Welcome back to the channel everyone today i want to talk about how short sellers are finally being charged. You may have noticed over the last few days the sec has really ramped up its investigations into short sellers, and today i want to talk about why so stay tuned and let's make some money, and now i want to dive straight in with the key information. So unusual's tweeted, the other day saying just in the sec, is investigating goldman sachs over its esg funds per the wall street journal. Now you may remember from my video last week, citadel also has its own esg funds, which it uses to retain employees or ex-employees and to continue to pay those ex-employees, regardless of what company they're now working for many ex-citadel employees have now gone on to work.

For the boston, consulting group for the sec for finra and for major accounting firms like pwc and many others, these employees, while working at citadel, were entered into these esg funds, which enables them to continue being paid even after their employment finishes. Even after they start new employments, even at the sec, peter had actually replied to this saying the sec is finally getting closer to who i really want and from lou's reply. It suggests that peter han really wants ken griffin from citadel, but this isn't the only investigation. The sec has sparked into short sellers or sparked into esg funds.

Edward burchuk, just tweeted, saying credit suisse failed to report their short sales for seven plus years from february 2015 through to april 2022. That means the sec had been investigating credit suisse at short sales sometime. After april 2022, likely back in may, the sec found that, from february 2015, through to april 2022, credit suisse also failed to establish and maintain a supervisory system, including written supervisory procedures, reasonably designed to comply with finra rules regarding trade reporting of short sales, in violation of Finra rule 3110 and 2010, or actually this matter resulted from finra's department of market regulations, review of credit, suisse's short sale, trade reporting activity, and this is because credit suisse failed to submit short sale indicators to the trade reporting facility and the over-the-counter reporting facility. As well, and on top of that, vice asset management has also settled with the sec for 6.9 million dollars.

It says the boston base hedge fund manager was charged with violating short sale rules in seven public offerings. It says vice asset management, a boston-based hedge fund manager, has agreed to pay approximately 6.9 million dollars to settle sec charges that it violated the federal securities laws when it unlawfully purchased stock in seven public offerings after selling short those same stocks and, interestingly, it says the Sec charged that between december 2020 and february 2021, which is a very interesting timing, because right in the middle here was the january 2021 run-up. It says the vice violated rule 105, which prohibits short-selling and equity security during a restricted period, and it is according to the order. Vice asset management's violations occurred because it repeatedly miscalculated the restricted period and dismissed several red flags raised by its internal controls.

That suggested possible rule violations now, obviously, so far, these fines have been fairly small and they seem to be targeting smaller hedge funds and also large banks like credit, suisse and goldman sachs, but i do think it is definitely a move in the right direction. The sec now seems to not be scared of investigating these short sellers, including large funds or large institutions. Like credit suisse, i think the sec now realize that there is a lot of criminal activity happening in the short selling area of the market or with those short sellers and therefore they've ramped up their investigations. I think it's now only a matter of time until they realize just how much illegal nefarious shorting is going on with amc and gamestop and also discover which funds are behind the attacks and guys right now.

You can currently get 10 free stocks on moomoo. If you sign up using the link in the description below these free stocks are worth up to two thousand five hundred dollars each. So that's a total of up to twenty five thousand dollars in free stocks and a free share of lucid on top of that. Moon has also updated its customer agreement to state that it does not accept payment for order flow.

Mumu and futu do not clear their trades through clearing houses such as apex clearing and they don't sell their order flow to hedge funds, like citadel moomoo's trades are cleared through its own clearing broker food to incorporate it. Now. I also wanted to talk about the current market crash, the coming recession and also the fomc meeting, which is happening later today. Xero hijacker tweeted, saying that coinbase is officially just about to cut 18 of jobs and they've cited the economic downturn as the reason for the job cuts we're also seeing the crypto platform blockfy, also reducing its workforce by around 20, a very similar percentage to coinbase.

