Tag: Market Manipulation (Page 1 of 5)

Will The Apes Successfully Take Down Wall Street Again?

Apes vs wall street
Stock Market News and AMC Updates: Apes VS Wall Street

Retail investors known as ‘apes’ were able to do what no one else in history has ever done before.

They exposed fraud in the stock market and uncovered conflict of interest no one was ever supposed to see.

In the midst of it, a handful of investors made money, causing massive hedge funds to lose billions of dollars.

Do the ‘apes’ have the power to win big again?

And if so, what’s it going to take?

Let’s discuss it.

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Let’s dive right into it!

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Shorts think retail investors are experiencing fatigue

Reuters just published an article giving us some insight to what suits think of the current ‘meme stock’ situation.

They understand that short interest in AMC is rising despite its fundamental improvement.

Shorts seem to have gained some confidence in the bear market – go figure.

Wedbush Securities Inc. says it doesn’t seem like it’s a great time to short AMC.

Bets against the company “reflect that institutional investors think that the retail shareholders are experiencing fatigue here.”

While it’s true buying has cooled down, apes are still very much in this play to squeeze shorts from their positions.

Many investors have gone on the offense for months now and are supporting AMC Entertainment outside the market.

Shareholders have become so loyal to the brand that they’ve become the very guests attending the movie theatres.

Volume might not be on the rise like last year, but movie theatre attendance sure is.

The ape community has grown to understand just how important the fundamentals of the company are, despite a short squeeze not requiring them.

Retail investors might look like they’re on the sideline, but little do shorts know they’ve been on the offense the entire time.

A beacon for change

We the investors
We The Investors – apes sign to ban PFOF

The ‘ape’ community continues to be a beacon for change.

Community members recently gathered on social media to sign a petition going out to the SEC, created by activist Dave Laurer.

We The Investors is an initiative to get retail’s concerns in front of SEC Chairman Gary Gensler in efforts to raise awareness of the problems retail investors face in the market.

The letter to ban PFOF (payment for order flow) received more than 71.5k signatures.

“Together, we’re going to make sure that retail represents itself, & that firms who productize their clients can’t claim to represent them. Together, we’re going to make markets simpler, fairer & more transparent”, says Dave.

Ken Griffin’s Citadel is pushing back on the possibility of the SEC banning PFOF, along with the entire hedge fund industry.

However, other apes are taking a much different approach.

Unlike Dave Lauer, majority of retail investors don’t believe in the SEC.

They’re using marketing campaigns to put pressure on our regulators as seen below.

A mobile billboard truck was spotted in New York reading “The SEC is Complicit with Wall Street Corruption“.

Meanwhile, content creators on social media continue to educate the masses on market injustices.

Institutional investors beware, apes aren’t leaving.

Related: Here's Why Mainstream Media is Attacking AMC

AMC stock prepares for a breakthrough

AMC Entertainment Stock
AMC Entertainment Stock – Will apes trigger a short squeeze?

Buying pressure tends to slow down during bear markets, but this isn’t stopping retail investors from staying in the game.

While the ‘hodl’ game is strong, big buying pressure will soon be underway as the markets begin to shift upwards again.

Momentum from shorts closing will fuel retail’s demand for the stock, inevitably forcing a short squeeze.

And fortunately for AMC shareholders, there are plenty of short sellers in this play to send AMC’s stock price to a new all-time high.

An incredibly important part of history is being written today.

Will you be a part of it?

Leave your answer in the comment section of the blog down below.

For market news and more AMC updates:

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Bookmark: AMC Short Interest Daily Updates

AMC FTDs Top 16.5 Million This Year Through May

AMC FTDs
Stock Market News: AMC FTDs top 16.5 million year-to-date

AMC’s FTDs have skyrocketed this year.

These FTDs (failure-to-deliver) are millions of orders unaccounted for in the lit market.

An FTD happens when a party is unable to deliver a tradable asset or meet a contractual obligation in a transaction.

Naked short sales and selling an asset without borrowing it first are two of the leading causes for failures to deliver.

I’m going to break down how many FTDs AMC has had every month this year so far.

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Number of AMC FTDs per month

AMC FTD Chart
AMC FTD Chart – AMC Naked Shorting – AMC Failure to Deliver

AMC Entertainment Holdings, Inc. has had millions of FTDs this year.

