Kurtis

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Kurtis

Kurtis

@bleedblue18

Transparency, accountability, and investor protection. Personal views/opinions only. Not financial or legal advice.

가입일 Mayıs 2009
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Kurtis
Kurtis@bleedblue18·
$MMTLP Financial Information Forum (FIF) and Securities and Exchange Commission FOIA. Pg 1 - Howard Meyerson, FIF Managing Director, emails Erik Gerding, SEC Director of Division of Corporate Finance, David Saltiel, SEC Director of Trading & Markets, and Sai Rao, General Counsel for Division of Trading & Markets.
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kristen shaughnessy
kristen shaughnessy@kshaughnessy2·
The SEC is quietly killing the Consolidated Audit Trial The SEC DELETES all Consolidated Audit data older than three years? “The SEC’s Consolidated Audit Trail (CAT) is the most important weapon the SEC has to fight crime on Wall Street. It allows the SEC to monitor in real time the activities of Wall Street’s biggest and most dangerous financial firms and identify if they are manipulating the markets or otherwise breaking the law.  That’s why the financial industry has attacked the CAT from the start: they don’t want to be monitored, caught breaking the law, and punished.  Unfortunately, Trump’s SEC isn’t interested in catching lawbreakers; it’s actually making it easier both to break the law and not get caught.  That’s what crippling the CAT is going to do: it’s as if a police department shut off the maps app in its police cars and required the cops on the beat to find their way to crime scenes blindfolded.  “Late last Friday, the SEC issued an order that, among other things, deletes all data older than three years from the CAT. This is shocking…” bettermarkets.org/newsroom/the-s…
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Kurtis
Kurtis@bleedblue18·
$MMTLP Good morning, @FINRA It was more of a burden to scour the internet to find “threats from shareholders” on social media (ignoring the 100’s of thousands of posts asking for transparency and accountability) than it is for you to provide data you are responsible for collecting and overseeing. What was your process for validating that these people are shareholders? If you performed any validation at ALL, it was infinitely more burdensome than it is turn over the data and communications you already maintain. Ironically, the data you refuse to turn over to would aid your shareholder validation process. 🤓
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Kostas
Kostas@ggkoul·
Let’s be clear—this is NOT a joke. For thousands of investors, this is a daily reminder that corruption is being allowed to operate in plain sight. The evidence has been exposed. The questions have been asked. And still—nothing. No accountability. No transparency. No answers. At this point, the silence isn’t negligence—it looks like complicity. How is it acceptable that preferred share dividend that was never meant to trade can be halted, positions locked, and investors left holding the damage while those responsible face zero consequences? There is still a settlement process needed clear up any oversold obligations. We are demanding action: • A full Congressional hearing on the $MMTLP halt • Subpoenas for @FINRA, @SECGov and involved broker-dealers • A complete share count and reconciliation audit • Public release of all unredacted FOIA communications • Enforcement of settlement failures and identification of responsible parties This isn’t optional. This is your responsibility. We’re not going away. We’re not staying quiet. Do your job. @RepOgles @AndyOgles @MarshaBlackburn @timburchett @RepJohnRose @SenateFinance @AGTennessee @DOGE_SEC
