during a pending investigation, nothing is stopping you from continuing your illegal activities, au contraire, you are giving more rope for the SEC to hang you One client was in that exact position, was warned about certain things he was doing was "illegal", and he kept doing those things as part of his routine. SEC didn't say a word, but during his trial it was presented as further evidence that the accused didn't get the message and was ready to disobey the law no matter what. The Judge was not amused, and he lost!!! SEC won on almost all counts, even those they didn't expect to win.
you Millennial tards with your GME play should be all put to jail if it was up to me you are endangering the markets
He has to be crucified for the greater good of all of the way over paid ‘professional’ advisors that need to have capital markets maintain the appearance of fair play. With licenses especially a 24, gr will never be able to participate in the securities markets again and with $20- $50 mil in liquid net worth I highly doubt he cares at all. I’m sure he’s already trading tax credits on low income subsidy real estate in south Boston. Also fuck mass mutual with a tire iron.
I don't believe the system is so fragile, that just 1,000 options on a mid cap, even bought at the exact same split second, could cause any important gamma squeeze.
Anyone Selling insurance should be legally enforceable disqualified from applying for a securities license.
Good one. I don't dispute that. However, we could use some stats here.....what was the average call option volume prior to the double-spike ? What was the % of the daily avg call volume being traded during the spikes ? Also, Let us not forget the possibility of pyramiding here....traders are up $5,000 within the hour, and then they double their position to 20 contracts. And so on and so forth. Big positions were likely placed with trailing stop loss orders.
I dunno which side of this saga you are on. Wickr is an anonymous messaging app that doesn't link to one's real ID by email or cell, doesn't store IP's, messages are encrypted and there is no way of knowing who one is communicating with. Afaik, unless there is a recent development, RK didn't charge for a service nor took profits, so how exactly did he perform a criminal act? If there is anything criminal in the story it's having short positions greater than the supply of stock and halting the buy side of the trade.