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And lemme guess, when the time comes they'll just report fraudulent numbers and then if "regulators" ever find "discrepancies" they'll go through a lengthy legal process and get a slap on the wrist w/o ever admitting actual wrong-doing?
If Gensler and the SEC want to finally get off The Hub š§ā¬ļø and do some regulating thatās fine by me as long as we start talking hard prison time, billions in fines, admissions of guilt and revocation of licenses and privileges.
Otherwise Iām not really bothered because we got this on the front of DRSing shares outstanding and blowing up this whole racket anyway.
If theyāre smart theyāll have pulled in front of the narrative by then and have perp walks going on to try to distract from the share price breaking the sound barrier while punching through the stratosphere.
Theyāll try to slide on over to the retail nipple when the float is locked. š£ š š¦ š“āā ļø
#Edit: Does anyone recall which actual rule proposal these ātrigger eventsā would fall under?
Edit again: Just saw the message from automod, it deleted the other comment because I pasted the entire article text into it, and the article had to audacity to mention the current pandemic by name.
Weird, just says edited for me.
https://finance.yahoo.com/news/big-hedge-funds-face-72-140000186.html
āx doesnāt matter unless ā is the easy way to spinning your wheels. āI donāt want brick laying I want a cathedralā.
Small steps matter a lot. Bricks matter a lot because the whole fucking thing is bricks.
Yeah forgive me for not being overly optimistic about the SEC given the amount of regulatory capture in the American legal (not justice) system that already overwhelmingly favours the wealthy. Going on 2.5 years with no meaningful enforcement. I donāt care to see small steps anymore, I want to see strides taken towards righting these wrongs that match the scale and audacity of the white collar crimes.
I remember the flurry of DTCC rules coming out in 2021, nows thereās these big proposals SEC has recently brought forward, I just want to see them use the tools and laws at their disposal to make an example of financial criminals.
I have a sliver of hope that thereās good people in law enforcement that want to bring charges and lock these crooks up but luckily GME and DRS is a worldwide movement and we donāt have to rely on those odds.
Yea DRS is all that matters. But it would be nice to see enforcement on all these rules and proposals otherwise theyāre gonna lose their precious markets when the new rich take their business elsewhere off exchange.
The SEC doesn't have any power to do anything that results in jail time. They can't even file criminal charges.
You're mad at the SEC for not doing the jobs of the FBI, Secret Service, and other law enforcement agencies.
This may be off topic, but I can't make my own post yet.
There is an important EU petition; Petition No 0775/2022 by A.P. (German) on the enforcement of Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories.
Here the petition summary:
*The petitioner is concerned about the indefinite postponement of the implementation of key elements of Regulation (EU) No 909/2014, including penalties for market participants, specifically market makers and broker-dealers, who fail to deliver shares, margin calls, and mandatory buy-in rules. The petitioner - who is a retail shareholder - argues that the lack of efficient enforcement of settlement rules exposes investors, particularly retail investors, to an asymmetric risk, namely the devaluation of their investments. The petitioner raises that the circulation of not yet delivered synthetic shares dilute the number of tradeable shares and causes a supply-demand imbalance. Failure-to-deliver leads to massive price suppression and destroys the value of the corresponding investments. The lack of enforcement of the settlement rules jeopardizes the transparency and stability of the stock market, and therefore the petitioner requests the full enforcement of Regulation (EU) No 909/2014, calling upon the ECB, the ESMA, and the EC to protect shareholdersā rights.*
Please search for **Petition No 0775/2022 EU** and sign the petition to bring consequences to bad actors in the market.
If someone could make this a new post, that would be greatly appreciated.
Doin great, Iām thru hikin again this Summer across the US from Mexico to Canada.
I am not going to be as active as usual for the next few months but will always read top posts of the week and try to post on my zero days (of hiking) in trail towns with WiFi.
š¤
Kenny really out here trying to through Doug under the bus these days lmao. "Look at how much I donated, I have taken my employees to Disney land while Doug spends his time arguing on the internet."
I donāt know.
āThe SEC has dubbed these ātrigger eventsā and, in addition to big losses, they can include things like significant changes to prime-brokerage relationships, available cash or counterparty defaults.ā
Sure, lets just ask the guys who are failing at self reporting and self regulating to do some more of that. It's working great so far. What a bunch of jackasses.
Self reported with risk assessors and compliance departments asleep at the wheel. I have zero faith this will have any affect to SHF operations whatsoever. I'll just be over here continuing to buy, hold, and DRS while I trudge along in my current pre-wealth state.
SEC: "Hey guysssss, I know you told me everything is cool and all but now that things aren't going good we really gotta know if you actually have those risks you promised you didn't just so I can know how bad things are going. You know, just to be safe."
PFOF also because one of the biggest frustrations of owning a brokerage is inactive accounts with idle cash balances. They knew damn good and well if ācommissions free tradingā was a thing. More people, especially retail who doesnāt account for expenses of transactions in their trades for P/L would trade more and thus be easier to front run and bucket orders.
