Welcome back to the channel everyone today, i want to talk about the biggest problems with the sec and why the sec is currently failing us, 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, they get urgent news due diligence and updates about amc, other stocks and cryptocurrencies as well, and they get access to all of my live. Real-Time trades linked in the description below - and i want to dive straight in with the key information, so talk is cheap. The trust issue we have with the fcc and gary is the classic given inch and take a mile. You go on tv and you say a bunch of stuff right.

Try and smooth things over a little bit give some reassurance that our tax dollars are at work. But then you spend my tax dollars on stopping two-bit ponzi schemes running a little over 100 million dollars. But you look the other way, while kenny g racks in up to one trillion dollars or over one trillion dollars in reverse repos and blatantly uses an algorithm on top of an absolute conflict of interest as a market maker, as well as a hedge fund manager. He's also allowed to completely and on record abuse the dark pool to route nearly 65, sometimes 70 percent of all orders into the dark pools.

Also, we can cheat the tax paying americans who are investing in a company, they believe in you. Let it happen every day at our tax dollars, expense, and then you expect us to trust the process. Should the people who lost their homes and jobs in 2008 have trusted the process. Talk is cheap, gary tick, tock, and all of this is just amplified by some of gary gensler's recent tweets.

We've just put out a request for comment on digital engagement practices like gamification and robo advising so gary genzler is currently focused on robo, advising compared to all the illegal manipulation and abusive short selling. That's currently going on right, under their noses we'd love to hear how you use these tools and what you'd like to see at the sec. Well, i mean everyone's been commenting on his tweets every single day since he joined twitter to investigate amc, the dark pools and the abuse of short selling. And yet, as far as we're aware, he hasn't done anything and he said, read my full statement at today's request.

For comment on digital engagement practices here, i'm interested in the answers to the many questions included in the request for comment, but i'm particularly focused on policy questions about how we protect investors engaging with technologies that use digital engagement practices and here's a comment that explains absolutely That from unusual wales, gary i like listening to retail, you know some of their other concerns. Gamestop and amc restrictions, dark, pulls and frank market manipulation. They want to know you will act, not just paul. The game has begun and comments like this have been left on.

Gary ginsler's tweets every single day since he joined twitter and not to mention the countless number of requests that we've submitted on the sec website. I also wanted to bring this to your attention with possibly the best article that i've ever read. Sadly, but not surprisingly, many continue to derisively dismiss the existence of rampant and illegal naked short selling of amc, gamestop and other publicly traded stocks and the related printing of hundreds of millions or more of synthetic shares. These folks, who have clamped their thinking facilities in an ironclad vice of denial against what they wrongly believe, are tinfoil hat conspiracies of the apes, might want to pry open their closed minds.

By reading this wall, street's naked swindle by matt tiabe, i think matt tiabe contributing editor to rolling stone magazine accomplished. Author and media personality is a rock star journalist, an opinion that isn't exactly music to the ears of many on wall street. In this article, mr tayabi shares his fascination and utterly depressing insight into the twin. This word of bear stearns and lehman brothers ursula behemoths on wall street.

Mr t abbey writes when bear and lehman made their final leap off the cliff of history. Both undeniably got a push, especially in the form of flat out counterfeiting scheme, called naked short selling, wow, the roots of short selling, the old chaotic paper runner-based settlement system, the establishment of the dtc to facilitate electronic trading and the resulting explosion of legal and illegal short Selling the parallel explosion naked short selling and how the establishment of the dtc made felt delivers possible and rampant. The startling fact that pil payments in the leader of dividend could be evidence of the crime cough are the ceos of amc and gamestop paying attention. The nuts and bolts of naked short selling, a 2005 passage of regulation sho to counter naked short selling, which was toothless and a timid measure how patrick bayern ceo of overstock was turbo fragged by the mainstream media as a tinfoil hat lunatic for his fight against naked Short selling sound familiar the unholy nexus between the rise of prime brokerages and naked short sailing and the role of market maker firms and option trading in this whole mess.

Now the title of this article is wall. Street's naked swindle a scheme to flood the market with counterfeit stocks, which helped kill, bear stearns and lehman brothers and the feds have yet to bust the culprits. Now i think this sounds all too familiar with amc and gamestop on tuesday march, the 11th 2008 somebody. Nobody knows who made one of the craziest bets wall street has ever seen.

The mystery figure spent 1.7 million dollars on a series of options. Gambling that shares in the vulnerable investment bank bear stearns would lose more than half their value in nine days or less. It was madness like buying 1.7 million lottery tickets according to one financial analyst, because at the time nobody knew that bear stones was vulnerable. It was one of the largest investment banks in the world and was absolutely fine and was in no danger of going under.

But yet somebody placed a bet with an option that had literally a week and a half till expiry that bear stearns was going to drop by 50 and, what's even crazier, is that the bet paid at the close of business that afternoon bear stearns was trading. At 62.97, at that point, whoever made the gamble owned the right to sell huge bundles of bear stock at 30 and 25 on or before march 20th. In order for the bet to pay bear would have to fall harder and faster than any wall street brokerage in history. The very next day march 12th bear went into a free fall by the end of the week.

