Paul

There's an amazing $MMTLP video 🎥 by @annvandersteel in the quote post below! This video 🎥 provides a narrow focus on the recently released FOIA, and how it appears to implicate the SEC and the FIF. This is instructional counterfeiting! @FBI @DOJCrimDiv

⚖️ MMTLP / MMAT / TRCH / NBH Meta Materials Inc. Bankruptcy U.S. Bankruptcy Court – District of Nevada Case No. 24-50792-gs 📄 Key Filings by FINRA (3/27/2026) 👈 •FINRA Supplemental Brief on Undue Burden •Declaration of David S. Norris (Undue Burden) •FINRA General Counsel Declaration •Motion to Seal + Proposed Order (NOTE: The Trustee’s response is due 4/3/2026.) ⸻ 🧠 WHAT THIS IS (Layman’s Terms) ⚠️ Not Legal Advice The trustee wants FINRA documents to investigate potential claims. FINRA says: 👉 “It’s too big, too expensive, and mostly protected—so it should be limited or blocked.” ⸻ 🔍 FINRA’S CORE ARGUMENTS 🟥 Burden •~5M messages / 2.56 TB data •~$450K–$550K+ to review 👉 “This is excessive for a nonparty.” ⸻ 🟥 Privilege •Attorney-client •Work product •Investigative files 👉 “Most of what you want can’t be produced anyway.” ⸻ 🟥 Scope •Trustee narrowed other subpoenas •FINRA still asked for 4 years + communications 👉 “We’re being asked for far more than others.” ⸻ 🟥 Justification •Trading halt tied to settlement/clearance concerns ⸻ 🟥 Sealing •Safety concerns + threats used to justify sealing (See comments to this post for these filings.) ⸻ ⚖️ WHAT THE JUDGE DECIDES 👉 Is this subpoena: •Reasonable and relevant •OR overly burdensome and overbroad Courts balance: •Need for info •Burden/cost •Privilege limits ⸻ 🚨 KEY TAKEAWAYS •This is a scope fight—not a full stop •FINRA’s burden argument will: 👉 Limit scope, not eliminate discovery •Privilege will: 👉 Shape production, not block it entirely ⸻ 🎤 Bottom Line 👉 FINRA will likely have to produce something meaningful—but not everything requested, and not all at once. Also note that the Judge is well aware of the statute of limitations. dropbox.com/scl/fi/9e6a2tw… dropbox.com/scl/fi/a9bjdxt…

🎥 ⏰ "MMTLP: The Case Against The SEC Part 4.5 Of 5" This video shows how the @SECGov lies & deflects in order to avoid direct requests from over 70 members of Congress. @USGAO appears to be complicit as well! @RepDonaldsPress youtu.be/b_ON76v2yig?si…

Maybe it's nothing but... @FortWorth_SEC made their last X post around the time we were waiting for FINRA to publish the first MMTLP Corporate Action (ideally there only would've been one and FINRA wouldn't have made any alterations). A granted FOIA revealed that the SEC was in contact with FINRA's OTC Corporate Actions team regarding the MMTLP Corporate Action BEFORE it was published. Was it someone from the SEC Fort Worth office that reached out to the OTC Corporate Actions Team about the MMTLP Corporate Action? Strange that with all of that attention they somehow managed to publish two deficient MMTLP Corporate Actions! @TheJusticeDept @SECPaulSAtkins

