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Reorganizing Brokers and Hedge-Funds to Institutions Directory

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Most of you are helping the GME shorts and you don't even know it
=================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/CalamariAce](https://www.reddit.com/user/CalamariAce/)| [Reddit](https://www.reddit.com/r/wallstreetbets/comments/l2n5wv/most_of_you_are_helping_the_gme_shorts_and_you/) |
---
[DD](https://www.reddit.com/r/wallstreetbets/search?q=flair_name%3A%22DD%22&restrict_sr=1)
Since many of you are looking at new brokers, it's a good time to see which ones allow you to opt-out of share lending. Some brokers (cough Robhinhood) will happily loan out your shares to people who want to short stocks you own. Did I mention the gobs of money they make doing this?
The following table compares the *fully-owned* share lending programs offered by brokers, if any:
| Broker | *Fully-Owned Share Lending* |
| --- | --- |
| Ally Invest | #3: Enrolling in Ally's [Securities Income program](https://www.ally.com/invest/self-directed-trading/securities-income-program/) requires meeting certain requirements and completing an opt-in form. You need to make a call to Ally to unenroll. |
| Avanza | #2a: Their website says that "[Everyone is included automatically](https://www.avanza.se/konton-lan-prislista/konton/kapitalforsakring/aktielan.html)", with an option for manual [opt-out](https://www.avanza.se/min-profil/installningar/aktielan.html) of the program. However, [/u/Snelsel](https://www.reddit.com/u/Snelsel/) reports that "lending only applies to those who have capital insurance activated. Capital insurance is not active by default. I called them and it did not apply to my "aktiedepå-konto". As per their website it is also clear that the receiver is Morgan Stanley. There are several prerequisites for the loaning to happen. One being that Avanza Pensionsfonder is trading the stocks you happen to own." And [/u/Insani0us](https://www.reddit.com/u/Insani0us/) reports that share lending "only applies to Kapitalförsälringskonton and not ISKs". |
| BinckBank (SaxoBanck group) | No info submitted. Feel free to contact your broker, and I will add here any info they provide you! |
| BM mBank via KBC broker (Polish) | #5: [/u/Lamatotalna](https://www.reddit.com/u/Lamatotalna/) reports no fully-owned share lending program |
| BMO (Bank of Montreal) | #5: Their client agreement allows for BMO to lend/borrow shares without explicit authroization from the user, "so long as any Obligations to BMO InvestorLine exist." In other words, they can loan your shares but only if you had a negative margin balance (i.e. using money borrowed from the broker). |
| Bolero (Belgium) | #5: [/u/kama5638](https://www.reddit.com/u/kama5638/) reports no fully-owned share lending program |
| capital.com | #2b: [/u/Obvious-Elk8708](https://www.reddit.com/u/Obvious-Elk8708/) provided the reply from capital.com support, "We kindly note that trading on Capital.com you don't own real shares." capital.com uses [CFDs](https://www.investopedia.com/articles/stocks/09/trade-a-cfd.asp); the underlying shares can be loaned out since you don't own them to begin with. |
| Comdirect | #5: [/u/FpoonSpork](https://www.reddit.com/u/FpoonSpork/) reports no fully-owned share lending program |
| Commsec | #5: [/u/MikeOxxxmal](https://www.reddit.com/u/MikeOxxxmal/) reports in a conversation with support that Commsec shares "are not and will not" be lent out. |
| Degiro | #1: Share are lent if you have a "basic account" plan. You can avoid this by using a "custody account" instead. The account type cannot be converted, so you need to create a new custody account and then transfer funds over. NOTE: According to a customer service email received by [/u/LeftyLuke-87](https://www.reddit.com/u/LeftyLuke-87/), "... share lending at DEGIRO is only internally possible and that it is not possible to lend American stocks. [If] your only position is in Gamestop, making a Custody account will not make a difference." |
| eToro (US) | #2a: Share lending is the default. You can file a support request to opt-out. You need to be firm with them about it, as they will try to convince you not to disable it (it's a big money maker for brokers) |
| eToro (UK, Slovenia) | #5: [/u/Ed_Fire](https://www.reddit.com/u/Ed_Fire/) reports a reply from eToro UK support: "eToro does not currently engage in securities lending. However, we may decide that this is the appropriate action to take in the future. Please note that, should we decide to go in this direction, it will not be possible to opt out of this process." |
| eTrade | #3: eTrade will give you 50% of share-lending proceeds if you opt-in to their [Fully Paid Lending program](https://us.etrade.com/what-we-offer/our-accounts/fully-paid-lending). However, they will loan out your margin account shares regardless of your participation in this program. The only difference is whether you're getting paid 50% or not. So you should either opt-in, or downgrade to a cash account to prevent shares from being lent. |
| Fidelity | #4: Fidelity will loan out your securities if you have options level 3 or 4 trading permissions. You can phone them at 800-343-3548 and tell them not to lend specific shares (or all shares), which will take effect after a 3-5 day adjudication process and may or may not result in downgrading to level 2 options trading level. (Other uses report success using [Live Chat](https://chat.fidelity.com/ftgw/chat/guest/login_page?verror=yes))Fidelity also has a [Fully Paid Lending program](https://www.fidelity.com/trading/fully-paid-lending) which will allow you to profit from lending your shares, but you need an account value >= 250k to be eligible. |
| Freetrade | #5: [/u/ancientgreenthings](https://www.reddit.com/u/ancientgreenthings/) reports no fully-owned share lending |
| Hargreaves Lansdown | #5: [/u/No_Run3357](https://www.reddit.com/u/No_Run3357/) reports no fully-owned share lending program |
| IG (UK) | In conversation with IG support, [/u/whiskyteats](https://www.reddit.com/u/whiskyteats/) reports that IG does not lend shares. |
| Interactive Brokers | #3: IB's [Stock Yield Enhancement program](https://www1.interactivebrokers.com/en/index.php?f=46942) can be found under Settings --> Account Settings on their website (last item on right-hand pane). Default opt-in when you signup with them with a margin account. However, a credible individual also reports that "IB reserved the right to lend the stock", regardless of whether you opt-in to the Stock program to receive your cut. You cannot disable this, at least for IB users trading in Germany. This may or may not apply to other countries too, we don't know at this point. |
| J.P. Morgan Chase Self-Directed (formerly You Invest) | #5: "Margin trading is not available on Self-directed accounts so your securities are not lent out and do not participate in any lending programs." JP Morgan reply reported by [/u/terholan](https://www.reddit.com/u/terholan/) |
| M1 Finance | #2b: M1 [loans out your shares](https://www.m1finance.com/blog/how-m1-makes-money/). You are auto enrolled unless you email <support@m1finance.com> and request to Opt Out of their Securities Lending Program. |
| Merrill Lynch | #3: Merrill appears to offer a [Securities Lending Program for margin accounts.](https://www.seclending.ml.com/) No info yet on their opt-in / opt-out policies. |
| Nordnet (Sweden) | #2a,3: [/u/cornersafe1](https://www.reddit.com/u/cornersafe1/) reports that "If you have a "investment account Zero / IKZ", you have to [OPT-OUT](https://www.nordnet.no/no/tjenester/kontoer/investeringskonto-zero/utlan-aksjer)". Nordnet also offers a separate [stock lending program](https://nordnetab.com/stock-lending-program-give-the-savers-additional-return/) which is only enabled when you opt-in, but this only applies to [lending out Nordic shares](https://www.nordnet.se/se/marknad/aktier/aktielaneprogrammet) per [/u/Sparrowy](https://www.reddit.com/u/Sparrowy/). |
| OnVista | "They never lend out your shares" according to a user who spoke to onvisa support. |
| Qtrade | #5: No fully-owned share lending program per [/u/crscrs5](https://www.reddit.com/u/crscrs5/) conversation with Qtrade support. |
| Questrade | #5: ~~One Canadian user reported that Questrade loans out their shares regardless of account type, with no way to opt-out~~. Multiple other users have reported conversations with Questrade that fully-owned shares are not loaned out. [Conversation with Questrade support](https://imgur.com/i5SjED9). |
| Public.com | #2a: [/u/salientecho](https://www.reddit.com/u/salientecho/) reports that public.com has "fully paid securities lending turned on by default for cash accounts and do not have an in-app setting to change it" and that "you must contact customer support to opt out." |
| RBC Direct | #1: [/u/bethebenoodle](https://www.reddit.com/u/bethebenoodle/) called RBC and was told that shares shouldn't be lent out with TFSA or with cash accounts. No info about how fully-owned shares are treated in margin accounts. |
| Revolut | #5: [/u/polenta2025](https://www.reddit.com/u/polenta2025/) and [/u/robertino129](https://www.reddit.com/u/robertino129/) reports that this broker does not lend shares. |
| Robinhood | #1: The [RH website](https://robinhood.com/us/en/support/articles/how-robinhood-makes-money/) says it makes money by loaning your "margin securities". Switching to a Cash account should prevent this. They also loan shares bought on instant-deposit and shares purchased with unsettled funds. |
| Saxo | #5: [/u/Jaded_Voice6422](https://www.reddit.com/u/Jaded_Voice6422/) reports no fully-owned share lending program |
| Schwab | #3: [Security Lending Fully Paid Program](https://client.schwab.com/secure/file/P-5182696/MKT33373-05.pdf) (SLFPP). Some users reported they were opted-in by default, but you should be able to opt-out if desired. |
| SoFi | #1/2a: Your Active Invest accounts may be involved in securities lending. If you didn't buy the shares on margin, call SoFi at 855-525-7634 and ask to opt-out of securities lending for your fully-owned shares. |
| Stash | #3: Stash offers a [securities lending program](https://learn.stash.com/securities-lending) which you can opt-in or opt-out of as desired |
| Swissquote | #5: [/u/Arduou](https://www.reddit.com/u/Arduou/) reports in a conversation with support that they do not lend shares. |
| Tastyworks/TastyTrade | #1: Conflicting user reports. Some users report Tasty only loans shares bought on Margin just like TDA. Others are reporting that Tasty will loan out your shares in a margin account, regardless if they were bought on margin, and that downgrading to a Cash account is the only option to stop lending, and that you can do this by filling out an "[Internal Transfer Request](https://assets.tastyworks.com/production/documents/internal_transfer_request.pdf)" form, and submitting it to <accounts@tastyworks.com> |
| TD Ameritrade | #5: No fully-owned share lending program |
| Tiger Brokers | No info submitted. Feel free to contact your broker, and I will add here any info they provide you! |
| TradeRepublic (Germany) | Multiple users reporting that TR does not lend shares. |
| TradeStation | #3: [/u/whaddupmonica](https://www.reddit.com/u/whaddupmonica/) reports in a conversation with support that shares can only be loaned "in equities accounts that are enrolled in fully paid lending". This appears to be disabled unless you deliberately enroll in their share lending program. |
| Trading 212 | #1: [/u/KingSkegness](https://www.reddit.com/u/KingSkegness/) reports that share lending opt-out is not possible for Invest accounts, but is supported for ISA accounts. |
| US Bancorp Investment Management | [/u/skrimskram](https://www.reddit.com/u/skrimskram/) reports on a call with US Bancorp that "they don't lend out shares/securities unless you have a margin account. If you do have a margin account, then I believe share lending needs to be authorized." |
| Vanguard | #5: No fully-owned share lending program |
| Wealth Simple | #5: No fully-owned share lending program |
| Webull | #2a: Webull loans out your shares, regardless whether you have a Margin or Cash account. You can opt-out on the Webull app under Settings --> Account & Security --> Brokerage Account --> More --> Stock Lending Income Program --> Exit |
Reasons you might want to disable your share lending settings include:
1. You don't want to lend your shares to people trying to short your stocks
2. You think the person/entity loaning your stock may not return them
3. You're not being compensated well enough (or at all) for putting your stocks at risk
These programs are complex and highly variable depending on your broker. Without getting into all the details now just now, you should be aware of the most common types of lending:
- Brokers reserve the right to lend out securities bought on margin (in other words, with borrowed money from your broker). To avoid this type of lending, don't buy stocks on margin. As far as I know, this is the case for all brokers that offer margin accounts. (However if you have explicit confirmation to the contrary from your broker, feel free to provide it here!)
- Same deal with unsettled trades. Your broker will loan out shares you bought until they are required to "really" deliver them to you at settlement 3 days layer, which also applies to cash accounts. Additionally, your broker can lend out shares purchased with unsettled funds in a margin account. You can only minimize this by trading less (in the first case) and not trading with unsettled funds (in the second case).
- Most brokers can ALSO lend out your fully-owned shares. Brokers will do one of the following:
1. Lend out fully-owned shares purely based on the type of account or level of trading permissions you have (e.g., Margin account type). The only solution in this case is switching account and/or trading permission types. Example: Degiro
2. Lend out fully-owned shares regardless of account type (even Cash accounts).
1. Some brokers allow you to opt-out. Example: Webull
2. Some brokers do not allow you to opt-out. Your only recourse to avoid lending is switching brokers. Example: M1 finance
3. Lend out fully-owned shares in a Margin account, and giving you a portion of the profits. These programs vary widely in the way they work. Some require account minimums (Fidelity requires 250k+ account), or will only loan domestic shares (e.g. Nordnet), among other caveats.
4. Some combination of the above
5. None of the above (i.e. no lending) Example: TDA, Vanguard
So yeah, every broker does it differently. The numbered scenarios here are referenced in the table above. The table only addresses fully-owned share lending, because the ability for your broker to lend your shares bought on margin is (as far as I know) the same with all brokers.

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# Weekend GME Thread + Homework for all: Let's stop using brokerages that halted trading
| Author | Source |
| :-------------: |:-------------:|
| [u/CriticDanger](https://www.reddit.com/user/CriticDanger) | [Reddit](https://www.reddit.com/r/stocks/comments/l8rhr3/weekend_gme_thread_homework_for_all_lets_stop/) |
---
Hello all,
Let's use this thread to discuss the GameStop situation this weekend, please don't open new threads about it unless it is a unique perspective or brings very valuable information.
Do note, posts and comments are still restricted to users with a higher Karma and account age.
Important information
---------------------
First, let's get some things out of the way:
- The short squeeze has not squoze yet, short interest estimates are still extremely high, I won't post the sources and encourage you to search for it yourself.
- The gamma squeeze has not happened, it may happen Monday, it may happen gradually, it may not happen (if their positions have already been covered), it isn't necessary for anything to happen, however.
- The establishment is still lying about many things for the purpose of market manipulation (Jim Cramer, CNBC, etc.). These people are SOLD. Read Canadian news channels regarding the situation, they are much less biased!
- Google and Apple and removing negative reviews from bad brokers from their app stores, put a calendar reminder in 2-6 weeks to add your review at that time, instead of now.
* * * * *
Let's make a list of the Brokers that restricted the purchasing of specific tickers
-----------------------------------------------------------------------------------
The worst thing that happened this week were the restrictions that our brokers put on buying specific tickers. This, obviously, affected the stock market, tanked those tickers, and significantly reduced our trust in the institutions at hand.
Now, I'm aware the reasons for this are complicated, we know that for many of them, they were forced to restrict these tickers by their Clearing Houses (Apex being the main one), we don't exactly know why, or whether that is legal or not, however.
One thing for certain, the communication by the brokers and clearing houses was very, very, very bad. This, in turns, significantly harmed the public's trust in them, as well as the institutions in charge of regulating this.
Here is my list, please comment below and let me know which ones I've missed:
### Horrible Brokers - Restricted purchasing of certain tickets and lied/gloated about it
- Robinhood - [Now Blocking 50 Equities](https://seekingalpha.com/news/3656437-robinhoods-50-stock-limit-list?mail_subject=bb-ino-robinhood-s-50-stock-limit-list-with-spacs-makes-mass-exodus-likelier-alpha-tactics&utm_campaign=rta-stock-news&utm_content=link-73&utm_medium=email&utm_source=seeking_alpha) - [CEO lying saying they have no liquidity issues, 1 day before getting a 1 billion bailout](https://www.youtube.com/watch?v=6fs_lyGn4YA) - [Join the lawsuit against them if you were affected](https://robinhoodgamestopclassaction.com/)
- Interactive Brokers (US/CAN) - [Display visible contempt for Retail traders, wants GME to go to 17 before re-enabling trading](https://www.youtube.com/watch?v=7RH4XKP55fM) - [Blocked Trading212, as their acting intermediary](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/)
- E-Toro - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Forced stop-losses](https://www.etoro.com/posts/0__entry__df95e7f0-1772-4ec7-a271-69b13ca229dd?utm_medium=Direct&utm_source=55714&utm_content=0&utm_serial=SocialSharePostcopyLink_918269&utm_campaign=SocialSharePostcopyLink_918269&utm_term)
### Bad Brokers - Restricted purchasing of certain tickers
- E-Trade - [Proof](https://www.theverge.com/2021/1/28/22254863/etrade-gamestop-amc-stock-reddit-wallstreetbets-robinhood)
- Ally - [Proof](https://www.wsj.com/articles/online-brokerages-restrict-trading-on-gamestop-amc-amid-frenetic-trading-11611849934)
- Public.com - [Proof](https://techcrunch.com/2021/01/28/webull-and-public-remove-restrictions-on-memestocks-after-citing-trade-settlement-firm-as-the-cause/)
- Merrill Edge - [Proof](https://www.streetinsider.com/Momentum+Movers/Merrill+Edge+said+to+have+put+restrictions+on+trading+in+AMC+Entertainment+%28AMC%29%2C+GameStop+%28GME%29/17879212.html)
- IG Broker - [Proof](https://finance.yahoo.com/news/gamestop-amc-uk-trading-platform-163546937.html)
- Trade Republic - [Proof](https://www.tellerreport.com/business/2021-01-29-%0A---trade-republic-and-gamestop--patronizing-investors-%0A--.BJNYXthWl_.html)
- Webull - [Admitted they were forced to by clearing firm](https://finance.yahoo.com/news/we-bull-ceo-explains-why-trading-was-restricted-amid-the-game-stop-market-mania-172539318.html) - [Clearing firm is Apex](https://www.youtube.com/watch?v=4RS4JIEVyXM&feature=youtu.be) - They'll be moved to neutral once they publicly confirm Apex was sole reason the trades were restricted.
- Stake - [Proof](https://hellostake.com/au/stake-updates/understanding-trading-suspensions/)
- Trading212 - [Proof](https://inews.co.uk/news/business/gamestop-uk-trading-robinhood-trading-212-gme-stock-restricted-legal-action-850465) - [re-enabled, caused by intermediary](https://twitter.com/Trading212/status/1355074914202628098) - [Intermediary is IB](https://www.financemagnates.com/forex/brokers/trading-212-blames-interactive-brokers-for-trade-execution-delay/) - [Restricted purchasing of other securities previous](https://community.trading212.com/t/gold-buying-restricted-in-larger-quantities/27987) - Based on them restricting securities before this, and countless complaints regarding other restrictions, I've put them back in the bad list.
### Neutral Brokers - Restricted trading, publicly naming their intermediary
- Freetrade - [Proof, blames Barclays](https://www.cnbc.com/2021/01/29/gamestop-saga-uk-trading-app-freetrade-halts-purchases-of-us-stocks.html) - [CMO Interview](https://www.youtube.com/watch?v=V76UGdYAdcI&feature=youtu.be) - [CMO Tweets](https://twitter.com/v18n/status/1355258696885030915?s=19)
- M1 Finance - [Proof](https://markets.businessinsider.com/news/stocks/robinhood-webull-m1-reopen-gamestop-stock-trading-2021-1-1030019926) - [Blames Apex Clearing](https://twitter.com/m1_finance/status/1354837064072753152)
- Tastyworks - [Proof, blame Apex Clearing](https://twitter.com/thetastyworks/status/1354879706991128578)
- Stash - [Proof, blamex Apex Clearing](https://twitter.com/Stash/status/1354839916761518083?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1354839916761518083%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.newsweek.com%2Fwebull-blocks-gamestop-amc-transactions-stock-market-robinhood-1565172)
- TD Ameritrade/Canada - [Proof](https://www.cnet.com/news/reddits-amc-and-gamestop-stocks-swing-wildly-after-robinhood-td-ameritrade-restrict-trades/) - [Proof2](https://www.cbc.ca/news/business/robinhood-gamestop-1.5891363) - (Margin requirements increased, Covered call and short put orders may only be placed with a broker and support times are > 2h, other trades restricted) - Neutral because they didn't restrict the purchase of stocks with cash.
- Revolut - [Proof](https://www.financemagnates.com/forex/brokers/gamestop-buyers-suffer-another-setback-as-revolut-bans-trading/) - Blames DriveWealth LCC
### Good Brokers - Did not restrict trading
- Most Canadian Brokers (Questrade, Qtrade, Disnat, BMO, HSBC, RBC, TD, etc.)
- Most European Brokers (Swissquote, TradeStation, Degiro)
- Fidelity
- Vanguard
- WealthSimple (CAN, US)
- Schwab (Margin requirements increased)
- You Invest (JP Morgan/Chase)
- Capital.com
- Wells Fargo - [allowed trades but banned its advisors from talking about GameStop](https://www.barrons.com/articles/wells-fargo-blocks-advisors-from-recommending-gamestop-amc-51611870929)
- Nordnet
- Citibank
* * * * *
### Note regarding the clearing houses
The first step is to know why brokers restricted the trading. The second step is to investigate what happened with the clearing houses. Currently, the following clearing houses seem to have had the most issues:
- Apex Clearing
- Barclays
- IKBR
We don't know if these firms acted maliciously (protecting themselves before protecting the free market), or because they literally had no choice. If the former, they need to be punished. If the later, then laws need to change. EITHER WAY, something needs to change, this post is merely here to put attention on the problem, I don't claim to have the solution.
Additionally, there needs to be open communication about this issue, currently, they are not saying anything on social media regarding this. Once they do, I'll update this post with it.
Note: /r/ THICC_DICC_PRICC tried to explain this in some detail [here](https://www.reddit.com/r/stocks/comments/l90an8/an_explanation_of_what_caused_the_trading_halt/). I cannot attest to the accuracy/validity of his explanation, feel free to discuss that on his post.
* * * * *
We might keep this information on the sidebar...forever. Please help me build this list to completion. If you are using a broker in the bad list, even if you are not invested in the tickers that have been restricted, please consider moving to a better broker.
Thank you all for your patience, we are sorry new members are not able to comment yet, we promise you will be allowed to once this is over!

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HUGE: Citadel is paying for Order Flow from NINE ONLINE BROKERS- not just Robinhood!
====================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/atobitt](https://www.reddit.com/user/atobitt/) | [Reddit](https://www.reddit.com/r/GME/comments/mbgsl8/huge_citadel_is_paying_for_order_flow_from_nine/) |
---
[News](https://www.reddit.com/r/GME/search?q=flair_name%3A%22News%22&restrict_sr=1)
*EDIT: Updated info at bottom*
I hate rewriting a post that is already perfect, but Reddit's spam filter is now removing all references to WallStreet on Parade... the fight is REAL..
[![r/GME - HUGE: Citadel is paying for Order Flow from NINE ONLINE BROKERS- not just Robinhood!](https://preview.redd.it/trc6ald5mso61.jpg?width=918&format=pjpg&auto=webp&s=09c24bc08923d7acd4f91553cace984a6d0835df)](https://preview.redd.it/trc6ald5mso61.jpg?width=918&format=pjpg&auto=webp&s=09c24bc08923d7acd4f91553cace984a6d0835df)
Anyway, the header says it all. Citadel is literally buying your positions from nine online brokers. I've taken the links and embedded them here. Please take time to read the OP from Wallstreet on Parade.. it's INCREDIBLE.
[Robinhood](https://cdn.robinhood.com/assets/robinhood/legal/RHS%20SEC%20Rule%20606a%20and%20607%20Disclosure%20Report%20Q4%202020.pdf)
[E*TRADE](https://content.etrade.com/etrade/powerpage/pdf/q4-2020-606a.pdf)
[TD AMERITRADE](https://www.tdameritrade.com/retail-en_us/resources/606_disclosure/tdac-TDA2054-q4-2020.pdf)
[Charles Schwab](https://content.schwab.com/drupal_dependencies/psr/606/2020-Q4-Schwab-Quarterly-Report.pdf)
[Webull](http://public.s3.com/rule606/webull/) (download the zip file for Q4 2020)
[Ally Invest](https://www.ally.com/resources/pdf/invest/order-routing/4th-quarter-2020-606-report.pdf)
[Firstrade Securities](http://d4l0yihtmj3iw.cloudfront.net/forms/en-us/routing_reports/routing_report_2020q4.pdf?v=20210201)
[Fidelity](https://clearingcustody.fidelity.com/app/literature/item/9901330.html) (routing stock & options orders, but only being paid for options, thanks Fidelity...)
[TradeStation](https://uploads.tradestation.com/uploads/2020-Q4-SEC-Rule-606-607.pdf?_gl=1*c1pknc*_gcl_aw*R0NMLjE2MTIzOTE4NjIuRUFJYUlRb2JDaE1JOHB2VTR1TE83Z0lWQ0w3QUNoME9SQWpZRUFBWUFTQUFFZ0xDZlBEX0J3RQ) (won't let me paste the link. Google
What does this mean? After you buy $GME, do not place limit orders signaling where you're comfortable buying and selling, quit placing stop losses, stop everything. This immediately notifies market makers where your 'trigger' points are.
Just. F*CKING. HODL
Keep them in the dark.
Not financial advice.

