This is an excerpt from a really glorious article that details the intricacies of Corporate Governance with regards to voting. You know, this article; I mean, besides the idea of voting via proxy being inherently sketchy, we’ve found ways to make the financial shell game ‘seem’ more fair. Again, this is just a small piece… Read More Beneficial Owners don’t really have a proxy vote
Imagine it, the main stream media with avid investors use the term ‘meme stock’ as if it’s an industry standard. Many of which joke and dismiss the core character concepts and fundamentals of the company itself, let alone their balance sheets. So when a media person or news publisher has an article or a piece… Read More The term ‘Meme stocks’ are derogatory market manipulation
Brokers are in the business of making money, like most businesses, that means that if they can make money off of you, then they will. Things like Payment for Order flow and selling your trade data to create a composite man psychological profile exists. These result in a lumping and a basket of similar ‘like-minded’… Read More A ToS reminder that Brokers aren’t your friends
Hot water and thin ice, that’s double whammy for you. GME, the GameStop Saga is still in progress. The revolution will not be televised. But the big takeaway is the GameStop issued a Stock splividend that the DTCC fucked up massively. The DTCC being the Depository Trust & Clearing Corporation that is a private company… Read More The DTCC is in hot water and on thin ice; GME
This part, will have a small blurb about the GME fiasco events using the Litigation case and various SEC Press releases, including this report, to discuss some of the clown foolery of market abuse. Here are the previous pieces in this series;Dark Pools I: A Primer to DarknessDark Pools II: Do they Exist? A TLDR… Read More Dark Pools VII: Markets are abused by Dark Pools via Internalization and PFOF
A user had a short position opened against their consent and without their notice in a cash account with IBKR (Interactive Brokers) Upon discussion with a representative, the IBKR rep said that this is true and that it was due to ‘corporate action’. Basically admitting to the illegal action or infraction. Here is the chat… Read More IBKR illegally messes with cash account
So I got distracted by other things and titles and other shit. So here’s the rundown of all I have written in this series discussing the intricacies of ‘Dark Pools’. This is a bit of a summary, so that way we can continue where my conspiracy yarn has left me. Maybe we can engage in… Read More Dark Pools VIS: Intermission
*Sigh* I am -guhhhhurghh- yet again, going to talk shit about the US Capital markets. . . Again. Today’s menu includes a discussion on making Synthetic ETFs through contracts and another discussion on operational shorting. I will then perform the Chef’s kiss of adorning things with tidbits of knowledge and facts, to conclude with the… Read More A lesson in Awfulness; Synthetic ETFs vs. Operational Shorting (and ETF Arbitrage)
So ETFs are Exchange Traded Funds and are usually upsold to people as a ‘basket of stocks’. It’s essentially a weighted, sometimes robot algo driven, investment portfolio that you can invest in. Think of it like an Stock Index that you can actually buy into. Now that you know what ETFs are, I’m going to… Read More ETFs are scams
So the SEC just approved SINGLE STOCK ETFs for shorting with leverage. Which is a retarded way to say that you can short a stock indefinitely for diminishing returns. Sure this is tailored for ‘certain investors’ or some shit, per the SEC, Yea, ho-kay SEC. Time to stop sipping the dumb-fuck juice. Like the point… Read More The SEC is allowing Weaponized inverse single stock ETFs and it’s as you’d think, dumb