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Better Markets Profile
Better Markets

@BetterMarkets

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An independent, nonpartisan, nonprofit promoting the economic security, opportunity & prosperity of the American people. NEWSLETTER:

Washington, DC
Joined June 2010
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@BetterMarkets
Better Markets
3 years
Hey, @reddit @wsb_page @wallstreetbets @WallStBetsLIVE @GameStop want to know what @citsecurities is up to now? Rigging the markets to protect their predatory behavior so you LOSE; we filed a legal brief today to stop them. You can read it here:
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@BetterMarkets
Better Markets
5 years
. @RepAOC : "You stated earlier that you believe consumers own their own data. Do consumers or everyday people explicitly consent to giving their data to you?" A: "There is not a consent" @AOC : "So there's no way for them to prevent you from collecting it"
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@BetterMarkets
Better Markets
3 years
What is the latest "plague on our equity markets" ripping off retail investors & involving @citsecurities ? Read our legal brief here & our press release here to find out:
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@BetterMarkets
Better Markets
2 years
“The GameStop frenzy really ripped the curtain off of the financial system, and kind of the mechanics of how dysfunctional and rigged our current equity markets are,” says @DennisKelleher in #GamingWallStreet on @HBOMax .
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@BetterMarkets
Better Markets
3 years
Predators, crooks, scammers, corporate executives, Wall Street CEOs, put your seatbelts on - Gary Gensler was just confirmed as Chairman of the #SEC . Investor and market protection will be the priority; coddling corporate criminals, not so much! 1/
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@BetterMarkets
Better Markets
3 years
While @SEC_News Chair Gensler has the power, he'll be under enormous industry & political pressure to NOT use it to protect investors & markets, but to let the rigged gambling continue; we must push back! @FSCDems @GameStop @Reddit @WallStreetBets @WSBmod @StonksReddit
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@BetterMarkets
Better Markets
3 years
SEC chair Gensler says agency will enforce rules 'aggressively' against bad actors
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@BetterMarkets
Better Markets
3 years
The legal brief supporting #SEC re @IEX D-Limit order is long, but this press release is shorter - the decision will be key for everyday investors like those on @RobinhoodApp @reddit @GameStop ripped off by HFT predators like @citsecurities : 2/
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@BetterMarkets
Better Markets
3 years
Better Markets today filed an amicus brief w/ DC Circuit supporting @SEC action that will help retail investors fight back against HFT abuse. Our Steve Hall said outcome of Citadel v. SEC case will have a "huge impact on everyday investors’ ability to protect their money."
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@BetterMarkets
Better Markets
3 years
That's what's at stake w/ the @SEC_News Chairman's job generally, but @SECEnfDirector in particular. If people lose faith & trust in our capital markets - if #WallSt 's rigging continues - then the US won't have the best, deepest, most liquid markets & every1 will suffer
@TexasM3
Mark Banning
3 years
@BetterMarkets @SEC_News @SECEnfDirector Retail investors will lose complete faith in the US markets if the status quo remains. No more 401ks, IRAs, equities or mutual funds. We won't continue to fund a crooked game.
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@BetterMarkets
Better Markets
3 years
After 4 years of the #SEC putting industry profits first, this is great news for retail investors; bad news for market predators. @SEC_News @SECEnfDirector @SEC_Enforcement @SEC_Investor_Ed
@SECGov
U.S. Securities and Exchange Commission
3 years
The SEC welcomes Gary Gensler to the Commission. See photos of his swearing in.
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@BetterMarkets
Better Markets
3 years
. @RobinhoodApp employees/supervisors/executives who were involved in illegal conduct should be personally sanctioned & Robinhood should have been required to give up all ill-gotten gains, made all customers whole, & paid a fine many multiples of the money made & losses inflicted.
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@BetterMarkets
Better Markets
3 years
Reforms to money market funds are needed & long overdue which is why we urged #SEC to implement reforms to increase transparency & reduce the risk that #taxpayers will have to bail out the industry--again. Learn more here
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@BetterMarkets
Better Markets
3 years
We filed a legal brief supporting #SEC re @IEX D-Limit order b/c the outcome of this case will have a huge impact on the ability of everyday investors to protect their money from being siphoned away by HFT firms like @citsecurities : 1/
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@BetterMarkets
Better Markets
2 years
. @Citadel , @citsecurities , Ken Griffin and high-frequency traders everywhere have been put on notice by a D.C. circuit opinion that both rejected ALL of Citadel’s arguments and stands up for ALL investors.
