@SEC_Investor_Ed, since you’ve been on a roll with your rubric of Investor Edu, please educate the investing public about the phenomenon of “Stock Tokens” traded on @FTX_Official & @BittrexExchange which are supposedly backed 1:1 by the stock in custody of CME-Equity #AMC #GME
@SEC_Investor_Ed @SECGov – we’d like to get to the bottom of the fairly new phenomenon of “Stock Tokens,” which started trading on crypto exchanges as early as Jan27, ‘21 & on others on Jun 6-7, ‘21. Why are the underlying stocks of those tokens overly shorted stocks? #AMC #BBBY
@SEC_Investor_Ed @SECGov – we have noticed that those “Stock Tokens” only exist for a select few stocks, which have in common overwhelming short interest, & large number of unsettled synthetic (longs & shorts). SEC Investor Edu, what is the purpose of such instrument? #AMC #TSLA
@SEC_Investor_Ed @SECGov — We’ve searched thru the SEC website, & Investor Edu Twitter page, & couldn’t find any education materials related to “Stock Tokens.” Would u please let us know why they exist, why are they used against stocks with high short interest & settlement risks?
Can one tell which of those stocks are the most feared by market makers? The most abused of all is no doubt the most dangerous to the abusers. @SEC_Investor_Ed, the investing public is anxiously waiting for your explanation on the utility of stock tokens for market makers. #AMC
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