The Retail Community Says FINRA is Corrupt
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…
Chairman Gensler Says He Understands Retail’s Frustrations
In an interview with We The Investors, SEC Chairman Gary Gensler says he understands retail investors’ frustrations. Hosted and led by Dave Laurer, a We The Investors panel had direct communication for the first time with Gary Gensler, representing…
The SEC Names MMTLP In Pump and Dump Scheme Lawsuit
According to the SEC, MMTLP is one of the tickers Atlas Trading was pumping. The SEC recently charged a trading group, including @MrZackMorris for pumping a variety of stock tickers on their discord, per Bloomberg. Regulators are saying eight members of…
Here’s How FINRA Has Failed Retail Investors
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…
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…