Tag: Naked Shorts

AMC Failure-to-Delivers Are Skyrocketing Through the Roof

Market News: AMC Failure-to-delivers rise in February.
Market News: AMC Failure-to-delivers rise in February.

AMC failure-to-delivers (FTDs) have been begun to rise again.

FTDs topped 6.8 million in February (non-cumulative), amounting to more than $36 million in failed to close orders.

The data is still being reported which means there’s a possibility we may see higher FTDs once February’s entire month has been processed.

AMC failure to deliver
AMC FTDs – Stocksera.

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-delivers can occur in options trading or when selling short naked, per Investopedia.

According to Investopedia, AMC failure-to-delivers can also occur if there is a technical problem in the settlement process carried out by the respective parties (clearing houses).

Investors say there’s a major conflict of interest when Citadel Clearing LLC processes retail orders worldwide.

Are AMC’s FTDs a result of naked shorting?

Majority of the retail community seems to think so.

Companies are even beginning to take legal action against the predatorial short selling strategy.

GNS CEO Shares Petition to End Naked Shorting

Recently, Genius Group ($GNS) CEO Roger Hamilton shared a petition to end naked shorting in the market.

The Naked Shorts War activist urged the retail community to sign it in efforts to raise awareness of manipulative tactics that occur in the market every day.

“They’re predators. They’re doing something illegal, and we want it to stop”, says GNS CEO Roger Hamilton.

The Board of Directors of Genius Group Limited, a leading entrepreneur edtech and education group, approved at a meeting of the Board held on Wednesday 18th January 2023, an action plan to address illegal short selling of its stock.

AMC shareholders have criticized AMC CEO Adam Aron for not addressing the manipulation in AMC Entertainment stock.

This action plan includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.

Waging war against naked shorts is something that won’t succeed so easily, but raising awareness is a sure way to start.

Related: $GNS, $MMTLP, Taking Regulators and Manipulation Head On

Are All AMC FTDs Caused by Naked Shorts?

SEC Chairman Gary Gensler has said in the past that FTDs aren’t always the result of naked shares — but that’s as much as he’s mentioned the term.

FTDs can also result in buyers not having the funds to cover costs during execution of a security, though for retail investors this is a very unlikely scenario.

The stock market has seen its fair share of manipulation throughout the decades.

Institutions can spoof the market with ‘naked shares’ to move the price without ever having to take accountability for any real asset.

They can also lend shares they don’t own as IOUs and never have to take accountability when it comes to delivering them but rather simply reporting them as failure-to-delivers.

So, there are certainly loopholes our regulators must take into account.

And as far as the retail community is concerned, our regulators know all too well what’s occurring in the market.

Putting pressure on these regulators could be the first steps towards creating real change in the near future.

Retail investors might just be the ones to make history this decade.

Related: The SEC Green-Lighted Naked Shorting of IPOs in 2015

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Genius Group Launches Phase 2 Legal Battle Against Naked Shorts

Genius Group Stock News Today - $GNS launches phase 2 in legal battle against naked shorts.
Genius Group Stock News Today – $GNS launches phase 2 in legal battle against naked shorts.

Global Newswire Genius Group Limited (NYSE American: GNS) (“Genius Group” or the “Company”), a leading entrepreneur edtech and education group announces the launch of legal action against illegal trading activities in the company’s shares.

The Company has previously disclosed that it has retained the legal teams of Christian Levine Law Group, LLC, (“Christian”) and Warshaw Burstein, LLP, (“Warshaw”), both of whom have specific expertise in stock fraud and illegal trading litigation, to investigate possible illegal market manipulation of the company’s shares.

Following analysis by the legal teams and share tracking companies ShareIntel and BuyIns.Net, the Company’s Illegal Trading Task Force has instructed Christian and Warshaw to commence legal actions where appropriate against various parties and to seek to recover liquidated damages for the cost incurred on the company.

Roger Hamilton, CEO of Genius Group, said:

“The company is currently pursuing a combination of negotiations, legal action and shareholder actions with an aim to minimize and recover the costs that illegal market manipulation has had on our share price. 

These activities are ongoing. At the same time, Genius Group, it’s staff, faculty and partners remain focused at the long term success and growth of the company.

We are committed to take all necessary measures to protect ourselves and our shareholders from bad actors and will not stop until we have achieved our objectives.

We thank our shareholders for their ongoing support.”

Roger Hamilton Shares His Story with Retail

Roger Hamilton NYSE
Roger Hamilton at NYSE – GNS stock news today.

