Welcome back to the channel everyone today, i want to explain why the shorts are finished and i want to go over this dtcc rule, that's just being implemented, 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 4 300 of you that are currently doing that notification bell, because you guys are always the first to watch a new video as soon as it's released so guys be sure to drop a like down below subscribe to the channel and Ding that notification bell, if you haven't already so that you don't miss another video, just like this one and just a quick one before i dive in with the key information, if you haven't already got your free stocks with moomoo in the us or singapore and free Trade in the uk then be sure to follow the links down in the description below and also be sure to join the team in the private discord to get all of the urgent updates news and due diligence about amc, other stocks and cryptocurrencies as well also linked In the description - and i want to dive straight in with the key information, so nscco5 confirmed implementation friday september 3rd at 10 a.m. Now until now, people have just been speculating that 05 was coming into play on maybe the 1st of september, or maybe the 10th or 14th or maybe just somewhere in september. But now we have an actual confirmed date for implementation. After market close on friday, the dtcc just released this notice.

The nscc has proposed to increase the minimum required fund deposit for each member from the current ten thousand dollars to two hundred and fifty thousand dollars. The nscc has received regulatory approval of the proposed rule, change, sr and scc 2021.05. On august, the 11th 2021 nscc is providing this notice to its members of the implementation and the effective date september 3rd 2021.. On the morning of the effective date, members with a fund deposit below 250 000 will incur a deficit that will be required to be funded by 10 am est.

Now, personally, i think it's great that we actually have a proper implementation date and an actual confirmed date, and i also think it's great that the nsec and the dtcc have put this into practice and put this into play so fast. Considering this was only approved on august, the 11th - it's literally 22 days after approval that it's going live 22 actual days as well, not 22 business days. That is a very, very quick implementation time and i don't think it will be long until we see 010 and 803 being actually implemented as well. So just as a refresher as to what double 05 actually is.

I wanted to read out in a bit more depth because i think it's really really interesting as part of its market risk management strategy. The nscc manages its credit exposure to members by determining the appropriate required fund deposit to the clearing fund and monitoring its efficiency, as provided for in the rules. The required fund deposit serves as each member's margin. The objective of a member's required fund deposit is to mitigate potential loss to the nscc associated with liquidation of the members portfolio.

In the event, the nscc ceases to act for that member. So basically, the nscc is currently worried that members might default and might get liquidated and that might cause monetary loss to the nfcc. Obviously, the nscc don't want to lose money as it's a government-funded organization and therefore they're, requiring members to put up more collateral and more deposit so that when they get liquidated, the nscc doesn't lose money. Clearly, the nscc sees something around the corner, most likely.

The amc squeeze and wider market crash that i've been talking about over the last few weeks. Therefore, the nscc is trying to prepare itself as best it can so that it doesn't suffer any financial loss. The aggregate of all members is required fund deposits, together with certain other deposits required under the rules, constitutes the clearing fund of the nfcc, which it would access. Among other instances, should a defaulting member's own required fund deposit be insufficient to satisfy losses to the nfcc caused by the liquidation of that member's portfolio.

Therefore, when any specific member gets liquidated, if that liquidation causes financial loss to the nsec, then the nsec dips into that fund that fund of all the members putting in their 250 000 to cover any such loss. Currently, each member is required to maintain a minimum required fund deposit amount of 10 000 and that ten thousand dollars is required to be in cash. Therefore, they can't just use other securities as collateral or other securities. As that fund deposit, it has to be actual cash collateral.

The nscc's margining methodologies are designed to mitigate market liquidity and other risks. The nscc regularly assesses its margining methodologies to evaluate whether margin levels are commensurate with the particular risk attributes of each relevant product portfolio and market. In connection with such regular reviews, the nscc has determined there are circumstances where the current minimum required fund deposit amount is insufficient to manage the nscc's risk in the event of an abrupt or sudden increase in members activity. Basically, the nscc has done an internal review and determined that there's too much risk in the market and they think members are going to be surely liquidated now.

That's just one reason why shorts are finished, but what about the other reasons? Well, if we head on over and have a look at the dark hall activity, we can see that the dark pool activity has been decreasing massively over time over the last month or two back in june, we were seeing tons and tons of dark pool activity, although That slowly slid down throughout the rest of june july and august we've even had some days where, in the dark pool we had a net positive, buy position, not a net negative short position. We saw on thursday and friday. What i think are their very last ditch attempts to push down the amc price. I think this is signifying the shorts are all out of ammo to continue shorting the amc stock, they've shorted, all of the real shares in the dark pool, they've shorted, all the real shares on the open market and they've now shorted.