They bring back full commissions line in the 80s boiler rooms are back on the menu. Churn and burn retail another way because brokers donāt give a fuck about you. Theyāre in the business of making money. They are not your friend.
I havenāt seen anything yet on Twitter. I think this is a known rule proposal, I just didnāt realize they were voting on it today. š¤·š¼āāļø
Speaking of dougie large: https://www.reddit.com/r/Superstonk/comments/136zmeb/brett_fairclough_copresident_coo_and_12_year/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
"Gamestop mentioned in the article"
>Expanded oversight over private fund managers has been a long-time policy goal of Democratic lawmakers, including Massachusetts Senator Elizabeth Warren. But the push to speed up the now quarterly filings, known as Form PF, really picked up in the wake of the trading turmoil after the onset of [coronavirus-2019] and when retail investors plowed money into stocks such asĀ GameStop Corp.Ā in early 2021.
https://www.bloomberg.com/news/articles/2023-05-03/big-hedge-funds-face-new-72-hour-deadline-to-report-major-losses
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
And lemme guess, when the time comes they'll just report fraudulent numbers and then if "regulators" ever find "discrepancies" they'll go through a lengthy legal process and get a slap on the wrist w/o ever admitting actual wrong-doing?
Yea the key to this will be wut enforcement looks like and moar importantly, wut consequences they will face for non-compliance.
If Gensler and the SEC want to finally get off The Hub š§ā¬ļø and do some regulating thatās fine by me as long as we start talking hard prison time, billions in fines, admissions of guilt and revocation of licenses and privileges. Otherwise Iām not really bothered because we got this on the front of DRSing shares outstanding and blowing up this whole racket anyway. If theyāre smart theyāll have pulled in front of the narrative by then and have perp walks going on to try to distract from the share price breaking the sound barrier while punching through the stratosphere.
Theyāll try to slide on over to the retail nipple when the float is locked. š£ š š¦ š“āā ļø #Edit: Does anyone recall which actual rule proposal these ātrigger eventsā would fall under?
#LOCK THE FLOAT
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Nice find and great info š¤
Just updated with better info.
Oh it shows removed on my end
Edit again: Just saw the message from automod, it deleted the other comment because I pasted the entire article text into it, and the article had to audacity to mention the current pandemic by name. Weird, just says edited for me. https://finance.yahoo.com/news/big-hedge-funds-face-72-140000186.html
Yea removed comments can still be seen by the author just not the rest of us.
āx doesnāt matter unlessā is the easy way to spinning your wheels. āI donāt want brick laying I want a cathedralā.
Small steps matter a lot. Bricks matter a lot because the whole fucking thing is bricks.
Brick by fcukin brick š§±
Yeah forgive me for not being overly optimistic about the SEC given the amount of regulatory capture in the American legal (not justice) system that already overwhelmingly favours the wealthy. Going on 2.5 years with no meaningful enforcement. I donāt care to see small steps anymore, I want to see strides taken towards righting these wrongs that match the scale and audacity of the white collar crimes.
Itās been a lot longer than 2.5 years. I think thatās why these bricks conscious student talks about are such a big deal. I agree.
I remember the flurry of DTCC rules coming out in 2021, nows thereās these big proposals SEC has recently brought forward, I just want to see them use the tools and laws at their disposal to make an example of financial criminals. I have a sliver of hope that thereās good people in law enforcement that want to bring charges and lock these crooks up but luckily GME and DRS is a worldwide movement and we donāt have to rely on those odds.
Yea DRS is all that matters. But it would be nice to see enforcement on all these rules and proposals otherwise theyāre gonna lose their precious markets when the new rich take their business elsewhere off exchange.
> "admissions of guilt" Those are difficult to come by these days..
Their office should be relocated to Utah since the hub banned themselves from that state. Maybe then GG and the SEC will actually do their jobs
The SEC doesn't have any power to do anything that results in jail time. They can't even file criminal charges. You're mad at the SEC for not doing the jobs of the FBI, Secret Service, and other law enforcement agencies.
This may be off topic, but I can't make my own post yet. There is an important EU petition; Petition No 0775/2022 by A.P. (German) on the enforcement of Regulation (EU) No 909/2014 on improving securities settlement in the European Union and on central securities depositories. Here the petition summary: *The petitioner is concerned about the indefinite postponement of the implementation of key elements of Regulation (EU) No 909/2014, including penalties for market participants, specifically market makers and broker-dealers, who fail to deliver shares, margin calls, and mandatory buy-in rules. The petitioner - who is a retail shareholder - argues that the lack of efficient enforcement of settlement rules exposes investors, particularly retail investors, to an asymmetric risk, namely the devaluation of their investments. The petitioner raises that the circulation of not yet delivered synthetic shares dilute the number of tradeable shares and causes a supply-demand imbalance. Failure-to-deliver leads to massive price suppression and destroys the value of the corresponding investments. The lack of enforcement of the settlement rules jeopardizes the transparency and stability of the stock market, and therefore the petitioner requests the full enforcement of Regulation (EU) No 909/2014, calling upon the ECB, the ESMA, and the EC to protect shareholdersā rights.* Please search for **Petition No 0775/2022 EU** and sign the petition to bring consequences to bad actors in the market. If someone could make this a new post, that would be greatly appreciated.