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How to set a high sell limit for your shares (With Pictures) showing how to do it
=================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/BellaCaseyMR](https://www.reddit.com/user/BellaCaseyMR/) | [Reddit](https://www.reddit.com/r/GME/comments/mjl5r0/how_to_set_a_high_sell_limit_for_your_shares_with/) |
---
[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
Added pics for fidelity --See Edit #3 below *(fidelity only allows these orders to placed during trade hours but once done will be in the system)*
I have seen where many people are upset they can not put in a sell order for 1,000,000.00 or whatever per share
On a regular trade order my broker (td ameritrade) wont let you put the price very high either BUT if you go in and do a *"Conditional Contingent TRIGGER Order"* you can set a very high sale price.
This is for TD Ameritrade but it also works in Fidelity and I am sure most brokers. The tabs at your broker may be a little different but this will give you an idea
Step One: Go to Trade tab and go down and click on CONDITIONAL
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/sa3v3uq5s1r61.jpg?width=1340&format=pjpg&auto=webp&s=02533d71c5458598492f5dfb7804959746c0db77)](https://preview.redd.it/sa3v3uq5s1r61.jpg?width=1340&format=pjpg&auto=webp&s=02533d71c5458598492f5dfb7804959746c0db77)
Trade Tab Td Ameritrade
Step #2 -- Under "Condition" select "Contingent order (Trade Trigger)"
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/iygszqdzx1r61.png?width=896&format=png&auto=webp&s=c0467f2f6463bf192b8b0b9487c1584e2da6b11b)](https://preview.redd.it/iygszqdzx1r61.png?width=896&format=png&auto=webp&s=c0467f2f6463bf192b8b0b9487c1584e2da6b11b)
Step #3 -- Fill out the "Condition Section" that will trip the TRIGGER
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/00mptik4w1r61.jpg?width=1752&format=pjpg&auto=webp&s=9c5db1aecc7607e47322e71858f67fd59698006c)](https://preview.redd.it/00mptik4w1r61.jpg?width=1752&format=pjpg&auto=webp&s=9c5db1aecc7607e47322e71858f67fd59698006c)
Step #4 -- Fill out the ACTION section (what you want to happen if trigger is tripped)
*NOTE the circle date. If you want the order to last (up to six months) make sure you change this date to match the date above. For some reason, at least with TD Ameritrade even if you select "Good To Canceled" and the 6 month date comes up the order will still expire the next day unless you also change the date "set to expire"*
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/hjbxlwya96r61.jpg?width=1506&format=pjpg&auto=webp&s=6adb3585b210656d12089ef07d04e5cc2c01430d)](https://preview.redd.it/hjbxlwya96r61.jpg?width=1506&format=pjpg&auto=webp&s=6adb3585b210656d12089ef07d04e5cc2c01430d)
Step #5 --- Review the order and then submit it
Now when you want to Check your order. You go to "Orders" but it does not show up where your regular orders show up. You have to click on the "contingent" tab.
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/xraaf4r4x1r61.png?width=3360&format=png&auto=webp&s=d6e42893425e09c5db41bd94ada2cd2f2acb7561)](https://preview.redd.it/xraaf4r4x1r61.png?width=3360&format=png&auto=webp&s=d6e42893425e09c5db41bd94ada2cd2f2acb7561)
One thing to REMEMBER though. If you put in 1,000,000 and you decide at 900,000 that you have to sell because its topping out remember to either change the contingent order to lower or cancel it before you sell at another price. If you try to do a regular trade order at 900,000 for all your shares it will REJECT it saying you would be oversold because it is still accounting for the 1,000,000 contingent order
Edit #1 -- fixed some spelling errors
Edit #2 -- Getting alot of down votes. Shills must not be happy. They dont want alot of high sell orders for some reason. maybe a ton of high sell orders will affect the trading algorithms and make it go up faster. Not sure. Gotta be a reason for the down votes
Edit #3. I am adding picture for Fidelity. One thing with fidelity is they do not accept conditional contingent trigger orders unless market is open so you would have to do it during the week during trade hours. But once it is done it will be in the system
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/t7agfernb2r61.png?width=1095&format=png&auto=webp&s=6fa76dd2904ff08fdbb4e87587455b5b0f77eb89)](https://preview.redd.it/t7agfernb2r61.png?width=1095&format=png&auto=webp&s=6fa76dd2904ff08fdbb4e87587455b5b0f77eb89)
trade tab select conditional
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/7m521bytb2r61.png?width=1003&format=png&auto=webp&s=35dff27d3ff4fd677568767ba422b0b9c666ea57)](https://preview.redd.it/7m521bytb2r61.png?width=1003&format=png&auto=webp&s=35dff27d3ff4fd677568767ba422b0b9c666ea57)
Select Contingent
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/of1yx4rvb2r61.png?width=1009&format=png&auto=webp&s=91abefaf4bd32882a3c8f251d9ba54e5a77002c9)](https://preview.redd.it/of1yx4rvb2r61.png?width=1009&format=png&auto=webp&s=91abefaf4bd32882a3c8f251d9ba54e5a77002c9)
Set criteria (trigger)
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/dtjfe50yb2r61.png?width=1145&format=png&auto=webp&s=5c3b1aa1289418278df29281ad5fcae408b2197b)](https://preview.redd.it/dtjfe50yb2r61.png?width=1145&format=png&auto=webp&s=5c3b1aa1289418278df29281ad5fcae408b2197b)
place your order
Edit #4 - It was pointed out to me that this did not include extended hours (td Ameritrade). There is a GTC + Ext hours option. I should have used it for this DD but did not
[![r/GME - How to set a high sell limit for your shares (With Pictures) showing how to do it](https://preview.redd.it/0ivfkjz0g2r61.png?width=568&format=png&auto=webp&s=fd2ec64b0c5d6eecc4bc69fd7e0404ed80a03d52)](https://preview.redd.it/0ivfkjz0g2r61.png?width=568&format=png&auto=webp&s=fd2ec64b0c5d6eecc4bc69fd7e0404ed80a03d52)
Edit #5 -- i have been told that people can not get this done on phone apps. I am not sure because i never use phone for financial stuff. Definitely works on laptop or desktop. *Update see Edit #8*
Edit #6 -- Some great feedback about what if the trigger is hit and market drops some and your order does not activate. So you could say set the trigger at 800,000 (or whatever) and that triggers the order to become active then in the order you put sell, GME, and then your limit of 1M or whatever (so it activates at 800k but does not sell until 1M) or you could do a stop or trailing stop if your worried it may go over 1M. Pesonally if I am out working without internet and my XXX shares sell at 1 million each and I miss out on more I am fine with being a hundreds millionaire.
I am somewhat new to this. i just found a way to do the high price order. I work where there is no internet so it gives me some confidence I wont miss it. And if the DD is correct it will last for days. I also will be setting multiple triggers selling a few shares here and there at different high prices.
Edit #7 --- This is just a thought but for everyone who only use phone moble apps and it is not working on the app try this. Instead of using the app use the phones internet browser and log into the actual brokerage website and try doing it throught their website. I bet that will work
Edit #8 -- people asking about Schwab. Dont have account there but this link should help
<https://help.streetsmart.schwab.com/SSCentral/1.0/Content/Advanced%20Orders%20Overview.htm>
Edit #9 -- snitch snatch posted this in comments for Schwab users
<https://www.reddit.com/r/GME/comments/mjl5r0/how_to_set_a_high_sell_limit_for_your_shares_with/gtdbo79/?utm_source=share&utm_medium=web2x&context=3>
Edit #10 Contingents must be enabled first! Credit [/U/Jaykvam](https://www.reddit.com/user/jaykvam)
*" To do so, hover over* *Client Services**, then click either* *My Profile* *or* *General**. In the right-hand column, under* *Elections & routing**, see whether Contingents (Trade Triggers™) is Disabled or Enabled. It must be enabled to use contingent conditional orders. It's not difficult to enable but does require you to* ~~*read and*~~ *sign a short a agreement (Do read it in advance though!). "*

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# 28 (And Counting) Brokers and their sell limitations, if any
| Author | Source |
| :-------------: |:-------------:|
| [u/NHNE](https://www.reddit.com/user/NHNE/)| [Reddit](https://www.reddit.com/r/Superstonk/comments/ml2lnw/28_and_counting_brokers_and_their_sell/) |
---
Couldn't post this on [r/GME](https://www.reddit.com/r/GME/) cuz it kept on getting auto removed:
## Compilation of sell limits from brokers:
*PM me if you have more info on your particular broker you'd like to share with err one.*
### 1. Revolut
"Any Revolut users last time i asked revolut suport said that 10k limit per share for limit sell orders will not increase with the shere price any advice to felow ape on what to do? And no i cant transfer my shares out of revolut they literaly dont offer such service. Thanks for your answers." - [u/HiStoryin_The_Making](https://www.reddit.com/user/HiStoryin_The_Making) What's a good exit strategy for Revolut? Maximum per trade is $10,000 🙃 - [u/xRazorleaf](https://www.reddit.com/user/xRazorleaf)
Entire Post on Selling with Revolut https://www.reddit.com/r/GME/comments/m92qr4/revoluts_rules_for_exiting_trades_adjust_your/ - [u/JustBeingPunny](https://www.reddit.com/user/JustBeingPunny)
Hi! I use revolut and was able to set a 1mil sales limit. I contacted support and they said for sell there shouldn't be a limit. It seems the limit is for purchasing The only drawback seems to be that it expires daily - [u/Ampedrosa](https://www.reddit.com/u/Ampedrosa/)
Hello fellow ape, I saw your post on the exit strategy and I really fucking love you. I'm a UK based ape on Revolut, I had a whole convo with them yesterday about how they will act during the squeeze. I pressed on more details about "high risk" situations in which they would liquidate us early, but basically they told me even Revolut doesn't know what "high risk" means for the broker Drivewealth... One more important thing they told me, that you might want to add to the post, is about the limit on selling, I asked them if we can go above 10k: "If you sell exactly the amount of shares you own, the trade will go through even if the number of shares/total amount in USD is higher or lower than the limit. You can do that through tapping on the "Max" button (which is above the keyboard) when submitting the order. Your Order might not be accepted if it gives rise to too much risk for the Third Party Broker or if trading is no longer available or is suspended in the Instrument your Order relates to." Can't send screenshots in here but as soon as I figure it out, I can send you the conversation. Thank you for your awesome work !! [user name censored on /rGME]
https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/ Hello! Im a Revolut user and i contacted them, as we know we can't sell above 10.000 $ per share BUT they told me this: NOTE: Only if you sell as "market order". "As we have checked here, if you sell exactly the amount of shares you own, the trade will go through even if the number if shares/total amount in USD is higher or lower than the limit. You can do this through tapping in the 'Max' button (which is above the keyboard) when submiting the order" - [u/xZetroX](https://www.reddit.com/u/xZetroX/)
Hey ! I saw your great post about limit sell for each broker. Really good job ! I did some research on Revolut and some fellow apes gave a solution to do limit sell at any price point. (1M+ validated, i can do screenshot) You just have to have a round number of share and put a limit sell for all your share at once. On the other hand, we weren't able to verify if we can do this with more than 500 shares (we don't have that much unfortunately) - [u/caribouteille](https://www.reddit.com/u/caribouteille/)
### 2. Wealthsimple
Wealthsimple currently restricts max transaction to 1 Million - [u/Kennywise91](https://www.reddit.com/user/Kennywise91) you can login to wealthsimple.com and set orders over 1 mill CAD. the limit sell option still wont let u set a price of 1 mill if the current price is too low but you can set a price over 1 mill CAD, unlike on the app. so when it moons, have a get the fuck home strategy if u work. - [u/xthemoonx](https://www.reddit.com/user/xthemoonx)
I’m with wealthsimple and currently the limit sell doesn’t surpass $999,999 USD but only up to $800,000 is supported since apparently orders cannot be above 1 million CAD. Others told me that market sells should be fine but now I’m a little worried about that. I do no intend on selling on the way up at all however I’m worried about missing out on some sweet tendies. What about market sells are so bad? What could potential happen to them? Also it appears that transferring over to quest trade now would be dangerous as I might miss the squeeze. If anyone can give me some input on this I’d really appreciate it. I’m sure a lot of Canadian apes are on wealthsimple so I hope we don’t all get fucked -u/KieranSullivan5
🇨🇦 For Canadian apes 🇨🇦
I emailed WealthSimple and they confirmed the platform will adjust if such an occurrence happens.
Edit for easier viewing:
Here is the screencap of said email: https://imgur.com/a/et7KmKX
Here is a screencap of an attempt to set a limit sell of $999,999 USD: https://imgur.com/a/VpunlDf
Do not worry about the 2nd image, WealthSimple confirmed they will not restrict sell price if it's worth a metric ton of bananas.
Edit 2: it has been brought to my attention that the $1mil cap is for the app only and will not be present on PC (and possibly a browser on mobile). I have not tested this yet but here's the response: https://www.reddit.com/r/GME/comments/m8nk84/important_all_apes_need_to_read_this_to_prepare/grj6h5e?utm_medium=android_app&utm_source=share&context=3
Thank you u/pinwheelcandy !
Edit 3: Confirmed that there is no cap on any browser (PC or mobile).
Photo of my PC: https://i.imgur.com/vIeQq4k.jpg Screencap of Chrome for Android: https://i.imgur.com/3ngKx1G.jpg
- [u/boxxle](https://www.reddit.com/user/boxxle/)
### 3. Ally
Ally has a limit of $1M. I guess that means one sell order per share then. - [u/blueskin](https://www.reddit.com/user/blueskin)
### 4. Fidelity
fidelity will not restrict selling prices as long as the exchange doesnt i called and they only follow in the exchanges path - [u/Top10Tops](https://www.reddit.com/user/Top10Tops)
To Fidelity folks, Just spoke to customer service and they said there's no sell limit as to how high a stock goes.
Here's the convo, note* I haven't mentioned amc or gme and this was his response.
John: How can I help you today?
Me: Hi John, I was wondering if there's a sell limit for Fidelity?
Me: For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for?
John: Great question!
John: No, there is no upper limit to what you can sell a stock forJohn: If you bought a stock for $1 and the value went to $1 million, you could sell for the profit
- [u/Snowbell-](https://www.reddit.com/user/Snowbell-)
AFAIK Fidelity won’t let you set a limit sell order for 50% or more above the current price. Assuming that’s the only rule then it just means you’ll need to watch the price for when it’s approaching 700k to put a limit sell order at 1 milly - [u/meekdor](https://www.reddit.com/user/meekdor/)
### 5. E*Trade
I called E*Trade to ask if there’s a limit on my account. THEY SAID NO! 3,000,000 is the floor apes!! - u/AWet1017
I'll ask this here since my topic didn't get much traction:
Anyone using E-Trade? I have a question. I sent them a message asking to ensure they wouldn't freeze up my account should a short squeeze occur that would keep me from buying or selling, similar to Robin Hood (I heard E-Trade was involved in some of those shenanigans too). Anyway, they just gave me a generic bot response and didn't answer my question, surprise, surprise.
I'm on a cash-only account, but what would keep them from not allowing me to sell my shares during the MOASS? Thanks for any help you apes can give. -u/Mega_Buster_
I called e-trade this morning and they confirmed that there aren't limits to transactions. They said if I make a sell limit order of 30 shares and I have a buyer of & 1mil/share and it's during market hours that they won't limit that transaction -u/Dr_Scuba_Steve
### 6. Freetrade
Okay, I am extremely smooth brained and I don’t think I’m understanding this right. Can someone eli5:I use Freetrade (UK ape) and asked if I can sell single shares worth $1M+.Their response: you need to ensure US trades are within £25k limit. You need to break down your order into multiple orders within the limit.Are they saying I have to break down 1 milly into 30 separate orders? Or have I just eaten too many crayons to function 😂🖍🖍🖍 - u/ 0To100RealFckngQuick
FYI UK apes, freetrade has a limit of £25k per sale, i have contacted their support and their response was that since none of the stocks they list are anywhere near that limit they see no reason to increase it. that means we are gonna be doing a shed load of transactions come the squeeze - u/ -remlap
### 7. SoFi
For those using SoFi, I just called them and asked about transaction limits, there is no limit as to how high a share can go when trying to sell it. It can go to over a million a share and you should have no problem selling it. -u/Nk_Raven
### 8. Hargreaves Lansdown
UK Ape. Hargreaves Lansdown doesn't allow Limit Sells on $GME. -u/misterpeers
Great post OP, thank you. UK Ape here. Anybody else use Hargreaves Lansdown? They only allow Market Orders for US stocks. Believe that's the only way I can sell. If another user can respond, I'd appreciate that very much please! Thanks! -u/ VelvetThunderFinance
Hargreaves Lansdown do not allow for limit orders on US stocks. Could you please request on your post that anyone who owns GME with HL, should contact them either by email or phone to request that they introduce limit orders on US stocks. I have spoken with them twice and both times they have said that limit orders could potentially be made available if there is enough demand. A large influx of calls making this request might make them speed up their intentions of making limit orders possible. Hopefully with enough demand they will allow them in time for the squeeze to bring some security to all the UK apes who are holding GME with HL. Their contact information is on their website. They usually pick up the phone quite quickly. A comment about this situation on your post would be most appreciated, strength in numbers after all. -u/Antbog1
### 9. eToro
You can’t place a Stop Limit Order on eToro 😔 - u/ReXJKHi, one smooth brainer here with a question. On Etoro it’s impossible to set a stop limit order, as there is no option like that. (Using Etoro EU) Also, I want to know if I can sell a milly/share, me no talk etoro people holidays free no answer faster answer here. 🦍 Also💎👐and put some respect on our mutual success! -u/ TreasureCase2020
When you go to edit “Edit Trade” click on “Stop Loss” then “Set SL” that is where Etoro lets you enter your price (you can chose between amount and rate). I tried entering the amount 1 000 000 and of course it didn’t work, the maximum it would let me enter was barely above the current. But right below the box when you enter the rate/amount, there is an option called “Trailing Stop Loss”. Read this article to understand its use: https://www.etoro.com/news-and-analysis/etoro-updates/introducing-trailing-stop-loss/ Between “Trailing Stop Loss” and the box where you enter the amount/rate you will find the percentage according to the position amount/rate at that particular moment. If it doesn’t show, just click on “+” or “-“ . If you put a number that represents 90%, if at any moment during the squeeze the price drops 10% from the highest price it has been on all day, the position will get closed. For example, a certain trading day, the price reaches 1 000 000 (which here represents 100%) and I have “Stop Loss" activated along with a “Trailing Lost” of 90%. If the price goes down to 900 000 (which is 90% of 1 000 000) the trade will be closed. So, even if eToro goes offline, that should ensure that the trade will close at the best price possible after the peak. I hope.
It might be a safe option to activate after the price gets to an amount one is comfortable with (for example 1 000 000) or when one feels that the peak has been reached. -u/Personal-Tourist-03
Hey man, I'd like to help you clarify about eToro and the sell limitations. The way to set a price to sell at is to click on the position, click on take profit, and then enter the value you want. It is the same as fidelity where it lets you go higher as the price goes up. You can set it to 1000% of the current price. e.g Price is now 300, I can set a take profit of 3000. Hope this helps -u/Dragonizer23
### 10. Degiro
I do have concerns about DeGiro. I tried to set a sell limit at a high price just to see how it would look, lol. But it told me it exceeded their maximum order size of €250.000. Does anyone know more about this limitation? When GME squeezes I don’t want to be held back by this. What could we, holders at DeGiro, do about this? They do sell Berkshire Hathaway shares, so technically it should be possible to sell in the hundreds of thousands right?
Update: I asked the same question on r/degiro and there they said that if the share closes at above €250k there should be no problems selling the shares at their actual price.🙌💎-u/Always_Highdrated
Degiro doesn't allow you to place a limit order sell 20% higher than the current price. Aside of that I am not aware if there is any other kind of limitation. Currently there is no stock or security in existence that is near the 250.000 that you suggest in your post, so it is normal that it didn't let you place the order. -u/Maximito
just got off the phone with Degiro customer support, they said they would never restrict you from closing your position, not even at a million
This was however only one guy from customer support. Think we can trust that but you never know. wouldn't be the first time a customer support staff member made a mistake -u/Jobdriaan
### 11. Robbinghood
For anyone wondering Robinhood does not have have a cap on placing a limit sell. So for all you smooth brained apes out there, this means when Gmmee hits 2,000,000 a share, a limit sell order will be able to be placed for 2,000,000 - u/ChimpGimpy
### 12. Questrade
No limit on selling, but limit on setting sell limits (right now I can set $9999 but not higher).
EDIT: According to u/equinsuosha , if you change your route, you can set the limit price to whatever you want. I tested this with changing the route to MNGD it let me set a limit sell price of 42069.69, but I still have to get back with Questrade on how changing the routing affects the sale, if any.
https://www.reddit.com/r/WallStreetbetsELITE/comments/lrei7j/frist_the_hfs_say_you_cant_buy_know_they_are/?utm_medium=android_app&utm_source=share
### 13. Vanguard
I just called Vanguard and they confirmed that there is no maximum amount for selling shares of a stock. When I gave him the example of $1MM or more per share he didn't flinch. u/Weary_Freedom_3916
### 14. Charles Schwab
Hello hello. Charles Schwab user here. There is an initial trade limit of 1000 shares or 20k (if any apes are considering transferring). There is no maximum amount for selling, but there's a cap on limit orders based on current prices. I can place one just under 4k. u/itsdaynotdave
### 15. Interactive Brokers
$CUM at IBKR SELL LIMIT 10,000,000.00 and limit 15 orders 1 time. 1 share 10,000,000.00 no issue. ×2 share 10,000,000.00 IBKR will cancel without my consent. FYR u/EddJan94
### 16. Webull
Rumor has it Webull currently allows a maximum limit sell order at 2000% (20x) current market value. So with GME's current $200 price you could set a limit sell order up to $4000. (I saw this info posted by a user in the GME comments section on Webull, who asked the company to clarify the policy after having very high limit sell orders unilaterally canceled by Webull.) - u/Green8Dreamer
### 17. Trading212 https://ibb.co/SdTQdrS https://ibb.co/0jBfsQX -u/psychopathologic
 Alex C. (Trading 212) 20 Mar 2021, 12:56 EET Greetings, Thank you for reaching out! If the price of stock will reach 1 million and you close / sell that stock, then the profits made can be withdrawn with no difficulty . Please do not hesitate to reach us should any further questions arise. Kind Regards, Alex C. | Customer Care Mentor -u/ape_Ivo_to_the_moon
Hi nhne, I asked trading 212. So first Theres no Limit concerning how hight the price of a security sold can be. When I asked about sell limits they said it's dependent on the security and the market and stuff They said I should provide them with an order id But I can't because I cant fill an order with that high of a sell limit You might want to add that to your post. Selling possible at any price. Limit selling I don't know I tried a few prices but wasn't even allowed to do 5000 -/utilidus
Hi this is the reply I got from trader 212:
Thank you for reaching out.
I would like to inform you that we will not impose any restrictions when it comes to the closure of the clients' positions, and respectively their ability to acquire their profits.
I hope this clarifies the situation for you.
Please stay safe and have a wonderful day.
Kind regards, Stefan V. | Customer Care Hero -u/WellBehavedSociopath
### 17. Capital.com
Hey I just wrote to Capital.com. Me: Hello I was wondering if there's a sell limit for capital.com? For example, if a stock climbs to astronomical numbers is there a limit to how much I'd be able to sell it for? Say I bought a CFD for 1$ and the price went up to 1'000'000$, could i sell it for 1'000'000$ and take the profit? Capital.com: Dear client, Thank you for reaching capital.com Support. We do not have such limits. Best regards, Capital.com Customer Support. -u/Separate-Attorney-10
### 18. RBC
Hey! Thank you for the stellar exit strategy post. I am a fellow Canadian ape and I use RBC investing for GME. I just put in a limit sell order of 999,999usd for one share and it was accepted. I couldn't go over that amount. Hope this helps! Let me know if you need proof or anything I just tried before going into work! -u/Tarzan_Daddy
### 19. TD Ameritrade
TD Ameritrade does not have a sell limit! I called and asked to clarify today and we could sell at $100,000,000,000 if we wanted to and TD would allow it -u/Luethifers_life
Me: Okay, so I’ll try to rephrase If a stock is currently selling at $1million/per share, TDA would not limit or restrict a shareholder from selling at that price? Her: As long as the stock is currently trading with no restrictions on the shares, we do not restrict clients from selling at the market price. TN -u/Brandino7
TDAmeritrade is lying. Their max sell price varies according to the current ask price, something like 225% X CURRENT ASK.
If you set the max, say $459 like I did on testing the upper limit on Friday AND you set this ax GTC... If ASK drops and your MAX SELL price drops below the then recalculated max price, TDA will cancel your order!
Liars. -u/Zealousideal-Ant1661
### 20. Postbank
Hi, thx for your great DD about the exit strategy. It is really helpful. If you like you can add "Postbank" in Germany to the brokers. It's a standard bank with trading portfolio. So no neobroke who srews you. A few weeks ago i placed a limit sell order for 9.999.999 Euro which was forwarded to tradegate exchange but didn't get executed yet ;-) Proof: https://www.reddit.com/r/GME/comments/lzqs9k/sell_order_am_i_doing_it_right_forget_500k/?utm_medium=android_app&utm_source=share -u/FrankiHollywood
### 21. Comdirect
Broker: Comdirect Country: Germany Time: Beginning of March 2021 ~ 3 weeks ago Action - online: sell order for 1x GME @ limit 100K Reaction - phone call + e-mail:
"Your order was deleted by the exchange because your changed limit deviates too much from the current price"
" Please note that limited orders from the USA can have a maximum price deviation of 15% from the current market price."
"If necessary, you can place your order again." -u/Weariout
### 22. TD Canada Trust (WebBroker)
TD Canada Trust (WebBroker) 🇨🇦 For Canadian apes 🇨🇦: the highest sell price it's allowing me to set is < $10,000, so $9,999.99 is the max sell price. Any sell price > $10,000, throws an error 'invalid price increment'. This is through their mobile app, as well as their desktop website.
Will try to confirm how that ceiling is set or calculated, as the stock price increases. TD Canada Trust is one of the major banks in Canada. -u/OkMulberry8902
### 23. AJ Bell
For the UK Apes, AJ Bell is also Market order only. They call it "at best". -u/bruce_waning_gibbous
### 24. Stake
Stake's platform (Drivewealth LLC) only allow 5 digit sell orders. Last check this will affect 138,000 apes holding GME.Is somebody able to get a response - My emails and calls are falling on deaf ears -u/Ask_Zeek
Hi, regarding your post in r/GME with the list of brokers, I have contacted Stake, one thats in a few countries outside the US, like the UK, Australia, and NZ among others. This was their response today: As per how markets operate, share price itself does not affect a security’s ability to be bought or sold. For example, Berkshire Hathaway Class A ($BRK.A) trades at ~US$380,000 per share and people trade this freely and readily. However, there are some things to be aware of when placing certain order types at prices that are significantly different from where that security is currently trading. This FAQ provides more information. https://au.support.hellostake.com/en/support/solutions/articles/35000152385-order-types Finally, given your enquiry is about $GME, we urge you to please familiarise yourself with the risks associated with trading high volatility stocks. This blog may be helpful. https://hellostake.com/au/stake-updates/volatility-and-risk/
They have a Limit Sell Cap of 200% above the market value, but they only last for the day. If I put one in at $600 when the price is $200, it would stay even if the price dropped to $100, but would be cancelled at the end of the day regardless of price. -u/taraborn
### 25. Traderepublic
Traderepublic (Germany) limits orders to 999,999.99 -u/RetardHolder
TradeRepublic would rise the ceiling if shares would approach these levels. So there is no real limit other than their shitty Server network -u/DamnIamHigh_Original
### 26. Flatex
Another one for the list: Flatex (D/AT) caps at (1mil - 1 cent)$
Two examples: a) I place a new order limited at or over 1000k. It gets rejected. Explanation given (in german): Deleted/canceled by system/exchange b) I change the limit of an existing order from 420k to 1000k. It gets canceled. Explanation given (in english): Order price exceeded allowed hard limit. -u/Rud0lfRocker
### 27. Wells Fargo Advisors
I just got off of the phone with Wells Fargo Advisors. They do not have a limit to how high you can sell a stock.
They did, however, stipulate that the current market price needs to be within +50% of any limit you put in place. So if the market price is 1 million, you'll need to wait a bit before you put a 2 mil or 3 mil sell limit per share. -u/Boleslaw-BoldHeart
### 28. XTB
Hey! Just added XTB response to my questions about Sell Limit restrictions and limitations: "So, after contacting XTB they have confirmed that there are no limitations for pending orders. I also asked if there would be any restrictions if the stock price increased drastically and I would like to sell and in this case there are no restrictions either. As long as there is a buyer, the order will be executed. I do have to mention that XTB includes a 0,2% commission for orders over 100.000" -u/PowersBass
### 29. IngDiba
You can add IngDiba Germany. Limit sell order is possible for 9.999.999€ For 10.000.000 you receive an error saying your order is unreasonable -u/Luntzer
### 30. T212
I asked if there was a maximum sell price (and put $1m as an example). The reply: Pavel P. (Trading 212) 29 Mar 2021, 15:29 EEST Greetings, u/YMabDaroganCont I hope you are well. I am happy to inform you that the client will be able to sell/buy any stock regardless of the current price unless a regulatory restriction is applied. // My response: Thanks for your prompt reply. I understand that trading halts can be put in place and I understand that this is out of your control, but could you give me an example of, or elaborate on, the kind of regulatory restrictions that could be put in place? I was very dissappointed late January during the $GME run up to ~$400 that I could not buy any shares, and since then I am very worried that during periods of high volatility that Trading212 will “pull the rug” under my feet (again!). I also want to make it absolutely clear that even during times of high volatility that I will be able to sell my shares at the said price without them being stuck as “pending” (again, as was seen during late January). // Response: Please bear in mind that whilst most of the orders are filled within a few seconds, please note that when it comes to Equities and ETFs (on Trading 212 Invest and ISA accounts), the execution time completely depends on every market and it may even take a few days for some orders to be executed (e.g. AIM listed stocks​)​. In other words, certain market conditions (i.e. liquidity) have to be met to have the orders executed. -u/YMabDaroganCont
### 31. Nordnet (Finnish)
Hi! Addition to your broker sell limit compilation: Nordnet users can set sell-orders only within +/- 3% margin of current stock price (stock price >50 USD). With stop-loss command, you can set any sell price (no matter if stock is going up or down). Im not sure is it possible to add stop-loss order to you existing positions or do you need to decide stop-loss price upon purchase. Also, using mobile app you can only sell/buu stock only for 999,999.00 USD. In desktop, there is no limitation. Thank you! :) =u/TaP3D
### 32. SaxoTrader https://www.reddit.com/r/GME/comments/mig0iv/saxotrader_has_no_sell_limit/ No sell limit. -u/papajanreddit

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Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
=====================================================================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) posted by [u/Lucky2240](https://www.reddit.com/user/Lucky2240/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nui12c/citigroup_goldman_sachs_bofa_restrict_shorting_on/) |
---
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
Posting this for [u/strong-ape-bro](https://www.reddit.com/u/strong-ape-bro/) due to lack of karma. All credit to him! Edit: added screenshots
[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)](https://preview.redd.it/fsqmw907pv371.png?width=640&format=png&auto=webp&s=f072b45d582052be91ede94053b655522f4a759c)
His thoughts:
" Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg
This is freaking huge.
3 of the biggest prime brokers are pulling the plug on 1) shorting GME and 2) increased collateral requirements.
Bloomberg article: <https://www.bloomberg.com/news/articles/2021-06-04/wall-street-banks-rein-in-hedge-funds-short-bets-on-meme-stocks>
[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)](https://preview.redd.it/ikbu389bpv371.jpg?width=640&format=pjpg&auto=webp&s=882883f1c27272cdbc5307815f960ab311a4b9fe)
[![r/Superstonk - Citigroup, Goldman Sachs, BofA restrict shorting on GME, adjust their "risk controls". "Institutional investors now face higher collateral reqs" -- June 4, Bloomberg](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)](https://preview.redd.it/1zai4bphpv371.jpg?width=640&format=pjpg&auto=webp&s=374e67fa884adfaa34acd12f434e355dff716d4c)
For those unaware:
1. [Bank of America is the prime broker for 96% of Citadel's "activities"](https://www.reddit.com/r/Superstonk/comments/nsioql/the_complete_bank_of_america_gamestop_dd/).
2. BofA recently terminated analyst coverage of GME.
3. On June 4, BofA also restricted short positions on GME and increased collateral requirements for existing positions.
4. Citigroup, Goldman Sachs did the same.