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@BetterMarkets
Better Markets
2 years
Short selling in $GME & other #memestocks could not happen without financial firms lending their securities to hedge funds etc. to short. We support @SECGov ’s proposed securities lending rule, which would bring more transparency and regulation. #shortsell
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@BetterMarkets
Better Markets
3 years
YES @BradSherman asking @FINRA why not disclose short selling information so investors & markets know more! End secrecy & selective disclosure. @FSCDems @SEC_News @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
For years the SEC has neglected its enforcement duties, and the resulting Wall Street crime spree has costs investors, savers, and retirees millions. We hope that the agency’s new enforcement director will take action to punish and deter lawbreakers
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@BetterMarkets
Better Markets
3 years
Our securities markets are rigged in favor of Wall Street at the expense of everyday retail investors. So, in @citsecurities v. @SECGov , we weighed in with an amicus brief to help defend a new order type developed by @IEX , an investor-friendly exchange.
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@BetterMarkets
Better Markets
2 years
We can't wait!
@dlauer
Dave Lauer
2 years
Tomorrow at 8pm, @TheProblem takes on the stock market, and you can hear me talk about conflicts-of-interest, complexity and other multi-syllabic words! "The stock market is like a casino. The only real difference is a casino is well regulated. And they kick out cheaters."
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@BetterMarkets
Better Markets
3 years
YEAH. Finally, a (acting) head of the #SEC who is focused on putting investors 1st, not the industry or past/future Wall Street clients. Hopefully, Gary Gensler will be confirmed this week & he can restore the mission, focus & commitment of this crucial regulatory agency
@SECGov
U.S. Securities and Exchange Commission
3 years
Acting Chair Allison Herren Lee: "The DOL is taking important and thoughtful steps to protect investors’ best interests and ensure that fiduciaries meaningfully address conflicts of interest that can undermine the advice investors receive."
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@BetterMarkets
Better Markets
3 years
Thanks to everyone who joined our CEO @denniskelleher to discuss @GameStop , @Citadel @robinhood & other issues today @reddit . Redditors had lots thoughtful & insightful questions. Special thanks to @RedChessQueen99 for her work as mod! Now, let's get people power going!
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@BetterMarkets
Better Markets
3 years
Today's @FSCDems 3rd hearing on #Gamestop , market volatility should be very interesting w/ #SEC_NEWS Chair 𝐆𝐚𝐫𝐲 𝐆𝐞𝐧𝐬𝐥𝐞𝐫 as 1 of witnesses. @DennisKelleher will be live tweeting the hearing which starts at noon, ET.
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@BetterMarkets
Better Markets
3 years
Or, as our CEO @DennisKelleher was quoted as saying: "Constant attempts by some of the industry to evade rules and regulations and a level playing field are in for a rude awakening from a Gary Gensler #SEC ." @kelmej 2/
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@BetterMarkets
Better Markets
3 years
That's what we need: the power of @reddit & retail is vast, but untapped/undirected. If you join us, we will change the system. Retail will be the priority & the crooks might even go to jail! @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid
@STill747
Simon T
3 years
@BetterMarkets @jpmorgan @GoldmanSachs @MorganStanley @Citibank @WellsFargo @SenSherrodBrown @SenateBanking @wsbmod @reddit Pretty soon your going to have minimum 300 000 pretty upset and extremely wealthy Apes from r/superstonk that are going to want some accountability and these criminals to go to jail... prepare to be the best funded lobbyist group in America soon...
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@BetterMarkets
Better Markets
3 years
Happy to be part of 45+ organizations calling for @WhiteHouse initiative on Inclusive Economic Growth; we have long-supported such initiatives which help Main Street families & workers & recently called for a cabinet-level Department of Economic Security to create more equitable
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@BetterMarkets
Better Markets
3 years
Hahahahah.........we don't "charge" a visible upfront fee; we extract an invisible after-the-fact fee = we get rich off of you; isn't that what the Sheriff of Nottingham would do, not Robin Hood: rob from retail & enrich billionaires @RobinhoodApp @GameStop @reddit @citsecurities
@JoeSaluzzi
Joe Saluzzi
3 years
Slinging arrows already
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@BetterMarkets
Better Markets
3 years
. @SenWarren says $4 billion paid in overdraft fees by poorest Americans during pandemic even though @federalreserve & other regulators bailed banks out; @jpmorgan CEO Jamie Dimon refuses to answer her questions. @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit
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@BetterMarkets
Better Markets
3 years
Another example of @business missing the story: " @SECGov Investigating Archegos for Potential Market Manipulation" saying "Its implosion in March cost global banks more than $10 billion" but no mention of ~$200 billion mkt cap losses suffered by investors!