⚖️ MMTLP / MMAT / TRCH / NBH Meta Materials Inc. Bankruptcy U.S. Bankruptcy Court – District of Nevada Case No. 24-50792-gs 📄 Key Filings by FINRA (3/27/2026) 👈 •FINRA Supplemental Brief on Undue Burden •Declaration of David S. Norris (Undue Burden) •FINRA General Counsel Declaration •Motion to Seal + Proposed Order (NOTE: The Trustee’s response is due 4/3/2026.) ⸻ 🧠 WHAT THIS IS (Layman’s Terms) ⚠️ Not Legal Advice The trustee wants FINRA documents to investigate potential claims. FINRA says: 👉 “It’s too big, too expensive, and mostly protected—so it should be limited or blocked.” ⸻ 🔍 FINRA’S CORE ARGUMENTS 🟥 Burden •~5M messages / 2.56 TB data •~$450K–$550K+ to review 👉 “This is excessive for a nonparty.” ⸻ 🟥 Privilege •Attorney-client •Work product •Investigative files 👉 “Most of what you want can’t be produced anyway.” ⸻ 🟥 Scope •Trustee narrowed other subpoenas •FINRA still asked for 4 years + communications 👉 “We’re being asked for far more than others.” ⸻ 🟥 Justification •Trading halt tied to settlement/clearance concerns ⸻ 🟥 Sealing •Safety concerns + threats used to justify sealing (See comments to this post for these filings.) ⸻ ⚖️ WHAT THE JUDGE DECIDES 👉 Is this subpoena: •Reasonable and relevant •OR overly burdensome and overbroad Courts balance: •Need for info •Burden/cost •Privilege limits ⸻ 🚨 KEY TAKEAWAYS •This is a scope fight—not a full stop •FINRA’s burden argument will: 👉 Limit scope, not eliminate discovery •Privilege will: 👉 Shape production, not block it entirely ⸻ 🎤 Bottom Line 👉 FINRA will likely have to produce something meaningful—but not everything requested, and not all at once. Also note that the Judge is well aware of the statute of limitations. dropbox.com/scl/fi/9e6a2tw… dropbox.com/scl/fi/a9bjdxt…

As always, @cvpayne asking the tough questions and keeping it real!✅ Interesting pivot, @RepRalphNorman. Thanks for the clarification on your previous statements. You think you can get back to getting the share count now? Maybe encourage @HesterPeirce to do her actual job. $MMTLP #MMTLParmy $MMAT #WhatstheShareCount

MMTLP #FAFO #Veterans #1stAmendment 🔥 THREAD: New Civil Liberties Alliance (NCLA) Takes the SEC’s Gag Rule to the Supreme Court, and YES, it connects to MMTLP. @annvandersteel @TheRobbCarter @cvpayne 🚨BREAKING: NCLA just filed a petition asking the U.S. Supreme Court to review the SEC’s unconstitutional Gag Rule. A rule that forces people to give up their First Amendment rights for life if they settle with the agency. This is a massive moment. Why does this matter? Because the SEC’s Gag Rule is designed to do one thing: 👉 Silence the people who know the truth about SEC actions. Forever. And if you’re in the MMTLP community, this should hit hard. You’ve lived the consequences of a system where the SEC can act in the dark, hide records, and avoid accountability while the public is left with redactions, denials, and silence. MMTLP exposed a simple reality: · When regulators can operate without transparency, investors pay the price. · When regulators can silence people, the truth never reaches the public. · The Gag Rule is the architecture that protects that system. In MMTLP, we’ve seen: • FOIA blackouts • Withheld factual records • A U3 halt with no explanation • 14 months of trading on a placeholder • Zero transparency from the agencies involved Now imagine adding a lifetime gag order on top of that. That’s exactly what the SEC does in settlements: “Sign this agreement, and you can never publicly dispute our allegations even if we were wrong.” That’s not regulation. That’s censorship. NCLA is right: The SEC should not have the power to silence Americans for life. And MMTLP proves why. When the public can’t hear from the people closest to the facts, the narrative belongs entirely to the agency no matter how incomplete or inaccurate. If the Supreme Court strikes down the Gag Rule, it won’t just be a First Amendment victory. It will crack open the wall of secrecy that has shielded the SEC for decades the same secrecy that has fueled the MMTLP transparency crisis. Sunlight is coming. Accountability is coming. And the era of regulators operating without scrutiny needs to end. MMTLP is the case study. The Gag Rule is the mechanism. The Supreme Court is now the venue. The fight for transparency is bigger than one ticker. It’s about restoring the public’s right to speak, to know, and to challenge government power. And that fight just moved to the highest court in the country. More to come! MMTLP remember, FOCUS. The SEC Can Silence You for Life youtu.be/_OhBoqGVdAA?si… via @YouTube

🎥 🎥 New Video 🎥🎥 "MMTLP: Is GTS Securities Above The Law" (49 mins 43 secs) youtu.be/gK3SNVutJsQ?si… Please investigate @TheJusticeDept