Here they are broken down per month.

January 2022: 2,016,672

February 2022: 3,138,919

March 2022: 6,011,866

April 2022: 4,326,160

May: 2022: 1,091,540

Total: 16,585,157 so far.

The dollar amount of these FTDs mount up to hundreds of millions of dollars.

The alarming number of failure-to-delivers in AMC goes to show institutions shorting AMC stock are getting away with fraud.

They are creating naked shares to short AMC stock by essentially writing checks out that end up not clearing, resulting in FTDs.

In the process, short sellers are able to make profit without any accountability.

March had the highest amount of AMC FTDs so far with more than 6 million being recorded.

In March we saw AMC surge past $34 per share before it was halted and suppressed alongside GameStop, which surged to $199 per share.

Related: 98% of Ticker Had Few FTDs Than GameStop

Final thoughts

AMC Naked Shorting
AMC Naked Shorting – AMC Failure to Deliver

The grand scheme of naked shorting has been the most blatant market manipulation in finance history.

Yet regulators such as the SEC can’t seem to plug the loophole.

It’s up to retail investors to demand change in the markets to level the playfield.

NSCC-2022-003 could be a start to eliminating fire selloffs and potentially limiting naked short selling.

But it’s not enough.

The retail community must continue to raise awareness of these predatorial market conditions in hopes to create real change for all participants.

I’d love to know what you think.

Leave your thoughts in the comment section of the blog down below.

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SEC Charges TradeZero America for Halting ‘Meme Stocks’

SEC Charges TradeZero America
Market manipulation: SEC charges firm for deceiving customers in ‘meme stock’ halt.

BREAKING: The SEC is charging TradeZero America and co-founder with deceiving customers about ‘meme stock’ trading halts.

“The Securities Exchange Commission today charged broker-dealer TradeZero America Inc., and its co-founder Daniel Pipitone, with falsely stating to the firm’s customers that they didn’t restrict the customers’ purchases of meme stocks when in fact they did.”

The SEC does not mention in the press release which three ‘meme stocks’ customers were not allowed to buy.

I’ll link the official source below.

Let’s discuss it.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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TradeZero America deceives customers about meme stock halting

TradeZero America Meme stocks

In late January of 2021, many broker firms halted the purchase of ‘meme stocks’.

You might have heard of the Citadel and Robinhood scandal, where the two colluded to remove the ‘buy button’.

While the scandal became headlines, the transcripts available weren’t enough to charge the institutions.

The SEC released a press release today stating that TradeZero America is being charged for deceiving its customers.

The firm told its customers they did not halt the purchase of meme stocks when in fact they did.

After the halt, TradeZero and Pipitone made misleading public statements via interviews, social media, and in a press release in an effort to distinguish their company from brokers that restricted trading during that period. 

In a Reddit “Ask Me Anything,” Pipitone said, “That some trading firms are blocking these symbols is disgusting, unprecedented… Our clearing firm tried to make us block you and we refused.”

Side note: THIS STATEMENT is disgusting.

TradeZero America received a $100,000 penalty, and co-founder Pipitone received a $25,000 penalty.

Although the SEC did not mention which ‘meme stocks’ were prohibited from being purchased, GameStop and AMC have been the two biggest ‘meme stocks’.

I assume the third was Bed Bath & Beyond.

Source: SEC Press Release

Where are ‘meme stocks’ headed in 2022?

Meme stocks

AMC and GameStop continue to be heavily shorted.

While both companies have survived the pandemic and have shown a dramatic fundamental improvement, short sellers have not left.

Both these stocks have an extremely high short interest and shares on loan.

More and more retail investors are piling in these two stocks for a short squeeze play that was merely suppressed last year.

Trading was halted in both AMC and GameStop in late March of 2022.

AMC rose to $34 per share while GME stock rose to $199 per share.

This form of market manipulation continues today.

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Related: Ken Griffin Speaks Out on Retail Investors and Meme Stocks

Stocks and Crypto Are Under Attack by Banks and Hedge Funds

Stocks and Crypto

Stocks and crypto are falling.

SPY stock (S&P 500) has fallen below $400 per share and is now down more than 17% this year to date.