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@BetterMarkets
Better Markets
3 years
. @FSCDems 3rd @GameStop @RobinhoodApp @citsecurities hearing is over! We end where we started: applaud Chair @RepMaxineWaters for her leadership on these key issues-call her DC office & say thank you: (202) 225-2201 @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99
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@BetterMarkets
Better Markets
3 years
If you thought his @FSCDems testimony was good, don't miss our CEO @DennisKelleher u/WallSt4MainSt hosting an AMA at this Friday at 1PM EST; he'll be talking @GameStop @citsecurities @RobinhoodApp #paymentfororderflow & much more!
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@BetterMarkets
Better Markets
4 years
every time @AndrewYang talks he adds real value, insights & perspectives that would not otherwise be heard; all other candidates should pay attention @ewarren @JoeBiden @amyklobuchar @PeteButtigieg @BernieSanders #DemDebate
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@BetterMarkets
Better Markets
3 years
Bad that @SECEnfDirector had to resign today, but it's an opportunity for @SEC_News to break with the disreputable pattern of hiring #WallSt defense lawyers hoping they will do the job the American people need which they haven't for decades: 1/
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@BetterMarkets
Better Markets
3 years
Any1 else notice how @RepBlaine read his very carefully drafted questions? Wonder which #WallSt bank, trade group or lobbyists wrote them. Sad how Congress works or doesn't! @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @FSCDems @RepMaxineWaters @GameStop
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@BetterMarkets
Better Markets
3 years
Thank you @RepCasten for stating what so few in Washington will admit: for companies like @robinhoodapp , fines for lawbreaking are just a cost of doing business. To crack down on wrongdoing, regulators need to hold executives accountable!
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@BetterMarkets
Better Markets
3 years
Hahaha. & some still say that the markets aren't rigged by insiders for insiders! What's a few billion dollars between friends, while stopping retail from buying, helping shorts cover, etc. @FSCDems @GameStop @Robinhoodapp @citsecurities @SEC_News @Reddit @WallStreetBets @WSBmod
@aosipovich
Alexander Osipovich
3 years
New wrinkle in GME saga: DTCC chief says on Jan. 28, NSCC waived capital premium charge for all members, not just Robinhood, "using the discretion provided in the rule." RH initally faced a $2.2bn capital premium charge that day, later reduced to zero. That's a lot of discretion!
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@BetterMarkets
Better Markets
3 years
Join President and CEO @DennisKelleher this Friday at 1 p.m., ET, for a Q&A re #GameStop , #Robinhood , #Citadel and much more on ...
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@BetterMarkets
Better Markets
3 years
Odd that so many of the questions being asked by Republicans at the @FSCDems @GameStop hearing are exactly the questions that the industry would like asked. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
. @FSCDems hearings last wayyyyy too long, but important to stay tuned b/c like now @RashidaTlaib asking important questions about @citsecurities , systemic risk & investors. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters @FINRA @FSCDems @SEC_News
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@BetterMarkets
Better Markets
3 years
Our press release on @citsecurities - Ken Griffin's revolving door hiring of ex- @CFTC Chairman: "The Epidemic of Regulators Selling Out to the Highest Big Finance Bidder & Undermining Public Confidence via the Revolving Door Must be Outlawed":
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@BetterMarkets
Better Markets
3 years
. @RobinhoodApp 's IPO filing has picked it's ticker as "HOOD" but, after the $65 million @SEC_News fine last Dec & now @FINRA 's $70 million fine, shouldn't it be "Hoodlum"? @GameStop @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid
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@BetterMarkets
Better Markets
3 years
Yet another example of big finance using its economic power to buy political power to keep the system rigged to enrich themselves more, all at the expense of the country: @citsecurities "Hires Ex- @CFTC Chair Tarbert as Legal Chief": 1/
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@BetterMarkets
Better Markets
3 years
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@BetterMarkets
Better Markets
3 years
. @SEC_News Chair is right: don't regulate "social media" - regulate/punish the predators & manipulators of & on social media who rip off #MainSt investors. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @FSCDems @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
Big pro-investor announcement from @SEC_News just now: it fired the Trump installed anti-investor head of the PCAOB & will be removing the other 5 as well; this is great news! our release here:
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@BetterMarkets
Better Markets
3 years
Looking forward to hearing our Legal Director & Securities Specialist Steve Hall talk @GameStop , #retail investors and lessons learned tomorrow PM as part of panel discussion at @NASAA conference on public policy. More info here:
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@BetterMarkets
Better Markets
3 years
Read our statement.