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Biggest Broker In Sweden, Avanza, Not Providing Votes or Verification of Ownership.
===================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Sometimesiworry](https://www.reddit.com/user/Sometimesiworry/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkmqvp/biggest_broker_in_sweden_avanza_not_providing/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
The swedes have been fighting with Avanza over this for weeks now. On the Swedish sub iskbets a post have gained traction about a Swedish ape calling the financial inspection agency to talk about this. He got the answer that this indeed seems like malpractice and that we should contact the "konsumentverket" and make a complaint.
So all swedes reading this, go to [www.konsumentverket.se](http://www.konsumentverket.se/) and make a complaint. We are getting royaly fucked
EDIT: Avanzas clearing bank is BNP Paribas. BNP was heavily involved with the Panama papers. As soon as this is over I'm getting the duck out of there.
| Author | Source |
| :-------------: |:-------------:|
| [u/Drollific](https://www.reddit.com/user/Drollific/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkq6ni/the_biggest_broker_in_sweden_doesnt_allow/) |
---
![image](https://user-images.githubusercontent.com/82035192/119549062-dbfb7080-bd64-11eb-8e70-74f1df6e4310.png)

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Broker Bullies -- (Part 1 -- T212)
================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Kronens](https://www.reddit.com/user/Kronens/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oaeeu0/broker_bullies_part_1_t212/) |
---
[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
UK Lawyer Ape here to break up the monotony of interesting posts with everyone's favourite bed time subject - THE LAW...
My opinion - Brokers have been skirting around their legal obligations to their consumers for months now and (personally) I think they are seeing what they can get away with to mitigate their risk and the risk of their institutional clients. The T212 saga today was just the latest in a line of failures to act in their consumer clients' best interests. I've been meaning to do a write up on what Apes might be able to do in response and this is the first part. More will follow if you're interested.
*Disclaimer first: this is not legal or financial advice. The procedural information provided is freely available online and the bit where I set out my thoughts on the T212 clauses are my opinion only. You should not listen to me. Maybe it will inspire you to speak to T212, I don't know. These things are subjective and I would like to invite all the wrinkled brained lawyer Apes to review and let me know if there are mistakes. As you can see, I work with crayons.*
TL;DR -- I don't think what T212 have in their terms in relation to share lending is a fair contractual term and I believe it to be in breach of consumer regulations in the UK (and domestic international laws). You have a right to contest this, details are provided below, and you might want to know my thoughts on the specifics around the terms if you want to make a complaint yourself. As I mention, this is not clear cut, and it might be the specific protections raised don't quite cover the issue but from my experience where something is blatantly detrimenting the consumer; there is a law seeking to protect them.
Intro
I may be a smooth brained lawyer (who has only made terrible memes up until now on this sub) but I took a look at the T212 terms and have some problems with what they're doing.
These notes are primarily focused on the UK as I'm based in London but a lot of this may be adaptable for our international Apes as I expect processes with regulation authorities to be fairly similar. The procedure will most likely involve speaking with your broker in the first instance and then reporting your complaint to a regulatory body if your matter has not been suitably resolved.
To summarise the legal fundamentals behind this note:
1. I called up the Financial Conduct Authority to check that individuals agreeing to broker terms were able to rely on consumer regulation protections and more specifically the unfair terms legislation (we are*);
2. I checked Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA) and think there is a probability that in acting for two opposing clients simultaneously (Ape Long and Hedgies Short) and acting in a manner which benefits one over the other (lending shares to SHFs which has the effect of devaluing Apes stonks) T212 are in breach of the FSMA in relation to conflicts of interests.
3. I believe that clause 22 of the T212 Share Dealing Service Terms of Business is likely to be in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms.
*For the purposes of the CRA you will only come within the protections if you are acting for purposes that are wholly or mainly outside of your profession.
To note: my interpretation of the regulations, is my interpretation and opinion only. It is not clear cut, but I believe that T212's actions amount to a breach of the CRA and FSMA.
Part 1 - So, what can we do about this?
The Process
Call me a pessimist but I don't think T212 will be the only ones to try this. The process outlined below therefore refers to "brokers" rather than T212 specifically for future use.
I also believe this might be useful for Apes outside the UK as international guidance (especially in the EU) is likely to be relatively similar.
Step 1: Contact the broker
Contact the broker as soon as possible in writing so that you have a record of what they say and being speedy allows you to show in the future that you took this matter seriously from the outset.
Financial services firm in the UK have 8 weeks to respond formally (mad right?) however if the broker gives you a deadline for a response it does not seem unreasonable to also set your own deadline before you report the matter to a regulatory body.
Unless they can resolve your issue in 3 business days, they do need to acknowledge your complaint within a reasonable time after those three days.
Step 2: Make the complaint yourself
Lawyers can be expensive, but don't you worry your fluffy little head, you beautiful ape; you can do this all by yourself!
Make sure you identify the problem and terms you feel are not fair.
To make it a little easier I have also provided you with some wording that you might find useful in Part 3. But that's up to you, I'm not your lawyer.
Step 3 -- Contact the Financial Ombudsman
If you are not happy with the response you receive from the firm (again, as a pessimist I have my doubts that you will be happy), or you do not hear from them within the relevant time period (also very probable), the​​​​​ Financial Ombudsman Service may be able to help you.
The Financial Ombudsman Service is a free, independent service for settling disputes between financial services firms and their customers (if you don't already know about them).
**International Apes, I expect you will have similar regulatory bodies which I expect will help you much in the same way.**
The success of a complaint like this may be limited. However, I personally believe that the more eyes we get on this the better. Drawing attention to unfair practices now is better than waiting until all this is over.
Proactively confronting unfair dealings is the only way consumers can show that they do have power.
Step 4 -- Court
We'll keep this one in the back pocket for another day but you should know that you always have the right to take things like this to court; regardless of a regulatory body's decision.
Part 2 -- What do I think T212 may have done wrong?
![Screenshot 2021-06-30 064333](https://user-images.githubusercontent.com/82035192/123947603-8cfdb800-d96e-11eb-8142-0a76b1d5085b.png)
You can see from the above picture the inner workings of a legal genius who just about managed to review the terms before the impulse to eat all the crayons took over.
My verdict? Clause 22 doesn't seem very cash money of T212.
What they're basically saying is that they can lend out your shares to institutions unilaterally; an act which would actively devalue your asset that you have purchased in favour of your competition in all this; the SHF.
I believe that due to this, T212 are likely to have a conflict of interest by being a provider of services to you as a long investor and a SHF by making a decision to lend your shares out (with threat of punitive action should you contest it) for the sole benefit of the SHF.
No... doesn't seem very cash money at all. In fact, someone would call that a d**** move.
I won't go into too much more detail here as I want to get this out quickly to hopefully get the ball rolling for as many of you as possible. However, Part 3 below explains the specifics of the perceived breaches in consumer regulations and the intro above refers to the sources that I base this off.
Part 3 -- How might you speak to a broker like T212?
When I spoke to the Financial Conduct Authority they gave me the following details to raise a complaint with T212 (you know, if that's what you want to do):
Email: <Compliance@Trading212.co.uk>
Phone Number: 0203 816 0199
**I want to make clear that this is just an example of something that can be sent in similar circumstances. I am not encouraging or advocating that you necessarily send this or something similar and if you do send anything similar to T212 then you should only include what you believe is correct to your individual circumstances. I have suggested extra reading into this topic but please do your own research and even get a lawyer if you are looking for legal advice. None of this is legal advice.**
*Subject: Securities Lending Complaint*
*Dear Compliance Team*
*I recently logged into my T212 trading account and was notified that in accordance with clause 2 of your Share Dealing Service Terms of Business (the* *Terms**), I am required to give consent to lend my shares to a third party or suffer penalties (the* *Proposal**).*
*To confirm and for the avoidance of doubt, I do not authorise you to lend my shares to any third party. I purchased the shares with the understanding that they were mine to own and I would receive all proprietary rights as would be expected in any exchange for such a security. That includes the ability to choose whether to lend or not to lend that security to anyone.*
*I also do not accept the punitive measures that you threaten in this correspondence. These penalties are not in accordance with my legal rights as a consumer.*
*If you do not revoke your ability to lend out my shares without imposing penalties by the 9 July 2021 I will be notifying the Financial Ombudsman with full details of the complaint.*
*In the meantime and to consider the current situation in more detail please can you provide the following:*
*1\. Evidence that in accordance with clause 22.1 of the Terms that I gave explicit consent to lending shares in my account;*
*2\. An explanation as to why (presumably) you do not consider the Proposal to be in breach of Chapter 10 of the Financial Conduct Authority Handbook and Schedule 3, section 2A of The Financial Services and Markets Act 2000 (Markets in Financial Instruments) Regulations 2017 (FSMA)? To clarify, T212 is acting as a financial firm to both myself as an investor and a third party who is most likely to use that share to short the stock I have invested in. Both myself and the third party are therefore clients of yours however you are clearly favouring the third party over me as an investor of the stock as the act of shorting that stock will devalue my investment. By imposing penalties on me if I do not agree to this, you are without a doubt favouring the third party as a client whilst harming my investment. Please confirm why T212 consider this not to be a breach of the conflict of interest provisions of the FSMA and FCA mentioned above?*
*3\. An explanation as to why clause 22 of the Terms is not in breach of section 62 of the Consumer Rights Act 2015 (CRA) in relation to unfair contract terms? Clause 22 gives T212 the unilateral ability to lend out shares that I have invested in to the detriment of my shareholding. No investor in their right mind would allow their shares to be lent out to a third party who is likely to use that share to short the stock as it would clearly devalue the initial investment. I see no benefit in the clause for me as an investor; which (I'd like to point out) is hidden away in one of many of your terms and conditions.*
*I will require a response to these queries as soon as possible considering the very limited timescale you have given me to consider my options. If I do not hear from you before the 9 July 2021 with what I consider to be an adequate response in resolution of this matter or if you have not by that time revoked the Proposal I will be contacting the Financial Ombudsman to make a formal complaint about your business practices.*
*Yours faithfully,*
Part 4 -- What Comes Next?
That really depends on how T212 would like to deal with this. In my opinion, they are likely to get a lawyer to go through why these provisions do not apply (in their opinion). At that point, the regulation authority should decide whether that is true or not.
On the face of it, this seems blatantly unfair to the consumer and where that happens (in my experience) more often than not it is a breach of a rule or regulation that seeks to protect a consumer.
If people would find it useful I can do some further research on how someone might make a formal complaint to the Financial Ombudsman. I would recommend that would need more details in relation to specific breaches of the legislation and the terms.
I have also been thinking about setting out my thoughts on notifying conduct authorities about:
1. The brokers' action in trading halts in January;
2. Unfair terms in T212 and other brokers terms;
3. US market practices and the role of domestic brokers in managing this risk.
I would appreciate any feedback and suggestions!.
TL;DR -- it's at the top you lovely, smooth-brained, simple ape.
*Further disclaimer: in case in the interest of making this a little less formal anyone thinks this is unprofessional or could make lawyers look bad; I'm doing this to help people, it's free, law isn't entertaining (but I gave it a go), I don't actually eat crayons and you're wrong.*

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How to Vote with Degiro
=======================
| Author | Source |
| :-------------: |:-------------:|
| [u/NothingNeo](https://www.reddit.com/user/NothingNeo/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n625d4/how_to_vote_with_degiro/?utm_source=share&utm_medium=web2x&context=3) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
This is an educational post.
Keep in mind: It will cost €10 but I would really concider doing it. 10 Euros is really not that much.
I will give a little introduction on how Degiro works so if you want to skip to the voting tutorial just scroll down to the ape-rocket emojis.
So while Degiro a few days ago simply said that they could either give you a UBO (utimate benificial owner) certificate and try to contact Gamestop directly, they also said that they could try to contact their clearing bank with my instructions on how to vote so that they then would vote on my behalf.
It seems like they got flooded with requests to vote on Gamestop so they now set things in motion for the last point to be fully set in motion. So this is now the way to cast your vote and it is no longer an uncertainty but their official and guaranteed way to let you vote.
So here is how it works:
No matter if you hold a basic/trader account or a custody account, in both of the situations your shares are held in an omnibus account of Degiro. That is also the reason why they can't hand out control numbers. You don't own one specific share but rather a percentage of that omibus account. This could sound like problem but it really isn't. They don't allow the shares to be lent out (no matter the account type) and therefor all the shares are held in an 1:1 ratio in that omnibus account. So if 10 million apes hold a cummulative of 30 million shares on Degiro then the omnibus account will represent that in a 1:1 way. The reason they do it this way is that it makes it cheaper and easier for Degiro to handle all the trades through one big account than several million different ones. That's why they're able to keep the fees so low.
🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀🦍🚀
How to vote:
1\. Contact Degiro via E-Mail.
The E-Mail depends on the country you live in but it always starts with "ca@degiro".
So if you live in Germany/Switzerland then the adress would be: <ca@degiro.de>
If you live in the UK then the adress would be: <ca@degiro.co.uk>
France: <ca@degiro.fr>
Italy: <ca@degiro.it>
Portugal: <ca@degiro.pt>
Sweden: <ca@degiro.se>
Netherland/Belgium: <ca@degiro.nl>
Greece: <ca@degiro.gr>
Czech Republic: <ca@degiro.cz>
I think you get it. It's just the country code that changes.
You simply send an email to that adress with a title like "Voting in Gamestop shareholder meeting" where you say something like "I would like to take part in the voting in the annual shareholders meeting of Gamestop 2021"
2\. Their reply
They answer you (for me I got the answer after only 5min) with a prewritten text with instructions on how to cast your vote. It may be worded a little bit different in all the different languages but it comes down to them demanding of you to:
Send them an additional Email to the same adress "<ca@degiro.xx>" with:
- With the Email your account is registered on
- Stating that you agree with the costs of 10 Euros being withdrawn from your account
- Your complete instructions on how to vote
3\. Example of voting instruction email
Here is an example of how such an Email could look like:
-------------------------------------------------------
Titel of Email:
Voting Instructions Gamestop Annual Shareholders Meeting 2021
Text of Email:
Enclosed are my voting instructions:
1. Election of directors
1.1 George E. Sherman -for
1.2 Alain Attal -for
1.3 Lawrence Cheng -for
1.4 Ryan Cohen -for
1.5 James Grube -for
1.6 Yang Xu -for
2\. Provide an advisory, non-binding vote on the compensation of our named executive officers -for
3\. Ratify our audit committee's appointment of Deloitte & Touche LLP as our independent registered public accounting firm for our fiscal year ending January 29, 2022 -for
I agree that the fee of 10 euros will be paid from my account.
Best regards, Ape
--------------------------------------------------------
And that's it! It's that easy!
If your shares are with Degiro please consider voting!

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Fidelity didn't sell. Don't believe the FUD.
============================================
| Author | Source |
| :-------------: |:-------------:|
| [u/locomoroco](https://www.reddit.com/user/locomoroco/) | [Reddit](https://www.reddit.com/r/GME/comments/lhfsbq/fidelity_didnt_sell_dont_believe_the_fud/) |
---
Edit 1: *Disclaimer: I am not a financial advisor and IANAL. This material and information contained here are for educational purposes only. You should not rely on this material to make financial or legal decisions*.
I commented this, but it deserved a post.
You probably saw the WSJ claiming Fidelity sold along with several post here about the same. Seems like more propaganda. I've also noticed several post claiming that we should leave Fidelity. I swear hedgies are desperate now.
They didn't sell. What happened was a transfer of ownership. The WSJ article is worthless, because all they did was look at the 13G form submitted on February 10, 2021 which only shows 87 shares. See below.
Even if they really had sold, this occurred Jan 26-29 which means that it's already included in the [FINRA SI% 78%. ](http://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=14%3A0P000002CH&sdkVersion=2.58.0)Don't believe everything you read specially without ANY SOURCES.
I think everyone is confused about what form 13G is. [It represents change of ownership when a party acquires more than 5% beneficial ownership, NOT SELLING.](https://www.investopedia.com/terms/s/schedule13g.asp) So on [February 8, 2021 FMR LLC gave beneficial ownership of 9,276,087 shares to FMR Co. LLC.](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt)
Then on [February 10, 2021 FMR LLC gave beneficial ownership of 87 shares to Strategic Advisers LLC.](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001389/filing.txt)
FMR LLC has 0 shares of beneficial ownership now.
FMR Co LLC has 9,276,000 shares of beneficial ownership now.
Strategic Advisers LLC has 87 shares of beneficial ownership now. Based on this Fidelity fund, [FCTDX](https://fundresearch.fidelity.com/mutual-funds/summary/31635R363), this group manages it based on the [prospectus](https://www.actionsxchangerepository.fidelity.com/ShowDocument/ComplianceEnvelope.htm?_fax=-18%2342%23-61%23-110%23114%2378%23117%2320%23-1%2396%2339%23-62%23-21%2386%23-100%2337%2316%2335%23-68%2391%23-66%2354%23103%23-16%2369%23-30%2358%23-20%2376%23-84%23-11%23-87%230%23-50%23-20%23-92%23-98%23-116%23-28%2358%23-38%23-43%23-39%23-42%23-96%23-88%2388%23-45%23-55%23-85%23112%230%2340%23-99%2332%2357%23-74%235%23-89%23-105%23-67%23126%2377%23-126%23100%2345%23-44%23-73%23-15%238%23-21%23-37%23-17%23-14%23-98%23123%23-18%2345%23-59%23-82%2367%2383%23112%2317%2370%23-78%2378%23-50%2336%23-86%23-90%2381%23-21%23-119%23-30%23120%2349%2328%23-98%2333%2351%23-78%23-119%23-16%2350%23-58%2350%23102%2348%23-17%2352%23-99%23#doc_div).
The additional 6,800,276 shares belong to this fund, [FDMLX](https://fundresearch.fidelity.com/mutual-funds/summary/316345875#), and I believe they remain there since the transfer of ownership did not include this number.
Edit 2: IMPORTANT: From the comments, some people still believe Fidelity sold on 12/31/2020 to FMR Co LLC. So, I am providing more info on it. My brain hurts from all the legal jargon.
THEY DIDN'T SELL. To understand why I say this let's look at Schedule 13D. But first:
Look at [Item 7 which points you to Exhibit A:](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt)
> Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G.
>
> Fidelity Management & Research Company LLC * IA
>
> *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this Schedule 13G.
Per [form 13F](https://www.sec.gov/Archives/edgar/data/1145247/000114524720000003/xslForm13F_X01/primary_doc.xml), on January 1, 2020 four companies (FMR Co., Inc., Fidelity SelectCo, LLC, Fidelity Investments Money Management, Fidelity Management & Research Company (FMR Co,. Inc)) merged and became Fidelity Management & Research Company LLC (FMR Co. LLC).
FMR Co. LLC is owned by FMR LLC, [per 13G Exhibit A 2021-02-08](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt).
> *Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC*
What is Schedule 13D:
[Schedule 13D](https://www.investopedia.com/terms/s/schedule13d.asp) is also known as the "beneficial ownership report". This is a form that must be filed with the SEC when a person or group ACQUIRES MORE THAN 5% of any class of a company's equity shares. KEYWORD, ACQUIRES, NOT SELLS.
In form 13G you'll see this text, [RULE 13d-1(k)(1) AGREEMENT](https://www.law.cornell.edu/cfr/text/17/240.13d-1). All this legal jargon is making my brain hurt. This agreement simply means if each person/group can individually file form 13G for all the changes within form 13G, then only one statement is required. This is why we see FMR LLC file the forms.
Why is December 31, 2020 important? Form 13G says, "*Institutional investors are required to file an amendment to report any changes within 45 days of the end of the year*". What are these changes? Glad you asked, CHANGE IN OWNERSHIP.
From the filing date of [2021-02-08](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001050/filing.txt) to 2020-12-31, there are 39 days. They are reporting (6 days before the deadline of Schedule 13G) that FMR Co. LLC is now the beneficial owner of 9,276,087 shares.
They do the same 2 days later on [February 10, 2021](https://www.sec.gov/Archives/edgar/data/0000315066/000031506621001389/filing.txt), because of *changes to the information contained in a Schedule 13G form must be amended through additional reporting.* What changes? 87 shares are now owned by Strategic Advisers LLC*.* This had to be submitted *within 10 days of any month-end where the holder's ownership increases or decreases by 5% or more.*

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Are my GameStop shares lent out? Fidelity version. Not financial advice.
========================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/uncle_irohh](https://www.reddit.com/user/uncle_irohh/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mpoyou/are_my_gamestop_shares_lent_out_fidelity_version/) |
---
[Fluff ☁](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Fluff%20%E2%98%81%22&restrict_sr=1)
[![r/Superstonk - Are my GameStop shares lent out? Fidelity version. Not financial advice.](https://preview.redd.it/b74gw84uits61.png?width=960&crop=smart&auto=webp&s=86f29e52261959083fef0c881254b34ab1cbb2ee)](https://i.redd.it/b74gw84uits61.png)

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Limit Sell, Not Market Sell - Fidelity Spreadsheet
===================================================
>:memo: **NOTE**
>
> **This post is out of date as [Fidelity recently increased their sell limits](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/).**
| Author | Source |
| :-------------: |:-------------:|
| [u/LolliGoinTuTheMuun](https://www.reddit.com/user/LolliGoinTuTheMuun/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mv57b8/re_limit_sell_not_market_sell_fidelity_spreadsheet/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
If anyone is interested, I created a cheat sheet. Fidelity lets us put in Limit Orders for 50% of the current price. I laid out prices from 50k to almost the moon, so that if we reach these prices, I can tell just where to set the Limit Sell. Pretty elementary, I know, but I figure my brain will short circuit when it's happening.
[![r/Superstonk - RE: Limit Sell, Not Market Sell - Fidelity Spreadsheet](https://preview.redd.it/1tvd7qpehfu61.png?width=1276&format=png&auto=webp&s=ab4fb0ac668b69f972fb3d9d297cf7b19d1a09be)](https://preview.redd.it/1tvd7qpehfu61.png?width=1276&format=png&auto=webp&s=ab4fb0ac668b69f972fb3d9d297cf7b19d1a09be)

27
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Freestyle Fridays: Change in limit order pricing from 50% to 500%
=================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/fidelityinvestments](https://www.reddit.com/user/fidelityinvestments/) | [Reddit](https://www.reddit.com/r/fidelityinvestments/comments/n71vc7/freestyle_fridays_change_in_limit_order_pricing/) |
---
[Hot Topic](https://www.reddit.com/r/fidelityinvestments/search?q=flair_name%3A%22Hot%20Topic%22&restrict_sr=1)
Hello members of the [r/fidelityinvestments](https://www.reddit.com/r/fidelityinvestments/) community. We have seen many posts discussing our policies on limit orders. These are some of the most upvoted posts on our subreddit. The discussion focused around the ability to place limit orders outside of the 50% limitation from the current price of the stock.
We've listened to your feedback and we are pleased to announce a change to our policy. As of today, sell limit orders are now allowed to be set 500% away from the current market price. Buy limit orders will be allowed to be entered starting at $.01.
| Stock Price | Prior Sell Limit Max | New Sell Limit Max |
| --- | --- | --- |
| $100 | $150 | $600 |
The calculation is:
(Stock Price x 500%) + Stock Price = New Sell Limit Max
We are still in the process of updating the rule for contingent orders to 500%. We are expecting that change to occur in the next few months. Stay tuned to our subreddit for additional updates. We value the feedback you are providing and are focused on updates and enhancements that are important to you.
To better clarify the new changes we removed the original post and posted with the updated calculation.

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If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀
=================================================================================================================================================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Dwellerofthecrags](https://www.reddit.com/user/Dwellerofthecrags/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nbku8x/if_fidelity_transferees_own_19_shares_each_theyd/) |
---
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
[![r/Superstonk - If Fidelity transferees own 19 shares each, they'd own over 100% of the shares that should exist. This wouldn't include existing Fidelity customers or those using other platforms. Saying we own the float is a massive understatement!!! 🚀🚀🚀](https://preview.redd.it/iu114zzt0xy61.jpg?width=640&crop=smart&auto=webp&s=30a0d5316bcc955a8c69c1d6843e181f93e36da5)](https://i.redd.it/iu114zzt0xy61.jpg)
[Image Source](https://www.cnbc.com/2021/05/05/fidelity-adds-4point1-million-new-clients-in-the-first-quarter-of-2021.html) provided by [u/Meticulous](https://www.reddit.com/user/Meticulous-)

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Question about account insurance
================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Wowu812](https://www.reddit.com/user/Wowu812/) | [Reddit](https://www.reddit.com/r/fidelityinvestments/comments/ntcje0/question_about_account_insurance/) |
---
[Official Response](https://www.reddit.com/r/fidelityinvestments/search?q=flair_name%3A%22Official%20Response%22&restrict_sr=1)
Hello - I've heard rumor that for example, gme goes beyond the moon. Once the stock is sold Fidelity will automatically separate the funds into accounts so that the full amount will be federally insured. Is this accurate? If not is there process that can be set up in advance to handle a large influx of cash?
Additionally the same question(s) when transferring cash from another broker into fidelity and having all funds federally insured
---
**Answer from [u/FidelityEmilio](https://www.reddit.com/user/FidelityEmilio/)**
Hi [u/Wowu812](https://www.reddit.com/u/Wowu812/),
The FDIC deposit sweep program is available in the [Fidelity Cash Management Account](https://www.fidelity.com/cash-management/fidelity-cash-management-account/overview) and eligible retirement accounts. This program holds your uninvested cash balance in an FDIC-eligible deposit account with our participating program banks. If you have more than $245,000 in uninvested cash in your account, the program maximizes your eligibility for FDIC insurance by systematically allocating this uninvested cash across multiple program banks.
Please take a look [here](https://www.fidelity.com/why-fidelity/safeguarding-your-accounts) to learn more about our account protections and safeguards, including coverage through the Securities Investor Protection Corporation (SIPC).

