Why did the South Korean financial services regulator commence investigations into potential illegal naked short selling? In September 2023, over 50,000 citizens, frustrated with their losses in the Korean stock market, petitioned the government to investigate unfair trading practices, especially naked short selling, purportedly carried out by brokers and banks….
Tag:#SEC
THE SEC IS NOW THE GATEKEEPER OF AN ASYLUM WITH A NUCLEAR REACTOR AT ITS CENTER
The #SEC was established in the aftermath of the 1929 crash to prevent a similar disaster from happening again, right? For those who don’t know, these are the two pillars on which the US Congress drafted and passed the Securities Act of 1933 and the Securities Exchange Act of 1934:…
HOW MANY ARCHER-DANIEL-MIDLAND ARE HIDING IN PLAIN SIGHT?
While everyone was busy celebrating new all-time highs, $ADM, the 35th largest company in the US [According to the last Fortune 500] and about to celebrate the 100th anniversary since their shares started trading on the New York Stock Exchange (they listed on December 24th, 1924!), crashed 24% in a…
WHEN THE #SEC (CAT) IS AWAY, THE MICE DANCE
When I woke up this morning, I couldn’t believe my eyes. I had finished drafting this post before going to sleep, and the first thing I see on @X after waking up is Gary Gensler’s post claiming that the @SECGov account was hacked and that the #Bitcoin ETF wasn’t actually…