Bitcoin is down more than 37% this year and has fallen below $30,000 again.

Banks and hedge funds have been selling off both the stock and crypto markets as the need for liquidity rises.

Will stocks and crypto go back up again?

Let’s discuss it.

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

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Banks and hedge funds tank the markets

Banks and hedge funds have been responsible for essentially every market crash in history.

But nothing has truly been done about the systemic risks caused by these financial institutions.

Today we’re seeing the collapse of both stocks and crypto.

Massive selloffs in the market are providing liquidity to institutions in order to keep their losing short positions open.

On top of these fire sales, the amount of shorting has increased to hedge against losses from last year’s bull run.

Short sellers lost billions of dollars last year when the ‘meme stock’ frenzy took over Wall Street.

Today, hedge funds are liquidating the markets to keep up with increased margin requirements this new year.

But at what cost?

Investors invested in great companies are losing money not because of business fundamentals, but because of the lack of regulation in the financial system.

Crypto developers say crypto crash was coordinated

LUNA and UST developers said this week’s crash was caused by a coordinated attack from hedge funds and big banks.

It comes as no surprise since hedge funds and big banks have been colluding to short specific stocks in the market.

The fed has opened investigations looking into these serious issues.

Goldman Sachs’ dark pools are currently under investigation, Archegos founder Bill Hwang was recently arrested with 11 criminal counts, and the list goes on.

Subpoenas went out to several hedge funds and banks earlier this year – one of the hedge funds under investigation is Citadel, according to Bloomberg sources.

Word is spreading on Twitter and Reddit and BlackRock and Citadel are responsible for the massive selloffs in the crypto market too.

Deeper due diligence is being done on this matter.

Citadel or not, coordinated attacks on securities is something the government should be taking seriously.

Will stocks and crypto bounce back?

It’s difficult to look ahead when the markets are bleeding, after all you are seeing your net worth drop quicker than it took for it to reach new heights.

If you’re worried about today’s markets, you might have been introduced to a short-term way of investing.

While certain plays could be short-term trades, majority of the market tends to be a long-term speculative game.

We bet that the companies we’re investing in will do great over the span of 10 years or so and let the markets go through the ups and downs, at least in the case of the stock market.

Crypto has and will always have greater potential than it has previously seen.

And crypto heads know this.

Is this the end of the stock and crypto markets?

Absolutely not.

What we’re seeing today has happened several times over the course of both markets.

After a climb, there’s always some setback that scares investors momentarily.

But if there’s something we can always learn from historic patterns, it’s that stocks and crypto have always gone right back up and set even bigger all-time highs.

Is now the perfect time to buy?

is now the perfect time to buy stocks and crypto?
Is now the perfect time to buy stocks and crypto?

It seems both stocks and crypto are having a difficult time finding a bottom.

And trying to time it has always proven that no one can time the markets perfectly.

Searching for a good entry point could just as likely end up hurting you if the markets were to suddenly go through a reversal.

Skilled long-term investors know that when the markets are red, you buy and hold.

Because the price of securities always goes up after a dreadful period of nonstop downtrend.

The upcoming reversal will have you wishing you’d have stocked up on stocks and crypto today.

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Related: Are Institutions Preparing to Close Short Positions in AMC?

Goldman Sachs’ Dark Pools Are Under Federal Investigation

Goldman Sachs dark pool under investigation
BREAKING: Goldman Sachs dark pool is under investigation

Goldman Sach’s dark pools are under investigation according to an SEC report.

The SEC published a report highlighting what essentially seems to be a deep audit.

This is not the first time Goldman Sachs has been fined or investigated for abusing its power.

Dark pools played a massive part in the recession of 2008, but dark pools were never banned.

Will something finally be done about it this time around?

In this article I’m going to break down everything they’re looking into, starting with Goldman Sachs’ dark pools.

Let’s break it down together.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

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Feds crack down on Goldman Sachs dark pools

The fed is looking into various matters relating to Goldman Sachs’ businesses and operations.

One of which stands out to retail investors as being its dark pools.

The fed is investigating the supervision and controls relating to Goldman’s high frequency trading (HFTs) and its alternative trading systems (ATSs), also known as dark pools.