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George Palikaras
George Palikaras@palikaras·
In Dec 2022, FINRA intervened in a market where settlement integrity was unresolved. @annvandersteel Instead of enforcing RECONCILIATION for stockholders (the ONLY lawful mechanism available under current securities law), they unilaterally (and without notice) TERMINATED price discovery, allowed the corporate action to proceed, and converted unresolved market positions into private contractual disputes. They did this knowing full well, that FINRA would simply then be able to hide behind its infamous SRO "ABSOLUT" immunity. However, they made a strategic mistake. As evident in the attached FINRA letter to NBH, dated May 2023, the subsequent FAQ and FOIAs, they managed to selectively characterize itself as a limited PRIVATE entity avoiding responsibility, while simultaneously discuss how they exercise government-delegated authority when they take market-wide actions, such as the Dec 2022 U3 trading halt of #MMTLP. The SEC or Congress must now chose for them: 1. either turn FINRA into a full government entity, OR 2. remove their immunity. You only need to look at how Korea, Saudi Arabia, Switzerland etc have recently regulated to secure their markets, and taken the fight to these dark pool synthetic/abusive market pundits and protect their investor communities. Post-hoc explanations cannot justify action. The two MMTLP FAQs released by FINRA were abominations, and contradictory/confusing. The real FAQ regulators won’t answer: If the system had -CAT data -Blue sheets -Full trade visibility, and -FINRA ordered blue sheets for MMAT and MMTLP prior to the spin off... Then why not: 1. Reconcile shares? 2. Force buy-ins? 3. Allow a close-only exit? Source: dropbox.com/scl/fi/nb59dhb…
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George Palikaras
George Palikaras@palikaras·
1/ Dear @SECPaulSAtkins and Commissioner @HesterPeirce @SECGov Regarding your posts earlier today I think there are important questions arising especially in context with a related FSB report. I will be discussing below the Operational Classification vs. Legal Classification of #MMTLP, specifically: The divergence between LEGAL classification and OPERATIONAL handling of MMTLP, and how this mismatch may have contributed to: 1. supervisory fragmentation, 2. regulatory blind spots, and 3. OTC’s ultimate settlement failure. Key Findings: While MMTLP was publicly characterized as an OTC equity preferred security, evidence indicates that at least one major broker-dealer (@Fidelity) processed buy-side activity through a fixed income desk, suggesting a MATERIAL divergence between legal classification and operational treatment. This divergence is NOT merely administrative, it has direct implications for: 1. supervisory responsibility 2. compliance rule application 3. surveillance coverage and 4. settlement risk management MMTLP wasn’t just an “equity” security that went wrong, it became a cross-system instrument processed through equity, derivatives, and “fixed-income” infrastructure simultaneously, and that fragmentation created a supervisory and settlement blind spot that no single regulator or broker fully controlled, in my opinion.
George Palikaras@palikaras