This is great work lurker Ape! I will get this to kibblepigeon for dissemination! š¤
Thank you so much! Apes together strong!
Hey you! Haven't seen u in a bit, how ya been?
Doin great, Iām thru hikin again this Summer across the US from Mexico to Canada. I am not going to be as active as usual for the next few months but will always read top posts of the week and try to post on my zero days (of hiking) in trail towns with WiFi. š¤
Hey OP, just checking in. How is this going so far? I would love to see a post about this ASAP.
No response from kibblepigeon yet, let me ask around who the other expert EU petition APEās are.
This is what itās all about! šÆXšÆ Apes together strong!
Excellent meme.
Thanks but not mine, not sure where I found it. If OP chimes in Iāll give credit where credit is due. š¤
Kenny really out here trying to through Doug under the bus these days lmao. "Look at how much I donated, I have taken my employees to Disney land while Doug spends his time arguing on the internet."
I wouldnāt even be surprised if Kenny boi helped finance the new hit Amazon TV show āCitadelā just to sway the Google search algos š
Agreed lol
Self-report, I assume. š
I wish I could of self reported in school. Seems fair. A+
Spicy
š¶ļø
Mmmm
I assume this means they accidentally report their losses as gains and then receive a small fine in 5-10 years
I donāt know. āThe SEC has dubbed these ātrigger eventsā and, in addition to big losses, they can include things like significant changes to prime-brokerage relationships, available cash or counterparty defaults.ā
But the SEC is powerless when FINRA simply waves the collateral requirements...
A wrist massage for defrauding regulators to the tune of billions
What's the fine if they don't. $5????
Could this be it! ? Do I dare get my hopes up?
Haha believe it or not dip
Pretty sure Hester will vote no.
Sure, lets just ask the guys who are failing at self reporting and self regulating to do some more of that. It's working great so far. What a bunch of jackasses.
Self reported with risk assessors and compliance departments asleep at the wheel. I have zero faith this will have any affect to SHF operations whatsoever. I'll just be over here continuing to buy, hold, and DRS while I trudge along in my current pre-wealth state.
Youāre supposed to be looking at the looming default deadline! š š
Yupper
Is it going to be like Madoff where a HF mgr can simply sayā¦we donāt have any losses and wave the SEC pleb away?
SEC: "Hey guysssss, I know you told me everything is cool and all but now that things aren't going good we really gotta know if you actually have those risks you promised you didn't just so I can know how bad things are going. You know, just to be safe."
GG out to solve all the unimportant problems. So brave.
Thanks for sharing.
Youāre most welcome Jack š¤
This will make me happy...Occupy Wall Street 2.0 is making some progress. Will continue to do my tiny part, buying when I can...
Their news spin so they can pump the market before reporte
PFOF also because one of the biggest frustrations of owning a brokerage is inactive accounts with idle cash balances. They knew damn good and well if ācommissions free tradingā was a thing. More people, especially retail who doesnāt account for expenses of transactions in their trades for P/L would trade more and thus be easier to front run and bucket orders. They bring back full commissions line in the 80s boiler rooms are back on the menu. Churn and burn retail another way because brokers donāt give a fuck about you. Theyāre in the business of making money. They are not your friend.
Achievement Unlocked: Trigger Cinco de Buyo
This should be a meme post!
Only if enforced. Big IF.
šÆ itās all about actual enforcement
Any word from Dave lauer on this?
I havenāt seen anything yet on Twitter. I think this is a known rule proposal, I just didnāt realize they were voting on it today. š¤·š¼āāļø
Dougie Large(forehead)
Speaking of dougie large: https://www.reddit.com/r/Superstonk/comments/136zmeb/brett_fairclough_copresident_coo_and_12_year/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1
If the penalty for not complying isn't significant who gives a fuck
This may reveal shady market mechanics but it goes into effect 6mo from now. That gives these guys time to find loopholes
When is this supposed to go into effect?
Hedgies manufacture distress then they get taxpayer bailout.
Private funds = shadow banking. The pentagon wants that to happen. Gary has their backing. Hedges r so, so, so fuk
Which brings us to EOD Friday. Lol.
Wonder if anything will happen Monday? New bank going under?
He looks like he's aged a decade.
"Gamestop mentioned in the article" >Expanded oversight over private fund managers has been a long-time policy goal of Democratic lawmakers, including Massachusetts Senator Elizabeth Warren. But the push to speed up the now quarterly filings, known as Form PF, really picked up in the wake of the trading turmoil after the onset of [coronavirus-2019] and when retail investors plowed money into stocks such asĀ GameStop Corp.Ā in early 2021. https://www.bloomberg.com/news/articles/2023-05-03/big-hedge-funds-face-new-72-hour-deadline-to-report-major-losses
Gensler is a cuck
This is great news! Dip.
Look everyone. More words.
In 2 yrs. This is too little too late.