Dark Pools (also benignly called Alternative Trading Systems or ATS) are effectively unregulated stock exchanges being run by the same megabanks on Wall Street that blew up the U.S. financial system in 2008 and received the largest taxpayer bailout in U.S. history. – Wall Street On Parade.

The name of Goldman Sachs’ Dark Pool that trades in the U.S. is called Sigma X2.

It used to be called simply Sigma X.

According to a publicly-available document, Sigma X is now used by Goldman Sachs to designate the Dark Pools it operates in foreign jurisdictions, which include Europe, Japan, Hong Kong and Australia.

Dark pools are the gateway that allow financial institutions to manipulate the stock market without any regulation.

Now the fed is cracking down on Goldman Sachs and it comes as no surprise since the bank has been criminally charged on many occasions before.

In October of 2020, Goldman Sachs admitted to the charges of a bribery scandal where they were fined $2.9 billion.

Other operations being looked into

The fed is looking into the institution’s advisory services and conflicts of interest.

They are also tackling the following:

  • Research practices, including research independence and interactions between research analysts and other firm personnel, including investment banking personnel, as well as third parties.
  • Transactions involving government-related financings and other matters.
  • The offering, auction, sales, trading and clearance of corporate and government securities, currencies, commodities and other financial products and related sales and other communications and activities.
  • As well as the firm’s supervision and controls relating to such activities, including compliance with applicable short sale rules, algorithmic, high-frequency and quantitative trading, the firm’s U.S. alternative trading system (dark pool), futures trading, options trading.
  • And finally, insider trading.

The SEC said in past years they were tackling dark pools but failed to competently execute the plan.

The issue was brought to the light by the ‘meme stock’ crowd who also exposed naked short selling and received attention by mainstream media.

Dark pools have been able to suppress stock prices across the market from reaching full demand potential.

Gary Gensler said 90%-95% of retails orders do not get processed through the lit exchange (NYSE) but rather through these dark pools.

Goldman Sachs and others have essentially stolen from retail investors as only 5%-10% of retails money actually creates demand for a stock.

For every dollar retail puts in the market, only this small percentage is reflected on a security.

That’s what happens when financial institutions like Goldman Sachs redirects orders through its dark pools.

This is a developing story.

Be sure to join the newsletter for more market news and updates.

View the SEC report here.

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Related: Here's Why It's Taking AMC So Long to Skyrocket

Archegos Founder Bill Hwang Has Been Arrested with 11 Criminal Counts

Bill Hwang has been arrested with 11 criminal counts
Market News: Bill Hwang has been arrested for market manipulation

Archegos founder Bill Hwang and CFO Patrick Halligan were arrested and charged with 11 criminal counts.

Federal prosecutors said Bill Hwang used Archegos as an “instrument of market manipulation and fraud.”

The hedge fund managed to inflate its portfolio from $1.5 billion to $35 billion before its collapse, causing massive losses for banks and investors.

Let’s break down everything that’s happening, together.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

Join the newsletter to become part of an activist group fighting for market transparency!

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Bill Hwang and Patrick Halligan arrested for market manipulation

Bill Hwang gets arrested

Before he lost it all, Bill Hwang was worth $20 billion and was known as one of the greatest traders you could have heard of.

Hwang’s $20 billion net worth was almost as liquid as a government stimulus check.

And then, in two short days, it was gone.

The sudden implosion of Hwang’s Archegos Capital Management in late March is one of the most spectacular failures in modern financial history.

No individual has lost so much money so quickly, via Bloomberg.

Bill Hwang’s wealth briefly peaked at $30 billion.

He used swaps, a type of derivative that gives an investor exposure to the gains or losses in an underlying asset without owning it directly. 

Another leverage tool hedge funds have access to, which concealed both his identity and size of his positions.

You’d think a regulatory agency would exist right?

Don’t count on the SEC.

On March 26th, investors learned that Archegos had defaulted on loans used to build a $100 billion portfolio.

Credit Suisse, one of Bill Hwang’s lenders, lost $4.7 billion.

How did Archegos manipulate the stock market?

Bill Hwang’s Archegos essentially used a ton of leverage to pump stock prices up.

As the price of stocks rose, they would buy more shares with those profits, and continue to borrow money from the bank to further pump the prices.

Archegos only held a small portfolio consisting of a few selected companies, of which whom they had many shares of.

