Virtu is Suing the SEC Over Records Request
Virtu Financial Inc is suing the SEC, alleging on Tuesday its primary regulator had not responded to a public records request. Virtu, a market maker with a large equities business, said it submitted a Freedom of Information Act (FOIA) request in June to…
Citigroup Has Been Shorting AMC for Over a Year
Citigroup is giving AMC Entertainment a salty $1.20 price target after shorting the stock the past year. The institution has filed a 13F-HR form disclosing ownership of 158,173 shares of AMC Entertainment Holdings, Inc. The holdings are valued at $1.1…
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…
AMC FTDs Top 51.6 Million This Year Through June
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.…
JP Morgan Manipulated Gold to Keep Hedge Funds Happy
An ex-trader says JP Morgan spoofed gold to keep hedge funds happy. He says client orders made a lot of money for the bank. Big hedge funds like Moore Capital Management and Tudor Capital Corp. were so important to JPMorgan Chase…