I am making a video, and i am calling out gary gensler and the sec for this abysmal sort of report that came out talking about the events that transcribed in january, between amc, gamestop and other of the so-called meme stocks being taken away of the buy button. You had a bunch of different crazy stuff happen guys if this is your first time watching me if you're not familiar with the events that have taken place back in january, you had a setup for some nasty squeezes. Gamestop ran from from five dollars all the way up to almost five hundred dollars. Amc went from two dollars to twenty five dollars: cost bed bath and beyond nokia blackberry.

Many many other names were having absolutely monstrous days. Smoking shorts that were over leveraged to the tits. In positions that they should not have been in and what are you seeing here right now right, the sec is coming out and they're talking about the events that have taken place in this report and i'll tell you what, if i read this whole thing, all 45 Pages of this - and i tried to find the best substantial information here to share with you guys, but to give you a brief synopsis of dlvr 42 pages of absolute fluff storytelling and three pages of i mean i really i don't know what i was expecting, but I am just appalled at the way that this was put together and i'm gon na show it to you in the most simple way possible. Look at this right.

They've got the audacity to write this on page four and then close off the report with the following statement. The commission's mission is to protect investors, maintain fair, orderly and efficient markets and facilitate capital formation. You know what they say at the end of this right check. This out, i can't even believe this.

However, when shared prices change rapidly and brokerage firms, suddenly suspend trading. Investors may lose money now you guys have that wrong. You know that i want you guys to know that if anybody out there is watching this investors didn't lose money, they were robbed. That was theft.

There's nothing, you don't call it losing money. When you have the opportunity taken away from you to even make it in the first place, that's not risk management, that's theft! That's you being taken out of the game. You don't even have a freaking chance. Nobody did nobody.

If you, if you had stock and all you can do, is sell what happens? Nothing you can't do. I mean the supply and demand is absolutely toasted at that point. So i want to go over this entire report. I'm going to give you my thoughts on different things that they say throughout this and we're going to start off here with page one we're going over a couple different things.

I want to talk about payment for overflow as they address that they also address dark pools and off exchange trading ats trading. I also want to talk about citadel and virtue and kind of the system that they've got built up here, and i want to talk about market makers because they are also addressing this and then i'll give you their so-called conclusion of this uh, this entire situation. So we're starting off here with this piece of this document right now check this out. The payment for order flow creates incentives with regard to the end customer whose overflow is being sold.

The execution of retail orders by op exchange market makers raises further questions. So here you have the sec they're coming out and they're recognizing the same thing that people have recognized forever, which is that payment for order flow has a conflict of interest right, for example, a company like citadel. If citadel, is a firm, they're, also a market maker. What does that mean? Well citadel the firm executes trades on behalf of their clients and for themselves they're trying to make money? On the other hand, citadel who's, also a firm by the way, is a market maker, meaning that they handle transactions for retail and for institutional investors.

Now. Does that sound like a problem? Well, absolutely. It is because they have extra information coming in to help them make better informed decisions and, yes, they're different entities right they're, not they're, not the same thing, but you cannot convince me for a second. After what transcribed in january, that they're, not at least bit intertwined and interconnected and you've got the sec basically coming out and just saying look, this is a problem that needs to be uh considered.

That word considered comes up a lot in this document. That's the most substantial piece that came from payment for order flow. I wish i had more, but that's really that's really all they had to say about that which is going to bring me into the next piece that i want to talk about, which is here on page 35., now check this out. Gme trading in january 2021 shifted the prevailing distribution of gamestop equity executions across venues.

Specifically, the proportion of off exchange activity initially rose as individual investor activity increased. Look at this an increasing percentage of volume executed on exchange when volatility spikes may indicate that market participants, including wholesalers, are seeking to avoid internalizing customer orders to reduce potential losses when hedging becomes more difficult. Now, what does that mean, as i've discussed and many others have discussed, on youtube and financial uh financial outlets? Twitter? Whatever read it? Market makers are a huge, huge, huge piece of this problem, and that is a large part of the reason that citadel gets their fingers. Pointed at all the freaking time, because they are not only a firm but also a market maker who engages in payment for order flow with many different brokerages, meaning that they will pay a kickback to brokerage such as robinhood freaking weeble.

I don't know all the brokers: they've got, they've got a ton of them, but the point being they have incentive to get off exchange and it is being outlined in this exact piece right here, which is going to bring me into the next part that i want To talk about, which is this instead, some of the impacted broker dealers maintain that the trading restrictions reaction to margin, calls and capital charges imposed by the national security clearing corporation or the nscc in response to extraordinary volatility in gamestop and other stocks. So they're trying to paint this off as if it is a margin, slash liquidity problem at the same time as recognizing that there is a drastic increase in overall off exchange activity. The fact that almost half of all freaking trading taking place on dark pools, ats exchanges all off exchange platforms right. It's absolutely absurd.

I mean you're app you're, just screwing the opportunity for price discovery. That's not supply and demand. That's not a true bid and ask that's going to widen the bid and ask spread that's not going to allow true price discovery to take place, which is absolutely absurd. I mean they talk about it in here and you're going to be just mind.

Blown by the end of this document, this is what is insane to me now look at this. They talk about the gamestop saga and the run-up is taking place here. Right. Look at this, while short squeeze did not appear to be the main driver of events and a gamma squeeze less likely.

The episode highlights the role and potential impact of short selling and short covering. What are you talking about? What are you guys, what i can't believe they're, even saying something that absurd, because if you look at this, they recognize the amount of short interest, that's in gamestop and was in game stock 109 on december 31st, and it dropped significantly when right after 500. What the? What the heck do you want to call that you tell me there's nothing to do with shorts and gamma squeezes in that situation, like maybe i'm just misinterpreting what they're saying here, but look at this while the short squeeze did not appear to be the main driver Of events and a game squeeze less likely, the episode highlights the role and potential impact of short selling and short covering. I i i like what do you even say about this? Are they even paying attention like that's what i want to know.