71
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ROBINHOOD SMACKED WITH $65mm DISGORGEMENT PENALTY FOR FRAUDULENTLY MISREPRESENTING ITS INVESTORS
================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/MissionHuge](https://www.reddit.com/user/MissionHuge/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/ndehkt/robinhood_smacked_with_65mm_disgorgement_penalty/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
Apes, the boy from Bulgaria has officially started a gofundme. All contributions to be sequestered by the SEC for the benefit of apes.
In other news, the SEC instituted, among other enforcement actions, a cease-and-desist proceeding under file#3-20171 against Robinhood which resulted in the attached December 17, 2020 order in which RH conceded it breached its fiduciary obligation to its customers by engaging in non-disclosed and otherwise unlawful PFOF practices. In plain English, they admitted fraud.
The order imposes a $65mm penalty and sanctions against Robinhood. An additional order (not attached) was issued a few weeks back directing those amounts be set aside in a QSF administered by a court-appointed trustee for distribution to impacted apes (defined to mean Robinhood customers during the period 2015 to September 2018, when this particular fraudulent conduct was found to have occurred).
The factual findings shed light on RH's PFOF practices and underscore the nature of the present conflict as it pertains to other broker-dealers (pay attention to the CSR's).
Merits a close read and I promise you there are some good nuggets in here.
P.S. Can't change the title but pardon my pronoun glitch.
Bada bing bada boom to the moon,
MH
EDIT 1: Also attached the order of reference for the fund administration.
EDIT 2: An ape just asked me to identify my source. This confuses me greatly. My source is the document I've attached in its entirety, which is part of the litigation file materials available at [www.sec.gov](https://www.sec.gov/) under file no. 3-20171.
EDIT 3: I'm being downvoted by RH shills for posting the actual filed and entered order from the SEC. Yes, I know you would have preferred a hyperbolic narrative so you can do your thing, but there's no twisting them words. No need to be coy Roy, make a new plan Stan.
EDIT 4: Changed PPOF to PFOF. Sorry for any confusion.
<https://preview.redd.it/xxk214q57ez61.jpg?width=1700&format=pjpg&auto=webp&s=9e7c09ed12b57926581151d4c3dfcaf9dc010a9c>
<https://preview.redd.it/9swcick08ez61.jpg?width=1700&format=pjpg&auto=webp&s=5436ef51a8fb3a9e16bd1a7c42ebc7854f77a1ac>
<https://preview.redd.it/uw86q7118ez61.jpg?width=1700&format=pjpg&auto=webp&s=91b6d977418bb1b7872bc93344caafb6baf92387>
<https://preview.redd.it/t5kdnlk18ez61.jpg?width=1700&format=pjpg&auto=webp&s=34b5ba262b0b5cb6b5cc8a71a48fa0cb540bb1ce>
<https://preview.redd.it/qr60jr428ez61.jpg?width=1700&format=pjpg&auto=webp&s=0b355fe6103eab0cc829c166afb181dae54080dd>
<https://preview.redd.it/xzwr1zt28ez61.jpg?width=1700&format=pjpg&auto=webp&s=57f9a6c15226af309cd595fd9415c8a7495415c6>
<https://preview.redd.it/zku1l2c38ez61.jpg?width=1700&format=pjpg&auto=webp&s=19402eb07874ae49e9ed5b646b9d61b07c7c3ce6>
<https://preview.redd.it/0n7h29y38ez61.jpg?width=816&format=pjpg&auto=webp&s=1d3ec6401781e0d23c507ddf0654851b02fdf09b>
<https://preview.redd.it/07zb8ef48ez61.jpg?width=757&format=pjpg&auto=webp&s=bb9a34bfdd38982c743e0bd757daee51cc135778>
<https://preview.redd.it/twa8x2x48ez61.jpg?width=1700&format=pjpg&auto=webp&s=762a1b6b9191d23415efbd334dc580d37d183e2a>
<https://preview.redd.it/h0yc5wh58ez61.jpg?width=1700&format=pjpg&auto=webp&s=48901bb3df2b22bdaa467c9d9fafc3fa67c2eaaa>
<https://preview.redd.it/r9ac0o478ez61.jpg?width=1700&format=pjpg&auto=webp&s=6f94e7f95a184398475cf389435482d4349967c1>
<https://preview.redd.it/ubwhq4l78ez61.jpg?width=1700&format=pjpg&auto=webp&s=dd22f8b32fde34813116badd9bb582bf8702d8c1>
<https://preview.redd.it/tch1kga88ez61.jpg?width=1700&format=pjpg&auto=webp&s=da5f121150c9190ac8c92d56c98655f9866e686a>
<https://preview.redd.it/ezcgozs88ez61.jpg?width=1700&format=pjpg&auto=webp&s=db462dc909336d91ed3c59a02005edc95533047a>
<https://preview.redd.it/stb6s3698ez61.jpg?width=1700&format=pjpg&auto=webp&s=7e5eb38aad6282b2f11e293d0a3e6d1c911b1d54>
[ORDER OF APPOINTMENT P. 1](https://preview.redd.it/o7b11pa8cez61.jpg?width=1700&format=pjpg&auto=webp&s=ea0dbdb7000ae86dceff3ecb48f0b42f447982e7)
[ORDER OF APPOINTMENT P. 2](https://preview.redd.it/3btenxy8cez61.jpg?width=1700&format=pjpg&auto=webp&s=b8ccd51d1aed90b5416c463d798aa085eb32a511)

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IEX DIRECT ROUTING WITH TDA: Client Services > My Profile: 1) Enable Direct Routing 2) Routing, Select IEX
==========================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/candilox](https://www.reddit.com/user/candilox/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nkt7ie/iex_direct_routing_with_tda_client_services_my/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
[![r/Superstonk - IEX DIRECT ROUTING WITH TDA: Client Services > My Profile: 1) Enable Direct Routing 2) Routing, Select IEX](https://preview.redd.it/48ho80rwha171.jpg?width=640&crop=smart&auto=webp&s=9bf1ab5bef14eac65a0aed7be7fa3329ee13e868)](https://i.redd.it/48ho80rwha171.jpg)

12
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TD Ameritrade blocking options trading for GME "due to the volatility" Are other brokers doing this?
====================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Il1Il1Il1](https://www.reddit.com/user/Il1Il1Il1/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o9iufr/td_ameritrade_blocking_options_trading_for_gme/) |
---
[Question ❓](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Question%20%E2%9D%93%22&restrict_sr=1)
[![r/Superstonk - TD Ameritrade blocking options trading for GME "due to the volatility" Are other brokers doing this?](https://i.redd.it/sq6m8nudxz771.jpg)](https://i.redd.it/sq6m8nudxz771.jpg)

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🚨 PSA for Trading212 apes: Here's what you need to do next...
============================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/salsa_sauce](https://www.reddit.com/user/salsa_sauce/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa6cei/psa_for_trading212_apes_heres_what_you_need_to_do/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
If you haven't already seen, as of this morning, T212 are forcing customers with a General Investment account (but not ISAs) to agree to their shares being lent out.
To be clear, as I'm seeing a lot of misinformation in the comments: this ONLY applies to general investment accounts, which did not previously have their shares lent out. T212 are already known to automatically lend shares on *margin* accounts, but this only applies to "normal" share accounts with them.
Here's what I would consider doing:
1. Never give these crooks another penny of your money
2. Do not agree to have your shares lent out. If you don't agree by July 13th, T212 say you will only be able to close or reduce positions.
3. Continue to hold your existing shares with T212. Do not try and transfer, due to T212 restrictions you'll have to sell your shares and buy them back at market rate, which means you could incur a loss, and hedge funds could potentially buy back your shares to cover positions.
4. Open an account at another broker, but to be clear, do not transfer. Just use this new brokerage account for future purchases. This way, you keep your existing shares held at T212, and as long as you haven't agreed to the terms changes, they will not be lent out.
5. If you're a U.K. ape, and haven't already opened a shares ISA this financial year, open an ISA account with your chosen provider. This way your gains are tax-free, and crucially, shares cannot be lent out from ISAs.
6. Continue to buy through your new broker. Only return to T212 to close your positions when MOASS takes off (or keep your shares there for the Infinity Pool)
Many T212 users seem to be in the U.K., for those people I would recommend Interactive Investor (no known restrictions), or Freetrade (max $25k per order, but they have suggested this will change). I personally wouldn't recommend Hargreaves Lansdown, as they don't offer limit orders without calling them up. *Do your own research, these recommendations are just my personal experience*.
This isn't financial advice. Good luck!

25
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It looks like Vanguard increased their long position in GME with about more 400k shares since last filing.
==========================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/infation](https://www.reddit.com/user/infation/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nc95v3/it_looks_like_vanguard_increased_their_long/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
[Their previous 13F-HR filing from Feb.](https://www.sec.gov/Archives/edgar/data/102909/000110465921021334/xslForm13F_X01/infotable.xml)
<https://preview.redd.it/gsntjmrfc3z61.png?width=2557&format=png&auto=webp&s=7cc3b7da20b1dd2d5fc8e7c92da13c241cdf9f9c>
[Current 13F-HR from report that came out a few minutes ago.](https://www.sec.gov/Archives/edgar/data/102909/000110465921066511/xslForm13F_X01/infotable.xml)
<https://preview.redd.it/kv5g99nqc3z61.png?width=2557&format=png&auto=webp&s=5117b8f643c8d55e3a51aa5575357321d7554ac9>
Vanguard fucks.
Edit: ~~They bought those shares between 1st January and March 31. Which means they are also bullish as fuck even with GME being at highest levels during that time frame.~~
Edit2: Some people have said that ETF weighing is responsible for the increased shares. I am not too knowledgeable about that matter so I cannot comment too much. However, the fact (unless they misreported) is that VANGUARD GROUP INC owns more GME shares than the previous filing. Would love some more wrinkled brain to shed some light into this.

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Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!
======================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Dutchie_PC](https://www.reddit.com/user/Dutchie_PC/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nj4knk/preparing_your_etoro_account_for_the_incoming/) |
---
[Education 👨‍🏫 | Data 🔢](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%20%7C%20Data%20%F0%9F%94%A2%22&restrict_sr=1)
Good morning EuroApes, good morning BritApes, good morning international Apes!
As your self-appointed patron saint of *les miserables* confined to trading on eToro, I present you this five-step checklist to make sure your eToro Account is all set for our trip to Tendietown. Please note that I am not a financial advisor, and none of this should be interpreted as financial advice.
Get your favourite crayons to snack on, put your intelligent face on, and let's GO!
1\. Two-Factor Auth
[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/12ndcti5bu071.png?width=650&format=png&auto=webp&s=61369a9f04c75169f007cf5ef1559e75c7346211)](https://preview.redd.it/12ndcti5bu071.png?width=650&format=png&auto=webp&s=61369a9f04c75169f007cf5ef1559e75c7346211)
We all hate 2FA, I know. Just like cookies, they take the fun out of the internet. But please turn it on - you don't want to be caught locked out of your own account right after the rocket took off. Sounds paranoid? You bet! There's a lot at stake here, you *should* be paranoid.
Go to settings, then to Account, then to Two Factor Authentication.
2\. Private Profile
[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/o1ngj80jbu071.png?width=650&format=png&auto=webp&s=311125d5f80b36caddc91bfdc3abb4815b9aa66c)](https://preview.redd.it/o1ngj80jbu071.png?width=650&format=png&auto=webp&s=311125d5f80b36caddc91bfdc3abb4815b9aa66c)
People with private profiles inserting themselves in eToro discussions are frowned upon. Well, fuck that. You don't need eToro's poorly-moderated community posts: Superstonk is your home! Protect your identity ahead of the MOAS(S), set your profile to private.
Go to settings, then to Privacy, and uncheck the two boxes for Public Account and Full name.
3\. Your Account Manager
[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/usdyyfu9cu071.png?width=650&format=png&auto=webp&s=f3a61b03b4b7e82de0ece3b84ed021b67839795d)](https://preview.redd.it/usdyyfu9cu071.png?width=650&format=png&auto=webp&s=f3a61b03b4b7e82de0ece3b84ed021b67839795d)
Now, I am not sure whether everyone has access to an Account Manager. I think this is tied to how much $€£ you're working with. But if you *do* have access to this feature, go ahead and introduce yourself. They respond quicker than Customer Support.
For this you need to visit Club Dashboard, which you should find above 'Invite Friends'.
4\. Keep records
[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/milmz6pscu071.png?width=650&format=png&auto=webp&s=ebe07b2991deff103a2c60598fbe57cae2abfc55)](https://preview.redd.it/milmz6pscu071.png?width=650&format=png&auto=webp&s=ebe07b2991deff103a2c60598fbe57cae2abfc55)
I don't trust any broker, and neither should you. Again, there's a lot at stake here. Fuckery may be afoot. Screenshots are good, but Account Statements are better. Download these regularly, you might need those docs one day. No need to read them: Just download, back up, done.
Go to settings, then to Account, scroll down to Account Statement, click View, fill out the dates.
(*Tip: I do this once a week, and my start date is always 24.01.2021, the day before I first bought GME)*
5\. No SL/TP!
[![r/Superstonk - Preparing your eToro Account for the incoming MOASS: An easy 5-Step checklist for Apes, with pictures!](https://preview.redd.it/qepra21ddu071.png?width=650&format=png&auto=webp&s=49dc924d7e03789ff303569d6fd094f7afea3d34)](https://preview.redd.it/qepra21ddu071.png?width=650&format=png&auto=webp&s=49dc924d7e03789ff303569d6fd094f7afea3d34)
You didn't think your clogs-wearing Ape would sign off without emphasising the most important, did you? Check every single position, including That Movie Stock if you hold any, and be sure Stop Loss and Take Profit are turned OFF. Not zero, not 1000%. OFF!
Go to your portfolio, click on the name of a stock or the little gear, check your settings.
--
Alright Apies, I hope this little guide serves you well. Let me know if you have any questions, and please do call me out when I missed something. Remember the MOAS could start tomorrow, on the 10th of June, or in a couple of months. No matter what, hedgies are fukt and shorts must be covered.
Keep the faith, buy and hodl, think of an exit strategy when you are selling on the way down. I will now tend to my tulips and I wish you all a wonderful Sunday.
APES TOGETHER...!!

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Overview of Current GME Situation: It's Just Getting Started
============================================================
| Author | Source |
| :----: | :----: |
| [u/Foolmonso](https://www.reddit.com/user/Foolmonso/) | [Reddit](https://www.reddit.com/r/GME/comments/le4j0w/overview_of_current_gme_situation_its_just/) |
---
*Disclaimer: I am not a financial advisor, nor am I licensed or in any way qualified to dictate or advise your trading decisions. I don't know jack shit about fuck. This is not financial advice. This analysis is not meant to influence, inspire, or inform you regarding your trades. This analysis was written purely as speculation and could be entirely incorrect. I found my own analysis interesting and wanted to share my unprofessional opinion. Furthermore, while these numbers are accurate as per their sources, they may not account for other factors that relate to the stock's activity. I own shares of GME.*
TLDR: This is currently a war between funds. Your 1.41 shares don't move markets, you little fractional bitch. But if you sell at a loss right now, you're literally just giving them money like a fucking idiot.
Background: GME is owned almost exclusively by institutions and funds. <https://finance.yahoo.com/quote/GME/holders/>
The combined top 10 institutions + 10 funds own 88.93% of the shares. I don't know what the fuck 122.04% of Shares Held by Institutions means (may have the do with the made-up shares fuckery, but I'm not going to get into that). The point is, institutions and funds own almost everything, retail owns almost nothing.
GME was already heavily shorted by late 2020. Likely more than 80% of those shorts occurred at $4 or less.
Late 2020 Short Interest Data sourced from Capital IQ: <https://imgur.com/a/6lH0nx5>
Note on shorts: When you short a stock, you have to pay interest DAILY on that stock at the CURRENT PRICE. If the stock's price decreases, you will likely make more money from the decrease than you will lose from the interest. When the price increases significantly, the daily interest may eat at all the potential profits you were hoping to make.
Early 2021 Short Interest Data sourced from Capital IQ: <https://imgur.com/a/BlQDgI4>
As you can see above, in late January, the price of GME kept rising, and it likely became unprofitable/risky for these short sellers to continue holding their short position at these prices. They likely knew that the price was eventually going to go down, but it must have cost them a fortune on a daily basis to continue holding. This leads to some of them trying to cover their shorts, which led to the price rising even further, which led to others trying to cover their shorts, etc. Combined with retail mania, this is what created the "squeeze."
So the short interest goes from 102.08% to 88.58% and the price went from $35.50 to $347.51.
Now, we know that the shorts were NOT covered. I refer to this excellent post here as to how it's basically mathematically impossible for them to have actually covered: <https://old.reddit.com/r/wallstreetbets/comments/ldjbg1/analysis_on_why_hedge_funds_didnt_reposition_last/>
But there's another simple reason why the shorts weren't covered:
Who the fuck is going to leave their money with a fund that loses 53% of assets in a single fucking position? The ultra-wealthy whose assets these hedge funds manage would all immediately withdraw all their fucking money and sue for breach of fiduciary duty.
Melvin may have told the media that they covered their shorts, but I guarantee they fucking called every one of their clients and told them they hadn't covered, and that they had a new plan. Get an injection of cash from Citadel and Point72 ($2.75 Billion) to pay the daily interest rates on their shorts, and run a FUD media campaign against these retail morons to sell and tell them that the squeeze is already over - while Melvin waits it out. "The shorts have been covered, anyone left holding the bag is a fucking moron."
So what's the current situation?
1. Team A Hedge Funds: These are the morons who shorted the stock at $4 and below and are currently bleeding. Some of them definitely covered and exited, but it's mathematically impossible for all of them to have covered. These are the REAL BAGHOLDERS. They literally lose money every day that they hold the short as long as the stock is over $4. They need the price to go down to reduce their daily bleed. They need to buy the stock back eventually to stop bleeding or reduce the price to $4 or below again.
2. Team B Hedge Funds: These are the sharks who sensed the blood in the water and shorted the stock as it was rocketing up. They hold shorts likely in the $150-$450 range. On paper, they have made a fucking fortune and are planning their next move. They love these currently "low" prices and want to buy back the stock and cash in their profit, but they can't do so too quickly without shooting the price up again and losing that profit margin. Because they shorted the stock, they are also bleeding. They will need to buy these stocks back eventually, before their profit goes to nothing (this could be a long long time).
3. Team C: Institutional Holders and Fund Holders: These guys basically hold all the shares that Team A and Team B Hedge Funds want. They're currently sitting on massive paper gains and want to squeeze Team A and Team B for every cent they have. They know Team A and Team B are bleeding, and that they must eventually buy back the stock (especially Team B since Team B wants to actually realize their profits). They're comfortable sitting on their profits, but they're also very comfortable bleeding these guys out knowing they have to buy back, and they can wipe out a competing fund in the process. They are also very happy if there is another squeeze because rather than sell 5 shares, they would love for the price to jump 500%, sell 1 share, keep 4, and continue bleeding Team A and B.
What's happening right now is that there is a war being waged between these three groups. Do not underestimate the people who work at hedge funds - they are extremely intelligent, extremely greedy, and extremely competitive. If a moron like me can dissect the situation, they all have certainly figured it out as well. What's happening right now is they are trying to find a market equilibrium price without giving away their positions. Team A wants to cover, but can't seem desperate or else the price will skyrocket. Team B wants to "cover," but can't seem greedy without eating into their profits. And Team C wants to sell and realize their profits, but they can't all do it at once without tanking the price.
And you, my paper handed fucking mongoloid friend, when you buy high and sell low, you literally throw your fucking losses into this pool for these three to fight over as they try to minimize their losses/maximize their profits.
The short interest is still massively high and this story is just beginning. This is not the end, despite the FUD and the shilled pessimism in WSB. Will it hit $300 again? Maybe not. Will there be massive volatility as they duke it out and the opportunity to break even/profit? Yes.
This is not financial advice. I am not telling you to hold. However, you have already paid for your ticket to this show, think about maybe sticking around for the ending.

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BLACKROCK, VANGUARD, and FIDELITY are going to NUKE 🔥 Shitadel!!!
==================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Wilmar16](https://www.reddit.com/user/Wilmar16/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mr5s1k/blackrock_vanguard_and_fidelity_are_going_to_nuke/) |
---
[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
How Investing Giants Gave Away Voting Power Ahead of a Shareholder Fight!
Disclaimer: financial advise! Fuck is that shit, I'm drunk and you bored so listen to me rap.
TA:DR (too ape didn't read) Blackrock, Vanguard and Fidelity has every incentive to send us to the fucking 🌙🚀🚀🚀🚀🚀🚀🚀🚀 strap the fuck in
So i was curious about the dynamics of a share recall and to see why the big names maybe will or will not recall shares so i started digging and found some stuff
First i wanna bring in HESTIA CAPITAL MANAGEMENT, LLC, before Ryan Choen came in, they were the frist to try and recall shares and get a vote going. We knew that part already however this is one thing not discussed much but Hestia wanted a share recall to vote on the corruption of the old board and bring in some new blood to change the direction they were going so check this out
<https://www.sec.gov/Archives/edgar/data/1326380/000092189520001599/ex1todfan14a12166002_052620.pdf>
Seem like Hestia was trying to point out just how fucked up the old board of directors were which really leads me to blieve they were working with shorts to drive Gamestop into bankruptcy (my opinion). Which would explain how Ryan Choen and the gang was able to get shit moving so quickly cuz they have the goods on them, here are some allegations that Hestia brough up
**The Board eliminated the annual dividend as the Company's credit quality deteriorated. GameStop?s stock fell 36% upon announcement of the cut and has not recovered since (this allegation give me confirmation bias Ryan Choen will bring it back, maybe as crypto but we will see)
**Management did not refinance the 2021 Senior Notes when they were in a better position to do so, despite our efforts to get them to do so (didn't Ryan Choen and the boys just do this..... hmmm)
***The Board repurchased stock after significant stockholder pressure (the shares that were bought back were not by choice, hmmmmmm)
*****GameStop's issues are not related to recent market volatility, but rather an inability to perform. For the first time since being public, GameStop was cash flow negative in fiscal 2019, recording a negative free cash flow of ($493) million (so Gamestop was always cash positive until the board started fucking around......... hmmmmm guess they always had deep fuckig value, i wonder who else noticed)
********The Board has chosen to spend more than $1.6 million fighting to keep two underperforming, long-tenured, lame-duck directors (hmmmmmm so the board was spending money and fighting to keep dead weight around for some reason, i wonder who was the lame duck, looking at you old CFO)
************GameStop?s Board has repeatedly failed shareholders contributing to a share price decline of 85%over the past five fiscal years (so basically Hestia is saying that the old board of directors were total shit, no wonder shorters thought they were going to go bankrupt and shorted more then the float, seems like a sure bet, until apes found out oops)
All these allegations were broght up by Hestia, click the link and go read it yourself now lets talk about, The Big 3. Not Lebron, Wade and Bosh thats way old I mean Blackrock, Vanguard and Fidelity. Why didnt they recall shares and voted when Hestia clearly pointed out how much of a shit job these guys were doing, well it seems like they were more concerned about borrow fees (yep, they were much higher at this time) check it
<https://www.wsj.com/articles/how-investing-giants-gave-away-voting-power-ahead-of-a-shareholder-fight-11591793863> (might have a pay wall but basically the big three, shit even other firms gave up rights because the stock was trading under $5 so they figured the keep them on loan since that was more profitable)
<https://iborrowdesk.com/report/GME> (im sure yall know about that link but look at the borrow fee around May-June 2020 and compare it to the fee now)
The fee today is fucking peanuts compared to the current stock price, so now we basically have a reverse of the situation from last year and another share holder meeting. So ok, well maybe Blackrock still may not vote....... well seems like Blackrock fucks with Ryan Choen since you know he made them bank with chewy "Ultimately we raised six rounds of financing totaling more than $350 million from T. Rowe Price, BlackRock, Greenspring, Lone Pine, Verlinvest, and the investment bank Allen & Company." taken from an excerpt Ryan himself wrote on this article
<https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale>
Ok, well Blackrock may want to vote, since they cool with Ryan and vote him in, what about Vanguard you ask? Well check this
<https://www.investopedia.com/articles/investing/110515/who-are-owners-vanguard-group.asp>
So who owns Vanguard? "The company is owned by its funds. The company's different funds are then owned by the shareholders. Thus, the shareholders are the true owners of Vanguard. The company has no outside investors other than its shareholders." Ok so lets see who owns more shares the Vanguard since shareholders are the owners
<https://en.wikipedia.org/wiki/The_Vanguard_Group>
"the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock's iShares." Ok so we can say that Blackrock has some tentacles in Vanguard and can count as owner since they own shares that Vanguard has as well...... ok what about Fidelity will they recall shares?
Remember Jan 27th and 28th? Yea you do, so does Fidelity, the had a 17% rise in their retail traders numbers because of it, i moved to Fidelity and im sure you see daily how many other are moving there to and plan on voting so yes we can say Fidelity has share holders who will most def wanna vote.
<https://www.wsj.com/articles/fidelitys-assets-under-management-rise-to-3-8-trillion-11614700831>
So yes i believe the big three will NUKE short hedge funds with a share recall its literally in their best interest to do so the fees are shit now and the price going higher due to a share recall will be way more beneficial to them unless they dont like money
Edit: Fidelity had its own Reddit page and they have confirmed April 15th (tomorrow as recall date) the deadline to have purchased shares for the first time was April 13th (due to T+2 time) so you can be an eligible share holder to
<https://www.reddit.com/r/fidelityinvestments/comments/mqz9ne/hot_topic_gamestop_corp_gme_proxy_voting/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
Edit: [u/Dahnhilla](https://www.reddit.com/u/Dahnhilla/) makes a comment saying Vanguard can't vote because they have no SOLE voting power but they do have shared voting power so it's not completely true they can't vote and Fidelity has seemingly sold their shares. Fidelity didn't sell, they transferred shares from one part (FRM LLC) to another part of Fidelity, I can't remember the post that explained it but if anyone remembers can they link in the comments please. This post isn't to prove that these 3 names are indeed going to vote even if it's in their best interest to do so. I just wanted to bring light the incentive they have to work together and indeed vote because they will make each other a fuck ton of money. Also these 3 ARE NOT apart of the DTCC so they really don't give af what happens during member defaults and new rules. Here is her/his (my bad bra I can't tell which one 😅) post
<https://www.reddit.com/r/Superstonk/comments/mq1g5e/vanguard_dont_have_voting_rights_for_most_of/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>

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Who is lending out GME shares?
==============================
| Author | Source |
| :-------------: |:-------------:|
| [u/SamKass1](https://www.reddit.com/user/SamKass1/) | [Reddit](https://www.reddit.com/r/GME/comments/ms70ra/who_is_lending_out_gme_shares/) |
---
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
Apes,
The reason, or part of the reason, it's difficult to identify who is short is because the borrower is not permitted to report borrowed securities on Form 13F. They are not allowed to report these borrowed securities because they don't have "investment discretion".
Rule 13f-1 defines investment discretion:
"Rule 13f-1 incorporates the definition of "investment discretion set forth in Section 3(a)(35) of the 1934 Act, which deems a person to exercise investment discretion with respect to an account if such person is authorized to determine or makes decisions on what securities or other property shall be purchased or sold for the account, even though some other person may have responsibility for such investment decisions. The Reporting Manager still has investment discretion over the loaned securities because he has the authority to sell the loaned securities, even though such transactions typically may not be consummated until the conclusion of the loan."
In addition, the share lender gives up right to dividends and voting rights.
Instructions for filing 13-F report does not address issues of loaned securities. This issue was brought to the SEC's attention back in 1990 by the NY State Teachers' Retirement System ([Link](https://www.sec.gov/divisions/investment/noaction/nystrs111690.pdf)).
The SEC response was that the institutions with loaned out securities are still required to report these holdings in their 13-F filings even though they loaned them out, don't have rights to dividends or voting. The SEC response to the NY State Teachers' Retirement System lists the reason why.
So, how can one identify if the institution has lent out a security? If you look at the 13-F filing, sections 5 - 8 divides the beneficially owned shares into 4 categories:
5\. SOLE VOTING POWER
6\. SHARED VOTING POWER
7\. SOLE DISPOSITIVE POWER
8\. SHARED DISPOSITIVE POWER
If an institution has lent out their shares, they would still have dispositive power (ability to sell) but no voting power. The difference is what has been lent out.
I've taken the top 10 institutional holders of GME and this is what I found based on their most recent filings:
| Date | Form | Institution | Current Shares | Voting Power | Lent Out |
| --- | --- | --- | --- | --- | --- |
| 2021-02-10 | [13G/A](https://www.sec.gov/Archives/edgar/data/102909/000110465921018148/tv0931-gamestopcorpclassa.htm) | Vanguard Group | 5,162,095 | 58,437 | 5,103,658 |
| 2021-02-10 | [13G](https://www.sec.gov/Archives/edgar/data/1326380/000110465921023554/tm216465d8_sc13g.htm) | SIG | 4,409,467 | 4,409,467 | 0 |
| 2021-02-08 | [13G/A](https://www.sec.gov/Archives/edgar/data/1326380/000031506621001050/filing.txt) | Fidelity * | 9,276,087 | 296,223 | 8,979,864 |
| 2021-01-28 | [13G/A](https://www.sec.gov/Archives/edgar/data/1326380/000083423721001340/us36467w1099_012621.txt) | Blackrock | 9,217,335 | 9,006,582 | 210,753 |
| 2021-01-26 | [13G/A](https://www.sec.gov/Archives/edgar/data/1326380/000119380521000031/e620202_sc13da-gamestop.htm) | RC Ventures | 9,001,000 | 9,001,000 | 0 |
| 2021-01-11 | [13D/A](https://www.sec.gov/Archives/edgar/data/1326380/000090266421001289/p21-0581sc13ga.htm) | Senvest | 5,050,915 | 5,050,915 | 0 |
| 2020-12-31 | [13G/A](https://www.sec.gov/Archives/edgar/data/1326380/000035420421000127/SEC13G_Filing.htm) | Dimensional Fund | 3,934,919 | 3,816,151 | 118,768 |
| 2021-02-16 | [13G](https://www.sec.gov/Archives/edgar/data/1326380/000119312521044436/d120770dsc13g.htm) | Maverick Capital | 4,658,607 | 4,658,607 | 0 |
| 2021-02-12 | [13D/A](https://www.sec.gov/Archives/edgar/data/1326380/000009375121000355/GameStopCorp.txt) | State Street | 2,445,216 | 2,194,149 | 251,067 |
| 2021-02-12 | [13G/A](https://www.sec.gov/Archives/edgar/data/1326380/000092189520001762/sc13da512166002_06122020.htm) | Hestia Capital | 3,290,956 | 3,290,956 | 0 |
| | | Total | 47,170,510 | Total | 14,664,110** |
*Fidelity - its not clear if they sold all their shares or just transferred them to a different account. On 2021/02/08 13G filings claimed ownership of 9M shares but on the 2021/02/10 13G, they sold everything. So, I included it just to highlight they were the largest GME share lender.
** its backward looking and may not reflect current position.
Point of this post:
1. Assuming my inference is correct, taking the difference between voting power and dispositive power identifies if the institution has lent out shares of a holding in their portfolio. If I am incorrect, can someone explain what it means when voting power does not equal the share position?
2. Highlight who has been lending GME shares. Based on this analysis, Fidelity and Vanguard are the top GME share lenders.
3. Identify the key institutions that might have an impact on the market price if they decide to recall their shares.
That's all, good luck everyone!
Disclaimer: Not financial advice. I am a GME shareholder.