The SEC seems to be saying, in effect, “15c2-11 is an OTC equity rule, let’s stop pretending it is a general quotation rule for every security” BUT… What I find even more interesting is Commissioner @HesterPeirce longer statement 2 hrs ago and this part: “They highlighted that the 2020 rule amendments relied entirely on OTC equity data and did not even mention the term “fixed income” once. They noted that they were unaware of Rule 15c2-11 ever being applied to fixed income securities. And they warned that the application of the rule would gravely harm the fixed income market and investors, with no discernable reduction in fraud” The keyword is “fixed income” #MMTLP There is a more strategic interpretation in my opinion. More to follow, thank you Suzy! sec.gov/newsroom/speec…

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Craig Dubs
Craig Dubs@cdubs5584·
$MMTLP High-res clips from “Ask Byron Anything” LIVE at Versailles Restaurant in Miami, FL. Where @johnnaarintl directly addresses Rep. @ByronDonalds on #MMTLP transparency! Download & use this powerful moment to your advantage. Huge thanks to @johnnaarintl and @thedocespo! 💪
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Rep. James Comer
Rep. James Comer@RepJamesComer·
🚨Epstein Investigation Update🚨 I’m calling on 7 individuals to appear for transcribed interviews: Bill Gates  Kathryn Ruemmler Leon Black Lesley Groff Sarah Kellen Ted Waitt Doug Band The Oversight Committee is continuing to seek the truth for survivors & all Americans.
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Aakash Gupta
Aakash Gupta@aakashgupta·
Everyone’s missing the real story here. ZeroHedge is framing this as Jane Street single-handedly causing the 2022 crypto winter. The lawsuit is more surgical than that, and what it actually describes is worse. A former Terraform intern named Bryce Pratt, working at Jane Street, created a private group chat called “Bryces Secret” with Terraform’s software engineer and head of business development. That chat became a pipeline for material nonpublic information about Terraform’s liquidity positions. The May 7, 2022 sequence took 10 minutes. At 5:44 PM EST, Terraform quietly pulled 150 million UST from Curve’s 3pool. No announcement. No disclosure. Within 10 minutes, a Jane Street wallet pulled 85 million UST from the same pool. Largest single transaction in the pool’s history. Combined: 235 million UST drained before anyone outside those two firms knew anything had changed. The peg cracked that night. Six days later, $40 billion was gone. Then on May 9, while retail investors were watching their portfolios disintegrate in real time, Pratt messaged Do Kwon offering to buy Luna or Bitcoin at “steeply discounted prices.” Kwon told him Jump Trading’s co-founder Bill DiSomma should have already reached out about a fundraise. So Jane Street was front-running the collapse with one hand and offering to buy the wreckage with the other, fully aware of the financial condition it helped create. This tells you everything about what “providing liquidity” actually meant in crypto. The firm that allegedly used a private chat room to drain $235 million from a stablecoin pool before retail could react now generates $24 billion in trading revenue through three quarters of 2025. $10.1 billion in a single quarter. More than Goldman. More than JPMorgan’s entire trading operation. Over 10% of North American equity volume. Lead authorized participant for the biggest Bitcoin ETFs. And this is the second lawsuit from Terraform’s administrator. He already sued Jump Trading for $4 billion in December, alleging Jump inflated UST through a backdoor deal before the implosion. The Jane Street complaint alleges insider information flowed between the two firms. The picture forming is two of Wall Street’s most sophisticated trading operations allegedly coordinating around inside information while retail absorbed the full $40 billion hit. Do Kwon got 15 years. Terraform paid $4.47 billion in SEC penalties. The institutions that allegedly turned a private group chat into a front-running operation are posting record profits. The question a Manhattan federal judge now gets to answer: when does “market making” become market taking?
zerohedge@zerohedge

And there it is: Jane Street was behind the 2022 crypto winter, destroying Terraform by first depegging the token and destroying the ecosystem, then pretending it would rescue Terra, while effectively it was soaking up what little value remained.

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Kurtis
Kurtis@bleedblue18·
@denniskneale @X Welcome back! It’s a shame that one of the few honest journalists can be muzzled, but I’m glad you didn’t abandon the platform after what I can imagine was an infuriating experience.
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George Palikaras
George Palikaras@palikaras·
BREAKING… weather forecast for tomorrow: it’s going to rain very hard. Stay inside, get some nice🥤 and buttery🍿 and watch the new blockbuster movie: “Silence of the 🦝” followed by the all time classic: “Apocalypse Now” #SunshineThroughTheFogOfWar #LFGB
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Kurtis
Kurtis@bleedblue18·
@ElfCarbon @SECGov @FINRA 🤣 True, but what’s also in common is that they unintentionally committed some “happy little mistakes” on both.
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INFOWARS
INFOWARS@infowars·
🤔Who is Kathryn Ruemmler?? ✅ Recipient of the CIA's highest award ✅ Industry Governor on FINRA's board ✅ Resigned from Goldman Sachs over Epstein ties👀 @annvandersteel exposes Reummler as a deep state traitor and a threat to this country:
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Rare DD
Rare DD@RareDealsHere·
The SRO @FINRA is so corrupt/captured that they willfully defied their own rules in order to protect their member firms and the DTCC/NSCC, at the expense of the investors they claim to protect. A simple way it can be proven... Just have FINRA explain step-by-step the way they processed both MMTLP Corporate Actions.
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Kurtis
Kurtis@bleedblue18·
@CitiZenSleuthX @FINRA She’s no longer part of FINRA’s Board of Governors, but her association with Jeffrey Epstein was well known BEFORE her appointment in 2021 (she was NOT elected).
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