They recognize the unusually high amount of short selling, that's taking place within gamestop. You can see it highlighted in this little paragraph right here and they they also come out on a different page. This is page 29, where they recognize that they come out on a later page 30, and they say it doesn't appear to be the main driver of events. What else would it be? There was greedy pigs out there that were betting against a company that could have potentially gone bankrupt, but we're trying to bankrupt them.

The stock was over a hundred percent, shorted and sure sure there's ways you can get to 100 short interest without naked short selling stock. You can have someone that borrowed stock out and then they borrow that stock out and then they borrow that stock out. But how is that not a broken system? To begin with, how can you borrow the same share a couple times over? That's part of the problem. That's why these guys were getting smoked and then bailed out in the end bailed out in the end, that's ultimate it comes down to, and you have these guys who are just coming out and saying this.

However, when share prices change rapidly and brokerage firms, suddenly suspend trading. Investors may lose money. You know what that tells me. You know what that tells me.

They think that what happened to us is what we should expect it's absolute crap like. I can't even believe i can't even believe that we're reading this in an actual sec document when share prices, change rapidly and brokerage firms, suddenly suspend trading. Investors may lose money. That's like saying you should just expect in any situation like this, that you could just lose, but for no absolute reason right and volatility halt.

Here's an example in a volatility halt when a stock goes up or down too much too fast. They cut off, buying and selling supply and demand. Both gone people have to cool down. Let them do their thing, think it out.

That makes sense right. I can understand that, to some extent you want to let people cool their heads, but in what situation is it? Okay, to take away just the buy button to take away just the demand, so there's only supply the only direction it can go is down. Meanwhile, you've got people like citadel who can buy and sell as they please right. Other big institutions who can buy and sell as they please big banks, other big firms.

I guarantee it happen. Why are you not investigating that stuff? What what are you doing? I mean out of all 45 pages of this. All i did was explain what short selling is what a gamma squeeze is like. What are you doing come on? This was their conclusions, four conclusions.

They had forces that may cause a brokerage to restrict trading a number of cleaning brokers yeah. It's a bunch of absolute nonsense, which brings you into this last piece right here: additional engagement, practices and payment for order flow consideration, be given to weather game-like features and celebratory animations that are likely intended to create positive feedback from training, lead investors to trade more than They would otherwise they are trying to seriously blame the gamestop and amc saga as if it's gamification come on. You really gon na you're gon na tell me a grown ass man. How to spend my money, other grown-ass adults, how to spend their money as if that's the problem, you don't think people can recognize the risk of getting into a squeeze play of getting into a stock.

That's run up that much come on. Come on! No! That's off the table, the only substantial things that they talked about and then there's only consideration right. Only given consideration, which implies absolutely no action was trading in dark pools and through wholesalers and short selling and market dynamics. They talk about having a different settlement period of t plus two, which means two days to settle any equity stock right, that it should be instantaneous or at least faster, and they also recognize that short selling should be more transparent.

There are no 13f's, which is essentially a way to document when a position is established. There's no 13 enough for a short position. They're saying we should consider this right. This is something to take into consideration.

There's really no substantial anything that came out of this document. If i'm gon na give you any sort of takeaway here, it's that i wouldn't bank on the sec getting this job done for you, i'd bank, on your brothers and sisters, your fellow apes, i would bank on the people out there who really actually truly give a Because i'll tell you what this is the impression i'm giving scc. This is the question i'm giving. The commission's mission is to protect investors, maintain fair early and efficient markets and facilitate capital formation.

That's not the impression you're giving in the least bit when you tell us like this, investors may lose money. No, i'm not banking on you until you prove to me something completely different from this garbage of a document, and i know this is a super harsh video, but i'm heated about this. This is absurd to me. I can't.

I cannot even believe that i just read that, but nonetheless that's my brief synopsis of this uh. This document that came out uh, i'm actually gon na, be having a conversation with dave lauer that video will likely come out tomorrow or wednesday. If you guys want to check that out, i'm sure we're going to discuss this we'll have some solid feedback and conversation about it and uh. The last thing i'm going to do here before i call this video is i'm going to open some mail that came in.

I got a p.o box set up it's in the description box down below and i wanted to be able to share with people what uh what got sent to me, because i know for a long time. People have been trying to send me stuff and i haven't been able to get all of it, so this package is coming in from brandon and there are some pretty cool. Looking coins yeah. This is sick.

Look at this says: moaz 2021. We, like the stonk and gorilla gang diamond hand, apes, that's freaking dope. I dig these. I dig these yes, sir, so that's pretty sick.

I appreciate that my friend, thank you. Thank you. Thank you and this one came in from uh ron, so i appreciate you ron as well. If i can open this goddamn package, i'm so bad at this honestly, i need to get a pair of gorilla arms holy.

I need to learn how to edit. So you guys can't watch me struggle here, we go and this is coming in from ron and it is a book mornings with ron inspiring words to start your day and uh. I'm definitely gon na give this a read and it's got a letter in there. I'm not gon na read this right now, all out to you guys, but i appreciate that.

I also wrote a note in the book. Uh, you guys are awesome and i appreciate that a lot and uh, if you guys want to send anything you can, if not i'm chilling, but i didn't want to show you guys and give recognition to those who did because i do appreciate you immensely. So that's what i've got for you guys hit the like button subscribe. If you'd like to i put up videos like this every single day talk about stock market manipulation, corruption, afc, all sorts of different stuff.

That's what i've got so catch on the next one. Much love light taps and peace.