This video series from the SEC is really just awful. The SEC is insulting the very investors it's supposed to be protecting and educating. But it's worse than that! For example, one of the videos is about margin investing.
According to analysis from @buyinsnet shorts are underwater in AMC and deeply underwater in GME. Squeeze prices (the price at which shorts are losing money) are $23.51 for AMC and $16.46 (!) for GME.
Sounds like the GME stock split/dividend has completely destroyed some brokers back-office systems - I keep hearing about the nightmare of dealing with TDA. Also sounds like overseas brokers are having serious problems, and German brokers are struggling getting shares to people.
WOW - big news just came across @Bloomberg:
DOJ IS SAID TO PURSUE BROAD PROBE INTO HEDGE FUND SHORT SELLING
Predatory short selling is a scourge on markets, and must be addressed. Let's see the feds finally step in and enforce the rules/laws.
A year ago, I did an AMA on Superstonk to talk about market structure. Today, @terminalarc and I had an incredible meeting with @GaryGensler, presenting the first #WeTheInvestors sign-on letter to him along with the case against PFOF and off-exchange trading.
