Discover and read the best of Twitter Threads about #FINRAfraud
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(1) #FINRAFraud : are you interested or impacted by the scandal ongoing re #FINRAFraud on Wall Street? Need/want more info re #FINRA corruption? Post 2008 I spent yrs investigating FINRA, SEC et al and literally 'wrote the book' In Bed with Wall Street: amazon.com/Bed-Wall-Stree…
(2) The index is extensive. I name names + follow the $$. The corruption exposed is very real. Information is everything. What do people need to understand?
" the average American still fails to grasp what was―and still is―happening: that the inmates continue to run the asylum.
" the average American still fails to grasp what was―and still is―happening: that the inmates continue to run the asylum.
(3) Doyle has been tracking this story for years, and exposes here how Wall Street, politicians, and regulators themselves have conspired for personal and industry-wide gains while failing to protect investors, consumers, and the American public. He details the corrupt nature of
Hello, my name is Marduk and I am calling in regards to the horrendous situation surrounding stock symbol $MMTLP. It was a placeholder dividend that was made tradeable against the wishes of the issuing company and allowed to trade for 14 months on the OTC markets.
5 days before it was supposed to go private, FINRA halted it due to what they referred to as an extraordinary event.
It has been 115 days and thousands upon thousands of investors around the world have neither their money, nor proof that in fact they have their shares in the private company.
To understand the magnitude of this whole situation, one must understand all variables, including you
@FINRA!
The amount of $MMTLP short interest is DIRECTLY TIED TO $TRCH (now $MMAT) common stock that was short going into the merger back in June of 2021.
@FINRA!
The amount of $MMTLP short interest is DIRECTLY TIED TO $TRCH (now $MMAT) common stock that was short going into the merger back in June of 2021.
And to preface this whole thing let's just remember one, very, VERY IMPORTANT FACT!
@nbhydrocarbons is a PRIVATE... non-trading, publicly REPORTING company.
LISTEN CLOSELY!
@nbhydrocarbons is a PRIVATE... non-trading, publicly REPORTING company.
LISTEN CLOSELY!
The pandemic caused a lot of O&G tickers to suffer tremendously, including $TRCH after Crude Oil fell off a cliff which at one point hit -$40.32 a barrel.
I'm assuming the shorts were trying to delist $TRCH to scoop up the assets for pennies.
I'm assuming the shorts were trying to delist $TRCH to scoop up the assets for pennies.
The US Market allows shares to be listed on US exchanges without a form 211 via a 12g3-2(b) exemption. The 12g that allows this was effective as of October 10, 2008.
sec.gov/rules/final/20…
sec.gov/rules/final/20…
"The exemption allows a foreign private issuer to have its equity securities traded in the U.S. over-the-counter market without registration under Section 12(g)."
$MMTLP It's time to take the gloves off. It's time to drag those responsible for the MMTLP situation into the light. It's time to narrow our collective focus from organizations that have facilitated fraud to the individual names and responsibilities. A #FINRAfraud exposé thread🧵
The Series A Preferred Shares (now known as MMTLP) became tradable after a Form 211 was submitted without knowledge or permission of the issuer (TRCH/MMAT) and that included FRAUDULENT, outdated information. Video courtesy @johnbrda & @AlfromBoston617.
Who reviews Form 211 submissions? Introducing Yvonne Huber (Yvonne.Huber@finra.org, 240-386-5034), Vice President OTC Compliance and Short Sale Regulation. Yvonne previously served as VP of Market Regulation at FINRA. What an interesting crossover of responsibilities! 🤔
Three brokers (E-Trade, Merrill Lynch, Schwab) have confirmed the same CUSIP (629999590), pure speculation to me but it looks highly likely this means we will trade again (photos in replies) #mmtlp #FinraFraud $mmtlp
#MMTLP #FINRAfraud
Please read before listening to audio clip, and share this with as many people as possible.
Robert J. Shapiro (born 1953) is the cofounder and chairman of Sonecon, LLC, a United States private consultancy for economic and security-related issues that has
Please read before listening to audio clip, and share this with as many people as possible.
Robert J. Shapiro (born 1953) is the cofounder and chairman of Sonecon, LLC, a United States private consultancy for economic and security-related issues that has
built a reputation on a range of policy matters, including climate change, intellectual property, securities fraud, healthcare reform, demographics, the resilience of the electric grid to cyberattacks, and blockchain technologies. He is known for advising public officials,
including President Bill Clinton, UK Prime Minister Tony Blair, senior members of the Obama cabinet and administration, numerous US senators and representatives, and the Director of the International Monetary Fund.
$MMTLP #FINRAfraud
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934.
SEC Rule 10b-5, codified at 17 CFR 240.10b-5, is one of the most important rules targeting securities fraud promulgated by the U.S. Securities and Exchange Commission, pursuant to its authority granted under § 10(b) of the Securities Exchange Act of 1934.
[1] The rule prohibits any act or omission resulting in fraud or deceit in connection with the purchase or sale of any security. The issue of insider trading is given further definition in SEC Rule 10b5-1.
"Rule 10b-5: Employment of Manipulative and Deceptive Practices":
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
It shall be unlawful for any person, directly or indirectly, by the use of any means or instrumentality of interstate commerce, or of the mails or of any facility of any national securities exchange,
Last week, FINRA halted trading in a stock just before a spin-off.
#FINRAfraud started trending and short sellers were saved from billions in losses.
Here’s what happened 🧵
#FINRAfraud started trending and short sellers were saved from billions in losses.
Here’s what happened 🧵
On Friday, FINRA halted trading in $MMTLP, which are the preferred shares of Meta Materials, $MMAT
Why did FINRA halt trading?
Here’s what their statement said:
Why did FINRA halt trading?
Here’s what their statement said:
“FINRA has determined that an extraordinary event has occurred or is ongoing that has caused or has the potential to cause significant uncertainty in the settlement and clearance process for shares in MMTLP”
The more I read and research about $MMTLP the worse it gets...
Right now, unfortunately, I have to give everyone a very hard pill they are going to have to swallow...
Your money is gone... forever #Finra_is_Corrupt #Finrafraud #FINRAcrime
Right now, unfortunately, I have to give everyone a very hard pill they are going to have to swallow...
Your money is gone... forever #Finra_is_Corrupt #Finrafraud #FINRAcrime
I think it's extremely hard for Finra to justify its actions, but we need to acknowledge this has happened before with no consequences...
- $SPRT war flashbacks -
The problem is, class actions and lawsuits take many years... $MMTLP investors have a very big fucking problem NOW.
- $SPRT war flashbacks -
The problem is, class actions and lawsuits take many years... $MMTLP investors have a very big fucking problem NOW.
The situation with this forced sale of $MMTLP and extraordinary halt by FINRA is going to force everyone's shares into settlement, which will force them to transfer to a private company.
You can't sell them.
However, this is a taxable action, so... this is gonna suck but...
You can't sell them.
However, this is a taxable action, so... this is gonna suck but...
@dlauer @dlauer there us history here. You would really need to go back over a year and a half to fully grasp the complexity of this. @Finra allowed a series A perferrd share to trade that was never supposed to be traded outlined in here in the proxy sec.gov/Archives/edgar…
@dlauer @FINRA 2) A market maker (gtsx.com) or 2 (canaccordgenuity.com/capital-market…) started to create a platform to make it tradeable before the merger happened between $TRCH and $MMAT as shown on this OCC memo... Merger was not to complete till the 28th but got done a day early, context