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@BetterMarkets
Better Markets
3 years
Nice headline for revolving door piece by @staffordphilip @JARennison @FT : "Ex-CFTC chair joins Citadel Securities 27 days after leaving regulator" (although the enforcement claims are inflated!):
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@BetterMarkets
Better Markets
3 years
Definitely good!
@tick3rtalk3r
alphaomega.loopring.eth
3 years
$AMC $GME good or bad?
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@BetterMarkets
Better Markets
3 years
Yes, @SEC_News Chair: the American people incl. investors must have the right to go to court to get real justice when ripped off, not forced into biased, secret arbitration. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @FSCDems @RepMaxineWaters @GameStop
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@BetterMarkets
Better Markets
3 years
Truth, yet @RobinhoodApp @citsecurities & cronies are going to spend tens of millions of dollars to keep enriching themselves by convincing traders otherwise; gamification IS exploitation plain & simple NOT democratization. @RepMaxineWaters @reddit @wallstreetbets @gamestop
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@BetterMarkets
Better Markets
3 years
Hey, @SEC_News Chair, "infrastructure" isn't "plumbing"-it's how retail investors' orders get routed from @RobinhoodApp to HFT firms @citsecurities -that's where retail gets ripped off-that has to change: end #PFOF ! @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99
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@BetterMarkets
Better Markets
3 years
. @RashidaTlaib is right to thank @FSCDems Chair @RepMaxineWaters for holding these hearings & shining a light on these key investor issues; no accident she's alone in doing this-powerful forces silencing others! @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99
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@BetterMarkets
Better Markets
3 years
The @FSCDems holds its 3rd hearing on #Gamestop , market volatility May 6 at noon and @DennisKelleher will be live tweeting as #committee members ask Qs & hear from witnesses, including #SEC_NEWS Chair 𝐆𝐚𝐫𝐲 𝐆𝐞𝐧𝐬𝐥𝐞𝐫.
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@BetterMarkets
Better Markets
3 years
There's little/no shame in DC, but is there a point that an adult Congressman gets embarrassed reading questions #WallSt lobbyists feed them? Based on half @FSCDems hearing, the answer is NO. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
Everyone is busy, but if you care about retail investors rigged mkts @GameStop @citsecurities @RobinhoodApp , take 23 minutes to listen to this insightful podcast w/ @DennisKelleher : @reddit @StonksReddit @WallStreetBets @WSBmod @RedChessQueen99 1/
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@BetterMarkets
Better Markets
3 years
What does Ken Griffin owner of @citsecurities who pockets billions of dollars from retail traders like @RobinhoodApp & savior of short selling #MelvinCapital do w/ his money? He's a top megadonor to Republicans so he can keep doing it @ShaneGoldmacher
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@BetterMarkets
Better Markets
2 years
The @GameStop trading frenzy brought attention to longstanding deficiencies in the regulatory guardrails governing #ShortSelling . See our recommendations for how we can improve @SECGov 's regulatory framework:
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@BetterMarkets
Better Markets
3 years
Breaking news: @RobinhoodApp to pay $70 million in record settlement with @FINRA for "systemic supervisory failures" that harmed millions of customers: @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid @GameStop
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@BetterMarkets
Better Markets
3 years
. @RepCasten is right: there is no way for companies like @RobinhoodApp to serve their retail customers w/ best execution/prices while *also* raking in tens of millions of $$ from selling their customers' orders to HFT & hedge funds. @Reddit @WallStreetBets @WSBmod @StonksReddit
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@BetterMarkets
Better Markets
3 years
The power of the @SEC_News Chairman & @SECEnfDirector cannot be overstated; that power has been used to protect entrenched #WallSt power for years. That must change. Gensler cannot appoint #WallSt apologists/lawyers/bagcarriers to top SEC positions or there will be consequences
@Zachary
Zach Warmbrodt
3 years
Progressives campaigned for Gary Gensler to be Biden’s SEC chair. Now they’re challenging him, underscoring how big of a deal the future of the powerful agency is to lawmakers and advocates in the left
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@BetterMarkets
Better Markets
3 years
Nice piece by @benbain @robinsonmatt on @SECEnfDirector resignation, incl quoting our CEO @DennisKelleher : "The Oh’s resignation 'is an opportunity to break the SEC’s corrupting practice of hiring Wall Street defense lawyers.'" Let's hope @SEC_News does the right thing here
@business
Bloomberg
3 years
Alex Oh abruptly resigned as head of the SEC’s vaunted enforcement division less than a week after taking the job
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@BetterMarkets
Better Markets
3 years
