Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lorianne

If someone could find out what ETPs these are, they could short it. Then if the SEC acts, they could rake in dough.

It is most likely an ETN, those things are full of garbage. Only suckers buy them anyway.


2 posted on 02/05/2016 6:25:34 PM PST by proxy_user
[ Post Reply | Private Reply | To 1 | View Replies ]


To: proxy_user
Read the article ,, it's very good ... these products are so illiquid that they represent the vast majority of trading halts (in individual securities) with huge discrepancies in the bid/ask compared to the computed theoretical valuations.

http://money.cnn.com/2015/08/24/investing/stocks-markets-selloff-circuit-breakers-1200-times/

The whistleblowers state that much of the ETP's "asset base" consists of synthetic/derivative positions ... They're just words on paper with no assessment of the counterparties ability to cover...

YES , I too would like to short these beasts but as they are SEC protected wall street fraud vehicles I'd always be afraid of manipulation ... I personally suspect that his is how wall street creates fictional shares of companies so that they can pretend that they are shorting borrowed shares instead of admitting that they are completely naked (an illegal market manipulating practice that the SEC has NEVER INVESTIGATED OR ENFORCED).

4 posted on 02/05/2016 6:52:09 PM PST by Neidermeyer (Bill Clinton is a 5 star general in the WAR ON WOMEN and Hillary is his Goebbels.)
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson