Today I Want to talk about how the SEC has just issued a cease and desist letter to a number of short sellers market makers and Banks and I also want to talk about the hedge fund Titan that says a Black Swan event is just around the corner, so stay tuned and let's make some money and I'll drive straight in with the information. So Edward Burchuk tweet is saying the SEC has just charged 11 Wall Street firms with widespread record keeping failures and he said in one of the firmsest web Bush Securities who have been deeply tied with Wells Fargo, Citadel Virtue, and Wolverine Securities Word Bush has also been involved in many short and distort attacks on AMC by the person known as Alicia Reese. So first let's talk about who's been charged by the SEC and then how that links back to Citadel Virtue, Wells, Fargo and Wolverine securities. So the SEC today announced charges against 10 firms in their capacity as broker dealers and one Julie as a registered broker dealer and investment advisor for widespread and long-stand failures by the firms and their employees to maintain and preserve electronic communications and they acknowledge that their conduct violated record-keeping requirements and agreed to pay combined penalties of 289 million dollars.

These firms are Wells Fargo and a bunch of Wells Fargo entities also related BNP Paribas and SG America Securities Capital Markets and Mizuho, Houlihan Lockley more or Less and Company Word, Bush Securities and SMBC Nico Securities America. So it says compliance with the books and Records requirement of the federal Securities laws is essential to investor protection and to well-functioning markets. And Gerbergero, the Director of the Sec's Division of Enforcement, says his three takeaways for those firms who haven't yet done so: self-report cooperate, and remediate. So it seems clearly the SEC is having big problems with funds not self-reporting not cooperating and not remediating and is obviously encouraging or urging other funds to actually self-report and cooperate or face investigation and fights now.

I Guess while that isn't too much of a threat from the SEC, it does indeed prove. One thing that we know and that is that these funds do not appropriately self-report data. And on top of that, it also seems that word Bush Securities also received a cease and desist letter from the SEC to cease and desist from any future illegal violations. Obviously, the actual issuance of cease and desist letters I suppose does mean the SEC does mean business and obviously wants These funds to stop committing illegal crimes.

I Do think they need to threaten with something more than just a small fine, but I Do think a cease and desist letter is a good start now. Edward Burchak has also added this screenshot showing that web Bush Securities actually pays payment for order flow payments this Citadel Securities and to Wolverine execution Services as well. Clearly, Web Bush Securities work hand in hand with Citadel and that's why we've seen tons of analyst targets from Woodbush Securities over the last couple of years on AMC only a few cents per share if web Bush aren't shorting AMC directly I'm sure they're certainly shorting AMC indirectly through other market makers like Citadel As a result, it seemed the shorts are now trying to hide their short positions to try and avoid SEC Investigation: David Murphy Tweet is saying when do the shorts cover Fintel is showing the Apes short interest went from 13.9 two days ago to now just five percent and the AMC your interest two days ago was over 29 but now it's showing just 10.6 and he said again, I'll ask when did the shorts actually cover these short positions Also, you can currently get a guaranteed free share of Tesla a 50 cash reward, and up to 15 free shares which you could always use to buy more shares of AMC GameStop or a vape. All you have to do is sign up to MooMoo using the link in the description below and make a required qualifying deposit.

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Now obviously we know the answer is that the shorts did not cover because otherwise the AMC price would have gone upwards. That is again, as I've said. Just further reasoning that these shorts and these funds do not accurately self-report Instead, instead they report incorrect data or just don't report data whatsoever, but just simply don't get caught for it Because Finra doesn't have the time to review all data submissions, They trust these hedge funds to self-report and also to self-report any errors that they've made. Obviously, if no reports are made and no self-reported errors are made either, Finra still doesn't investigate and this is obviously the major problem in a market.

When these regulatory organizations like Finra and the SEC don't review what their funds are actually doing because they don't have the time or the Manpower, they just allow these funds to self-report and fully trust them to self-report which I wishly. they just do not do appropriately And it seems why the hedge funds are Running Scared and trying to hide their short positions. If it isn't due to SEC investigation is due to this tweet from Mr David Neo He tweeted saying in ODC We Trust As per the ruling in the markets, there is no ceiling to how high a price can go. He also attached this screenshot of Sky constant Century Incorporated trading on the OTC markets.

This stock over the last few days ran from ten dollars per share up to thirty thousand dollars per share a 299 900 gain. Now I think this screenshot was provided yesterday as you can see the current daily gain in Green, obviously suggesting that this gain was today. If you go to the Yahoo website, it does indeed show the price did hit 30 000 per share yesterday, but has since Fallen back to one dollar and eighty cents per share. I Personally don't have a clue what's going on with Sky constant Century Incorporated But obviously yesterday, it had a massive massive run from ten dollars per share to thirty thousand dollars per share.

And this also goes to show that it is absolutely possible for other stocks like Ames see a Game Stop and others to also run to thirty thousand dollars per share. and it could even potentially run that high in one single a day, going from ten dollars to thirty thousand dollars per share in just one trading day. Now Finally, Robert has also tweeted about the Hedge Fund Titan Who's been watching for a Black Swan event for decades and this Titan says the greatest credit bubble in human history is set to pop. This article says when you write about a stock market and the economy, you get a lot of hate mail.

It's just part of the job. Tempers tend to fray when money is on the line and big names expressed there. At times controversial opinions, but over the past year, even with inflation fading and stocks rebounding, I've received a different type of correspondence from Fortune readers. Simply put, they're worried.

What's interesting is that this hedge fund Titan during the pandemic, posted a fourth thousand, one hundred and forty four percent return and he clarified saying a four thousand percent return was derived not from the fund's entire portfolio, but from its Hedges. So this guy made some individual Investments during the pandemic which individually led to him gaining a four thousand percent return. and he's also said the stock market could lose 40 percent of its value in a soon coming crash. and he said, right now, we're in the greatest credit bubble in human history and that's not my opinion, that's just factual numbers And he said we've never seen anything like this level of total debt and leverage in the system.

It's just an experiment he said, but we know the credit bubbles have to pop. We don't know when, but we know they do have to. So I Think that my Tinderbox metaphor holds. He's basically saying the stock market is about to implode due to record levels of debt and leverage in the system and when this implosion happens, it will be a black Swan event and it will catch stock market investors off guard.

Basically saying the crash will happen at any point and at some point when most people are not expecting it and this crash will lead to a potential 40 downturn. Clearly, this hedge fund Titan is also worried about a credit event and believes that it could happen at any point just around the corner and this credit event is likely to lead to the stock market crashing and therefore likely leading to many other stocks in the market squeeze it as well. But guys, be sure to let me know what you think down in the comments below and as always, guys, be sure to ding that notification Bell because that way you'll be alerted when upload a new video. Cheers!.

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