Now this means that big companies like coinbase and blockfire are already starting to let go of employees and people are already starting to lose their jobs. You may see tom the crypto market is crashing and that's why only coinbase at blockfi are letting their staff go right. But xero hedges also tweeted saying that compass, the real estate broker is about to cut 10 of its workforce amid a u.s housing slowdown, and on top of that not only compass but also redfin and online real estate broker is also about to cut eight percent of Its employees immediately - and that means that it's not just in the high-tech, cryptocurrency blockchain space, that's cutting employees, but even property firms and real estate brokers are also cutting employees as well immediately. Clearly, they recognize there is a current u.s housing market slowdown and they realize the economy is just about to enter a recession and therefore many companies across the board are already starting to cut employees and people are already starting to lose their jobs.

If this isn't a clear sign of recession, that major companies, not just in the cryptocurrency and blockchain space, are starting to cut 10 to 20 of their workforce immediately, then i don't know what is, and after another red day yesterday, xero hedges, also tweeted saying, according to The latest bank of america fund manager survey the mood on wall street today was do not walk next to tall buildings. Clearly many hedge fund, employees and hedge fund managers are overly worried about the current stock market, even to the point that they could potentially be jumping from tall buildings and therefore they are advising people not to walk next to them. I think that is very, very worrying that people on wall street are already debating committing such acts, but at the same time it kind of doesn't surprise me due to just how fast the market has been crashing. Now, at the last fomc meeting, the fed pushed rates by 50 basis points up until a few days ago.

The general consensus was that this time the fed would raise by 75 basis points. But now the markets are beginning to brace for a 100 basis, point fed rate hike as inflation roars to new highs. In the last fomc meeting, jerome powell was saying that a 75 basis point rate hike was out of the question and not going to happen. But now not only are they likely to boost rates by 75 basis points, but potentially, even by a hundred fox business, says that some wall street traders are betting, that the federal reserve will take the most aggressive step in decades as it races to catch up with Soaring hot inflation they've said it marks the fastest pace of inflation since december 1981.

It says the dismal report prompted some banks, including barclays and jefferies, to revise their expectations for the fed meeting this week, which concludes on wednesday they've said that strategists now expect central bankers to approve a 75 basis, point hike or even a 100 basis, point hike as They try to project confidence to the markets. They also said: policymakers have not approved a 100 basis. Point increase since paul volcker, led the central bank and ran an aggressive inflation crushing campaign in the early 1980s, which obviously was followed by a giant stock market crash. Mach 10 has also made a concrete prediction on when he thinks the fed will capitulate and just how far he thinks the s p 500 will end up falling.

He thinks when the s p 500 is down by 40 and the vix spikes to 100. He says the fed will turn neutral and when the s p falls by a total of 60 percent and the vix spikes to 200, he thinks the fed will panic on a chart. He's expecting the s p 500 to fall to around 2 900 or to around 3 000 recover slightly, but then fall further, even potentially below 2 000 points way below these 20 20 lows, and also the 2019 lows as well. And finally, i also wanted to give you a word of advice or maybe even a warning, courtesy from me kevin over the last few days.

In the last few weeks, we've seen some crazy things happening in the cryptocurrency space we've seen celsius closing down and restricting withdrawals. We've seen ust and luna absolutely collapsing. We've also seen block fight and coinbase cutting head count by around 20 and now coinbase are beginning to restrict withdrawals. Kevin said coinbase is now requiring withdrawals to go on a whitelist address with a 48-hour delay to add.

He said the reason is enhanced security and he said how's that liquidity holding up coinbase, requiring users to provide additional verification and additional id verification and they're also whitelisting. These withdrawals with a 48-hour delay clearly they're hoping to scare people off from withdrawing their crypto as they have to provide more id verification and they're, also trying to delay, withdrawals as well we're seeing more and more and more cryptocurrency platforms being compromised and really starting to Struggle with liquidity and therefore i do think it's worthwhile either taking your crypto completely off exchange or even going back to being cash based and not investing in crypto. For the meantime, during the current crypto bear market, but guys be sure to. Let me know what you think down in the comments below also be sure to ding that notification bell, because that way, you'll be alerted.

When i upload a new video cheers.