When a few companies’ share prices began to plummet, Hwang’s entire empire crumbled almost instantaneously.

As the value of their portfolio sank, the hedge fund was forced to liquidate even more assets due to margin calls, further escalating the situation, and losses.

Archegos was forced to default, causing investors and banks billions of dollars.

Bill Hwang already had a troubled history with hedge fund Tiger Asia, who was shut down by the U.S. for insider trading and for manipulating Chinese stocks.

Still, Bloomberg vouches for Bill Hwang publishing an article he has done nothing wrong.

What was Bill Hwang charged with?

Hwang and Chief Financial Officer Patrick Halligan were charged with 11 criminal counts overall, including racketeering conspiracy, market manipulation, wire fraud and securities fraud. 

Hwang was arrested early Wednesday and was expected to appear in Manhattan federal court later in the day. 

This is a developing story.

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Hedge Fund Co-Founder Sentenced to Prison Avoids Jail Time

hedge fund avoids jail time
Corruption: Hedge fund avoids jail time – pleads guilty of fraud

(Bloomberg) The co-founder of Premium Point Investments and a former trader pleaded guilty to charges they overstated asset values at the now-defunct hedge fund, but they won’t serve any time behind bars.

Anilesh Ahuja, the fund’s co-founder, and trader Jeremy Shor were found guilty of conspiring to overvalue the hedge fund’s assets by more than $100 million and sentenced to prison in 2019.

However, U.S. District Judge Katherine Polk Failla in Manhattan overturned their convictions in December due to errors and misleading statements by prosecutors.

The pair had faced a new trial but reached a deal with the government allowing them to plead guilty to a single securities fraud count.

Under the deal, which was approved by Failla in a hearing on Friday, the two men won’t serve any prison time, pay a fine or serve probation.

Let’s talk about it.

franknez.com

Welcome to Franknez.com – if you haven’t joined the newsletter, be sure to do that below. I’m publishing market news and updates daily.

Let’s dive right into it!

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Hedge Fund gets away with prison time and fees

hedge fund pledges guilty and gets away with prison time

Before their convictions were overturned, Ahuja was sentenced to more than four years in prison and Shor, almost 3.5.

But their surrender dates were delayed, initially due to the Covid pandemic and later because the judge was considering throwing out the verdict.

As a result, neither man served any part of his sentence.

“We are pleased that Mr. Ahuja can finally put this ordeal behind him without having to spend a day in jail,” his lawyers, Richard Tarlowe and Roberto Finzi, said in a statement.

“After years of litigation, we are pleased to put this matter behind us with no additional punishment beyond the punishment already inflicted by the process,” Shor’s lawyer, Justin Weddle, said in an email.

Federal prosecutor Daniel Gitner defended the deal before the judge on Friday, saying Ahuja and Shor had already made “substantial restitution” to investors. 

“Today’s guilty pleas to securities fraud bring to a close the defendants’ scheme to mismark their funds’ books,” U.S. Attorney Damian Williams said in a statement.

“This office stands by this prosecution, and is pleased that this matter has resolved with the defendants’ acceptance of responsibility.”

“Unacceptable errors”

Hedge fund avoids jail time after being sentences to prison – hedge fund pledges guilty

“I tried my hardest to conduct a fair trial,” Failla said in overturning the verdict.

“I no longer have confidence in the fairness of the trial.”

She declined to dismiss the charges against Ahuja and Shor though, saying that the errors made by the government — while “unacceptable” — were not severe enough to warrant throwing out the case.

Ahuja was a senior mortgage bond trader at Lehman Brothers, RBS Greenwich Capital and Deutsche Bank AG for four years before co-founding Premium Point in 2008.

The firm initially focused on the U.S. residential loan market and began amassing bonds backed by distressed assets in the wake of the global financial crisis.

It later expanded into the jumbo loan and home rental businesses and managed about $2 billion of assets at its peak.

Premium Point began winding down in late 2016 after posting large losses.

The fund revealed the following year that federal securities regulators were examining the way it valued its assets.

Its mortgage credit funds filed for bankruptcy protection in March 2018, and Ahuja, Majidi and Shor were charged two months later.

Former Chief Risk Officer Ashish Dole also pleaded guilty and testified for the prosecution at the trial.

