Reddit User u/StayPositive2024 contacted Trade Station to do some transfers of stock certificates. Source here. To Which TradeStation, as above, mentioned that the Certificates cannot be transferred due to being held by AST as some sort of holding Trust for their stock certificate. AST being the American Stock Transfer & Trust Company, a Transfer Agent… Read More TradeStation Hiccup during a Transfer Certificates Protocol
In one court proceeding, they claim absolute immunity and also say they’re not liable for not doing their job. A. Absolute Immunity First, FINRA first correctly notes that as a self-regulatory organization, i.e., the successor entity to NASD, it is absolutely immune from money damages for any acts or omissions related to its regulatory function. See… Read More FINRA is a bit audacious
This is a mere repost of a Letter addressed to the SEC, and a forum post, and a few other findings on Bancorp International Group that traded under the ticker BCIT. June 2, 2008 I am a shareholder of BCIT, Bancorp International Group,and after our stock was subject to criminal counterfeiting in 2005, and our… Read More Some Bancorp Dirt on Stock Plumbing and SEC and DTCC regulatory shenanigans
Three years ago, around about this time, a bunch of Brokers colluded to take away the buy button on a few particular stocks, but they left the sell button, creating a unilateral perception of controlled markets all for worries about their balance sheets and systemic risks. Free markets are an ideal, they’re dead Jim. Mainly,… Read More GME trianniversery
As mentioned in previous posts about Corporate Proxy Voting is a Scam, Fishy Corporate Proxy Advisors, and Beneficial Owners don’t really have a proxy vote. As it turns out, the Proxy Intermediaries’ job isn’t to find out what votes are valid or if proxy voting is a fair election/voting system. No, Proxy Intermediaries have the… Read More Corporate Proxy voting is still a scam
More Options Degeneracy, but this time, it’s not from the Retail Crowd. It’s from the Brokers being retardedly degenerate. Here’s a Forbes article; Some Users are reporting that they can’t take gains on their put options that they bought on SBNY (Signature Bank) and SIVB (Silicon Valley Bank) before the banking collapse. Maybe it’s another… Read More SBNY and SIBV Put Option Degeneracy from Brokers
There was a reddit user “Free_Stick_” who opened a Financial Regulatory case against the brokerage eToro asking to prove share ownership and registration. Other users also had asked similar questions. This resulted in a case with the Australian Financial Complaints Authority, It’s also fair to note that this is a third party organization. So that… Read More Brokers have questionable share registration
Short selling is to regular selling as Margin Buying is to buying People essentially sell what they can borrow and don’t own (short selling), or buy with money they borrow and don’t have (margin buying). Thus, selling things you never borrowed (Naked Shorting). Is like buying things without any money (naked buying). In Japan they… Read More Naked shorting is an afront to the Market
A proposed Rule by the SEC has some interesting things to say about PFOF; The SEC makes various claims on how PFOF can lead to worse execution; Here’s another; Study finds; PFOF receive worse execution quality than non-PFOF AND, PFOF results in worse execution quality for both Equities and Options based on the SEC citing… Read More PFOF is disadvantageous to retail resulting in worse execution, the SEC finds in their Proposal
This is a valid opinion, Market Makers have privileges to be naked and uncovered for taking the trades on eithers side of an order. They can then use their own cost analysis and risk management formulas to hedge or remain ‘delta neutral’. Market Makers get the keys to the castle to provide liquidity by executing… Read More Market Privileges for the purposes of Liquidity is Market Manipulation