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INTERACTIVE BROKERS - THE FIRM IBORROWDESK REPORTS ON
=====================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/ljgillzl](https://www.reddit.com/user/ljgillzl/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mssvni/interactive_brokers_the_firm_iborrowdesk_reports/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Hey apes,
There is a post making the rounds by [u/Region-Formal](https://www.reddit.com/u/Region-Formal/) titled
THE MOTLEY FOOL'S money trail to Citadel
It is a great piece and I think everyone should check it out, I'll put the link at the bottom.
So, basically the title of my post sums it up. For anyone who has been asleep for the past 3 months, iBorrowDesk.com has been referenced many times due to them showing the amount of shares available for borrow and the corresponding %fee for doing so. This info on their site is STRICTLY from Interactive Brokers (IBKR), there are plenty of other sources to borrow shares from to short with, but being that IBKR is one of the largest, we can at least get a vague idea. Or ... can we? Here is the TLDR from the linked post at the bottom:
TL;DR Interactive Brokers receives significant sums of money from both The Motley Fool (through their Motley Fool Wealth Management subsidiary) and from Citadel Securities (through their IBKR Lite payment for order flow product for retail users).
-------------------------------------------------------------
So, obviously this creates a situation where the data provided by IBKR concerning GME shouldn't be taken as gospel. We have long scoffed at the borrow fee and it's lack of correlation with the available shares, and while that data could be true (especially if we believe the theory that DTCC & SEC are trying to keep the price down until they have everything in place for the 🚀), this still creates a situation that we, as apes, should be all too familiar with ... Is there any data out there on GME that we CAN trust?
If there is anything to supplement to this post and/or if there is a conflict in my logic that iborrowdesk's data can't be trusted, please say so. This ape is smooth-brained.
MY POSTS TL;DR:\
Interactive Brokers is the firm iBorrowDesk reports on. They get sums of money from Citadel, which calls into question the validity of the GME information they show concerning shares available and borrow fee.
Link to post mentioned by [u/Region-Formal](https://www.reddit.com/u/Region-Formal/)
<https://www.reddit.com/r/Superstonk/comments/msmh9e/the_motley_fools_money_trail_to_citadel/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>
This is not financial advice.

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Hank helping you understand why MM/HFs would take these crazy risks
===================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/HomeDepotHank69](https://www.reddit.com/user/HomeDepotHank69/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n42suk/hank_helping_you_understand_why_mmhfs_would_take/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
********* I am not a financial advisor, this is not financial advice **********
Salutations, apes.
[![r/Superstonk - Hank helping you understand why MM/HFs would take these crazy risks](https://preview.redd.it/b38sk0hf2yw61.jpg?width=1200&format=pjpg&auto=webp&s=1ea3c93becde0c24de8af8437b60b9974b47c6a7)](https://preview.redd.it/b38sk0hf2yw61.jpg?width=1200&format=pjpg&auto=webp&s=1ea3c93becde0c24de8af8437b60b9974b47c6a7)
Last night, as I was listening to Carly Rae Jepson's smash hit "Azz & Tittiez" in my race care bed, a thought came to me: hedies r fuk. Then I woke up to my wife yelling at me to pay her boyfriend's rent. I immediately apologized to both of them and bought him flowers and chocolates so he knows that I care about him. This DD isn't going to relate to GME's chart or FTD cycles directly, instead, it's going to be an explanation of why institutions are willing to take these risky bets on GME and other securities and how it affects us.
Since I've been active on GME-related subreddits I have commonly heard the phrase "(insert institution) hasn't learned from (1987, Dot Com bubble, 2008, January squeeze, etc.)." I am here today to give my reasoning on why that is not the case. The people that run these institutions went to some of the top universities in the world, have a ridiculous amount of experience, and have almost unlimited resources at their hands. Though we hate them, they are undoubtedly very smart people. So, the idea that they haven't learned from past mistakes is not correct in my opinion. Instead, they understand that taking an astronomical risk in the American financial system can lead to big rewards. Even if this astronomical risk goes completely tits up and leads to bankruptcy, the system is set up in a way that the big players in the institution do not lose much money, are not prosecuted, and have ample opportunity to set up other firms/institutions after a previous one fails. The only people who lose in these situations are the investors. Here, I will be documenting case studies of large institutions failing and showing how the people at the top of those institutions came out completely fine and were able to continue making money despite failing. Therefore, the idea that they haven't learned from their mistakes is incorrect. Instead, the consequences associated with failing on Wallstreet are so insignificant that it makes complete and total sense for any large institution to take an astronomical level of risk because they know that the money machine allows them to just move on somewhere else and keep pumping money. Below are the case studies.
1\. Bill Hwang - Tiger Asia Management
By now, we all know who Bill Hwang is. What many don't know, however, is where he started. Hwang started at Tiger Management, a huge and successful firm. Hwang was one of the most successful "Tiger Cubs" to come out of that institution and went on to start Tiger Asia Management. Hwang took heavy losses due to the 2008 crisis and was convicted of Insider trading in 2012, which forced the fund to close. He was banned from having outside money for investment. He then started Archegos, a family office. Despite being a convicted felon and insider trader, Hwang was able to get an insane amount of leverage from multiple prime brokers. We all know that eventually these bets turned bad and he got margin called. The man is still a multi-billionaire and there is no indication that he will be charged again.
2\. Steve Cohen - SAC
Many of you might also know of Steve Cohen, who currently runs Point 72, which gave Melvin a $2 Billion infusion to save it from the GME January squeeze. Many people speculate that he was the inspiration behind Bobby Axelrod in the show "Billions," which is an absolutely amazing show that you should watch, because of his dealings in SAC Capital. Cohen ran SAC capital since 1992 and grew it into a multi billion dollar institution. He was known for extremely aggressive, borderline illegal trading activity that netted him insane returns. In 2013, the firm pleaded guilty to insider trading. From this, Point 72 was founded. Cohen's net worth has increased significantly in the past decade.
3\. John Meriwether - LTCM
Long Term Capital Management, LTCM, was one of the most successful institutions in the 1990's. Founded by multiple award-winning economists, the fund had an ingenious strategy to trade on bond arbitrage. The firm was able to take out over 100x (I'm not even kidding) leverage because their strategy was so risk free. The only thing that could destroy this strategy would be an international bond crisis, which was extremely unlikely. Enter the Russian Bond crisis in the 1990's. This made the firm go tits up. Because of the insane amount of leverage they had, the FED had to bail out this firm because it could've started a global financial implosion (think Archegos but about 1000x bigger). The firm went defunct in 1997. Their CEO was John Meriwether. Where is he now? He has since started two HFs: JWM partners and JM Advisors. He still makes millions every year.
4\. Dick Fold (lol) - Lehman Brothers
We all know the story of Lehman Brothers in 2008. They had some of the largest exposure to CDOs and SPM in the financial crisis, which caused them to go tits up. Their CEO: Dick Fold (c'mon bro just go by Rich or something, why do you have to go by Dick with a last name like that). His lack of oversight and complacency with these bad bets is a large reason why the institution had to undergo the quickest and largest bankruptcy in US history. Where is he now? He currently manages a multi-million dollar institution called Maxrix Private Capital where he is still making multi-millions per year, despite the fact that he should probably be in jail.
5\. Raj Rajaratnam and Gary Rosenbach - Galleon Group
Galleon Group was at one point one of the biggest HFs in the world, managing over $7 Billion in assets in 2008 at its peak. In 2009, multiple members were arrested for insider trading. The fund would close because of this scandal. Where is our boi Raj now? Raj is in jail, serving the longest sentence ever for insider trading (a measly 11 years). Raj is the rare case of someone who committed crimes so obvious that he had to be arrested. Where is Gary? He is currently the CEO of Eider Fund LP, making millions per year.
6\. Amaranth
Aramanth was one of the biggest HFs at its peak with AOM of over $9 billion. In 2006, it took a loss of over $6 billion on natural gas futures. Currently, the traders responsible for this are all employed at various HFs making millions and none of them have been sent to prison.
7\. Every bank associated with Archegos
It has been widely reported that the banks associated with the Archegos situation disregarded and even overrode their risk management departments. Why? Fees. They were willing to take an extreme amount of risk on a convicted felon because total return swaps, the instrument Hwang used to get his leverage, come with some nasty fees for the banks giving the leverage.
There are SOOOOOOOOO many more examples of situations like these. I could probably take a dive into the Dot Com bubble, more firms from 2008, and firms that went defunct during the covid crash to find more examples, but I bet that you get the point by now. When a fund fails, unless the traders' actions were so blatantly illegal (lmao Raj), they are not penalized and are still able to make millions in the financial world. The next question is why?
Why?
Why can the leaders of these funds take billions of dollars in losses, come out clean on the other side, and go on to start firms that give them millions of dollars a year? There are many reasons. The most glaring reason is the lack of enforcement at the SEC and justice department. It blows my mind that only 1 person was put in jail for the 2008 financial crisis (don't know his name but remember hearing this at the end of the big short). There was clearly criminal activity going on but still no accountability. Even worse, people who commit insider trading rarely go to jail and are still allowed to trade in financial markets with only a few restrictions as a result of their conviction. So what this tells us is that the legal penalties for extreme/illegal risk-taking are minuscule or nonexistent.
But what about Wallstreet itself? Surely there should be reputational damage to people who lose money like this? To an extent, yes. None of these people are given positions at giant institutions immediately following their controversy. However, almost all of them have no issues in getting funding to start their next ventures. Why? Connections.
So why can they still make money afterward? The way that fee structures are set up on Wallstreet makes it very easy to make money as long as you can secure funding, which is easy because you have so many connections. The famous 2 and 20 structure of HFs (2% immediate fee on assets and 20% of returns go to the fund/trader) makes it insanely easy to make money this way. Fees are how these institutions make money. This explains why big banks were willing to take such big risks on Archegos and in 2007 (SPM had some of the biggest fees for banks as underwriters). Ever heard the statistic that HFs have only returned like 2-3% on average for the past decade? They're still in it because the business model is tied around the idea that the more outside money that flows into the firm, the more they get on that initial fee, so their net worth is not tied to how the fund does, it's tied to their fees.
Moreover, the house always wins. You probably keep hearing the phrase "70% of options expire worthless," which means that the house (MMs) win 70% of their bets WITHOUT even considering how hedging these bets probably makes that 70% more like 90%. So when you have a lot of money, it's relatively easy to make more money on it if you engage in market-making activity.
Conclusion
Therefore, what we must understand is that this isn't stupidity, it's a lack of consequences. The reason that these firms made such huge bets against GME was because they thought "we might hit the bankruptcy jackpot and not have to cover our shorts. If we're wrong maybe we lose a little but make it back on something else. If on the off chance we are wrong big and the firm goes tits up, we'll just start another one."
The only people who suffer when a fund goes tits up are the investors in that fund. The ones at the top of it are fine and just move on to the next thing. Remember, the only people who suffered from Archegos were investors in Viacom and Discovery and Credit Suisse because they're stupid.
Thus, we are not dealing with stupid people, we are dealing with people who have nothing to lose, which is why they have dug themselves into these asinine situations. Even if these firms lose money, all of their money isn't tied into it, so the only real losers are the investors. The leaders of the firm can just start their next venture.
NOW LET ME MAKE THIS CLEAR: I am not saying that we shouldn't call these HFs stupid and I am not defending them by any stretch of the imagination, I hate them too. What I'm saying is that we shouldn't be thinking that they're doing this because they're stupid, they're doing this because of greed and a lack of consequences. I believe that this benefits us because they will keep digging themselves into a hole, which will make the squeeze bigger, because they know that even if they go tits up, they will be fine long-term.
[![r/Superstonk - Hank helping you understand why MM/HFs would take these crazy risks](https://preview.redd.it/vo4jqdax0yw61.png?width=250&format=png&auto=webp&s=accd87b266ce7e3d2d48f8a9392abea6b36e6f84)](https://preview.redd.it/vo4jqdax0yw61.png?width=250&format=png&auto=webp&s=accd87b266ce7e3d2d48f8a9392abea6b36e6f84)
The HFs think they have nothing to lose? Here's a picture of Apes who have been bag holding since January:
[![r/Superstonk - Hank helping you understand why MM/HFs would take these crazy risks](https://preview.redd.it/2o5vd1021yw61.png?width=225&format=png&auto=webp&s=6db13df63000111c1b6b85dd85e39393f3fc4d94)](https://preview.redd.it/2o5vd1021yw61.png?width=225&format=png&auto=webp&s=6db13df63000111c1b6b85dd85e39393f3fc4d94)
Yeah, I'll be on apes any day of the week.
TL;DR
The way that the financial world is set up, money managers have nothing to lose if their firm goes tits up. The only ones who lose are investors. They are not stupid, they just know that if their firm goes tits up they can go on to the next venture and make money. This explains why they have gotten into all of this risky behavior. The lack of consequences benefits apes because it demonstrates that HFs are willing to get themselves in a conundrum, which will make the squeeze bigger, because they have no consequences.
********* I am not a financial advisor, this is not financial advice **********

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# Hedge fund that bet against GameStop shuts down
| Author | Source |
| :-------------: |:-------------:|
| [Laurence Flethcer](https://www.ft.com/laurence-fletcher) | [Financial Times](https://www.ft.com/content/397bdbe9-f257-4ca6-b600-1756804517b6) |
---
A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors.
White Square Capital, run by former Paulson & Co trader Florian Kronawitter, told investors that it would shut its main fund and return capital this month after a review of its business model, according to people familiar with the fund and a letter to investors.
White Square, which at its peak managed about $440m in assets, had bet against GameStop, say people familiar with its positioning, and suffered double-digit per cent losses in January.
The move marks one of the first closures of a hedge fund hit by the huge surges in so-called meme stocks. Retail investors, often co-ordinating their actions on online forums such as Reddit's r/WallStreetBets and in some cases deliberately targeting hedge fund short sellers, drove up the price of stocks such as GameStop and cinema chain AMC Entertainment in January and again in recent weeks. GameStop, for instance, soared from less than $20 at the start of the year to more than $480 at its January peak.
That led to big losses for some funds, including US-based Melvin Capital, run by Steve Cohen protégé Gabe Plotkin, and Light Street Capital, run by Glen Kacher, a former Tiger cub who worked at Julian Robertson's Tiger Management. However, the funds remain in operation, and shortly after its losses Melvin received a $2.75bn investment from Cohen's Point72 Asset Management and Ken Griffin's Citadel.
"The decision to close down is related to thinking the equity long-short model is challenged," said Kronawitter. "There are way too many fish in the pond with the same strategy of long-short," he added. "The traditional edge is being arbed away [eroded by other investors], there's an oversupply of capital."
A person close to the fund said the decision to shut was unrelated to the meme stock rally. The fund quickly rebounded in the wake of January's turmoil and made back "a fair share" of the losses, the person added.
Among other funds hit, Melvin was still down about 44.7 per cent this year to the end of last month, while Light Street was down about 20.1 per cent.
Kronawitter, who previously worked at US billionaire John Paulson's hedge fund and Merrill Lynch, had made double-digit gains at White Square in 2015 and 2016, said a person who had seen the numbers, while last year it made about 19 per cent.
In the investor letter announcing the fund's closure, White Square said that last year, despite that year's strong performance, two large investors had opted to withdraw their cash and put it in cheap passive funds or private equity. "We experienced first-hand the shift in trend away from hedge fund investing to cheaper alternatives," it added.
According to the letter, White Square had been due to receive investor inflows again in May this year, but instead decided to shut the fund.
"The arbitrage opportunities have diminished with both the onslaught of capital caused by central bank monetary interventions, as well as much improved dissemination of information, bringing up the question to what degree the same fees can be justified," it said.

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Why I Believe BlackRock HAS THEIR FINGER ON THE BUTTON OF OUR MOASS...
======================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/mhcase22](https://www.reddit.com/user/mhcase22/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mksku6/why_i_believe_blackrock_has_their_finger_on_the/) |
---
[Serious DD 👨‍🔬🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Serious%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%F0%9F%94%AC%22&restrict_sr=1)
From previous DD, we've discovered
1.) BlackRock has the most shares in both AMC/GME, ([Marketbeat](https://www.marketbeat.com/stocks/NYSE/GME/institutional-ownership/))
2.) [They have a strong relationship tie to Adam Aron](https://www.reddit.com/r/Wallstreetbetsnew/comments/mjm39k/whos_in_bed_with_who_part_1_amc_ceo_adam_aron/), CEO of AMC
3.) They hold their "[highest level of cash in years](https://www.bloomberg.com/news/videos/2021-03-29/blackrock-s-rieder-running-highest-level-of-cash-in-years-video)..." [Please watch that video if you want to understand my BlackRock CIO references]
**4) [Ryan Cohen & Chewy received $350MIL in six rounds of funding](https://hbr.org/2020/01/the-founder-of-chewy-com-on-finding-the-financing-to-achieve-scale), one of which was BlackRock.
Now I want to dispel a myth, Elon Musk has spoken out AGAINST BlackRock (/Vanguard). I DO NOT believe they are friendly whales on GME. Instead, I believe their CIO has a knack for playing both sides of the fence.
[PLEASE READ THIS ARTICLE](https://www.cnbc.com/2018/10/05/elon-musk-says-on-twitter-blackrock-helps-short-sellers.html)...
At first, after reading it, I was disillusioned, but then I thought more on it...
If what the TechnoKing of Tesla alleges is true, odds are BlackRock has repeated this pattern with GME (possibly AMC) and loaned our their $9+MILLION shares to short-sellers. Likely those short-sellers were hedge funds. And more than likely, when they sold those borrowed shares and WE BOUGHT THEM.
Now let's back-up to the previous video of BlackRock's CIO mentioning the fallout of Billy Hwang's topple, how overleveraged (and illiquid) the market may be AND dropping that BlackRock is running their "HIGHEST CASH POSITION IN YEARS... PERHAPS EVER."
Well, if I knew there was a likely crashing of stocks, I'd also keep my cash reserves high for the looming fire-sale. BlackRock CIO also admits expecting more volatility in the market, but what he doesn't say is BlackRock may be in a position to create that volatility by calling back their shares from short-sellers.
Remember GME has a *negative beta of 13 to 33* [depending on which metric for beta you use].
When they recall those shares, given my assumption that they'll continue their *both-sides-of-the-fence* trading strategy, the borrowers HAVE TO REPURCHASE THEM IN THE MARKET...
And that, dear apes = MOASS
Now, 'tists, please help me with this; if you are a hedge fund that loans out your shares, is there a timetable for when your shares are due back to you?
Can you loan them out and collect interest everyday until they're repaid, i-e you're getting paid no matter?
Can you sell shares you've loaned out as the squeeze is happening even though those shares HAVE YET TO BE RETURNED? I-e do you miss the potential high $$ sale-point per share during the squeeze?
Therefore, I'll inject my fancy-shmancy new term *Latent Buying Pressure*, which only increases (*latent boner pressure* works too) how BlackRock-to-shortsellers-to-retail-to-BlackRock share recall-to-shortseller repurchase mania = MOASS.
Simply put, if this is true, it's another explosive element to add to this powder-fucking-keg of a stock.
*PLEASE CORRECT ANY ISSUES IN THIS LOGIC. I've been stewing over this for a week or so now and I Just want to understand it correctly.*
ADDENDUM
Another post that thickens the plot of what I allege above (specifically the battle between two hedge funds, SIG & Citadel versus BlackRock &Vanguard, how Tesla is another battlefield betwixt the two can be found here:
<https://www.reddit.com/r/GME/comments/md89wg/king_kong_magnum_opus_dd_posted_on_behalf_of_wuz/>
ADDENDUM II
Read this excellent breakdown of our current market mechanics, the shorts, naked shorts, how the ETF (Eee Tee Eff) market has serious exposure potential, the Bank of Japan as a test case for what we won't be doing.
<https://www.reddit.com/r/Superstonk/comments/ml1er1/a_gme_saga_the_two_towers/?utm_source=share&utm_medium=ios_app&utm_name=iossmf>

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BlackRock is about to delete Shitadel out of existence.
=======================================================
| Author | Source |
| :----: | :----: |
| [u/alienashtray](https://www.reddit.com/user/alienashtray/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mp7zbn/blackrock_is_about_to_delete_shitadel_out_of/) |
---
[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Hello apes/retards. I'd like to propose a theory in regards to some of the data that's been floating around over the past few days.
So far, we've seen [data published by FINRA](https://i.redd.it/b8aqf56cvds61.jpg) which describes total equity ownership ~192%. Many people have insinuated that this % is not accurate due to duplicates of the same entity. However, you can verify that some these entities are not the same, and represent transactions from parent>child or entirely separate positions held by affiliates.
The one example I'd like to focus on is *BlackRock Fund Advisors*. Now, some people have conflated the position posted on FINRA as a duplicate of BlackRock Inc. But this is not the case. As you can see from [this report of GME ownership via BlackRock Inc](https://fintel.io/so/us/gme/blackrock), and a similar report of [BlackRock Fund Advisors GME ownership](https://fintel.io/so/us/gme/blackrock-fund-advisors), (courtesy of Fintel), both institutions, (albeit under the umbrella of BlackRock), manage or managed their own separate financial positions.
One of the interesting details in the Fintel data is that sometime around the end of 2016, BlackRock Fund advisors stopped reporting its position in GME, and around the same time BlackRock Inc began reporting a position, likely due to a transfer of ownership from one affiliate to another, (child to parent in this case). Great, but why is this important? Well, if you check FINRAs [recent data once more](https://i.redd.it/b8aqf56cvds61.jpg), you'll notice that BlackRock Fund Advisors is listed once again, separate from BlackRock Inc, and with a 14 MILLION SHARE POSITION CHANGE.
Wait a second though... How can it be that BlackRock purchased 14 million shares, [but Terminal isn't reporting a similar change in ownership?](https://preview.redd.it/1ez3uzt48ns61.jpg?width=1920&format=pjpg&auto=webp&s=de5743966cdc272a627a06e39a88a9d0367685d2) Well, that's a great question of which I've been trying to figure out, but it's tough to determine because BlackRock Fund Advisors is basically re-entering the ring. I presume that Bloomberg Terminal data only displays static institutional ownership change, (either + or - 5% changes), via 13F filings. But if BlackRock Fund Advisors had not been registered as a subsidiary shareholder up until recently, and then all of a sudden within the span of a month decided to purchase 14 million shares from the open market, Terminal may not be picking up that data, (at least for the time being).
So, BlackRock has been purchasing shares from the open market for the past month or so via a subsidiary that is not represented in Terminal. On top of that, most of those shares are probably synthetic. I'd like to also point out an important discrepancy here when it comes to share recalls. When you, (as a retail investor), purchase shares, you are purchasing shares from your broker. Your broker has either purchased shares in the past, or they are purchasing shares from the open market in order to meet the increased demand of their customers. In the big picture, when you recall, you're most likely not recalling shares which were lent out or of which are considered synthetic, (unless you're on a margin account, or other situations of which I don't want to delve into). Now, when an institution purchases shares, they are not purchasing from a broker like Fidelity, they are purchasing direct from the market, or at least via a broker purchasing direct from the market. This means that institutions that are long most likely hold an abnormal % of synthetic shares.
Okay, so what does this all mean? Well... If BlackRock has a subsidiary purchasing shares, and most of those shares are synthetic, what happens when BlackRock decides to recall their shares? What if BlackRock Fund Advisors not only purchased shares within this span of time, but also lent out those shares, and said shares were synthesized multiple times over? What if BlackRock Inc was doing the same, (not purchasing more shares as their position hasn't changed, but lending shares out)?
Additionally, what if there's a shareholder annual meeting in June of this year, and the deadline to recall those shares is within the next 8 days? What if BlackRock has a hard-on for Ryan Cohen, and wants to ultra fuck Citadel. If they were, this would be an awfully convenient time and place to HYPER FUCK SHITADEL SO HARD THEY WOULD BE DELETED FROM EXISTENCE.
TLDR: BlackRock has a subsidiary that purchased an ungodly # of synthetic shares, and they're positioned to fuck Shitadel so hard that they will be put into the history books.
P.S. Please Please Please critique my semi-DD and poke holes, because we as a community need to get every detail right, and we need to be as confident as possible in our research. As always, 💎✊, and be ready to join hands together when this rocket launches to Alpha Centauri!
Edit: Adding the *this is not financial advice* disclaimer because blah blah don't come after me

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BlackRock and share recall for voting: We aim to vote at 100% of meetings...
============================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/valthonis_surion](https://www.reddit.com/user/valthonis_surion/)| [Reddit](https://www.reddit.com/r/Superstonk/comments/musig6/blackrock_and_share_recall_for_voting_we_aim_to/) |
---
[Possible DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Possible%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Straight from their website.
We aim to vote at 100% of meetings where our clients have given us authority to vote their shares, and therefore vote at approximately 16,000 shareholder meetings in approximately 85 markets each year. With regards to non-U.S. holdings, generally we estimate that we vote successfully at approximately 90% of meetings. Of the remaining, 8% are not voted due to shareblocking and 2% are not voted due to either the fund's leverage, impediments such as ballots received post cut-off date or post meeting date, or other restrictions like in-person attendance or power of attorney being required in order to vote.
<https://www.blackrock.com/corporate/literature/fact-sheet/blk-responsible-investment-faq-global.pdf>

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Blackrock 13F for quarter ended 3/31/2021
=========================================
| Author | Source |
| :-------------: |:-------------:|
| [u/CruxHub](https://www.reddit.com/user/CruxHub/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/n7asqp/blackrock_13f_for_quarter_ended_3312021/) |
---
[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
Just filed today after hours
<https://www.sec.gov/Archives/edgar/data/0001364742/000108636421000038/0001086364-21-000038-index.html>
They were holding 9,217,335 as of their last filing in January.
Still holding 9,175,737 shares.
This is the way.

26
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Evidence Citadel Advisors Could Be Liquidating (Today's EOD Sell-Off)
=====================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/joe89e](https://www.reddit.com/user/joe89e/) | [Reddit](https://www.reddit.com/user/joe89e/comments/mhk7uj/evidence_citadel_advisors_could_be_liquidating/) |
---
Apes, I've been digging into some research around the crazy dumps around end-of-market today and am broadcasting my findings. Before diving into the details, my THEORY based on the findings is that the dumps could signal a liquidation by Citadel - reason being, a survey of the public companies representing the top 30 holdings of Citadel Advisors showed that each experienced a large sell-off (and in most cases a bonafide DUMP) during the last 10 minutes of regular trading today. Moving on.
First, need to set the parameters of what you're about to see. What I did was pulled data on the largest public company holdings of Citadel Advisors - specifically, the companies making up the Top 30 holdings in Citadel's portfolio (based on year-end 2020 13F and 13D filings). I then sorted them based on aggregate market value from highest to lowest. Then, I ticked through each of those company's trading history today (using a combination of Yahoo Finance and ToS) and added together the volume of the red candles between 2:50 p.m. ET and 3:06 p.m. ET - in the chart I've linked below, this is what is included in the "3/31 EOD Volume" entry for each company. Then, the column immediately to the right of that is where I multiplied the aggregate "red candle" volume by the price of the company in question that was a rough midpoint in the range between the first red candle and the last.
Interestingly, every single one of those 30 companies had a noticeable dump trend that started during the last 10 minutes of normal-hours trading (vast majority started at exactly 2:52). The aggregate red volume was significant in all cases, extreme in many. The numbers don't really help show the full picture there, so pull these up yourself on your portal of choice and take a look.
With that background out of the way, here is the mentioned table:
<https://i.imgur.com/d298Ab2.jpg>
I don't want to start a frenzy by any means, so I would urge you to draw your own conclusions from this info. Personally, my gut tells me this is not coincidence, and there is a significant chance that it could be Citadel (and potentially other GME shorts) freeing up cash for something, whether on account of the SLR or you know what.
The sales I researched covered 30 companies and tallied roughly $9.7 billion in proceeds, which is obviously a rough approximation since not every dollar of the red volume was necessarily Citadel (or any other single entity) and all volume (whether red or green) involves a sale. Citadel's holdings span well beyond 30 companies, so this could in theory just be the tip of the iceberg.
Edit: Here's a link to download an excel file with the full listing of Citadel Advisor LLC's holdings (common equity and depository receipts) in U.S. public companies. It will be up/accessible for the next week.
<https://filebin.net/m9ef5dhs5snx7hpu/Citadel_Advisors_LLC_-_U.S._Holdings.xls?t=6g4zp1ro>

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The Motley Fool's money trail to Citadel
========================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Region-Formal](https://www.reddit.com/user/Region-Formal/) | [Reddit](https://www.reddit.com/r/GME/comments/msmf4p/the_motley_fools_money_trail_to_citadel/) |
---
[🔬 DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22%F0%9F%94%AC%20DD%20%F0%9F%93%8A%22&restrict_sr=1)
*NOT. FINANCIAL. ADVICE.*
So I have seen quite a few posts recently about The Motley Fool's business model, and decided to look a little more under the hood. From what I can see, they may have quite a direct connection with Citadel, and potentially enjoy a symbiotic relationship with them (through an important middleman). Here is what I found...
Citadel's' relationship with Interactive Brokers
Interactive Brokers launched their "free" service - IBKR Lite - in late September 2019. Of course not free, because it is using the payment for order flow model, targeting retail customers, in exchange for Citadel getting huge amounts of valuable trading data.
Who do Interactive Brokers receive the majority of their payment from for these payment for order flow transactions? None other than Citadel Securities, with a payment received of $0.005 per share traded...which I am sure adds up to a hefty sum earned overall since that time.
More details here: <https://www.elevatecapitaladvisors.com/news/20191007>
So just how much does Interactive Brokers rely on Citadel for this IBKR Lite service to work? Well, they are required to disclose some of this information - as they themselves have stated on their website: *"U.S. Securities and Exchange Commission rules require all brokerage firms to make publicly available quarterly reports describing their order routing practices."*
The most recent of these 606 filings to the SEC is from 2020 Q4, and available to download here: <https://www.interactivebrokers.com/ibkr606Reports/IBKR_606a_2020_Q4.pdf>
I am not going to do all the sums, but you will see one thing very clearly and easily: almost all positive payments they receive are from Citadel Securities and Virtu Financial. So this IBKR Lite product would not be viable without payment for order flow from Citadel and Virtu, as they pretty much supply all the revenue to Interactive Brokers.
Interactive Brokers' relationship with Motley Fool
Motley Fool has several subsidiaries within their overall business. Another user posted about Motley Fool Asset Management earlier, but let me introduce another one of their entities, Motley Fool Wealth Management:
<https://foolwealth.com/>
Their pitch to investors is: *"All of the Foolish investment philosophies you love --- none of the day-to-day investing hassles you don't. Learn how we can help you protect and potentially grow your wealth."*
They are by no means a small buy side firm - they have assets under management of over $2.2Bn. And anyone who would have kept an eye on The Motley Fool website would see that the holdings in their funds are pretty much most of the stocks that get picked (in their pay service) or pitched (in their free newsletter):
<https://whalewisdom.com/filer/motley-fool-wealth-management-llc#tabholdings_tab_link>
Note that the way they manage customers' funds are through something called Seperately Managed Accounts (SMA). These are a type of financial product that has been around for decades, but not typical of most reputable buy side firms. Here is the explanation of what these are from the Motley Fool Wealth Management website: *"Separately Managed Account is simply a private portfolio of individual securities that is actively managed by a professional investment firm."*
Now the thing which especially caught my attention is what happens if you hand over your money, for Motley Fool Wealth Management to take care of on your behalf using an SMA. They have made it very clear that the only way to become a customer is by also concurrently opening an Interactive Brokers account:
<https://foolwealth.com/info/about/terms-of-use>
*"Brokerage and custody services for our SMA Program is handled exclusively by Interactive Brokers, LLC ("IB"). Accordingly, as a condition of participating in the SMA Program, you must be an IB account holder or open and fund an account with IB."*
Additionally, they have made it very clear that all the custodial and brokerage fees for trading fees are to paid by the customer to Interactive Brokers (on top of the usual fund management fees, that is):
<https://mfwm.zendesk.com/hc/en-us/articles/360022466332-What-Fees-Are-Associated->
*"In addition to the management fee you will pay to Motley Fool Wealth Management, you will be responsible for the trading and account level fees that are charged by Interactive Brokers (IB). Typically, those account fees include: Commissions of $0.0035 per share of stock traded."*
Another Ape with a wrinklier brain than mine could probably go through the 13F filings data available on WhaleWisdom, to figure out how much trading of assets Motley Fool Wealth Management are doing each quarter. And from there to work out just how many millions of dollars of trading fees that Interactive Brokers receives as a result of this trading activity (by default).
However, just looking at the top 5 holdings changes in 2020 Q4, it seemed to be in at least the magnitude of hundreds of millions of dollars that Motley Fool Wealth Management were trading in or out of the fund. All of which is only possible through Interactive Brokers, and all of which is to be paid by their customers to Interactive Brokers...
So, what's the connection then?
Well, Interactive Brokers appears to me to be in the middle of a three-way with Citadel and The Motley Fool. On the one hand, their payment for order flow service for retail is pretty much only possible because of Citadel. And the Motley Fool Wealth Management business model also has a very close financial relationship with Interactive Brokers as well.
At the very least, it is publicly available information that there are significant amounts of money flowing between two sides of the triangle. That is, between Citadel and Interactive Brokers, and between Interactive Brokers and Motley Fool Wealth Management. This much is clear.
So only one degree of separation between The Motley Fool and Citadel...with potentially Interactive Brokers in the middle. Given how much Interactive Brokers are benefitting financially from the relationship with both The Motley Fool and Citadel, it is not a stretch of the imagination that they facilitate some interaction between the two.
Given how much anti-GME sentiment is expressed, on almost a daily basis, on The Motley Fool site...could the unseen hand of Kenny G be playing a part? (This is purely speculation and conjecture on my part, and I have no evidence to back up this claim. But just an observation of some potential influence that could be possible, through the obviously close contacts between these three companies.)
TL;DR
Interactive Brokers receives significant sums of money from both The Motley Fool (through their Motley Fool Wealth Management subsidiary) and from Citadel Securities (through their IBKR Lite payment for order flow product for retail users).
Their is certainly a possibility that they facilitate some interaction between the two, with Citadel potentially directing some of the content in The Motley Fool's paid and free publishing.

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Citadel Bond INFO, BlackRock and Ryan Cohens Tweet
==================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Alert_Piano341](https://www.reddit.com/user/Alert_Piano341/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/mw96bf/citadel_bond_info_blackrock_and_ryan_cohens_tweet/) |
---
[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
Heavy Edits
BELOW IS JUST SOME INTERESTING INFO ON CITADEL BONDS
Please read the Captains Slog comment- well all of his/hers comments-
[The_Captain_ slog Comment](https://www.reddit.com/r/DDintoGME/comments/mw96bf/citadel_bond_info_blackrock_and_ryan_cohens_tweet/gvhk6ql?utm_source=share&utm_medium=web2x&context=3)
CItadel has three bonds and have used the first two in the past to fund dividends to the owners (not for operations)
<https://www.wsj.com/articles/citadels-griffin-reaps-windfall-from-companys-bond-sale-11569262332>
So when they issued a third bond in March(BBB- by the way, a step below the other two in a hot economy) I became interested in looking at the bonds.
I thought I found that Blackrock through Ishare bought a lot of the bonds, that is not true.
They own a good amount through the ETFs but not enough to be significant. (these ETF by nature are balanced and risk adverse it was a leap to think they could buy it up through the ETFS) they have 6 million in one, a couple hundred thousand in another. Probably over 10 million worth of the bonds in these ETFS. Another thing is buying through the ETF is not very smart as BlackRock wouldn't have total control of the Debt through the ETF and its also publicly reported (my idiot ass found it)
....but if someone wanted to buy up Citadels debt they would do it through these bonds, we cant find that information out as it is a private placement Bond. They would just buy them up through the Bond Market.
See [The_Captain_Slog Again](https://www.reddit.com/r/DDintoGME/comments/mw96bf/citadel_bond_info_blackrock_and_ryan_cohens_tweet/gvhrm4n?utm_source=share&utm_medium=web2x&context=3)
I learned a little abut Bonds thanks to the_Captain_Slog
I hope this Helps, I still think having these bonds out there is significant. Anyone can buy up this Debt. It should be interesting to watch these bonds vs similar bonds on how they preform.
----------------------------------------------------------------------------------------------------
TLDR- Citadel has 1.6 Billion of corporate Debt. ~~Ishares (blackrock) bought all 3 bonds on 4/20.~~ They have monthly reporting so they reported on that Date, so that is why it all says 4/20, Ryan Cohen tweeted a gif of a BEAR BOND on 4-20. (I still think the bonds are shit and maybe this was his meaning....) Tell me what this means!!!!!!
*************Found the Bonds still need help what it means!***************
Citadel has 3 current outstanding Bonds, 500m, 500m, and 600m, total of 1.6 Billion in corporate debt.
All of them are international bonds, so you wont find them on fidelity bond listing.
Someone bought all 3 of them on.......4/20 I just had to put that up here.
First the Data
Bond #1
500M, issued 2017, coupon 5.37%, Maturity Ja2023, Call December 2022, rating BBB
Bookrunner- JP Morgan, UBS Depository- Clearstream Banking SA Euoclear Bank
Cusip ID- 17288XAA2
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/827v3wlr6ru61.png?width=1155&format=png&auto=webp&s=21f2c97d362b42cb867eb668187af3701e8db3bb)](https://preview.redd.it/827v3wlr6ru61.png?width=1155&format=png&auto=webp&s=21f2c97d362b42cb867eb668187af3701e8db3bb)
Bond Info
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/7sqwoh4t6ru61.png?width=1188&format=png&auto=webp&s=b81617c1b67f4d07ea911ded75e237c90abcc93a)](https://preview.redd.it/7sqwoh4t6ru61.png?width=1188&format=png&auto=webp&s=b81617c1b67f4d07ea911ded75e237c90abcc93a)
3 month Price Chart
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/i3e8zz9x6ru61.png?width=554&format=png&auto=webp&s=f2b2466a3d3306c79138ad4816c92fe9daf0fb07)](https://preview.redd.it/i3e8zz9x6ru61.png?width=554&format=png&auto=webp&s=f2b2466a3d3306c79138ad4816c92fe9daf0fb07)
IShares buys4/20.....nice dude
Bond #2-
500m bond, Issued 2019, 4.875% coupon rate, Maturity Jan/2027, Call option Nov 2026, Rating BBB
BookRunner- Goldman Sachs, UBS Depository- Clearstream Banking S.A Euroclear Bank
Cuspit Id- 17288XAB0
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/cmuhr3ed7ru61.png?width=1170&format=png&auto=webp&s=c8f5b8623fe14d884f1c5de037bdb8e0c149b9a8)](https://preview.redd.it/cmuhr3ed7ru61.png?width=1170&format=png&auto=webp&s=c8f5b8623fe14d884f1c5de037bdb8e0c149b9a8)
Bond Info
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/jo99c9of7ru61.png?width=1192&format=png&auto=webp&s=bd734287843d7e147560baa019a5cddba56c8bb8)](https://preview.redd.it/jo99c9of7ru61.png?width=1192&format=png&auto=webp&s=bd734287843d7e147560baa019a5cddba56c8bb8)
3 month price chart
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/a43rvsci7ru61.png?width=566&format=png&auto=webp&s=0cc7a94b5cadd849766649c5f55dd0a3e4b1c307)](https://preview.redd.it/a43rvsci7ru61.png?width=566&format=png&auto=webp&s=0cc7a94b5cadd849766649c5f55dd0a3e4b1c307)
Ishares 4/20....you guys are funny
Bond #3
600M bond, Issued 3/03/2021, 3.375 Coupon, Maturity March 2026, Call Feb 2026 Rating -BBB
Bookrunner BoFA Securities, Goldman Sachs, UBS. Depository- Clearstream Banking S.A Euoclear Bank
Cusp ID- 17287HAA8
THERE MOST RECENT BOND HAD A LOWER RATING
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/mbr28cam7ru61.png?width=1152&format=png&auto=webp&s=750208598ddbd0a5c8cbc7b315cf2ea3b8cbd59d)](https://preview.redd.it/mbr28cam7ru61.png?width=1152&format=png&auto=webp&s=750208598ddbd0a5c8cbc7b315cf2ea3b8cbd59d)
Bond Info
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/58d8a5no7ru61.png?width=1178&format=png&auto=webp&s=fa47c145eeaf8813d535a265c259d662e446d9b2)](https://preview.redd.it/58d8a5no7ru61.png?width=1178&format=png&auto=webp&s=fa47c145eeaf8813d535a265c259d662e446d9b2)
3 month Price Chart
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/9fyg37ir7ru61.png?width=573&format=png&auto=webp&s=536a86fd1ab918b655e9d943a6c8ce1038f1f8bc)](https://preview.redd.it/9fyg37ir7ru61.png?width=573&format=png&auto=webp&s=536a86fd1ab918b655e9d943a6c8ce1038f1f8bc)
4/20....smooth guys smooth
~~Ok so Ishares bought a bunch of Citadels corporate bonds on 4/20....buy why~~
Ishares reported on the end of April
[![r/DDintoGME - Citadel Bond INFO, BlackRock and Ryan Cohens Tweet](https://preview.redd.it/99ddg9p58ru61.png?width=1326&format=png&auto=webp&s=fbfe7fd3fe955405b69ffe3880460c3da4e759eb)](https://preview.redd.it/99ddg9p58ru61.png?width=1326&format=png&auto=webp&s=fbfe7fd3fe955405b69ffe3880460c3da4e759eb)
Hierachy of Debt
Ok so the bond debt will be right below the secured bank debt but above everyone else including the individual investors.
~~Why would Blackrock want to buy a bunch of Bear bonds on 4/20?~~
<https://twitter.com/i/status/1384616641087086596>
Does this give a bigger seat at the table when Citadel is liquidated, protects there other investments from the fallout. (whoever buys these bonds would have a seat at the table)
Original post about bonds-
<https://www.reddit.com/r/DDintoGME/comments/mviw7c/help_with_citadels_corporate_bonds/>

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OMG!!! WTF? Did SHITADEL Register Something in the CAYMAN ISLAND 3MAY21
=======================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/DiviDiva1515](https://www.reddit.com/user/DiviDiva1515/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n4sbhz/omg_wtf_did_shitadel_register_something_in_the/) |
---
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
[![r/Superstonk - OMG!!! WTF? Did SHITADEL Register Something in the CAYMAN ISLAND 3MAY21](https://i.redd.it/w3zn43sfp4x61.jpg)](https://i.redd.it/w3zn43sfp4x61.jpg)

12
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📣📣📣 BREAKING NEWS📣📣📣 Head of Citadel's Surveyor Capital steps down
========================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Dannyboi93](https://www.reddit.com/user/Dannyboi93/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5rni7/breaking_news_head_of_citadels_surveyor_capital/) |
---
[pionline.com/money-...](https://www.pionline.com/money-management/head-citadels-surveyor-capital-steps-down)
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)

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DTCC and Citadel intimately connected to a firm called Price Waterhouse Coopers which profited 322M from Lehman's collapse.
===========================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/thabat](https://www.reddit.com/user/thabat/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/n5yxpd/dtcc_and_citadel_intimately_connected_to_a_firm/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
I had this idea.. What if Citadel has dirt on the DTCC and that's why they're letting this shit go on?
My first thought was to look into any relationship between Kenny G and Michael Bodson, head of DTCC.
*Insert 20 mins of DD, found no initial Kenny/Mikey connection, then decided to look into Mr DTCC's LinkedIn page*
Michael Bodson worked for Morgan Stanley for 20 years from Jun 1986 - Jul 2006. Doesn't say anything about him before that. *How did he get this Managing director role?*
Says from 1976 to 1980 he was in Boston College. Then there's a 6 year gap that says he's a managing director at Morgan Stanley. What happened between those 6 years?
I'd like to know.
*Insert Googling*
<https://www.dtcc.com/about/leadership/board/michael-bodson>
Says:
*".. held a number of senior management positions with Morgan Stanley over a 20-year period. In his last position at Morgan Stanley, he was Global Head of the Institutional, Retail and Asset Management Operations Department. He previously served as Divisional Operations Officer for the Institutional Securities Group and Head of the Enterprise Information Group. He served as Head of Finance, Administration and Operations for Morgan Stanley Japan in Tokyo, and prior to that, he held similar responsibilities for Morgan Stanley Asia in Hong Kong. Prior to joining Morgan Stanley, he worked at Bear Stearns and Price Waterhouse. "*
Wait wait wait... hold up.
Michael Dodson, head of DTCC worked at Morgan Stanley. Prior to that he worked at Bear Stearns?
And what the fuck is Price Waterhouse?
YO I THINK I FOUND A RABIT HOLE!!
*Insert Price Waterhouse Google*
<https://www.pwc.com/>
*PricewaterhouseCoopers is a multinational professional services network of firms, operating as partnerships under the PwC brand. PwC ranks as the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG.*
So many ways we can Google this....
Let's start with "michael bodson price waterhouse"
It just keeps showing the same LinkedIn bio. Let's remove the bear. (giggity)
Google: "michael bodson price waterhouse -bear"
Ooo interesting:
<https://www.dtcc.com/annuals/2015/pages/management-committee.html>
CTRL+F "Price"
Look what popped up:
Susan Cosgrove Managing Director, Chief Financial Officer
Susan Cosgrove is Managing Director and Chief Financial Officer, leading DTCC's global finance and treasury teams and overseeing the company's efforts to further strengthen its financial processes and capital position. She is also responsible for procurement, real estate, corporate services and location strategy.
Cosgrove was previously Managing Director and General Manager of Settlement and Asset Services, overseeing all depository businesses. Prior to this role, she was the General Manager for DTCC's Equity and Fixed Income Clearing Services. Cosgrove is a member of DTCC's Management Committee, and she is Co-chair of the New Initiatives Committee. She also serves as a member of the board of directors for Deriv/SERV, Omgeo and Pencil.org, a not-for-profit organization leading collaboration between business and education communities.
Prior to joining DTCC in 1999, she served as a Senior Vice President at Lehman Brothers in charge of Audit and Compliance for the company's Americas division. Before Lehman, she worked at Maxcor Financial Group for 10 years as Chief Financial Officer and Head of Compliance. Cosgrove began her career as a Senior Auditor for PricewaterhouseCoopers in its Financial Services Group.
Side note: This popped up in the middle of my researching... lmao
[Coincidence? Maybe lmao](https://preview.redd.it/hby96j5jzex61.jpg?width=625&format=pjpg&auto=webp&s=18fedac97d4dc4e7d8a0a972e74a702b7cec9278)
INTERESTING.
So the DTCC has at least 2 people in Chief positions who worked for Price Waterhouse.
This seems important.
*Google google google*
Found this:
<https://www.theguardian.com/business/2011/apr/14/pricewaterhousecoopers-lehman-brothers-administration>
[Price Waterhouse Coopers profited 322 million Euros off the collapse of Lehman Brother's. INTERESTING!](https://preview.redd.it/f642crekwex61.jpg?width=1261&format=pjpg&auto=webp&s=7037bf86950a947d207d8fe97e183d3b33a2b673)
So wait wait wait WAIIIT.
When exactly did Michael Bodson go from Morgan Stanley to DTCC?
*Alt+Tab to LinkedIn*
Mar 2007
I FEEEEEEEL A WRINKLE COMING ON!!!!
When did the whole housing market thing happen?
*Insert Google: Financial Crisis timeline*
<https://www.thebalance.com/2007-financial-crisis-overview-3306138>
February 2007: Homes Sales Peak
February 26, 2007: Greenspan Warns of a Recession, But the Fed Ignores It
March 6, 2007: Stock Market Rebounds After Worst Week in Years
March 2007 - Hedge Funds Housing Losses Spread Subprime Misery
March 2007 - Michael Bodson becomes Executive Managing Director of the DTCC
*(It doesn't say that on the page, I just added in for dramatic effect)*
Ayeee so Mikey got a ~~puppet~~ managing position at the DTCC the same month banks started to realize they were fucked? After previously working at Morgan Stanley and Bear Stearns? Hmmm...
And now we know at least 2 Chief officers worked previously at PwC which profited 322 million from Lehman's collapse...
Let's google "PwC DTCC LinkedIn" and see how many more connections we can find.
Sharon (Krim) Hayes
Director FP&A at DTCC
Manager
PwC
1995 - 2004
9 years
Boston, MA
5 years in Audit practice then 4 years in M&A practice.
P.J. Savalli
Executive Director at The Depository Trust & Clearing
PwC
14 years 7 months
DirectorAug 2003 - Feb 2010
6 years 7 monthsNew York, New York
Provided advisory serves to clients in the financial services industry addressing a range of Governance, Risk and Compliance ("GRC") issues, including Enterprise Risk Management, Operational Risk, Credit Risk, Internal Audit and Internal Controls.
- ManagerAug 1995 - Aug 2003
- 8 years 1 monthGreater New York City AreaConducted financial statement audits and attestation engagements for Banking and Capital Markets clients. Executed and led risk management engagements for clients in the financial services industry.
Jennifer Ng
Data Privacy
- 📷****Director of Information Privacy
- The Depository Trust & Clearing Corporation
- Nov 2013 - Present
- 7 years 7 months
- PricewaterhouseCoopers LLP
- 17 years 2 months
- Information Protection - Sr ManagerJan 2005 - Oct 2013
- 8 years 10 monthsJersey City, NJ
Mahesh Gutala
Associate Director at DTCC
- 📷DTCC10 years 3 months
- Associate DirectorFeb 2017 - Present4 years 4 monthsTampa, Florida
- Lead Software EngineerDec 2013 - Feb 20173 years 3 monthsTampa/St. Petersburg, Florida Area
- Senior Software DeveloperMar 2011 - Nov 20132 years 9 months
- 📷****Sr. ConsultantFirst AdvantageNov 2010 - Feb 20114 months
- 📷****Development ManagerPricewaterhouseCoopersJul 2006 - Oct 20104 years 4 months
THE LIST JUST GOES ON AND ON AND ON!!!!!
I wonder... is there a connection between Citadel and PwC???
*Google: Citadel PwC LinkedIn*
Jimmy Huebner, CPA
Tax VP at Citadel
- 📷****Tax VPCitadelNov 2020 - Present
- 7 monthsChicago, Illinois, United States
- 📷****PwC8 years 11 months
- Asset Management Tax Senior ManagerJul 2020 - Present
- 11 monthsChicago, Illinois, United States
- M&A Tax ManagerJul 2018 - Jul 2020
- 2 years 1 monthWashington D.C. Metro Area
- Asset Management Tax ManagerJul 2017 - Jun 2018
- 1 yearChicago
- Asset Management Tax Senior AssociateJul 2014 - Jun 2017
- 3 yearsChicago
- Asset Management Tax AssociateJul 2012 - Jun 2014
- 2 yearsChicago
Caitlin Estes, CFA
Senior Product Specialist at Citadel
Senior Product Specialist
Citadel
Aug 2020 - Present
10 months
Intern-FSR
PricewaterhouseCoopers
Jun 2011 - Aug 2011
13 month
Evan Slaubaugh, CPA
Senior Accountant at Citadel
- Senior AccountantCitadelDec 2019 - Present
- 1 year 6 monthsChicago, Illinois
- 📷****PwC3 years 3 months
- Financial Services Tax Senior Associate and Digital AcceleratorJun 2018 - Dec 2019
- 1 year 7 monthsGreater Chicago Area
- Financial Services Tax AssociateOct 2016 - Jun 2018
- 1 year 9 monthsGreater Chicago Area
- 📷****State and Local Tax Intern
PwCJun 2015 - Jul 2015
- 2 monthsHouston, Texas Area
Lynn (Qingmao) Lin
Finance & Accounting at Citadel
- 📷****Finance & AccountingCitadelOct 2020 - Present
- 8 monthsNew York, New York, United States
- 📷****PwC2 years 10 months
- Senior AssociateJul 2019 - Oct 2020
- 1 year 4 monthsNew York, New YorkAssurance | Asset Management | Alternative Investments
- Experienced AssociateJul 2018 - Jun 2019
- 1 yearNew York, New YorkAssuarance - Asset Management - Alternative Investments
- Assurance AssociateJan 2018 - Jun 2018
- 6 monthsNew York, New YorkAssurance | Asset/Wealth Management - Alternative Investments
- 📷****Corporate Tax InternLehman Brothers Holdings Inc.Mar 2015 - Dec 2016
- 1 year 10 monthsJersey City, New Jersey
- 📷****Assurance Intern -FSOPwCJan 2016 - Mar 2016
- 3 monthsNew York, New York
Steve Root
Financial Controls Manager at Citadel
- 📷****Financial Controls ManagerCitadelOct 2019 - Present
- 1 year 8 monthsGreater Chicago Area
- 📷****PwC10 years 4 months
- ManagerAug 2016 - Oct 2019
- 3 years 3 monthsChicago, IllinoisI'm a Risk Assurance Manager for PwC in the Chicago office with domestic and international public accounting experience. I've had a diverse industry focus from the start of my career, including Banking (3+ years), Payment Processing (2 years), Card Services (3+ years), Asset Management (4+ years) and Insurance clients. As a result, I have developed a deep knowledge of clearing house, card processing and financial services systems, as well as the processes and controls that accompany them.
-
- ManagerJul 2015 - Jul 2016
- 1 year 1 monthLos Angeles, CaliforniaRisk Assurance Manager for PwC in the Los Angeles office. Focused primarily in the Asset Management industry serving clients with AUMs between $17 billion and nearly $2 trillion. As a result, I have developed a deep knowledge of the processes and controls of investment advisors.
-
- Senior AssociateJul 2012 - Jun 2015
- 3 yearsLos Angeles, CaliforniaRisk Assurance Senior Associate for PwC in the Los Angeles office. Diverse industry focus over the years, including Banking, Payment Processing, Card Services and Asset Management clients. Built deep knowledge of controls related to business process and ITGC's. Delivered dozens of SOC 1 and AT 101 reports, including multiple first year engagements where a full assessment of the control environment was performed from scratch.
Again, list goes on and on and on and on.
So wait.. I wonder also..
Has anyone from DTCC and Citadel crossed swords directly?
*Google Citadel DTCC LinkedIn*
Gerald Beeson
Chief Operating Officer at Citadel
- 📷****Citadel28 years 3 months
- Senior Managing Director, Chief Operating OfficerFeb 2008 - Present13 years 4 months
- Chief Financial OfficerMar 2003 - Feb 2008
- 5 yearsChicago, IL
- Managing Director, Global ControllerSep 1997 - Mar 20035 years 7 months
- Accounting Associate, Finance & AccountingJun 1994 - Sep 19973 years 4 months
- Intern, Finance & AccountingMar 1993 - Jun 19941 year 4 months
Member, Board of Directors📷
Member, Board of Directors
The Depository Trust & Clearing Corporation (DTCC)
Jun 2005 - Apr 2010
4 years 11 months
------
AHHHH There u have it folks. The current COO of Citadel was on the board of directors at the DTCC while serving as CFO at the time.
That's the last piece of the puzzle for me. I don't need to look any further.
So let's review what we've learned:
The DTCC AND Citadel are both almost entirely made up of people who worked at a company called PwC which profited 322M from Lehman's collapse.
Former employees going back and forth between all 3 companies. Would be super simple to share information and palm favors.
Like for example..
Easily approving financial statements when Citadel obviously does SHADY SHIT:
<https://www.sec.gov/Archives/edgar/data/1146184/000114618419000002/CDRG_BS_ONLY_2018.pdf>
[Did ya'll even read anything? I bet you didn't. I bet you just approved their financials and ignored all their naked shorting over the years because Cindy gave you a BJ at a frat party in 89'.](https://preview.redd.it/xnicek7l6fx61.jpg?width=1398&format=pjpg&auto=webp&s=fafdb5516b9e0beec00a8b789311157b2ab245f0)
I started this trying to find a connection between Kenny and Michael but found myself going down a rabbit hole that any normal sane person would be terrified to post.
[lmao last time I posted something like this, I got death threats. This one might be legit.. Pray for me guyz.](https://preview.redd.it/0t8g7tswcfx61.jpg?width=1223&format=pjpg&auto=webp&s=d46227fa9df5dd28a41b4e02f8e8e875b0fe879d)
Just for shits and giggles let's see how far PwC is from Citadel.
[MOTHER OF GOD](https://preview.redd.it/k8nboe66zex61.jpg?width=1484&format=pjpg&auto=webp&s=61865d4886121f7ed2ceefb5cf067f3483fe20b2)
12 minute walk from PwC to Citadel.
This is just my opinion but based on this information, I think this is the reason why things have been moving so slowly. This mini shadow organization that's made up of all these people who worked for the same firms, even interns went from 0 to 100 real quick. High ranking positions, probably as puppets for a larger entity. *"Do this and that when we tell you to, and on paper you'll be kings and queens"*
What does this mean? What is the point?
Based on the proposed legislation changes, it appears to me that someone's tired of their shit. And closing in on them little by little and they're running around terrified someone's gonna see through all their shady activities.
If I'm right, and they realized shit was about to hit the fan, they'd probably be...... up late.... on the weekends.... shredding all evidence of their fuckery.......... Hey wait, aren't there pics of lights on at all these buildings???
TL;DR: A company called PwC profited 322M Euros off the collapse of Lehman Brother's. This company had many many employees who went from working at PwC straight to DTCC and Citadel. PwC is 12 minutes walk from Citadel. The head of DTCC Michael Bodson used to work at PwC and Morgan Stanley and Bear Stearns. He started working for DTCC the same month banks started to shit themselves, March 2007.
Gamestop is 2008 pt 2. Same players. Same tactics. Same strategies. Different company names. The end is near for all of them and they're most likely all freaking the fuck out worse than we thought. HODL.
*Edit: Thanks for the awards but I'd rather ya'll spend those on GME.*
*Message to Citadel, PwC, DTCC, whoever else is involved:*
*Yo, maybe I'm completely wrong. Who knows. BUT the longer this shit goes on, the deeper we apes will be looking. And we're retarded. We can't help ourselves. We'll keep looking and looking and pointing shit out. We are the uncomfortable autistic child in the room saying very uncomfortable things that the adults don't want known publicly.*
*Everyone knows you're doing some kinda shady shit, no one can definitively prove any of it but... SOONER OR LATER we're gonna stumble on something LEGIT Legit. And it's gonna fuck you up real bad. Worse than what ever covering would cost you. So you're better off just covering so we take our tendies and go.*
Edit 2:
Of course shills are gonna shill. Ape they are the 4 big accounting firms. DUH that's the point. One or more of them are in on this bullshit but PwC did the last opinion on them. PwC has deeper ties. PwC as a whole may not be in on it, I'm saying a few key employees could easily do favors. Theres major corruption. Shills are missing the point that Citadel and DTCC are intimate together. Idgaf about PwC I'm saying this is a tie to DTCC and Citadel.

