Welcome back to the channel everyone today i want to talk about the sec now forcing funds and forcing individuals to admit their wrongdoings and admit their frauds where the sec can enforce criminal penalties, so stay tuned and let's make some money. But before i dive into the video, i just want to give a massive shout out to the team over on the private discord there. We talk about amc and i give the team urgent news due diligence and updates on amc, gamestop and other stocks and cryptocurrency as well before i even make a video linked in the description below and now i want to dive straight in with the key information. So the sec doesn't want to let firms and individuals get by without admitting wrongdoing anymore as part of enforcement actions.

This here is the big dog gerberger wall who says the sec will require companies involved in settling some civil enforcement actions to admit their wrongdoing. According to a wall street journal report, the agency that enforces laws against market manipulation largely abandoned emissions of wrongdoing during the trump administration. But businesses may resist the sec's latest shift because admitting violations of the law can lead to other, more serious consequences. The sec will return to a policy of requiring companies involved in settling some civil enforcement actions to admit wrongdoing.

Previously, if a fund like citadel committed fraud and market manipulation, they could just say no, we didn't commit any fraud, but will pay the fine anyway and that way, because they haven't admitted to the fraud they can't be charged on a criminal level and therefore people, like Ken griffin can't go to jail and because, as soon as the sec receives their fine, they just drop the case and don't end up pursuing it and don't end up confirming any such wrongdoing. But such admissions in certain cases will strengthen the deterrent value of enforcement actions and increase public trust in financial and government institutions said sec enforcement director gerbig wool, who addressed an annual agency conference sponsored by the practicing law institute when it comes to accountability. Few things rival the magnitude of a wrongdoer admitting that they broke the law. Grewal was quoted as saying by the wall street journal admissions, given their attention-getting nature, also serve as a clarion call to other market participants to stamp out and self-report the misconduct.

To the extent it's occurring in their firm, the agency that enforces laws against market manipulation is returning to a policy started during the obama administration that was largely abandoned during the trump administration. The reporter said the sec in 2013 said it would make companies and individuals admit wrongdoing as a condition of settling civil charges. In certain cases, the agency at the time was facing pressure to show it could clamp down on wall street abuse, after failing to detect practices in mortgage bond and derivative markets that contributed to the 2008 global financial crisis. But businesses may resist the sec's latest shift, because admitting violations of the law can lead to other consequences.

For example, investors or other parties may file litigations claiming that they were harmed by the wrongdoing. Meanwhile, the sec can also refer fraud cases to the department of justice which can enforce securities laws through criminal penalties. Fraud is the most serious type of allegation. The sec investigates and user of intellect the phd data analyst has just tweeted saying the amc squeeze is now starting to become official.

Amc has just had a breakout, as you can see. Amc's just had a break out of this triangle pattern, and especially today, when it's continued, this breakout up to around 40 dollars and above now i know technical analysis doesn't really work on amc because it's so heavily manipulated. But i wanted to show you this chart and the breakout before showing you the next one user of intellect, followed that up by tweeting, saying, based on the symmetry shown here on the amc chart. A third pendant is the most plausible scenario, considering the billions of synthetic short shares and the inability of shorts to break the pendant, at least to the tip of the previous one.

You can see here from this chart. The first pendant obviously broke to the upside. Taking amc to around the 70 region, it's then consolidated over the previous few months and is now ready to break to the upside again to form that third cycle. The key part here is the calculations that user of intellect has done, and she said that anything above a hundred dollars, if sustained for three days at least equals a margin call which would cause the mother of all short squeezes.

Now i also wanted to retouch on something that i've spoken about before and give a bit of an update, which is the all text, data for the average age of shares on loan. As you can see, it's the green line here back in january, the average age of shares on loan was fairly low. This obviously ramped up towards june, because shorts were losing control of their position because they were underwater and therefore couldn't cover and amc shot up significantly. When amc shot up massively so did the average age of shares on loan, because obviously those hedges couldn't cover their position.

New shorts, obviously open positions around the 60 to 70 region and therefore the average age of those shares on loan fell because of all the new shorts. But now all of the shorts are stuck not just the old shorts, but the new shorts as well as you can see. This average age of shares on loan has been climbing consistently over the last few months, even back in june. The average age of shares on loan was only around 40 days, but now you can see this green line is all the way up here.