On Monday Oct. 25, the D.C. Appeal Court will hear the @citsecurities v. @SECGov case. Better Markets’ @DennisKelleher lays out what’s at stake & how we’re advocating for investors. 1/
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@BetterMarkets
Better Markets
3 years
The resignation of the SEC's Director of Enforcement, who spent more than two decades as a Wall Street defense lawyer, is an opportunity for the agency to select a dedicated public servant who will fight for Main Street for the position
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@BetterMarkets
Better Markets
3 years
Market participants know that if Chair Gensler @SEC_News enforced the law for best execution, it should stop the HFT rip off of retail investors/buy side. Bad news for HFT = good news for retail @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid
@aosipovich
Alexander Osipovich
3 years
$VIRT stock getting hammered by Gary Gensler's remarks on market structure today
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@BetterMarkets
Better Markets
3 years
Sad but too many Republicans on Financial Svs Committee have their head in the sand & hands in #WallSt pockets; empty poll tested talking points repeated over & over again; useless anti-investor tools of big finance. @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99
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@BetterMarkets
Better Markets
3 years
Seriously, any1 else who did this would have @FBI all over them; @federalreserve actions impacted prices of all financial products & 3 regional Pres, Chair Powell & now VC "Clarida Traded Into Stocks on Eve of Powell Pandemic Statement" @ctorresreporter @WHCOS @BrianDeeseNEC
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@BetterMarkets
Better Markets
2 years
“The GameStop frenzy really ripped the curtain off of the financial system, and kind of the mechanics of how dysfunctional and rigged our current equity markets are,” said @DennisKelleher in #GamingWallStreet on @HBOMax . Watch the doc here:
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@BetterMarkets
Better Markets
2 years
#WallStreet 's crime spree continues - with the 6 biggest banks racking up another Billion Dollars in fines in just the last 15 months. That makes nearly $200 billion in fines and settlements over the last 2 decades. Learn more in our Rap Sheet Report.
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@BetterMarkets
Better Markets
3 years
True, but the fundamental question is whether or not this recent retail activity is just making visible the manipulation that has always been there, invisibly robbing the buy side & enriching insiders @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid
@andrewrsorkin
Andrew Ross Sorkin
3 years
The long term impact of $AMC + $GME isn't about what happens to these companies or their stocks. It is about the public, which views the stock market (and economy) as something that is manipulated and not trusted.
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@BetterMarkets
Better Markets
2 years
"The perfect, right model we don't know. The wrong model we do know, and that's the @RobinhoodApp model."- @DennisKelleher on @BloombergTV discussing Robinhood's shameful record of ripping off its customers.
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@BetterMarkets
Better Markets
3 years
If you want to know what #WallSt would ask @FSCDems @GameStop hearing, listen to @RepJohnRose & his colleagues empty talking points masquerading as "questions." @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters @FSCDems
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@BetterMarkets
Better Markets
3 years
End conflicted payment for order flow (PFOF) ripping off retail investors! Learn more here: which we also put into slides here: @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @FSCDems @RepMaxineWaters @GameStop
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@BetterMarkets
Better Markets
3 years
. @RepAuchincloss questions @FSCDems @GameStop hearing on PFOF, options & gamification are fundamental & @SEC_News Chair must act quickly to protect investors. Our views here: @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
Better Markets calls for the resignation of @federalreserve regional Presidents Robert Kaplan & Eric Rosengren for seeking profits during the pandemic. It’s past time for the #Fed to do what leaders are supposed to do: lead by example. @michaelsderby @WSJ :
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@BetterMarkets
Better Markets
3 years
If you are paying attention, you can see @FSCDems hearing how #WallSt uses Congress to get its way, pressure regulators, etc. They are organized, powerful & strategic; retail/ #MainSt investors have to do the same! @Reddit @WallStreetBets @WSBmod @StonksReddit @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
Claims like @RepJoshG of losing "business to overseas"/international competition are the oldest threat of #WallSt pushing deregulation, which have been disproved & put taxpayers on the hook. @SEC_News @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
To this day, the American people have no idea if the @federalreserve leaders who we know traded during the pandemic is the full extent of it or if they were just the tip of the iceberg. The American people DESERVE to know & the cover up must stop.