The firm had lost virtually all of its cash and was clinging to promise of straight aid. By the weekend, it was being knocked to its knees by the fed and the treasury and forced at the barrel of a shotgun to sell itself to jp morgan chase, which had been given 29 billion dollars in public money to marry its hunchbacked new bride. At the humiliating price of two dollars a share, whoever bought those options on march, the 11th woke up on the morning of march 17th, having made 159 times his money of 1.7 million dollars or roughly 217 million dollars from one options bet. This trader was either the luckiest guy in the world, the smartest person ever or or what that this brazen case of insider manipulation was so obvious that even senator chris dodd, chairman of the pillowsoft touching senate banking committee, couldn't help but remark on it.

A few weeks later, when questioning christopher cox, the then chief of the secretary and exchange commission, i would hope that you're looking at this dodd said, this kind of spike must have triggered some sort of bells and whistles at the sec. This goes beyond rumors cox nodded sternly and promised. Yes, he would look into it. What actually happened is another matter again, the sec, turning a blind eye just like they're doing right as we speak with amc and gamestop.

Although the sec issued more than 50 subpoenas to walk street firms, it's yet to identify the mysterious trader, who somehow seemed to know in advance that one of the five largest investment banks in america was going to completely tank. In a matter of days, i've seen the sec send agents overseas in a simple insider trading case, to investigate profits of maybe two thousand dollars, but they did nothing to stop this massive 217 million dollar profit from betting that one of the five largest investment banks was Basically, going to go bankrupt in nine days now, where it really gets juicy is where the article talks about bear stearns and naked short selling. Bear stearns, wasn't the kind of company that had a problem with naked short selling before march the 11th 2008. There had never been a period in which significant quantities of bear stock had been sold and then not delivered, and the company had never shown up on the regulation sho list but beginning on march 12th.

The day after the fed meeting that failed to include bear and the mysterious purchase of the options, betting on the firm's, imminent collapse, the number of counterfeit shares in bear skyrocketed the best way to grasp what was happening is to look at the data on tuesday march. The 11th there were 201 000 shares of bear that had failed to deliver the very next day. The number of phantom shares left to 1.2 million by the close of trading that friday, the number passed 2 million, and when the market reopened the following monday, it saw to 13.7 million ftds in less than a week. The number of counterfeit shares in bear had jumped nearly 70 fold.

The giant number of undelivered shares over the course of that week amounted to one of the most blatant cases of stock manipulation in wall street history for bear stearns of all companies. There is not a doubt in my mind, not a single doubt that naked short selling helped destroy bear says senator taye kaufman, a democrat from delaware who has introduced legislation to curb such financial fraud asked to rate how obvious a case of naked short-selling bear was on A scale of 1-10, the former sec council, brent baker, doesn't hesitate and says easily a 10.. I wonder what rating he'd give to amc and gamestop. I imagine it would also be easily a 10.

lehman. Brothers then saw the exact same thing a few months later, so there was the same: blatant manipulation in some of the largest financial institutions and some of the largest funds in history and yet the sec just kind of turned a blind eye and looked the other way. There was even more felt, delivers in layman brothers and bear sterns than we've seen in amc, and yet the sec just simply didn't care the fcc. Let him get crushed and let people make millions and billions of dollars and did no investigation or did an investigation.

But didn't find anyone guilty and yet they'll go overseas and find someone guilty of two thousand dollars worth of fraud, and i personally think this is the biggest failing of the sec. Talk is cheap, gary talks a lot and he says, he's gon na. Do all these things, but he hasn't followed through also guys. I wanted to explain and guide you through the deposit process with my new partner moomoo.

If you haven't already signed up to moomoo, i've got a link for it down in the description below, but i've noticed some of my subscribers are struggling to deposit. So i wanted to make this tutorial. I also wanted to explain how you can use moomoo to not only buy stocks on the us stock exchange like the nyc and the nasdaq, but also on the hong kong stock exchange as well. So the first thing you want to do is go into your moomoo app go down into the me section and then once you've opened your account you'll be able to deposit either by ach or by wire transfer.

An mch is just a direct deposit. So it's very easy: there's no fees, it's very quick and it's super straightforward to link moomoo with your bank. Cam mumu, which is owned by future holdings, is also fully integrated with played, as you can see there. So it's super encrypted.

It's super safe and you don't have to worry about your passwords or your data being stolen or lost. So all you need to do is scroll down, find your bank account, let's say, for example, you're using bank of america. All you do is select bank of america. Input, your username and password and away you go and don't forget it's integrated with played, so it's very, very safe and secure.

In addition, if your bank isn't listed with played, you can also enter all of your details and there's a very simple, step-by-step guide, to link your bank account with played once you've linked your bank account. All you need to do is select how much you want to deposit and away you go one super brilliant advantage of moomoo is that you don't have to wait the three to five days for your ach to clear moomoo, give you the buying power instantly. So you can trade the same day. Alternatively, you can fund your account with a wire transfer, which is very straightforward, and it's performed the same way that all wire transfers are moomoo is also a really great platform, with early access to initial public offerings.

Seamless access to hong kong stocks, the full extended trading hours and they're, fully registered with the sopc and finra and fully insured with up to five hundred thousand dollars, guys be sure to. Let me know down in the comments below what you think the biggest failing of the sec actually is, 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:.