The Latest
Elizabeth Warren Asks SEC to Investigate Reddit and Social Media
Is Warren really working for wallstreet or main street?
Senator Warren with a net worth of approximately $12 million, has asked the SEC whether online message boards, Reddit, and other social media outlets have contributed to individuals violating ‘securities laws’ and asked the SEC to take steps that to update its definition of “market manipulation” that the establishment put in place restrictions to restrict trades on $GME, $AMC, and other meme stocks, but selling short on stocks that don’t even exist, like Melvin Capital did…. well, no comment from Warren.
The SEC said it is working with other regulators, including FINRA and the self-regulatory stock exchanges, to “identify and pursue potential wrongdoing.”
The SEC said it will “closely review” actions by “regulated entities” that may have disadvantaged investors or “unduly inhibited” their ability to trade certain securities before vowing to “protect retail investors” from illegal and manipulative trading activity.
Why is wallstreet and DC panicking?
The great “populist” democrat senator asked the federal government to crush these rubes. No surprise since she has significant backers on wallstreet.
Read her full letter to the SEC here.
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miles e drake
February 1, 2021 at 7:35 am
The plan is of course to make the financial markets highly limited in participation and even more tightly regulated and rigged than they are now. The stock market is now like the tables in Las Vegas frequented by such as the Sultan of Bahrain, from which ordinarily people are speedily escorted away. Now that America will follow the Chinese model of communism rather than the Soviet, these games will not be simply eliminated, along with the people who take part in them, as Lenin and Mao would have done, but will be kept the exclusive province of the powerful, like the casinos that operate in the Peoples Republic today. The Wall Street types that are part of the illegitimate Chinese puppet regime, members of the criminal Biden clan and other such politically-connected types like Fauxcahontas will be cut in but as for regular Americans, well, “take him away, guard!”
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