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…
Retail Investors Petition to Fire SEC Chairman Gary Gensler
Retail investors have gotten together and started a petition to fire SEC Chairman Gary Gensler for obstruction of justice. The SEC Chairman is believed to be complicit to the market manipulation occurring in the day-to-day stock market. Gary Gensler…
Citadel Loses Court Case to IEX Order Type
BREAKING: Citadel Securities just lost the court case to the IEX order type. The ruling is a notable victory for IEX and a blow to Citadel Securities, which profits from small differences between the bid and ask prices in a trade. (Bloomberg)—Citadel…
Citadel Pushes Back on Possible SEC PFOF Ban
The SEC is addressing the possibility of banning PFOF (payment for order flow). Citadel and other institutions are speaking out. Gary Gensler said there may be a conflict of interest for brokers and that too much power is concentrated in a handful of…
Is the SEC Complicit to Market Injustices?
Retail investors are beginning to question whether the SEC is complicit to market injustices. An out of touch Gary Gensler has made it rather clear that keeping his job is more important than actually enforcing the law. In an alarming interview with Jon…