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@BetterMarkets
Better Markets
3 years
We're pleased to welcome Phillip Basil as our Director of Banking Policy. Phillip most recently was an executive director at @jpmorgan & a former @federalreserve supervisory financial analyst. He is a great addition to our already stellar #Banking staff!
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@BetterMarkets
Better Markets
3 years
. @SEC_News @SEC_Enforcement 's latest slap on wrist (to @UnderArmour ) not only reward past lawbreaking, but incentivizes future lawbreaking b/c penalty so small & rare; that's why new Chair Gensler has to fundamentally change enforcement as detailed here:
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@BetterMarkets
Better Markets
3 years
Well, @FSCDems @GameStop hearing again touching on short sellers; here's our 10 recommendations for @SEC_News to improve disclosure/regulation: @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters @FINRA
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@BetterMarkets
Better Markets
3 years
Totally fair, but how long will @SEC_News Chair get away with that? Lots of pressure for him to act quickly on lots of things & he's indicating without committing to doing so & we bet he will; our views are here: &
@aosipovich
Alexander Osipovich
3 years
If there's been one running theme throughout this GameStop hearing, it is: Folks. This is Gary Gensler's third week on the job. Give him a break
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@BetterMarkets
Better Markets
3 years
. @ChuyForCongress consistently asks excellent questions @FSCDems @GameStop hearings about the key issues, now payment for order flow; more info on PFOF here: @Reddit @WallStreetBets @WSBmod @StonksReddit @RepMaxineWaters
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@BetterMarkets
Better Markets
3 years
Any1 think it's an accident @RobinhoodApp filed its IPO papers confidentially months ago, but only disclosed it publicly right before the July 4th holiday weekend when most people not paying attention? @wsbmod @reddit @wallstreetbets @RedChessQueen99 @StonksReddit @PinkCatsOnAcid
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@BetterMarkets
Better Markets
3 years
Saying "commission free trading" is misleading/fraud b/c it's heard as "free trading" when retail investors being ripped off. @SEC_News @SEC_Enforcement @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters @FINRA @FSCDems
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@BetterMarkets
Better Markets
3 years
This is the key flaw in those (industry & enablers) defending the rigged status quo: increased retail participation can/should be good, but not by ripping them off. @SEC_News @SEC_Enforcement @RepMaxineWaters @FINRA @FSCDems
@dlauer
Dave Lauer
3 years
Mooney sounds like he's reading a statement written by Robinhood defending PFOF and zero-commission trading. "Increased participation by retail is a positive development" - obviously. But you don't need commission-free trading for it, and you don't even need PFOF for 0-comm.
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@BetterMarkets
Better Markets
3 years
. @RepAlGreen has been fighting against financial predators trading ahead (front running) customer trades for a long time & good to hear @SEC_News Chair agrees! @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @FSCDems @RepMaxineWaters @GameStop @citsecurities
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@BetterMarkets
Better Markets
4 months
The @SECGov 's action today has changed nothing about this worthless financial product: #Bitcoin and #crypto still have no legitimate use; remain the preferred product of speculators, gamblers, predators, and criminals; and continue to be cesspools of fraud, manipulation, and…
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@BetterMarkets
Better Markets
3 years
. @FINRA worrying about "knock on effects" of banning payment for order flow & wants to study everything, i.e., planning to do nothing by letting the perfect be the enemy of the good. @SEC_News @Reddit @WallStreetBets @WSBmod @StonksReddit @RedChessQueen99 @RepMaxineWaters
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@BetterMarkets
Better Markets
2 years
. @DennisKelleher tells @InvestorReddit some of the key unanswered questions from the @GameStop trading frenzy. Learn more about Better Markets' work on these crucial issues here:
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