The Bartlett Warehouse fire seems to be a records storage facility owned by TD Ameritrade Inc.
The retail community finds it incredibly suspicious since the incident occurred after the SEC announced 60 hedge funds were to undergo investigations for manipulative short selling.
The address of the Bartlett Warehouse fire can be traced through SEC reports below.
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Bartlett warehouse fire news video
The warehouse caught fire on Thursday morning, February 3rd.
Officials say the warehouse was stacked floor to ceiling with boxes of documents which further fueled the fire, via ABC7 Chicago.
The Bartlett Fire Chief anticipates the fire to be a multi-day event.
The cause of the fire is undetermined.
This news has retail investors baffled as the location of the building, 1200 Humbracht Circle matches an SEC filing tied to TD Ameritrade, the broker company.
Bartlett Warehouse Fire Address
Now, what makes the news rather interesting is that the storage company “Access”, is not filed as the owner of the warehouse.
After doing some thorough research, the retail investor community found that the warehouse actually pertains to TD Ameritrade.
Here’s the SEC report below.
You might be asking, well why is this even significant?
The SEC and DoJ have initiated an investigation on hedge funds in regard to illegal short selling activity.
Retail investors find it rather curious that a warehouse linked to the trading broker TD Ameritrade casually burned to the ground after the news of investigations surfaced.
According to Charles Gasparino, the Department of Justice is currently looking at 60 firms for illegal short selling practices.
This is a developing story.
Is there a connection between the two?
Retail investors over at Reddit have many mixed opinions on the matter.
Hedge funds have been under heavy scrutiny from retail investors.
More specifically from the AMC and GME community after the ‘meme stock’ frenzy early last year, 2021.
Hedge funds have been able to suppress the share price of both these stocks through predatorial short-selling strategies.
In a Bloomberg exclusive, Gary Gensler states 90%-95% or retail market trades do not go through the lit exchange, but rather through dark pools.
If you have not read the full article, you have to read it here.
Is something being covered here?
Leave your thoughts in the comment section below.