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I hope and suspect that amongst the tons of of individuals familiar with my work, there would be a proportion who could be prepared to help me with a small donation every month. It is important to me that the material I create ought to be freely out there anywhere on the planet, to anybody, particularly in growing nations. Responses usually are not offered or commissioned by the vendor or financial institution advertiser.

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House Financial Services Committee chair Maxine Waters (D-CA) stated future hearings would include witnesses from the SEC and DTCC. They must be requested why they haven’t implemented CAT, insisted on onerous locates, and ended naked brief selling. It’s probably the most important problem Democrats might make to Wall Street.

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Even then, Rep. Vicente Gonzalez (D-TX) pointed out that in 2020, Citadel violated the Security Commission’s Reg SHO, the rule regulating short sales. Citadel didn’t admit or deny the allegations but paid the fine. At the House listening to, Rep. Nydia Velazquez (D-NY) requested about the risks of short selling. ” She meant that short sellers sold forty p.c more shares in GameStop than existed. They have been phantom shares that didn’t exist however that have been posted in buyers’ accounts as “entitlements.” The consumers have no idea they don’t have real shares. The Securities and Exchange Commission might create a system to establish and allow punishment of illegal trading actions, together with bare quick promoting.


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