Posted on 02/26/2021 1:52:58 PM PST by justlittleoleme
Ping
::police the market and protect investors,” said >>>Melissa Hodgman<<< ::
We can’t have a bunch of snot-nosed mouth breathers living in their parents’ basements outperform the hedge funds.
Sounds like the ‘right people’ were losing $$$.
Can’t have that now...
This is beyond my knowledge base.
Is this normal?
Melissa Hodgman - wife of Peter Strzok
This is crooked crap by the SEC
Just a fyi for those who don’t know it,
Melissa Hodgman... AKA Mrs. Peter Strzok
Also beyond my knowledge base but that didn't stop me from buying into GME.
SEC is protecting Wall Street, not guys like us.
I guess all those companies listed as suspended from trading are currently being shorted by hedge funds?
not going to go through the list but likely penny pump and dumps
“not going to go through the list but likely penny pump and dumps”
For now. We’ll see.
They may be shorted but that doesn’t change the fact that they are likely penny (and below penny) pump and dumps.
Look at the prices of them before the halt
It is crooked in the way they seem to have handled it. But the companies did not comply with filings (which filings?). I’ve seen companies that fall out of compliance, they get a written warning and X days to comply, and usually those that do make the notice public well in advance so investors are made aware, and make an effort to get into compliance.
If not, they go to the OTC markets (used to be called the ‘pink sheets’) but many of the consumer facing brokerages don’t offer OTC stock trading.
This is just the first step to “Protect us”
The next step will be to ban internet chat rooms that talk about stocks.
And then you know the next step right?
Gotta give it to the Dems, they got incrementalism down pat.
yes, it is normal and they dont do enough of it.
the people involved might get a slap on the wrist..one or two might go to jail..but they will move on and do it again.
sometimes with a new front man for the CEO..and sometimes the same CEO
Here is an example of how it works. Btw, this guy is on twitter with his own pay for his view stock ideas but some of his cohorts went to jail. Which begs the question...did he make a deal?
I assume they are micro cap stocks being "pumped" by professional con men?
Internet "Pump and Dump" has been going on since at least 1996, when I first discovered Yahoo stock market chat rooms.
Bottom Line...
If you believe chat room market advice, your parents or your girlfriend need to take away your money before you hurt yourself.
The money line from the article:
“The order also states that none of the issuers has filed any information with the SEC or OTC Markets, where the companies’ securities are quoted, for over a year. “
It is a big NO NO in the SECs eyes to not file and or communicate your current financials. I am surprised that the listed issuers were allowed to not file for a year.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.