Today I Want to talk about how Congress will soon override the SEC taking down Citadel A former SEC chairman gave his top 10 tips for removing manipulative short Sellers and Congress is now working on a plan to take down those shorts and has also been discussing AMC and Mmtlp as well. So stay tuned and let's make some money. and now I'll drive straight in with the curation. So Force had just tweeted this video of former SEC chairman Harvey Pitt giving his top 10 recommendations and obviously, as usual I don't want to play this full video.

I'll leave it linked in the description below, but I will play a very interesting excerpt. Now, those who've heard me speak before know that I am fond of stating that I have a list of 10 suggestions to solve the specific problem I Do this all the time. First, Sros and the SEC need actively to pursue ongoing chronic and serial Short Selling infractions. Next, meaningful penalties have to be imposed for violations of existing reg.

show requirements. Third, the SEC should Define and punish us fraud, abusive naked Short Selling practices. So there we have a former SEC Chairman admitting that manipulative Short Selling is a massive, massive problem. He said the SEC needs to act faster, They need to punish more, They need to increase the fines and the punishments and determine manipulative short selling as fraud.

This is something I touched on in my video yesterday because right now the SEC determines manipulative short selling as nothing more than an administrative error which it's not. It's clear fraud and instead of appropriately sending people to jail or Banning them from the markets or removing their exemptions, they just issue small speed bumps. Seven million dollar fines. Now this guy actually had Gary Gensler's position back in 2001 to 2003 but had one of the shortest Reigns at the SEC and was removed as a result of scandals I Wonder if that was the real reason he was removed or if he was removed for trying to stop since synthetic short sale.

But what is clear to see is that manipulative Short Selling is obviously a massive deal and a massively widespread problem. If even former SEC chairman are speaking about it, it's clearly not something that doesn't exist or that goes unnoticed because it clearly is noticed as a format. SEC Chairman is fully aware of what happens. It just seems to be ignored or rather the hedge funds pay off the SEC and completely have their Free Will and freeway with the market.

I Think this is a perfect video to show people that say synthetic shorting doesn't exist because it clearly does. If an SEC chairman is talking about it and saying what a massive problem it actually is and how widespread the problem is. And as I've said, it seems Congress will soon bypass the SEC and actually do something about manipulative shorts Dave Lauer Tweeted saying I spent the week in DC meeting with members of Congress, their staff and plenty of people over at the SEC. He said we did talk about Equity Market structure abuse of Short Selling GameStop AMC and yes, even Mmtlp.

He said DC and Congress specifically is paying attention right now to individual investors. He said your comment letters are working and change is happening. He said it might be slower than you want, but we're talking about changing Decades of rules. It takes time saying.

every meeting they've remarked about the number of comment letters and the passion of individual investors. and every meeting they want to know what regulatory and legislative changes could be made to make markets simpler, more fair, and more transparent. We know the SEC is paid off by these hedge funds, the shorts and the market makers, and that's why they never really do anything about the manipulative Short Selling But it seems maybe Congress could bypass the SEC see and effectively take down Citadel either with new regulations or just take them down via the legal system. I Said in my video yesterday how I've pretty much lost faith in the SEC to actually do the right thing, but maybe Congress can take their place as specifically Batman tweeted he said the presence of 50 million FTD shares for AMC, particularly while the company was on the threshold list clearly represents a systemic failure in Finra's regulatory oversight.

As Harvey Pitt was saying, these Sros really don't do anything about the manipulative Short Selling and breaches of Regulation Sho He said it raises concerns about the enforcement of settlement Market Integrity and investor protection I Personally think it raises more than just concerns. The SEC knew about Citadel's crimes and knew about the mitz-marking orders, but instead of removing them from the markets and ordering them to repay or discourage all ill-gotten gains, they just simply find them a tiny amount. Even though seven million dollars sounds like a lot for Citadel that's supposedly made 14 billion dollars in profits, that's like 0.01 of their total yearly annual profits. it's a tiny fraction.

it's a tiny speed bump, and it's effectively ignored by Citadel who will continue to do the exact same thing and commit the exact percent crimes as AMC had tweeted. He said Citadel was charged with Market manipulation last week and the SEC has just retrieved messages from their employees' private devices. But yet Citadel is still allowed to control 40 of all retail orders and hasn't been banned from the market or at least had their exemptions removed. You said? yikes.

It looks like the U.S stock market really is corrupt. But as Day Trader POS tweeted, he said Just Remember, even though the SEC has failed us, they have continued to over leverage their positions. He said as the markets went up, they were still buying stocks on margin. He said this market crash doesn't need to drop much at all before they get much called.

He said a one to three percent drop in the market can trigger itself into a five to ten percent drop or even larger because of margin calls. This is something I've touched on a number of times directly with AMC as they've pushed their price down more and more over the last two years, taking on more and more synthetic shares on a larger and larger leveraged position. AMC doesn't even need to rise much at all before we see liquidations Before AMC needed to see seventy dollars or fifty dollars or even a hundred dollars to see liquidations Now I Imagine those liquidations would happen at 15, 20, or 25 dollars. All of a sudden, a very small move retrospectively in AMC can trigger itself into a significantly larger move.

If AMC doubled or treffled from its current position, it could very easily end up spiraling itself into the mother of all short squeezers. Something also very interesting is that Bill Pulte the previous Jimmy elitist or Gme Enthusiast now wants to unite GameStop AMC and Bed Bath and Beyond Bill Pulte has now said that he's buying a mess ton of Ames shares. This was confirmed yesterday on a live stream with Bill Pultium self. Bill has previously just spoken about AMC but on this live stream said that he loved AMC he loved AMC the company he loved AMC the stock.

He loved what they're doing and wants to buy shares. I've always said AMC GameStop it's the same thing, we're all on the same side, but many of those GameStop elitists disagreed. We're all on the same side of fighting back against Market corruption and only with everyone working together can we succeed. And with everyone working together, it doesn't matter which specific stock squeezes because regardless of which stock squeezes first, all stocks will end up following in The Squeeze as they're all part of that same basket.

And something that's potentially even more interesting is Highcroft Mining seems to be taking a page from Mullen Automotive's book now. I Remember Highcroft Mining works very closely with AMC and therefore AMC Adam Aaron Diane Garrett will all be aware of exactly what's going on over Marlon Recently, Mullen received a realistic notice from the NASDAQ and as a result requested a hearing before the NASDAQ listing qualifications panel. Marlon also brought a lawsuit against a number of trading platforms and Brokers suggesting the only reason the Mullen stock price is down below this listing requirement is due to Market manipulation and now Highcroft Mining has just requested the exact same hearing before the NASDAQ hearings panel. Clearly, Highcroft Mining specifically and Diane Garrett and maybe Adam Aaron and AMC as well think Marlin Automotive are on to the right idea.

Maybe over the next few days we'll will also see Highcroft Mining starting a lawsuit against these same trading platforms and Brokers I Think that would be very interesting to see because if Highcroft Mining does it, AMC would sure to be close behind I Know previously Adam Aaron hasn't spoken much about manipulative Short Selling or about synthetic shares I Believe he's doing that to protect the AMC company. We know that other CEOs have said since they started talking about manipulative short selling, their companies have been targeted even more by those shorts. Some of them even wish they hadn't spoken about manipulative shorts because their company is in a significantly worse position As a result I believe Adam Aaron has been doing his best to try and keep AMC at least somewhat safe from those manipulative shorts. But I also think as more and more lawsuits are started against these trading platforms and Brokers they will soon become an inevitable position when the SEC or specifically Congress has to do something about it.

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!.