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Daily Heat Map of Citadel (and Melvin's) Long Holdings --- May 11 2021
====================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/HODLTheLineMyFriend](https://www.reddit.com/user/HODLTheLineMyFriend/) | [Reddit](https://www.reddit.com/r/DDintoGME/comments/na9xwb/daily_heat_map_of_citadel_and_melvins_long/) |
---
[𝗗𝗮𝘁𝗮](https://www.reddit.com/r/DDintoGME/search?q=flair_name%3A%22%F0%9D%97%97%F0%9D%97%AE%F0%9D%98%81%F0%9D%97%AE%22&restrict_sr=1)
Here's what today's heat map looks like for Citadel's long holdings at market close. I went ahead and gathered up Melvin's as well, and created a second heat map. There's a lot of overlap between them, but enough differences to be interesting. Citadel has $200B AUM, while Melvin has/had $22B, so Citadel has 10x the influence on prices, if/when they are liquidating.
[![r/DDintoGME - Daily Heat Map of Citadel (and Melvin's) Long Holdings --- May 11 2021](https://preview.redd.it/gmnt2mcxjky61.png?width=1628&format=png&auto=webp&s=d107f73dc8e112497a00f94a466ee28e1cc71850)](https://preview.redd.it/gmnt2mcxjky61.png?width=1628&format=png&auto=webp&s=d107f73dc8e112497a00f94a466ee28e1cc71850)
Citadel holdings at COM May 11 2021
As I suspected they might, HD and PG both took a dive today. Also, there were declines in their bank stocks, Disney, and all their healthcare, while tech stocks made a limited comeback. Their Zoom and BABA holdings did well, while the FAANG stocks were mixed today.
While looking at supplemental reports in 13D/13G reports since Feb 16, Citadel has been on a buying spree of SPACs. Not sure what they're up to there, but the list is long: [Citadel 13D/13G](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/latest-13dg-filings/#/). They slowed down after April 21, when the SEC announced that they would have to treat them as liabilities, not assets. [SEC Ruling news](https://247wallst.com/investing/2021/04/13/how-sec-ruling-cuts-spacs-action/)
Melvin's heatmap for today:
[![r/DDintoGME - Daily Heat Map of Citadel (and Melvin's) Long Holdings --- May 11 2021](https://preview.redd.it/ncds01kzjky61.png?width=1623&format=png&auto=webp&s=2a763db3f779423ae8eda6ad77250cd7925ef1a2)](https://preview.redd.it/ncds01kzjky61.png?width=1623&format=png&auto=webp&s=2a763db3f779423ae8eda6ad77250cd7925ef1a2)
Melvin holdings at COM May 11 2021
I also researched Susquehanna International Group, but they have very few longs to look at. I'll keep digging to see if I'm missing something. They might be exclusively short, so they don't have to disclose in a 13F.
I researched Virtu Financial, but they seem to be more of an HFT and market maker and don't publish much in terms of long positions. They only publish in their 13F a $1B portfolio, with a sprinkling of index funds, SPACs, and Docusign, altogether maybe 5% of their reported total portfolio. I wonder if they're exclusively shorts, which they don't have to disclose. That might make them the weakest of the SHFs, if they're also naked shorting.
Jane Street Group is almost entirely in options, with huge parts of its $200B portfolio on both calls/puts on Tesla, Amazon, SPY, BABA, IEF, GLD, Netflix, Apple, Nvidia, Shopify, Salesforce, the list goes on. They even bought PUTs on Berkshire Hathaway? Betting against Berkshire Hathaway? The overlap in their puts/calls with Citadel's long holdings is REMARKABLE, ie. not a coincidence in my book. Almost every ticker can be found in both, except that Jane Street is playing derivatives only. Disney, Adobe, Salesforce, Google, Boeing, Micron. It's weird. Any wrinkly apes with ideas on their connections to Citadel please speak up.
As before, I like to share my sources:\
[Citadel Investment Group 13F](https://www.insidermonkey.com/hedge-fund/citadel+investment+group/44/holdings/#/)\
[Susquehanna 13F (note pocket change of shares)](https://www.sec.gov/Archives/edgar/data/1765924/000176592421000001/xslForm13F_X01/file.XML)\
[Jane Street Group holdings](https://www.insidermonkey.com/institutional-investor/jane+street+group+llc/601711/holdings/)\
[Virtu Financial holdings](https://www.insidermonkey.com/institutional-investor/virtu+financial+llc/769/holdings/)
And here's yesterday's update:\
<https://www.reddit.com/r/DDintoGME/comments/n9jrif/daily_heat_map_of_citadels_long_holdings/>
To the moon! 🚀🚀🚀
---
Edit: As [u/bbbooneville](https://www.reddit.com/u/bbbooneville/) suggested, it might be of particular interest to also look at just the largest long positions of Melvin, as they are the most lightly capitalized of the known shorts ($2.75B infusion from KG/Steve Cohen), so their liquidation is likely to be first. I just pulled a list of their top long holdings and then removed Visa, MasterCard, and Facebook, as their massive market caps mean any Melvin move wouldn't shift the price much. Enjoy!
[![r/DDintoGME - Daily Heat Map of Citadel (and Melvin's) Long Holdings --- May 11 2021](https://preview.redd.it/77167y90tky61.png?width=1501&format=png&auto=webp&s=c1f751650be769bfaba90f31ad29fcb11eb94dac)](https://preview.redd.it/77167y90tky61.png?width=1501&format=png&auto=webp&s=c1f751650be769bfaba90f31ad29fcb11eb94dac)
It's kinda red out there today, almost a Brick Red kind of shade...mmm...

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CNBC to Citadel: What (or who...) is the link?
==============================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Region-Formal](https://www.reddit.com/user/Region-Formal/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nj7n6m/cnbc_to_citadel_what_or_who_is_the_link/) |
---
[DD 👨‍🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%22&restrict_sr=1)
Apes, some of you may recall a DD I put out about a month ago, showing the vested interest that may be leading to The Motley Fool advancing Shitadel's cause:
<https://www.reddit.com/r/Superstonk/comments/msmh9e/the_motley_fools_money_trail_to_citadel/?utm_medium=android_app&utm_source=share>
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/rnuw04s81y071.png?width=1436&format=png&auto=webp&s=c8ae734e2dc35459168cfb547f5e3f2eb0c991ce)](https://preview.redd.it/rnuw04s81y071.png?width=1436&format=png&auto=webp&s=c8ae734e2dc35459168cfb547f5e3f2eb0c991ce)
ShillNBC
Now I want to share some info that strongly indicates vested interests may also be connecting Shitadel to everyone's favourite business news channel, CNBC. As I think most of us are aware, Shitadel actually consists of two different and separate entities:
Citadel LLC - One of the largest alternative investment Hedge Funds
Citadel Securities LLC - One of the largest Market Makers
Both Hedge Funds and Market Makers rely on strong and cost-effective relationships with other types of large financial institutions:
- Prime Brokers: <https://www.thebalance.com/what-is-prime-brokerage-4165497>
- Custodian Banks: <https://www.investopedia.com/terms/c/custodian.asp>
- Clearing Brokers: <https://www.investopedia.com/terms/c/clearingbroker.asp>
Basically Prime Brokers and Custodian Banks make money by providing services to Hedge Funds (such as Citadel LLC), and Clearing Brokers making money by providing services to introducing brokers (such as Citadel Securities LLC). And who exactly are Shitadel's Prime Brokers, Custodian Banks and Clearing Brokers?
- The Prime Brokers for the Citadel LLC Hedge Fund entity, according to their ADV filing includes Bank of America, Merrill Lynch, Citibank and JP Morgan. <https://reports.adviserinfo.sec.gov/reports/ADV/148826/PDF/148826.pdf>
- As for their Custodian Banks, the same ADV filing states that the provider of these services to Shitadel LLC's various funds heavily includes JP Morgan.
- Lastly, for Citadel Securities LLC, according to their FINRA broker check record - the Clearing Brokers are Goldman Sachs, ABN AMRO, Bank of America, Merrill Lynch and once again...JP Morgan. <https://files.brokercheck.finra.org/firm/firm_116797.pdf>
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/b80gs82g1y071.png?width=2391&format=png&auto=webp&s=017ae0b82b5c29d09fc707aac5991027604d9e6e)](https://preview.redd.it/b80gs82g1y071.png?width=2391&format=png&auto=webp&s=017ae0b82b5c29d09fc707aac5991027604d9e6e)
ADV
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/80jo3v4g1y071.png?width=2391&format=png&auto=webp&s=5041626cb34105977e21155691eb93ac8a610a4c)](https://preview.redd.it/80jo3v4g1y071.png?width=2391&format=png&auto=webp&s=5041626cb34105977e21155691eb93ac8a610a4c)
ADV
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/u11bjq4g1y071.png?width=2300&format=png&auto=webp&s=640d722b3e01e588a0837f36d7449ea5b59a9404)](https://preview.redd.it/u11bjq4g1y071.png?width=2300&format=png&auto=webp&s=640d722b3e01e588a0837f36d7449ea5b59a9404)
FINRA
Are brokerage services an important part of JP Morgan's business? According to their 2020 Annual Report, they made about $3 billion in profits from providing these services to institutional customers, such as the two Shitadel entities. Additionally the 2020 Q4 earnings report shows that their Custodian Bank service holds over $3 *trillion* of Assets Under Custody...again raking in huge fees from the likes of Shitadel.
<https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/annualreport-2020.pdf>
<https://www.jpmorganchase.com/content/dam/jpmc/jpmorgan-chase-and-co/investor-relations/documents/quarterly-earnings/2020/4th-quarter/0013a54c-cda9-464e-b2da-785799c5c80c.pdf>
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/ge8vsor12y071.png?width=1439&format=png&auto=webp&s=e1ffd18f440195733a2413a6f1e0dca7e6b4bbd5)](https://preview.redd.it/ge8vsor12y071.png?width=1439&format=png&auto=webp&s=e1ffd18f440195733a2413a6f1e0dca7e6b4bbd5)
JP Morgan's Financial Report
Now I should point out that pretty much every large Prime Broker, Custodian Bank and Clearing Broker are listed in Shitadel's filing. So why pickon JP Morgan from that list? Well, because of this guy:
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/okgtn5692y071.png?width=1343&format=png&auto=webp&s=dbef169194734b9d51911fc31083d752f2680646)](https://preview.redd.it/okgtn5692y071.png?width=1343&format=png&auto=webp&s=dbef169194734b9d51911fc31083d752f2680646)
Hmm...
<https://www.nbcuniversal.com/leadership/steve-burke>
Steve Burke, Chairman of NBCUniversal - the parent company of CNBC - is *also* on the Board of Directors at both Warren Buffet's Berkshire Hathaway and JP Morgan. That Board of Directors actually only consists of ten members, so our boy Steve not only heads up NBCUniversal but is one of the key people at JP Morgan as well. The same JP Morgan that is pretty much in bed with Shitadel and must be making *enormous* amounts of money in providing various kinds of services to them.
<https://www.jpmorganchase.com/about/our-leadership>
Steve Burke has a duty, as a member of their Board of Directors, to help JP Morgan be as profitable as possible. And I guess he and his fellow members of the board are doing a good job, because they are the biggest bank in America today... Protecting the interests of and retaining key customers is, I am sure, one of the bullet points in his job description. BUT can someone balance these goals with the journalistic integrity that *ought* to be required of *also* leading one of the country's largest media corporations?
I will not conjecture how much *direct* influence he has on CNBC's editorial direction and choice of content. However he IS their boss...their BIG boss, and certainly has the incentive and opportunity to provide such direction. Steve Burke may see his role at JP Morgan, which would include serving the needs of key customers such as Shitadel, is a rational reason for aiding their cause.
Is it a surprise, therefore, that the organisation he leads spouts out stories that are so negative about GME? Or reported with glee that Melvin had closed their short position? Or has over-reported when GME's share price has fallen sharply, sometimes reporting before the event has even occurred? And yet under-reported when the price has increased sharply? Or gives a voice to Jim Cramer?
*This correspondent is not surprised at all.*
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/rqhwu8yg2y071.png?width=1419&format=png&auto=webp&s=b11feea4f502f5aee53e546eb59c682119558f8a)](https://preview.redd.it/rqhwu8yg2y071.png?width=1419&format=png&auto=webp&s=b11feea4f502f5aee53e546eb59c682119558f8a)
Lies
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/38ymn8yg2y071.png?width=1439&format=png&auto=webp&s=7c9577327042c1c77c9cc0d76561e9ccc7490dad)](https://preview.redd.it/38ymn8yg2y071.png?width=1439&format=png&auto=webp&s=7c9577327042c1c77c9cc0d76561e9ccc7490dad)
FUD
[![r/Superstonk - CNBC to Citadel: What (or who...) is the link?](https://preview.redd.it/tq2ugtzg2y071.png?width=2173&format=png&auto=webp&s=d8417ae887e76f3c9e172fc0b78815f8c3cf8226)](https://preview.redd.it/tq2ugtzg2y071.png?width=2173&format=png&auto=webp&s=d8417ae887e76f3c9e172fc0b78815f8c3cf8226)
Cramer
TL;DR: JP Morgan receives huge fees from Shitadel for providing various banking services, to both their Hedge Fund and Market Making entities. It is in JP Morgan's interest to protect and advance their key client Shitadel's cause. The Chairman of CNBC's parent company is one of only ten members of JP Morgan's Board of Directors. No conflict of interest at all, then..

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Citadel and the Manhattan D.A.
==============================
| Author | Source |
| :-------------: |:-------------:|
| [u/kamperez](https://www.reddit.com/user/kamperez/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/nse7sj/citadel_and_the_manhattan_da/) |
---
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)
I realize this might be bumping up against Rule 5 since it's kind of removed from $GME, but bear with me because I think this is something we should all be aware of and which may have a huge impact on the epilogue of the MOASS saga. Now, I don't know anything about finance, so I usually just lurk, reading DD and confirming my bias. But I *do* know about the law and I think I happen to find myself in middle of a Venn-diagram you apes might find interesting. That being the Manhattan District Attorney Race.
We've all seen the legal and regulatory walls closing in on the hedgies lately. They're working through the night doing... what exactly? There doesn't seem to be a way out, so why bother moving chairs on the titanic? Suppose for argument's sake that the point is to buy time to shield assets from the eventual bankruptcy of these funds. Certainly isn't hard to imagine, you can bet these people already move their money to avoid scrutiny or taxes, this is no different. But the issue is that even if you were to somehow protect your entire fortune, it means nothing when you land in prison.
So what do rich people do to avoid paying for their crimes? They buy politicians! And who is Citadel's politician of choice? I present to you: Tali Farhadian Weinstein.
[![r/Superstonk - Citadel and the Manhattan D.A.](https://preview.redd.it/mzenks2mva371.png?width=2863&format=png&auto=webp&s=6ec935099e881c5614ab0802e25d2c429300ba01)](https://preview.redd.it/mzenks2mva371.png?width=2863&format=png&auto=webp&s=6ec935099e881c5614ab0802e25d2c429300ba01)
https://publicreporting.elections.ny.gov/ContributionsByRecipient/ContributionsByRecipient
That's Kenny G himself and Pablo Salame, the head of global credit at Citadel donating to Ms. Weinstein ($35,000 is the statutory maximum you can give). Bear in mind, Kenny G has donated over 100 million to the GOP over the past few years, he's donated hundreds of thousands to republicans in NY state races, so why is he donating to a democrat in a county primary? The Manhattan District Attorney is a unique position to prosecute financial crimes, they have jurisdiction over Wall Street. The more interesting question, though, is why Tali Weinstein?
Tali Weinstein is the wife of [Boaz Weinstein](https://www.institutionalinvestor.com/article/b1m3lx01dnj9mq/Boaz-Weinstein-Is-Making-Bank-He-s-Not-Happy-That-You-Know-About-It), founder and manager of Saba Capital. The couple lives in a $25.5 million apartment. It is very clear from the vast amounts of money she's raising that she if very close with the ultrawealthy and is aptly named [Wall Street's Chosen Candidate](https://gothamist.com/news/wall-street-has-chosen-its-candidate-heated-race-district-attorney-tali-farhadian-weinstein).
Lest you think these rich people are funding her because of her qualifications, it's worth noting Weinstein has "[never practiced [law] in Manhattan](https://www.5bd.org/tali-farhadian-weinstein/)" and has "[significant gaps in her understanding](https://www.5bd.org/tali-farhadian-weinstein/)" of the issues faced by a Manhattan DA. She's running as a democrat, but only [registered as one](https://twitter.com/SamMellins/status/1400076074810327040) in 2017 and has never voted in an election for D.A., or even mayor (she will actually be the first county official she votes for). And, of course, she was courted by [Trump](https://www.nytimes.com/2021/06/02/nyregion/manhattan-district-attorney-trump.html) to become a judge, so that tells you all you need to know about her Democrat credentials.
The point of all of this is there are going to be a lot of very wealthy people in some legal hot water in the next couple of months, and the Manhattan District Attorney is going to be one of the few people who can actually turn up the heat on them. For *some unknown reason,* though, those ultrawealthy people have all chosen an unqualified, Trump-aligned, ultra-wealthy candidate to shower with their unprecedented support.
So, BUY, HODL, VOTE.
And if you're a Manhattan ape, make sure you also VOTE in the primaries on 6/22!
EDIT TO ADD:
TL;DR: Citadel is contributing big $$$ to a NY DA candidate. The candidate has no prior experience or extensive knowledge that should be had with this position. She is closely connected to extreme wealth and if elected would be the one with power to hold these criminals feet to the fire. (thanks, [u/bloodshot_blinkers](https://www.reddit.com/u/bloodshot_blinkers/))
EDIT 2:
Taking [u/EmoeyJoey](https://www.reddit.com/u/EmoeyJoey/)'s suggestion and adding for those of you wondering what to do about this: if you're in Manhattan, vote in the primaries . If you know anyone in Manhattan, encourage them to vote. Consider donating to Weinstein's opponents. Don't take my word for it, but being a prosecutor myself and having obsessed over that list of donors for a long time, I think Eliza Orlins is the one for the job. Her campaign is entirely grassroots, she's not in the pocket of the wealthy. I've actually been volunteering for her campaign as a result (full disclosure in case you look me up and think this was all a paid ad or something)
And of course, get ready to raise hell post MOASS if Tali wins.

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Citadel Securities Luxembourg dissolved 4/30/2021
=================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/cspawn](https://www.reddit.com/user/cspawn/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/o0n955/citadel_securities_luxembourg_dissolved_4302021/) |
---
[gd.lu/resa/2...](https://gd.lu/resa/2mng1G)
[Discussion 🦍](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Discussion%20%F0%9F%A6%8D%22&restrict_sr=1)

24
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Citadel really doesn't like IEX, if you have the option, route your buys through them.
======================================================================================
[HODL 💎🙌](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22HODL%20%F0%9F%92%8E%F0%9F%99%8C%22&restrict_sr=1)
| Author | Source |
| :-------------: |:-------------:|
| [u/Key_Coffee4941](https://www.reddit.com/user/Key_Coffee4941/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/oa7st6/citadel_really_doesnt_like_iex_if_you_have_the/) |
---
![image](https://user-images.githubusercontent.com/82035192/123949123-372a0f80-d970-11eb-9e60-be861bb1b519.png)
![image](https://user-images.githubusercontent.com/82035192/123949146-3db88700-d970-11eb-8b5c-66f674f3cf27.png)
![image](https://user-images.githubusercontent.com/82035192/123949164-427d3b00-d970-11eb-860a-9c6129c75ada.png)
![image](https://user-images.githubusercontent.com/82035192/123949180-4741ef00-d970-11eb-9ebd-2b1392790701.png)
![image](https://user-images.githubusercontent.com/82035192/123949195-4b6e0c80-d970-11eb-87ee-b88926e9da02.png)
![image](https://user-images.githubusercontent.com/82035192/123949208-4e68fd00-d970-11eb-9ebd-744d3b35c061.png)

12
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Credit Suisse just bought 90k shares of GME on the 04/06/21
===========================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/fsociety999](https://www.reddit.com/user/fsociety999/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mo1lj9/credit_suisse_just_bought_90k_shares_of_gme_on/) |
---
[Education 👨‍🏫](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Education%20%F0%9F%91%A8%E2%80%8D%F0%9F%8F%AB%22&restrict_sr=1)
[![r/Superstonk - Credit Suisse just bought 90k shares of GME on the 04/06/21](https://i.redd.it/543jmkqsebs61.png)](https://i.redd.it/543jmkqsebs61.png)

16
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Here you go... getting around the pay wall
==========================================
**Author: [u/rabeenesh](https://www.reddit.com/user/rabeenesh/)**
**[Source](https://www.reddit.com/r/Superstonk/comments/muv6a8/here_you_go_getting_around_the_pay_wall/)**
[News 📰 | Media 📱](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%20%7C%20Media%20%F0%9F%93%B1%22&restrict_sr=1)
![image](https://user-images.githubusercontent.com/82035192/116783897-4fa8a700-aa5f-11eb-92a0-b2343b3edd7b.png)
![image](https://user-images.githubusercontent.com/82035192/116783899-5505f180-aa5f-11eb-89c2-486941063a0f.png)
![image](https://user-images.githubusercontent.com/82035192/116783902-59caa580-aa5f-11eb-93be-e6ab21b86ede.png)

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Good Morning GME!! In Todays Edition of Hedge Fund Bad News: Two Sigma Decide for yourself good or bad?
=======================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/GME/comments/mghcrc/good_morning_gme_in_todays_edition_of_hedge_fund/) |
---
[DD 📊](https://www.reddit.com/r/GME/search?q=flair_name%3A%22DD%20%F0%9F%93%8A%22&restrict_sr=1)
Good Morning GME! As the Art of war says: know thy enemy. So, Lets continue get to know our dear hedge fund friends.
So Lets Recap what we've learned so far about Citadel and Point 72, before we get to the main course of Two Sigma.
As always Remember:
1. Don't post positions (Breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
Recap: Citadel
Has gotten in trouble for using dark pools to manipulate the prices the stocks, has alleged ties to a coup taking over the Illinois state government, has previously been fined for market manipulations. Additionally, poaches staff from other hedge funds. Citadel has sued the SEC and the IEX president over a new method of order flow D-Limit. Ken Griffin also fires 10% of his employees every month for underperforming. Has a single piece of art that can cover the amount on money needed to pay shareholders in a squeeze. (Links to be provide at end - posted in another post, before starting the sort of daily hedge fund bad news began). Has a really good PR team. - Buys the rights to all the images of him, and tries their best to keep his personal life out of the press. Moreover, is skimming off the top of all trades that go through on PFOF. Bad Blood Between Citadel, SEC and other Hedge Funds.
Recap: Point 72's Steve Cohen
Been Fined and convicted of insider trading and failing to supervise staff engaged in insider trading. Has just recently come off a 4 year trading Freeze in china, has been sued for gender discrimination. got his ex-wife's fraud case against him dismissed, point72/Cohen has a long list of felonies. Cohen has even had a 2 year ban for trading for "failure to Supervise" assessed by the SEC and also paid them 135,000,000 fine. Has an Art Collection that can more than pay for squeeze.
<https://www.reddit.com/r/GME/comments/mern7g/tonights_edition_of_hedge_fund_bad_press_steve/?utm_source=share&utm_medium=web2x&context=3>
Today's Main Course: Two Sigma, John Overdeck & David Siegel
The firm currently holds 10,300 call options valued at $194,000 USD and 40,000 put options valued at $754,000 USD . (link below)
Two Sigma, John Overdeck, and David Siegel (actually pretty clean, decent firm and people - or has a really good PR team - former employee steals from them). It appears that philanthropy is genuine - not a distraction from bad press.
[Analyst Charged With Stealing Quant Trading Models From Major Hedge Fund (forbes.com)](https://www.forbes.com/sites/nathanvardi/2014/02/19/analyst-charged-with-stealing-quant-trading-models-from-major-hedge-fund/?sh=5fc9bab35298)
[John Overdeck - Wikipedia](https://en.wikipedia.org/wiki/John_Overdeck)
<https://en.wikipedia.org/wiki/Two_Sigma_Investments>
<https://www.law360.com/articles/586903/ex-two-sigma-analyst-can-t-dodge-ip-trial-but-bail-is-cut>
<https://www.manhattanda.org/da-vance-kang-gao-pleads-guilty-copying-confidential-trading-information-his-former-em/>
[John Overdeck and David Siegel to Receive Lifetime Achievement Award | Institutional Investor](https://www.institutionalinvestor.com/article/b1f96k48kf2mx3/John-Overdeck-and-David-Siegel-to-Receive-Lifetime-Achievement-Award)
[John Overdeck (forbes.com)](https://www.forbes.com/profile/john-overdeck/?sh=6e4de0173740)
[david-siegel-john-overdeck (forbes.com)](https://www.forbes.com/pictures/591628294bbe6f6c4b153ff9/john-overdeck-david-siege/?sh=2de6e877ce02)
[Search Results for "david siegel" -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/?s=david+siegel)
[Search Results for "John overdeck" -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/?s=John+overdeck)
<https://fintel.io/so/us/gme/two-sigma-investments-llc> The firm currently holds 10,300 call options valued at $194,000 USD and 40,000 put options valued at $754,000 USD .
My Honest Opinion on Two Sigma? They made the wrong decision at the wrong time. I'm guessing their involvement may have been band wagon - "Everyone else is doing it, so we will too." BUT continue to do puts because they are caught up in a cycle and just cannot bring themselves to pullout, because GREED.
Totally not What I was Expecting! If you can find something bad post it in the comments and I'll put it up here.
Citadel Bad new links - from Goldman Sachs post
<https://www.reuters.com/article/idUSKBN27201E> - Citadel Sues SEC
<https://dealbreaker.com/2020/04/citadel-coronavirus-hotel> - Ken Griffin Lock up Two Dozen Employees
<https://markets.businessinsider.com/news/stocks/citadel-cashes-in-retail-trading-boom-buys-customer-orders-2020-6-1029329874> - This Why You Don't Day Trade GME
<https://celebsinterest.com/biography/ken-griffin-sells-miami-beach-penthouses-at-a-loss/>
<https://www.reuters.com/article/us-citadel-kyle/citadel-hires-tripp-kyle-as-chief-corporate-affairs-officer-idUSKBN1YG1D9> - Poaching Employees?
<https://www.businessinsider.com/citadels-tech-team-hired-two-sigmas-andrew-janian-2020-5> - Poaching Employees? From Two Sigma
<https://www.opalesque.com/681197/Citadel_snags_Glencore_trader_to_lead_commodities_team119.html> - Poaching from Glencore
<https://dealbreaker.com/2015/04/interviews-at-citadel-tourbillion-include-your-standard-interrogation-by-an-ex-cia-officer-round> - interview process
<https://wallstreetonparade.com/2014/08/citadels-dark-pool-sec-draws-a-dark-curtain-around-its-operations/> -Dark Pool SEC investigations
<https://wallstreetonparade.com/2021/03/one-day-after-the-senate-hearing-on-gamestop-manipulation-its-stock-puts-on-a-wild-show-of-manipulation/> - Senate Hearing on gamestop
<https://wallstreetonparade.com/2021/02/is-citadels-hedge-fund-a-harmless-35-billion-minnow-or-a-235-billion-killer-shark/> -Harmless or Killer Shark
<https://wallstreetonparade.com/2021/02/how-corrupt-is-wall-street-two-watchdogs-weigh-in/> - How Corrupt is Wall Street
<https://dealbreaker.com/2017/05/ken-griffin-all-horned-up-bank-breakup> - big bank break up
<https://dealbreaker.com/2017/06/ken-griffin-has-big-banks-right-where-he-wants-them> - big bank break up
<https://dealbook.nytimes.com/2011/08/11/citadel-chief-gives-up-dream-for-investment-bank/> - fails as investment banker
<https://www.bloomberg.com/news/articles/2020-11-11/citadel-securities-says-its-leaked-secrets-can-t-be-unseen> - Sues over algorithm
<https://chicago.suntimes.com/2020/9/9/21427957/illinois-finances-progressive-graduated-income-tax-ken-griffin-flat-tax-j-b-pritzker-referendum> - against graduated income tax
<https://waynebesen.com/billionaire-cabal-stages-corporate-coup-in-illinois/> - participation in coup
<https://capitolfax.com/2020/11/02/whats-ken-griffins-endgame/> - Griffin now trying to create a new crisis by shutting off a revenue stream (Illinois Govt.)
<https://www.barstoolsports.com/blog/3295447/how-chicago-plays-a-central-role-in-todays-shitshow.-and-how-robinhood-could-not-possibly-be-more-full-of-shit>. Citadel/Melvin and Robin Hood Shit Show
TL:DR
Citadel has a bad reputation and bad blood with pretty much everyone
Point 72 and Cohen, felonies galore, previous suspended trading privilege's U.S. and abroad
Two Sigma, John Overdeck & David Seigel: Basically decent human beings who got caught up in a bad trade. Still has a lot of put options on GME.
As always Remember:
1. Don't post positions (breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
2. make no predictions
3. remove stop losses
4. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice

