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
The argument is that; PFOF is supposed to be good for retail investors and not a means for front running your trades. But, as any dream invested in children, the child usually grows up to be a disappointment. Atleast, in a cynical sense. This incredible man named Bernard Madoff re-invented many schemes, one of which is… Read More PFOF, a problem child
As it turns out, Brokers might say “they’re not lending your shares.” and then they may proceed to lend shares that may or may not be yours. Which, depending on how your shares are accounted for, your shares might be in some Omni-bus arrangement of shares. So it’s not technically yours being lent. Perhaps your… Read More Are Brokers lending your shares without informing you?
IBKR for you folks like me who forget what/who they are, are a brokerage firm that allows people to trade stonks outside the US. IBKR is short for Interactive Brokers Group, Inc. Anyways, I wanted to do an analysis of what the IBKR Founder and Chairmen said (Thomas Peterffy on CNBC on the 28th), Feb… Read More Transcript of four interviews with IBKR during Can’t Stop, Won’t Stop, Game Stop
Alright, come with me to Pretend-land and put on some pretenses for your amusement. Let’s say your some retail trader and you’ve got an account with the popular mobile game Robinhood or Etrade or something in the genre of ‘stock markets’ and ‘online gambling’ or ‘degenercy adjacent to pornography’. Point is, if you actually read… Read More ‘Beneficial Ownership’ and Brokers are not your friends. Chances are, they never had your back nor your shares.
This is a very long article, I apologize, I don’t like long articles either. Hell, I wrote the damn thing. – And it’s sadly really really long based on many moons of research. This is of course an opinion backed by what little evidence that I can scour to paint an opinion editorial piece to… Read More Comprehensively Extensively Long look at the Naked Short Selling Phantom Menace of the Markets