All of the synthetic shares in the dark pool and the open market as well those shorts have no more wood to add to the fire and they've reached their maximum short position over the last week. We can also see the mc stock has been running up nicely and i don't think the shorts have got any more ammo to try and hold it down any longer. And i think over the next week or two, the amc stock is going to fly in line with the cycle theory that i've been speaking about over the last week now. I also want to talk about the sec.

Finally, taking some action and issuing some whistleblower awards. Totaling 2.6 million dollars - these aren't specifically for amc, but at least the sec is starting to take some action. The sec today announced awards of approximately 2.6 million dollars to five whistleblowers, who provided information and assistance in three separate enforcement proceedings. Hey, i think, that's a bloody good amount of money, as it means it's over 500 000 to each whistleblower, probably with some whistleblowers receiving more than others.

In the first order. The sec awarded approximately 1.2 million dollars to a whistleblower who provided valuable, independent analysis based upon a complex algorithm, the whistleblower developed and applied to publicly available data. In the second order. The sec awarded over one million dollars to three individuals whose information and assistance led to a successful enforcement action.

While the whistleblowers held compliance roles at the company, they remained eligible for an award because they submitted their information to the commission more than 120 days after the alleged conduct had been reported internally in the third order. The sec awarded a whistleblower more than 350 thousand dollars. For providing independent analysis that led to a successful enforcement action based on unusual effort and expertise developed over many years, the whistleblower identified patterns among publicly available information that allowed the commission to quickly identify and prevent wrongdoing and to preserve assets. Now i don't actually think these actions by the whistleblowers are too very different to the action that we on reddit and twitter have been performing for amc over the last few months.

As a collective. Since january, we've been analyzing the amc stock, the dark pool trades. The short interest data and a lot more to figure out, what's really been going on with amc, that's very similar to developing a complex algorithm or identifying patterns among publicly available information. Therefore, we could potentially be in with a chance of receiving whistleblower awards by feeding this information to the sec when they eventually investigate or finish their investigation into amc.

Because, as we know, the sec are currently investigating the short manipulation in amc, because amc and adam aaron both had to disclose they can't discuss things in relation to an ongoing investigation. Therefore, it may be that some of the wrinklier brain apes out there get actual rewards from the sec, which would be brilliant, and finally, i wanted to read you this post from reddit. Don't get me wrong, it's very tinfoil hat the sauce is just trust me bro. So don't take it seriously, but i do think it's a very, very good story.

So my parents, financial advisor, is a decent guy, they've known him for years, and he still asks how my brother and i are doing several months ago, my father mentioned i've made an okay amount, investing on my own aside from standard words of caution. He was interested as to what i was investing in. My folks told him about gamestop and the playboy ipo, and a couple of pandemic plays i'd made today when he was talking to my mother. He asked again, and she said i was doing really well.

I was lucky to close my playboy position near the top and had added to that hefty position in amc he immediately perked up and started asking probing questions. How long had i been buying? How much did i have in it? Does she know my cost average? Not sure what she told him, because then he was asking if i was playing with options, my mother gave an emphatic no, his reply was, and this is the hot rumor part good, very good. I have some contact saying: there's a big investigation into anyone. Shorting large amounts of amc due to the market manipulation going on with that stock.

Technically, that part is true, as the sec are actually investigating amc. As that's, why amc and adam aaron had to make a disclosure saying they can't disclose information in relation to an ongoing investigation? My mom said: oh really, she's a proud mum and knows the due diligence. I have relayed yeah. He said, apparently, there's been quite a bit of manipulation.

I can't even trade in it right now. If my clients wanted any i'd have to tell them to get a self-directed account, i can't buy any either otherwise i'd lose my job, because i know about the investigation from my friend at the end of the call he said, give your son my best. I hope he's able to get out at the right time after it shoots up again. My mum said after it squeezes you mean he replied.

Oh, i'm not allowed to say that word to a client, i'm sure he'll know when to sell, though so there you have it apes, second-hand semi-confirmation of a suspicion. We all have for those that skimmed buy and hold is all you need to know. Now. Don't get me wrong, there's obviously no legit source there there's no actual written evidence from the financial advisor that comes from some kind of inner workings of the sec and what they're doing there, but i did think it was a good story guys if you haven't already Got those free shares be sure to check out the links down in the description below to moomoo and to free trade, to get some free shares and also be sure to join the private discord and become part of the team.

Also linked in the description below and be sure to leave a comment, letting me know what you think about nfcc finally being implemented on the 3rd of september and as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way you will be alerted when i upload a new video cheers.