the Underdoggiest
reacted to and commented on
$AMC Entertainment (AMC.US)$
READ THE PUBLIC STATEMENT
https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery
https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf SR-DTC-2021-002 has been approved ;)
READ THE PUBLIC STATEMENT
https://www.sec.gov/news/public-statement/staff-fully-paid-lending?utm_medium=email&utm_source=govdelivery
https://www.sec.gov/rules/sro/dtc/2021/34-91587.pdf SR-DTC-2021-002 has been approved ;)
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the Underdoggiest the Underdoggiest : OK I’m trying to type up on a quarter inch of space
on my cell so I don’t have the patience to do this well. But here’s the quick dirty and misspelled , the SEC busted several broker-dealers for dipping into their customers cookie jars and borrowing there… Stuff sorry I can’t think of words right now… That required the brokerage firms to provide collateral for those loans. They didn’t, not really. They provided collateral by depositing funds into these customers bank accounts for example but it was deposited in the brokerages name so they had control over it making it really shitty collateral.
The SEC gave them 6 months to fix their thieving mess up, and their time is up on April 21!