the latest market news.

Join the newsletter to receive market news and updates straight to your inbox.

Why did FINRA halt MMTLP Stock?

Market news: Why did FINRA halt MMTLP?
Market news: Why did FINRA halt MMTLP?

FINRA confirmed the trading halt this morning on its over-the-counter equities list.

It has been given the halt code U3, indicating that it pre-dates a significant event.

In this case, it is the Next Bridge Hydrocarbons spinoff, an event that promises to generate high trading volume upon its completion.

Retail investors have been voicing their concerns with the halt with many accusing FINRA of market manipulation.

Many traders have even called for a lawsuit against FINRA and have resorted to tagging market influencers such as Elon Musk and AMC Entertainment CEO Adam Aron.

Though it is fair to point out that Adam Aron has not raised concerns about the market manipulation in his own company.

And unfortunately, FINRA’s actions all seem to be ‘legal’ per the FINRA Rulebook.

InvestorPlace says, “FINRA clearly believes it is necessary to halt trading in order to protect the interests of current investors. Retail traders may not be happy with the result, but it seems that FINRA is well within its rights to cease trading ahead of an important market event”.

But I’m curious to know what you think.

Leave your thoughts below.

You can follow me on Twitter & Instagram.

You can support the blog by sharing this article or by making a small donation to the platform below. Thank you!


© 2023 Franknez.com

Theme by Anders NorenUp ↑

%d bloggers like this: