Sam Hill

MMTLP #FAFO #Veteran #Relentless Great article that is circulating on LinkedIn and X. Federal courts are beginning to scrutinize FINRA’s unchecked authority and the Kelly v. FINRA case in Nevada sits squarely at the center of that shift. Last week, two federal courts rejected long‑standing assumptions that FINRA and the SEC can force enforcement targets through a decade‑long administrative gauntlet before any constitutional challenge can reach an Article III court. In Black v. SEC and Smith v. SEC, the courts openly questioned whether FINRA can impose punitive sanctions without a jury trial and without Article III oversight. Both decisions stopped short of binding precedent only because FINRA escaped on procedural technicalities. That context matters for MMTLP and for the Kelly case. FINRA recently filed supplemental authority pointing to district court dismissals in Spears, Pease, Willcot, and Rolo. But those cases all share the same flaw: they assumed FINRA’s conduct was “regulatory” without ever examining whether the specific acts at issue were actually delegated under the Exchange Act. Kelly’s filings highlight what no court has yet addressed: • FINRA unilaterally altered issuer‑submitted corporate action data • FINRA converted a temporary halt into a permanent market deletion • FINRA acted without any SEC order, rulemaking, or statutory delegation • FINRA’s actions occurred outside the scope of Rule 6440 and Section 12(k) • And under Ninth Circuit law (Sparta Surgical), immunity attaches only when an SRO acts within authority actually delegated by Congress or the SEC That threshold question — was FINRA authorized to do what it did? — has never been answered in any MMTLP case. Even FINRA’s own filings inadvertently reinforce the point. In its objection, FINRA argues there are “no exceptions” to immunity so long as it acts pursuant to the Exchange Act which is precisely the issue Kelly raises. Whether FINRA acted “pursuant to” the Exchange Act is the entire dispute. Meanwhile, the Supreme Court’s unanimous Galette decision (March 2026) underscored a simple principle: separately incorporated entities cannot selectively invoke governmental immunity while avoiding governmental accountability. FINRA, a private Delaware corporation, cannot claim constitutional independence in one breath and absolute immunity in the next. The bottom line: The constitutional cracks appearing in FINRA’s enforcement structure, from Jarkesy to Black to Smith; are now intersecting with the unresolved statutory question at the heart of MMTLP. The Kelly case is the first to squarely present that issue under controlling Ninth Circuit law. The judiciary is finally signaling that FINRA’s authority is not limitless. And for the first time, the question of whether FINRA exceeded its statutory mandate in MMTLP is positioned for real judicial review. linkedin.com/pulse/finras-c…

I have asked myself what my financial future looks like for 1,210 days and counting! As I contemplate that on at least an hourly basis, the ONLY conclusion I come to is that my family, along with more than 65k other families, were defrauded and robbed by @FINRA @SECGov @OTCMarkets @The_DTCC MMs HFs and BDs when they colluded to issue the U3 halt on $MMTLP on Dec. 9, 2022. We have the proof and we continue to gather more every single day. We will NOT go away, we will NOT give up and we will NOT be silent. @SECPaulSAtkins, @HesterPeirce and the other commissioners need to figure out how to resolve the #MMTLPfiasco. Sooner or later the world will find out the TRUTH and then there will be hell to pay. Is it a new day at the SEC? I think the lack of action at the SEC clearly says NO, it isn't. Same thievery, different day. Your lack of ANY action clearly shows that you are all comfortable and complicit with the theft that occurs in the US Markets EVERY. SINGLE. SECOND. It's time for @RepJamesComer, @Jim_Jordan @RepFrenchHill @FinancialCmte @GOPoversight @JudiciaryGOP to get off your asses, quit listening to your staff gatekeepers who are clearly compromised and do your jobs! #ScheduleAnMMTLPHearing and #SubpoenaGaryGensler so you can find out #WhatIsTheShareCount and then #ReconcileTheShares! WE. DESERVE. JUSTICE! @VP @POTUS @realDonaldTrump @EricTrump @SecScottBessent... If you want to end the fraud and corruption in the US, this is the logical place to start. MMTLP is the biggest financial crime in HISTORY! @laralogan @patrickbetdavid @denniskneale @TheRobbCarter @kshaughnessy2 @JohnnyTabacco @FoxNews @FoxBusiness @greggutfeld @JesseBWatters @DanaPerino @60Minutes

@annvandersteel If he really cared maybe he should have followed up with questions after he was flippantly told MMTLP is under investigation

Does @realDonaldTrump know that @ByronDonalds ignored 65k + investors, Veteran's & Floridians in MMTLP? When @DevinNunes CEO of Trump Media Group DJT used MMTLP in a letter to @SECGov expose MARKET MANIPULATION & SHORT SELLING to the @SECGov ......Ask @ByronDonalds about MMTLP.....He will give you a great sound clip & then hide behind investigation for 3 years by @SECPaulSAtkins @SECGov instead of doing his own research, reading the information uncovered in Foia's or pressing for answers for 65k + investors, Floridians & veteran's. @Paul_Renner has committed to investigate & legislate to protect investors in Florida from fraud!