The case is U.S. v. Ahuja, 18-cr-00328, U.S. District Court, Southern District of New York (Manhattan), via Bloomberg.

Should hedge funds be allowed to get away with fraud?

It’s curious how these hedge fund co-founders were sentenced to prison but managed to get away with jail time.

What does this tell us about our system?

Why do you think this happened?

Was the government paid out?

I’m interested to know what you think; leave a comment below.

[Sources]

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What Are Dark Pools in Stock Trading? (AMC)

What are dark pools in the stock market?
AMC Dark Pool

Dark pools are somewhat of a mystery to new retail investors. We hear about them a lot within the AMC community, especially through Trey’s Trades. We know that they allow hedge funds to make undocumented trades behind doors.

So what exactly are dark pools? And, is something being done about them? I want to expose this subject today.

franknez.com dark pool amc

Welcome to Franknez.com – the blog that protects retail investors from FUD media. Today we’re discussing dark pools.

Lets get started!

What is a dark pool?

A dark pool is basically a financial forum or platform for trading stocks or other securities. Dark pools are privately organized and are known to be an alternative trading system.

These ATS’s are seldomly regulated.

The concerns regarding dark pools and AMC Entertainment has been that we simply don’t know what these communities are hiding from the SEC. This slimy strategy is what’s known as backdoor buying and selling.

Why are dark pools used?

Dark pools give hedge funds an advantage in the sense that they are able to conceal their moves. We can only speculate what type of information is being hid from the public here. Details within these dark pools are not accessible by the trading public.

This lack of transparency may allow dark pools to conceal information such as:

  • The illicit activity of naked shorting
  • Explanations behind millions of fails-to-delivers
  • Any discussion regarding malpractice in the market
  • Inaccurate filings and reports

Dark pools can very well be the place where short sellers get together to discuss strategies and the ruining of companies.

It could be the reason why we don’t know how many short sellers are shorting ‘meme stocks’ and other information that would otherwise prove a fair market for both institutions and retail investors.

Is the SEC looking into dark pools?

SEC dark pools gary gensler

In a recent article regarding the high possibilities of automated margin calls, I point out some research I found on Gary Gensler, Chairman of the SEC.

He publicly announces that the SEC has been observing hedge fund activities since January and are taking action to regulate these entities shorting AMC and other ‘meme stocks’.

One of Gary’s proposals states that hedge funds could face 13-F filings. These filings would provide the SEC with insight on equity as well as dark pool disclosure.

I trust we will begin to see this new chairman make the right calls. It’s time for change and our generation will be the ones to make it happen.

Dark pools could explain the low short borrow fee

Could dark pools be the explanation as to why the short borrow fee is so low for hedge funds shorting AMC and GameStop? Now, because so much information is in the shadows, this of course is only speculation.

According to Investopedia, dark pools can charge lower fees than exchanges because they are often housed within a large firm and not necessarily a bank.

dark pools Investopedia
via. Investopedia

Why do these large firms (hedge funds) have this much power in the first place? This advantage is completely deceitful and unruly. It really does make you look at the SEC and think why in the world has no one taken action sooner.

Are dark pools illegal?

Dark pools are not illegal but they are certainly unethical. Per the SEC, we can expect real regulation to surround these exchanges relatively soon.

Bloomberg Tradebook

bloomberg tradebook dark pool SEC

The Bloomberg Tradebook is a dark pool that is owned by Bloomberg LP. Bloomberg is a financial media company that has been trashing AMC Entertainment for quite some time now.

Bloomberg has published FUD (fear, uncertainty, and doubt) articles in efforts to scare people out of their money. This raises questions regarding the ethics of these manipulators who gather behind close doors in order to stray the public from squeezing shorts out of their positions.

Other dark pool exchanges

Institutions such as Morgan Stanley and Goldman Sachs also offer private trading to their clients through the use of dark pools.

The main concern here is that the information that is made public to the SEC can easily be manipulated. Mainly to conceal foul play and inaccurate information.

The information that is available on Stonk-O-Tracker regarding AMC and dark pools is the percentage of trading within these forums/exchanges; which is usually relatively high.

How does this affect AMC stock?