$GNS CEO Roger Hamilton walked us through how he was able to identify naked short selling in Genius Group and shares his thoughts on why he thinks they were targeted.

“I don’t think we’re special, I personally think there’s thousands and thousands of companies out there and everyone that I’ve spoken to says the number of companies that have gone bankrupt over the last 20 years because of this is in the thousands.

We just happen to be one of the companies recently that has gone more vocal about it. At the time when Patrick Byrne was getting vocal there weren’t enough people brave enough to stand up at that point or even be aware this stuff was happening.

So, it was easy for basically the media campaign against him to say he was just a crazy guy. It’s much more difficult when you got dozens of CEOs all saying together to say they’re all crazy”, said Roger Hamilton in a space call with retail investors.

Roger Hamilton listed Genius Group as a means to provide its employees with the opportunity and right to own a part of the company they work for.

You can listen to the full interview below.

Related: $GNS, $MMTLP, Taking Regulators and Manipulation Head On

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Market News Today: Genius Group Stock News, GNS Stock News.
Market News Today: Genius Group Stock News, GNS Stock News.

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Naked Shorting: Roger Hamilton Reaches out to AMC CEO

Market News: GNS CEO Roger Hamilton reaches out to AMC CEO.
Market News: GNS CEO Roger Hamilton reaches out to AMC CEO.

Genius Group (NYSEAMERICAN:GNS) CEO Roger Hamilton reached out to AMC Entertainment (NYSE:AMC) CEO Adam Aron on Twitter to join forces and fight naked shorting together.

Just last week, Global Tech Industries Group (OTCMKTS:GTII) took legal action against naked shorts.

The Nevada corporation announced on Monday that its board of directors has authorized management to move forward with appropriate legal action in connection with what it believes to be illegal trading activity in the Company’s shares.

Roger Hamilton’s GNS was the first to publicly take action against manipulative short selling in the market.

The company’s plan of action includes creating a Board-led ‘Illegal Trading Task Force’ to actively pursue all possible actions together with the regulators in their discovery and prosecution of persons engaging in market manipulation involving the ordinary shares of Genius Group.

This Task Force will be led by Timothy Murphy, a Genius Group Director and former Deputy Director of the F.B.I., Richard Berman, also a Genius Group Director and chair of the Company’s Audit Committee, and Roger Hamilton, the CEO of Genius Group.

The Company has been in communication with government regulatory authorities and is sharing information with these authorities to assist them.

Now the CEO is urging AMC CEO Adam Aron to join the fight as retail investors show their strong support towards fighting for fairer markets.

Adam Aron Responds to Roger Hamilton

Market News: GNS CEO Roger Hamilton reaches out to AMC CEO.
Market News: GNS CEO Roger Hamilton reaches out to AMC CEO.

“I messaged Adam Aron and got both 👍&👎”, said Roger Hamilton on Twitter.

A poll shows that 75% of market participants say a CEO reaching out to another CEO in regard to naked shorting should ‘stand up’, oppose to stand down.

Many retail investors are in favor of companies and CEOs raising awareness of manipulation short selling in the market.

Adam Aron has said in the past that he’s seen no evidence of so-called synthetic shares.

The CEO has remained skeptical despite millions of shareholders raising awareness of Wall Street’s deceptive practices over the years.

Adam Aron is focused primarily on the fundamentals of his company rather than taking on the role of an activist in the community.

But Adam Aron is also tied down to an extent, limited by what he’s allowed to say and isn’t.

AMC’s CEO is binded by covenants that could result in serious legal damage to the company if breached.

The unfortunate reality is that the banks that are providing AMC Entertainment with its lifeline are also shorting the company.

“It may boil down to this. Many of you are frustrated, strongly urging us to address market forces that you are convinced are unfair. We continuously think about what actions would be wise and CREDIBLE. Certainly good ideas: Build up our cash reserves and smartly lead AMC forward,” said Adam Aron on Twitter.

Leave your thoughts below

There’s no question Wall Street has used predatorial practices against retail investors for decades now.

Chairman Gensler has said it’s not a leveled playfield for retail.

Naked shorting has been an incredibly big topic in the world of ‘meme stocks’ as the demand for shares has been suppressed by financial institutions through various loopholes.

What are your thoughts on GNS CEO Roger Hamilton reaching out to Adam Aron?

Do you think AMC’s CEO is in a tight bind or do you think he’s not paying enough attention to what’s happening in the world of retail investors?

Leave your thoughts below.

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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.


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You can now read exclusive FrankNez articles for only $1/mo.

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  • Get drawn at the end of the year for holiday giveaways.


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