It wasn't an April Fool's prank. It was the 💣💣💣 no one saw coming... #FOIA 3 years ago today...THEY KNEW!!! #FINRAFraud The FOIA documents reveal extensive communications between senior FINRA officials and their SEC counterparts concerning issues with MMTLP trading. They knew there was a problem for more than a year and FAILED to protect investors. Key findings include: 💥Fourteen months prior to FINRA’s U3 trading halt, three FINRA committees—Market Operations, OTC Corporate Actions Team, and Market Fraud Team—were in active dialogue with SEC representatives re: MMTLP....and they FAILED to protect investors. 💥On December 2, 2022, a conversation took place between FINRA’s OTC Corporate Actions Team and an SEC representative regarding the proposed Meta/NBH spin-out transaction.....and they FAILED to protect investors. 💥On December 5, 2022, just one day before FINRA issued the first of two corporate actions, Sam Draddy noted that the “MMAT/MMTLP matter” had caught the attention of his Fraud Team and others, mentioning discussions with FINRA’s General Counsel and suspicions of fraud involving the two issuers, with “bluesheeting” already underway. They went forward with the corporate action despite RULE 6490.....and they FAILED to protect investors. 💥Draddy, along with Boyle and Gibbons, arranged a Zoom meeting with SEC counterparts to discuss further....and they FAILED to protect investors. 💥On December 11, 2022, at 6:38 p.m. on a Sunday, FINRA CEO Robert W. Cook contacted an SEC official regarding a flood of shareholder complaints about the trading halt, some containing alleged threats (no evidence or law enforcement reporting evidence has been provided), prompting him to send his staff to work remotely while offering to brief his contact.....and they still FAIL to protect investors. 💥Concurrently, Stephanie Dumont, FINRA’s Executive Vice President of Market Regulation and Transparency Services, emailed an SEC contact to schedule an urgent meeting the next morning to discuss the MMTLP situation and the recent halt, copying Racquel Russell on the correspondence.....and still FAIL to protect investors. THEY KNEW. And for the first time, we no longer had to speculate...WE KNEW!!! Following this release and the public outcry, sources claim @SECGov held an emergency meeting to stop FOIA releases. The MMTLP Army did not receive another meaninful FOIA for over a year. WHAT ARE THEY HIDING???#Coincidence WE...ARE...NOT...GOIN...AWAY!!! #Relentless TRCH MMAT MMTLP

It was great to be in Jacksonville with @DeanBlackFL & @NickHowland15 at Veterans United Craft Brewery! Those who sacrificed everything for our country deserve nothing less than our full commitment. As Governor, I'll fight to make Florida the best state in the nation for our veterans.

It wasn't an April Fool's prank. It was the 💣💣💣 no one saw coming... #FOIA 3 years ago today...THEY KNEW!!! #FINRAFraud The FOIA documents reveal extensive communications between senior FINRA officials and their SEC counterparts concerning issues with MMTLP trading. They knew there was a problem for more than a year and FAILED to protect investors. Key findings include: 💥Fourteen months prior to FINRA’s U3 trading halt, three FINRA committees—Market Operations, OTC Corporate Actions Team, and Market Fraud Team—were in active dialogue with SEC representatives re: MMTLP....and they FAILED to protect investors. 💥On December 2, 2022, a conversation took place between FINRA’s OTC Corporate Actions Team and an SEC representative regarding the proposed Meta/NBH spin-out transaction.....and they FAILED to protect investors. 💥On December 5, 2022, just one day before FINRA issued the first of two corporate actions, Sam Draddy noted that the “MMAT/MMTLP matter” had caught the attention of his Fraud Team and others, mentioning discussions with FINRA’s General Counsel and suspicions of fraud involving the two issuers, with “bluesheeting” already underway. They went forward with the corporate action despite RULE 6490.....and they FAILED to protect investors. 💥Draddy, along with Boyle and Gibbons, arranged a Zoom meeting with SEC counterparts to discuss further....and they FAILED to protect investors. 💥On December 11, 2022, at 6:38 p.m. on a Sunday, FINRA CEO Robert W. Cook contacted an SEC official regarding a flood of shareholder complaints about the trading halt, some containing alleged threats (no evidence or law enforcement reporting evidence has been provided), prompting him to send his staff to work remotely while offering to brief his contact.....and they still FAIL to protect investors. 💥Concurrently, Stephanie Dumont, FINRA’s Executive Vice President of Market Regulation and Transparency Services, emailed an SEC contact to schedule an urgent meeting the next morning to discuss the MMTLP situation and the recent halt, copying Racquel Russell on the correspondence.....and still FAIL to protect investors. THEY KNEW. And for the first time, we no longer had to speculate...WE KNEW!!! Following this release and the public outcry, sources claim @SECGov held an emergency meeting to stop FOIA releases. The MMTLP Army did not receive another meaninful FOIA for over a year. WHAT ARE THEY HIDING???#Coincidence WE...ARE...NOT...GOIN...AWAY!!! #Relentless TRCH MMAT MMTLP

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