AMC stock

These private exchanges may be illegally trading naked shares behind close doors refraining AMC’s stock price from further climbing. Although AMC is up nearly 3000% year-to-date, hedge funds continue to attack it through sell walls and short ladder attacks.

And since these private forums could potentially have been getting away with inaccurate reports, the possibility of foul play in the market is certainly there.

AMC Dark Pool Trading

Andrew Hiesinger, CEO of Quant Data took to Twitter to expose AMC’s current dark pool trading volume.

Quant Data provides retail investors with real-time options order flow, alerts, dark pool prints & levels, and news. There has been approximately 34 million shares exchanged in dark pools just in today’s trading day (8/18).

This equates to $1,268,475,800.46 in notional value, says Andrew.

Andrew Hiesinger AMC Dark Pool Data

64.21% of trading in dark pools won’t allow AMC’s stock price to reflect the actual price action. This primarily because this amount of trading is done behind closed doors where buy orders aren’t being reported.

This form of manipulation is clouding AMC’s real share price. #DarkPoolAbuse has been trending on Twitter.

Bookmark this article for updated news on dark pool abuse in AMC.

How can retail investors fight these predatory trading practices?

Retail investors have several advantages over hedge funds shorting AMC and other ‘meme stocks’. The community must stay the course if they are to squeeze these short sellers out of their positions.

Not only are hedge funds losing billions, but the SEC has finally begun to implement new regulations that could automate margin calls in overleveraged accounts. I’m personally not worried. These house of cards are falling at the times they should.

Read: 6 things retail investors holding AMC stock should know

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Yahoo Pumps Fake AMC Token Created by Scammers

Yahoo Pumps Fake AMC Token Created by Scammers

Recently we’ve seen an AMC token surface in the ‘ape’ community known as TAMC, or $xAMC.

Do not fall for this scam.

This is in no way, shape, or form from the community or by the community.

Does it come as a surprise that Yahoo is pumping this fake AMC token?

Not at all.

Yahoo Finance has been attacking AMC, GameStop, and the community for over a year now since the short squeeze topic has created a movement in the retail community.

This is a different type of low.

Let’s break it down together.

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Yahoo promotes fake AMC token created by grifters

AMC Token

The AMC Token, aiming to be the next 1000xgem in the crypto space, is starting its adventure with a unique fair launch event held on April 30, 2022, on Pink Sale Finance official link attached below; the invitation is for all the interested Apes/Investors to this extraordinary event.” – Yahoo Finance

Yahoo is promoting a fake AMC token that has the potential to destroy investors’ finances.

The mere pump of such a scam by a mainstream platform such as Yahoo is quite disturbing.

We’ve seen corporate media deteriorate their reputation amongst the retail community in the past year and months.

Agendas such as this one is not uncommon as the media has been trying derail investors from buying AMC stock; hoping to extinguish any chance of a short squeeze.

Who started xAMC token?

Grifters is the account promoting the fake AMC token on Twitter.

The user recently joined the social media platform only one month ago, no surprise there.

The definition of a grifter on its own is already a con-artist, or a dishonest gambler.

Here we see a puppet on social media promoting this page’s scam within the ‘ape’ community.

Grifters scammer

This account joined Twitter in April of 2022, this month.

They ‘like’ and retweet comments from retail investors in the ‘ape’ community but only promote this fake AMC token.

xAMC token

Yahoo says the AMC Token fair launch aims to craft a wider distribution and an effective price discovery.

“The project will not set a dollar price for the tokens; demand and supply in the fair launch event will. No Pre-Sale, Initial Coin Offering, Seed Round, or Whitelist before fair launch is completed; everyone has the same opportunity to acquire The AMC Token (TAMC) from day one.”

Why is Yahoo pumping this token from grifters?

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

Just please keep it clean for Google.

Grifters helps scammers with their technical and marketing needs while helping them rug pull at ease.

A rug pull is essentially when a token is pumped and then the creators dump all the tokens cashing in from the pump while everyone else loses all their money.

Similar to what we saw with dogecoin influencer Matt Wallace on his own token earlier this month.

Yahoo and scammers promote Ethereum network on fake token ‘by apes’

Both Yahoo and scammers are promoting the fact that this AMC token is using the Ethereum network.

The excerpt above is from Yahoo.