Nearly at 72 days of an average age of a share being on loan, this goes to absolutely show that the shorts aren't covering and not only are the shorts not covering, but they can't cover because they're stuck and they're running out of time and they're running out Of new ammunition to add to their short positions, we note the shorts are running out of ammunition to add to their short positions, because you can see over the last few days or the last few weeks. This average age of shares being on loan has increased, even faster and even more vertically than it had been previously over the last few months. This basically means that there is no new shorts, basically no new shorts opening positions compared to what there was a few months ago. The hedges are struggling to keep amc price locked down because they don't have any more cash to add to their positions.

Over the last few weeks, you may have noticed i've advertised the gsx gold standard, cryptocurrency, well, they've actually just run their first in-person event and i'd like to share with you a little footage we're here at the first ever gsx marketplace. This thing has been hopping all day long. This is our first go-around we're going to have these reoccurring in this location and many others. Soon, it's been incredibly successful.

Even this first time we've had hundreds of people show up. We've been very excited about this initiative. I'm very glad that we're finally able to show you what we've been up to behind the scenes, so this event was ran to introduce real-world application for cryptocurrencies and, most importantly, stable coins. Gsx will be running many more events like that in the future and will also be running many more giveaways like this in the future as well.

So if you want to hold a cryptocurrency with real world application, be sure to check out the link down in the description below but as always be sure to do your own due diligence as this is not financial advice. And now i also wanted to talk about robin hood markets or robbing hood markets robbing from retail and giving to citadel. Robin hood is the poster boy for the craziest, most unregulated stock market era since 1929, that one ended in tears, and this one will also robin hood. Markets obviously operates a commission-free trading app that became popular in march 2020 with millennials and gen zias, who fancied themselves as day trading geniuses.

The company also obviously went public in july 2021 at 38. A share aside from the fact that hood is symbolic of the biggest stock bubble in history. The corporate suite is riddled with fraud and corruption, as we now know, as it turns out, the trading service is not exactly free. The bulk of hud's revenues come from routing its order flow to third-party trading firms, rather than the stock exchanges.

As a former wall street junk bond trader, i can guarantee that citadel and susquehanna front run the order flow by taking positions with buy orders, for instance in the stock or options being routed to each firm. Before executing the robin hood orders, the hood orders drive up the price of stocks or call options like amc and gamestop and citadel or susquehanna, then unload their front running positions for a profit that exceeds what was paid for the order flow. So this part here kind of gives the business explanation as to why citadel and susquehanna and other market makers actually pay for that order flow. Obviously, if they can pay ten dollars to front run a position and profit fifteen dollars on that front, running they've made a good profit and that's why they buy all that order flow to put it through the dark pools and the front run their orders in front Of the mechanics of this may be akin to scaling fish for profits, because, if they're only making a one cent profit per share, it sounds fairly small but aggregated over tens of billions of orders.

It is huge, it's effectively free money for citadel and susquehanna, and it's also easy to hide and hard for regulators to prove if they even bother trying - and this is obviously just only one of the ways in which wall street skims money from investors now i also Wanted to give a bit of an update on the wider market as well. You can see from the foreclosure filings in quarter 3 of 2021, there was 45 517 foreclosure notices issued and that's up a whopping 68 from quarter 3 of 2020, and this just goes to show that at the moment the wider stock market is so disconnected from reality. If you look here in the corner, the dow jones is up 0.91 and yet foreclosures are up a whopping 68. If we have a look at the reverse, repos we're now back up to that 1.4 trillion dollar overnight, reverse repo level, and if we also have a look at the daily treasury balance, we're now down to only 58 billion dollars in the us treasury, supposedly the u.s Treasury is going to last until december 3rd, but it could potentially only last another three or four days before running out of cash entirely guys be sure to.

Let me know down in the comments below what you think about the fcc. Now forcing firms and individuals to admit their wrongdoing and admit their frauds and as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and in that notification bell, because that way, you'll be alerted. When i upload a new video cheers,.