This image of the token pumping has been promoted on Twitter to get retail investors in the ‘ape’ community interested in this scam.

As you can tell from the image, the AMC token is displayed as xAMC/ETH since it is indeed based on the Ethereum network.

The screenshot is from the grifter community, also being promoted by Yahoo.

Here is Yahoo’s article touching topic on this scam.

What’s curious is that Yahoo has never spoken out against malpractices in the system but hits it on the nail as they promote this scam.

The image is embedded for record purposes.

Don’t get scammed by Yahoo and Grifters

Community, campaigns such as this one will happen in order to divert retail from maintaining focus on a short squeeze play.

What does this tell you?

The suits behind these campaigns are in a world full of pain.

Retail investors have caused hedge funds to lose billions of dollars on heavily shorted stock such as AMC and GameStop.

Should this tactic be illegal?

Absolutely.

But it isn’t.

The best thing you can do for you and your family is to do your research first before jumping in on a scam such as this AMC token being pumped by Yahoo and social media grfiters.

Share this article to raise awareness in the community.

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Is the SEC Complicit to Market Injustices?

Is the SEC Complicit to Market Injustices?
SEC Chairman Gary Gensler, SEC 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 Stewart, the SEC Chairman merely smiles with no response when confronted about why he’s not doing anything about hedge funds abusing the market.

Many retail investors gave Gary Gensler the benefit of the doubt but after the Jon Stewart interview and cancellation of NSCC-2021-010, it’s hard to believe the SEC is on retail’s side.

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The SEC is very well aware of the issues at hand

Retail investors were told naked shares didn’t exist, and that dark pool trading was a myth.

That is until sophisticated tools have allowed retail investors to see a hint of what’s happening behind the scenes.

The use of naked shorting has been publicized on national television and dark pool trading has also publicly discussed about.

In a Bloomberg exclusive, Gary Gensler said 90%-95% of retail orders are not processed through the lit exchange but rather traded in dark exchanges.

So, while corporate media tried to gaslight investors, the cat has been out of the bag and the SEC knew this all along.

Retail investors have stressed their concerns to regulators on Twitter such as the @SECGov, @GaryGensler, @DOJCrimDiv, and even the @FBI.

The community needs more leverage.

Personalities unite

While personalities such as Jon Stewart and Charles Payne have spoken out against the injustices in the market, the community needs more influencers to speak out against these issues.

Elon Musk has in the past spoken out against the incompetence of the SEC.

He is now the number one shareholder of Twitter stock and has even joined the Twitter board.

Elon for president?

Jokes aside, it takes courage to stand up against injustice in any system.

A community member reached out today with a petition to remove AMC and GME from dark pool trading.

You can view the petition and vote for it below.

Rule 304a4 suspends a NYSE stock from trading in ATS’s, or alternative trading systems such as foreign exchanges and dark pools.

304a4 would allow AMC and GME to trade in the lit exchange for 12 months as long as the commission deems that such action is necessary in the public interest and is consistent with investor protection, per the reform founded here.

I’m pro voting if it means taking a chance on change.

#UseRule304a4Now

The people must force regulators to enforce the rules

SEC

Is there another less aggressive way to say that?

I couldn’t think of one without being intentional about the delivery of that statement.

The retail community has stayed calm, but 90%-95% of every dollar you’ve put in AMC or GameStop is being used against you.

How do we get a dog owner to clean up their dog s#*%?

While tweeting to raise awareness on social media is effective in many ways, it’s simply not enough.

Retail investors must organize petitions to amplify the message.

The important thing here is to refrain from protesting, at least at this stage of negligence.

What’s at risk?

While there are risks in the market, there is also preventable damage in the market that the SEC is neglecting.

This preventable damage is caused by market manipulation in a pay-to-play system where financial institutions lobby congress to bend rules and policies in their favor.

Businesses, shareholders, and the economy take a toll as a consequence.

This is something Jon Stewart brought up to Gary Gensler to which he had no real honest regard to it.

The risks are felt by shareholders worldwide.

Is the SEC complicit to market injustices?

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Or has a system been created solely as a facade where even their own employees don’t realize it?

Retail investors are facing a real issue and they must prevent it from being swept underneath the rug.

I’d love to hear your thoughts on the matter.

Leave a comment below.

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