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Point 72 from 3 days ago with an update to position in GME
==========================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/gmeamcstonks/comments/mh7vje/point_72_from_3_days_ago_with_an_update_to/) |
---
Sorry, this post has been removed by the moderators of [r/GME](https://www.reddit.com/r/GME/).
Moderators remove posts from feeds for a variety of reasons, including keeping communities safe, civil, and true to their purpose. (I have absolutely no idea what's wrong with it)
So in my post about Goldman Sachs I posted links for bad news on our friend Ken Griffin & Citadel. I was asked to make a post on each of dear friends involved with this whole international incident. I call it that because of the stockholders world wide and the many international investigations that are occurring. The ask was to remind us of who the apes are up against. So tonight I bring you Point 72 & Steve Cohen. It was a lot easier to find the bad news than it was with Griffin and Citadel, must not have a very good PR department.
As a reminder:
Don't post positions
Remove stop losses
don't forget to remove sell limits
No MOASS date predictions
The less they can see and mine the better off we are.
And as always not financial or investment advice.
Tonight's headlines:
[Article: Social Rejection?: Hedgie Steve Cohen Wants Out of East Hampton -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2014/01/article-social-rejection-hedgie-steve-cohen-wants-out-of-east-hampton/)
[20 Things You Didn't Know About Steve Cohen (moneyinc.com)](https://moneyinc.com/steve-cohen/)
[Woman suing Point72, Steve Cohen speaks out on alleged discrimination (cnbc.com)](https://www.cnbc.com/2018/06/11/the-woman-suing-point72-and-steve-cohen-for-gender-and-pay-discrimination-speaks-out.html)
[Steve Cohen's Point72 Hedge Fund Employee Infected With Coronavirus (yahoo.com)](https://finance.yahoo.com/news/steve-cohens-point72-hedge-fund-035917955.html)
[Melvin, Citadel & Point 72 Have A Bad Track Record of Felonies - YouTube Shorts - YouTube](https://www.youtube.com/watch?v=sBS0ced9yQQ)
[New York Mets owner Steve Cohen scoffs at a female trader at his hedge fund, over gender discrimination complaint claims - STATIONGOSSIP](http://www.stationgossip.com/2021/01/new-york-mets-owner-steve-cohen.html)
[Steve Cohen Is Planning a $20 Billion Middle Finger for His Critics | Vanity Fair](https://www.vanityfair.com/news/2017/05/steve-cohn-20-billion-dollar-comeback)
[Is Hedge-Fund Titan Steve Cohen Going Down? | Vanity Fair](https://www.vanityfair.com/news/business/2013/06/steve-cohen-insider-trading-case)
[Hedge Fund Billionaire Steve Cohen's $155M Picasso Isn't His First Multi-Million Piece Of Art (forbes.com)](https://www.forbes.com/sites/afontevecchia/2013/03/26/hedge-fund-billionaire-steve-cohens-155m-picasso-isnt-his-first-multi-million-piece-of-art/?sh=23aad3683613)
[Former SAC Trader on What Steve Cohen Bio 'Black Edge' Doesn't Explore | Observer](https://observer.com/2017/02/sac-capital-book-black-edge-steve-cohen-review/)
[Steven Cohen: His own private bravado (newstimes.com)](https://www.newstimes.com/news/article/Steven-Cohen-His-own-private-bravado-4589406.php)
[Steven Cohen's Point72 invests $750 million in hedge fund caught in GameStop stock surge (stamfordadvocate.com)](https://www.stamfordadvocate.com/business/article/Steven-Cohen-s-Point72-invests-750-million-in-15903430.php)
[Billionaire Steven Cohen wins dismissal of ex-wife's fraud case | Reuters](https://www.reuters.com/article/us-people-cohen-divorce-idUSKCN0YA2DT)
[SEC.gov | SEC Charges Steven A. Cohen With Failing to Supervise Portfolio Managers and Prevent Insider Trading](https://www.sec.gov/news/press-release/2013-129)
[SAC Capital Portfolio Manager Mathew Martoma Sentenced In Manhattan Federal Court To Nine Years For Insider Trading | USAO-SDNY | Department of Justice](https://www.justice.gov/usao-sdny/pr/sac-capital-portfolio-manager-mathew-martoma-sentenced-manhattan-federal-court-nine)
[SEC.gov | SEC Charges Steven A. Cohen With Failing to Supervise Portfolio Managers and Prevent Insider Trading](https://www.sec.gov/news/press-release/2013-129)
[Article: Who is Steve Cohen? The Connecticut billionaire buying the New York Mets is a lifelong fan, an avid art collector and was embroiled in an insider trading scandal -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2020/09/article-who-is-steve-cohen-the-connecticut-billionaire-buying-the-new-york-mets-is-a-lifelong-fan-an-avid-art-collector-and-was-embroiled-in-an-insider-trading-scandal/)
[Article: How Wall Street billionaire Steve Cohen survived an insider trading scandal -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2017/04/article-how-wall-street-billionaire-steve-cohen-survived-an-insider-trading-scandal/)
[Article: Steve Cohen's former hedge fund settles insider trading suit for $135M -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2016/11/article-steve-cohens-former-hedge-fund-settles-insider-trading-suit-for-135m/)
[Article: SEC Settles for Two-Year Bar in Steve Cohen Failure to Supervise Case -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2016/01/article-sec-settles-for-two-year-bar-in-steve-cohen-failure-to-supervise-case/)
[Article: Indictment Won't Stop Steve Cohen from Hosting a Hamptons Tuna Party -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2013/07/article-indictment-wont-stop-steve-cohen-from-hosting-a-hamptons-tuna-party/)
[Article: CEO Mocks Steve Cohen In Bizarre Full-Page Wall Street Journal Ad -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2013/07/article-ceo-mocks-steve-cohen-in-bizarre-full-page-wall-street-journal-ad/)
[Article: Overstock CEO Patrick Byrne calls out Steve Cohen And Mike Milken -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2013/01/article-overstock-ceo-patrick-byrne-names-steve-cohen-and-mike-milken-as-sith-lords/)
[Article: Ban Lifted, Steven Cohen May Soon Be Investing For Clients Again -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2018/01/article-ban-lifted-steven-cohen-may-soon-be-investing-for-clients-again/)
[How Mets' Steve Cohen views Yankees bad blood ... or lack thereof? - nj.com](https://www.nj.com/yankees/2020/11/how-mets-steve-cohen-views-yankees-bad-blood-or-lack-thereof.html)
[Wall Street - The rise, fall and rise of Steven Cohen | Books & arts | The Economist](https://www.economist.com/books-and-arts/2017/03/04/the-rise-fall-and-rise-of-steven-cohen)
[The Taming of SAC Capital's Steven A. Cohen -- New York Magazine - Nymag](https://nymag.com/news/features/steven-a-cohen-2014-6/)
[Steve Cohen -- Deep Capture](https://www.deepcapture.com/2009/12/steve-cohen-the-anti-midas/)
[Boomer Esiason unloads on Steve Cohen over GameStop madness (nypost.com)](https://nypost.com/2021/01/29/boomer-esiason-unloads-on-steve-cohen-over-gamestop-madness/)
[The Many Mansions Of Hedge Fund Billionaire Steve Cohen (forbes.com)](https://www.forbes.com/sites/morganbrennan/2013/09/04/billionaire-property-portfolio-steve-cohens-castles/?sh=a514e373de72)
[Back in the 90's, Cohen made an appearance on a talks show | BusinessInsider India](https://www.businessinsider.in/finance/wall-street/the-rise-and-fall-of-steve-cohen/slidelist/25236673.cms#slideid=25236689)
[The Most Powerful Trader on Wall Street You've Never Heard Of - Bloomberg](https://www.bloomberg.com/news/articles/2003-07-20/the-most-powerful-trader-on-wall-street-youve-never-heard-of)
[Steve Cohen's Point72 Hedge Fund Loses 10-15% This Month - Bloomberg](https://www.bloomberg.com/news/articles/2021-01-27/cohen-s-point72-loses-10-15-amid-month-s-hedge-fund-carnage)
[Accuser in Point72 discrimination suit firm fears bad publicity (nypost.com)](https://nypost.com/2018/02/16/accuser-in-point72-sex-discrimination-suit-says-firm-fears-bad-publicity/)
[Point72 reshuffles management in wake of lawsuit (stamfordadvocate.com)](https://www.stamfordadvocate.com/business/article/Point72-reshuffles-management-in-wake-of-lawsuit-12906924.php)
[Now hedge funds are hiring technologists in Poland too | eFinancialCareers (efinancialcareers-gulf.com)](https://www.efinancialcareers-gulf.com/news/2020/08/point72-hiring-warsaw)
[Steve Cohen's Twitter nightmare may be bad for Trevor Bauer (nypost.com)](https://nypost.com/2021/01/30/steve-cohens-twitter-nightmare-may-be-bad-for-trevor-bauer/)

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Good Morning GME This Mornings Edition of Hedge Fund Bad News: UBS: A Legacy of Finance Crime
=============================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/GME/comments/mh6boe/good_morning_gme_this_mornings_edition_of_hedge/) |
---
[News 📰](https://www.reddit.com/r/GME/search?q=flair_name%3A%22News%20%F0%9F%93%B0%22&restrict_sr=1)
This morning I was going to write about Credit Suisse. However, last night as I trolling reddit before I went to sleep I came across another ape's post (Link Below). It was essentially a Research paper on UBS. As I was reading it I was clutching my pearls! This Hedge Fund is like the King Koopa of Hedge funds and males Citadel and Point72 look like the Hammer Brothers. For those that are thirsty for some for dirt, this is your morning!
UBS Group AG has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds 92,200 call options valued at $1,737,000 USD and 3,815,800 put options valued at $71,890,000 USD. <https://fintel.io/so/us/gme/ubs>
(small delay in posting this, I had a crime that shall not be named that was causing automod to delete immediately upon posting)
from: [u/throwawaylurker012](https://www.reddit.com/u/throwawaylurker012/)
<https://www.reddit.com/r/GME/comments/mgvomz/gme_player_profile_ubs_naked_shorts_2011s_adoboli/?utm_source=share&utm_medium=web2x&context=3>
A quick summary of that post: UBS has a lot of problems with the legality of the law. A LOT. If your looking for something more in depth than this little post, [u/throwawaylurker012](https://www.reddit.com/u/throwawaylurker012/) has what your looking. It's a truly deep dive into the business and the people who run UBS. While I give a quick look at each hedge fund involved in the morning. That post is really great if you really want to know the most you can. I do encourage you to read it.
As always Remember:
1. Don't post positions (Breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
So here we go!! so who is UBS?
UBS AG, abbreviation of United Bank of Switzerland AG, major bank formed in 1998 by the merger of two of Switzerland's largest banks, the Swiss Bank Corporation and the Union Bank of Switzerland. <https://www.britannica.com/topic/UBS-AG>
UBS Group AG has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds 92,200 call options valued at $1,737,000 USD and 3,815,800 put options valued at $71,890,000 USD . <https://fintel.io/so/us/gme/ubs>
UBS has done it all! Manipulations, short selling etc. If it's illegal in the finance, banking, and investment industry, you can bet your bottom dollar they have done it.
<https://stopnakedshortselling.org/2011/10/article-ubs-comes-up-short-fined-12-million-by-finra-for-systemic-supervisory-failure/>
<https://stopnakedshortselling.org/2011/10/article-ubs-will-pay-12m-over-naked-shorts-2/>
<https://stopnakedshortselling.org/2012/09/article-ubs-rogue-traders-2-3-billion-naked-gamble-nearly-destroyed-bank-court-told/>
<https://stopnakedshortselling.org/2013/01/article-ubs-risk-management-fiasco-illustrates-hidden-big-bank-it-time-bombs/>
<https://stopnakedshortselling.org/2013/02/article-ubs-finra-and-naked-short-selling-duration-scope-and-volume-of-the-trading-created-a-potential-for-harm-to-the-integrity-of-the-market-2/>
<https://stopnakedshortselling.org/2013/05/article-ubs-in-theory-a-conspiracy-to-naked-short-tens-of-millions-of-shares-2/>
<https://stopnakedshortselling.org/2014/11/article-50k-wrapped-in-newspaper-computer-with-2-hard-drives-diamonds-hidden-in-toothpaste-tube-trial-of-former-ubs-executive-dredges-up-swiss-banks-shady-past/>
<https://stopnakedshortselling.org/2015/05/article-ubs-to-pay-over-500-million-in-fines-for-manipulating-currencies-and-libor/>
<https://stopnakedshortselling.org/2015/05/article-ubs-to-pay-over-500-million-in-fines-for-manipulating-currencies-and-libor/>
<https://stopnakedshortselling.org/2015/05/article-ubs-pays-545m-to-settle-foreign-exchange-probe/>
<https://stopnakedshortselling.org/2015/05/article-four-banks-plead-guilty-to-foreign-exchange-collusion-ubs-pleads-guilty-to-wire-fraud/>
<https://stopnakedshortselling.org/2015/05/article-barclays-citicorp-jpmorgan-rbs-and-ubs-enter-guilty-pleas-stemming-from-collusion-and-fraud-in-foreign-exchange-market-banks-agree-to-pay-more-than-5-8-billion-in-fines-for-misconduct/>
<https://stopnakedshortselling.org/2015/06/article-ubs-fined-12m-for-system-failures-surrounding-nakes-short-selling/>
<https://stopnakedshortselling.org/2015/12/article-six-former-ubs-forex-staff-banned-by-swiss-watchdog/>
<https://stopnakedshortselling.org/2016/02/article-uk-subsidiary-of-russian-state-bank-vtb-reported-to-serious-fraud-office-over-vivacom-sale/>
<https://stopnakedshortselling.org/2018/01/article-us-regulators-to-fine-ubs-deutsche-bank-hsbc-for-spoofing-and-manipulation-sources/>
<https://stopnakedshortselling.org/2018/01/article-u-s-cftc-to-fine-ubs-deutsche-bank-hsbc-for-spoofing-manipulation-sources/>
<https://stopnakedshortselling.org/2018/01/article-us-fines-deutsche-bank-ubs-and-hsbc-over-market-manipulation/>
<https://stopnakedshortselling.org/2018/04/article-ex-ubs-trader-beats-market-manipulation-charge/>
<https://stopnakedshortselling.org/2018/10/fined-ubs-financial-services-inc-fined-by-finra/>
<https://stopnakedshortselling.org/2018/12/article-ubs-fined-15-million-over-anti-money-laundering-systems/>
<https://stopnakedshortselling.org/2018/12/article-ubs-agrees-to-pay-68m-in-multistate-settlement-over-libor-manipulation-claims/>
<https://stopnakedshortselling.org/2019/05/article-citi-jpmorgan-ubs-face-forex-cartel-class-action-in-australia/>
<https://stopnakedshortselling.org/2019/05/article-citi-jpmorgan-ubs-face-forex-cartel-class-action-in-australia/>
<https://stopnakedshortselling.org/2019/05/article-citi-jpmorgan-ubs-face-forex-cartel-class-action-in-australia/>
<https://stopnakedshortselling.org/2020/11/article-ubs-refuses-to-produce-trading-data-in-hft-market-manipulation-case/>
<https://stopnakedshortselling.org/2021/02/article-cibc-bank-of-america-ubs-and-td-bank-stand-accused-of-coordinating-abusive-naked-short-selling-and-spoofing-strategies-2/>
That is Just 2011 to present.
This reads like a criminal rap sheet. You got money laundering, currency manipulation, market manipulation, libor manipulation, spoofing, collusion, insider trading. I didn't even have to go outside [stopnakedshortselling.org](https://stopnakedshortselling.org/). UBS has 15, that's right FIFTEEN PAGES!
starting on page 3 here: <https://stopnakedshortselling.org/page/3/?s=UBS>
TL;DR
UBS IS THE Megalodon shark among the White Tip and Nurse Sharks.
And As Always, Remember:
1. Don't post positions (Breaks [r/GME](https://www.reddit.com/r/GME/) Rules)
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
Have A Great GME Day!
Side note - will always post in the new section unless mods deem these good enough for DD.

190
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Good Morning Simians! In Todays Edition of Hedge Fund Bad News, We take a look of the sorted history of Goldman Sachs and the CEO David Solomon
===============================================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mkm94d/good_morning_simians_in_todays_edition_of_hedge/) |
---
[News 📰](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%22&restrict_sr=1)
I hope everyone had a great holiday weekend. I hope everyone got the three F's they needed, Fun Family, and Food! Ahhhhh see I got you! You thought one of those was gonna rhyme with truck didn't you?! If you did get the fourth f, good on you! ( I do try my best to amuse 1st thing in the morning.) Anyway, today we a going to investigate Goldman Sachs and their CEO David Solomon.
Always Remember:
1. Don't post positions
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
Who/What is Goldman Sachs?
<https://en.wikipedia.org/wiki/Goldman_Sachs>
Goldman Sachs was founded in New York City in 1869 by [Marcus Goldman](https://en.wikipedia.org/wiki/Marcus_Goldman).[[11]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-11) In 1882, Goldman's son-in-law [Samuel Sachs](https://en.wikipedia.org/wiki/Samuel_Sachs) joined the firm.[[12]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-12)[[13]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-13) In 1885, Goldman took his son Henry and his son-in-law Ludwig Dreyfuss into the business and the firm adopted its present name, Goldman Sachs & Co.[[14]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-14) The company pioneered the use of [commercial paper](https://en.wikipedia.org/wiki/Commercial_paper) for entrepreneurs and joined the [New York Stock Exchange](https://en.wikipedia.org/wiki/New_York_Stock_Exchange) (NYSE) in 1896.[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15) By 1898, the firm's capital stood at $1.6 million.[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15)
Goldman entered the [initial public offering](https://en.wikipedia.org/wiki/Initial_public_offering) market in 1906 when it took [Sears, Roebuck and Company](https://en.wikipedia.org/wiki/Sears,_Roebuck_and_Company) public.[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15) The deal was facilitated by Henry Goldman's personal friendship with [Julius Rosenwald](https://en.wikipedia.org/wiki/Julius_Rosenwald), an owner of Sears.[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15) Other IPOs followed, including [F. W. Woolworth](https://en.wikipedia.org/wiki/F._W._Woolworth_Company) and [Continental Can](https://en.wikipedia.org/wiki/Continental_Can).[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15) In 1912, Henry S. Bowers became the first non-member of the founding family to become a partner of the company and share in its profits.[[15]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-Cohan2012-15)
The bank is one of the [largest investment banking enterprises](https://en.wikipedia.org/wiki/List_of_investment_banks) in the world by revenue,[[3]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-3) and is a [primary dealer](https://en.wikipedia.org/wiki/Primary_dealer) in the [United States Treasury security](https://en.wikipedia.org/wiki/United_States_Treasury_security) market and more generally, a prominent [market maker](https://en.wikipedia.org/wiki/Market_maker). It is considered a [systematically important bank](https://en.wikipedia.org/wiki/Systemically_important_financial_institution) by the [Financial Stability Board](https://en.wikipedia.org/wiki/Financial_Stability_Board). The group also owns Goldman Sachs Bank USA, a [direct bank](https://en.wikipedia.org/wiki/Direct_bank). Goldman Sachs was founded in 1869 and is headquartered at [200 West Street](https://en.wikipedia.org/wiki/200_West_Street) in [Lower Manhattan](https://en.wikipedia.org/wiki/Lower_Manhattan) with additional offices in other international financial centers.[[4]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-4)
As a result of its involvement in securitization during the [subprime mortgage crisis](https://en.wikipedia.org/wiki/Subprime_mortgage_crisis), Goldman Sachs suffered during the [financial crisis of 2007--2008](https://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%932008),[[5]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-5)[[6]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-6) and received a $10 billion investment from the [United States Department of the Treasury](https://en.wikipedia.org/wiki/United_States_Department_of_the_Treasury) as part of the [Troubled Asset Relief Program](https://en.wikipedia.org/wiki/Troubled_Asset_Relief_Program), a financial [bailout](https://en.wikipedia.org/wiki/Bailout) created by the [Emergency Economic Stabilization Act of 2008](https://en.wikipedia.org/wiki/Emergency_Economic_Stabilization_Act_of_2008). The investment was made in November 2008 and was repaid in June 2009.[[7]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-7)[[8]](https://en.wikipedia.org/wiki/Goldman_Sachs#cite_note-NewYorkTimes2009June17-8)
Several [former employees](https://en.wikipedia.org/wiki/List_of_former_employees_of_Goldman_Sachs) of Goldman Sachs [have moved on](https://en.wikipedia.org/wiki/Revolving_door_(politics)) to work in government positions. Notable examples include former U.S. Secretaries of the Treasury [Steven Mnuchin](https://en.wikipedia.org/wiki/Steven_Mnuchin), [Robert Rubin](https://en.wikipedia.org/wiki/Robert_Rubin), and [Henry Paulson](https://en.wikipedia.org/wiki/Henry_Paulson); former Under Secretary of State [John C. Whitehead](https://en.wikipedia.org/wiki/John_C._Whitehead); former chief economic advisor [Gary Cohn](https://en.wikipedia.org/wiki/Gary_Cohn_(investment_banker)); [Governor of New Jersey](https://en.wikipedia.org/wiki/Governor_of_New_Jersey) [Phil Murphy](https://en.wikipedia.org/wiki/Phil_Murphy) and former [Governor of New Jersey](https://en.wikipedia.org/wiki/Governor_of_New_Jersey) [Jon Corzine](https://en.wikipedia.org/wiki/Jon_Corzine); former [Prime Minister of Italy](https://en.wikipedia.org/wiki/Prime_Minister_of_Italy) [Mario Monti](https://en.wikipedia.org/wiki/Mario_Monti); former [European Central Bank](https://en.wikipedia.org/wiki/European_Central_Bank) President [Mario Draghi](https://en.wikipedia.org/wiki/Mario_Draghi); former [Bank of Canada](https://en.wikipedia.org/wiki/Bank_of_Canada) and Bank of England Governor [Mark Carney](https://en.wikipedia.org/wiki/Mark_Carney); British [Chancellor of the Exchequer](https://en.wikipedia.org/wiki/Chancellor_of_the_Exchequer) [Rishi Sunak](https://en.wikipedia.org/wiki/Rishi_Sunak); and the former [Prime Minister of Australia](https://en.wikipedia.org/wiki/Prime_Minister_of_Australia) [Malcolm Turnbull](https://en.wikipedia.org/wiki/Malcolm_Turnbull). In addition, former Goldman employees have headed the [New York Stock Exchange](https://en.wikipedia.org/wiki/New_York_Stock_Exchange), the [London Stock Exchange Group](https://en.wikipedia.org/wiki/London_Stock_Exchange_Group), the [World Bank](https://en.wikipedia.org/wiki/World_Bank), and competing banks such as [Citigroup](https://en.wikipedia.org/wiki/Citigroup) and [Merrill Lynch](https://en.wikipedia.org/wiki/Merrill_Lynch).
Who is David Solomon? AkA DJ D-SOL (interesting hobby) <https://en.wikipedia.org/wiki/David_M._Solomon>
<https://stopnakedshortselling.org/2020/05/subject-david-m-solomon/>
David Michael Solomon (born c. 1962) is an American [investment banker](https://en.wikipedia.org/wiki/Investment_banking), who currently serves as [chief executive officer](https://en.wikipedia.org/wiki/Chief_executive_officer) (CEO) of [Goldman Sachs](https://en.wikipedia.org/wiki/Goldman_Sachs), a position he has held since October 2018. He has also been chairman of the bank since January 2019.[[3]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-:2-3) Before assuming his role as CEO, Solomon was president and chief operating officer from January 2017 to September 2018, and was joint head of the investment banking division from July 2006 to December 2016. Solomon formally succeeded [Lloyd Blankfein](https://en.wikipedia.org/wiki/Lloyd_Blankfein), the previous chief executive, on October 1, 2018, and was named chairman after Blankfein's retirement.[[4]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-4)
Solomon also recreationally produces [electronic dance music](https://en.wikipedia.org/wiki/Electronic_dance_music) (EDM) records under the [stage name](https://en.wikipedia.org/wiki/Stage_name) DJ D-Sol ([/diː sɑːl/](https://en.wikipedia.org/wiki/Help:IPA/English)[*dee-saul*](https://en.wikipedia.org/wiki/Help:Pronunciation_respelling_key)).[[nb 1]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-9) He has performed at nightclubs and [music festivals](https://en.wikipedia.org/wiki/Music_festival) around New York, [Miami](https://en.wikipedia.org/wiki/Miami), and [The Bahamas](https://en.wikipedia.org/wiki/The_Bahamas).[[9]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-djsol-10)[[10]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-11) He released his debut single, "Don't Stop" with an extended version on [Spotify](https://en.wikipedia.org/wiki/Spotify) in June 2018.
Solomon performs regularly as a [disc jockey](https://en.wikipedia.org/wiki/Disc_jockey) under the stage name "DJ D-Sol" (*pronounced D-soul*) producing a variety of [electronic dance music](https://en.wikipedia.org/wiki/Electronic_dance_music) (EDM).[[44]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-45)[[45]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-46) He has performed at nightclubs and [music festivals](https://en.wikipedia.org/wiki/Music_festival) around New York, [Miami](https://en.wikipedia.org/wiki/Miami), and [the Bahamas](https://en.wikipedia.org/wiki/The_Bahamas).[[9]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-djsol-10) Solomon maintains the [Instagram](https://en.wikipedia.org/wiki/Instagram) account "@davidsolomonmusic" to catalogue his exploits as a music producer.[[2]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-auto-2) In June 2018, he released a cover of the [Fleetwood Mac](https://en.wikipedia.org/wiki/Fleetwood_Mac) song, "[Don't Stop](https://en.wikipedia.org/wiki/Don%27t_Stop_(Fleetwood_Mac_song))".[[46]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-47) The song was originally played on [Sirius XM](https://en.wikipedia.org/wiki/Sirius_XM_Holdings)'s [BPM: Electronic Dance Music Hits](https://en.wikipedia.org/wiki/BPM_(Sirius_XM)) the previous January.[[47]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-48) "Don't Stop" was listed in Spotify's 263,361-follower playlist "Happy Summer Beats".[[48]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-:0-49) His Spotify profile has 550,000 monthly listeners with his debut single garnering 8 million listens.[[49]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-50) Shortly after his debut release Solomon opened a [SoundCloud](https://en.wikipedia.org/wiki/SoundCloud) account where he posts extended [musical sets](https://en.wikipedia.org/wiki/Audio_mixing_(recorded_music)) and concert performances.[[50]](https://en.wikipedia.org/wiki/David_M._Solomon#cite_note-51) His most recent release, "Someone Like You" peaked at #4 on the [*Billboard* Dance Club Chart](https://en.wikipedia.org/wiki/Dance_Club_Songs) in November 2020.
WE all have heard of Goldman Sachs, we already know a lot about them and their inclusion in the set of class actions filed almost immediately (like with in days of the "trading restrictions" in January). BUT who knew the CEO was an EDM DJ??? I mean talk about a split personality! I'm still trying to wrap my head around this. It's like oxymoron and ironic had baby! Additionally, he doesn't care if you like him. Look I'm not trying to paint a picture of a badass CEO who's actually a badass person. BUT So far that's what he looks like. Let us see if he still comes off as a cool badass after we take a look at how he runs Goldman.
So we have a little background, the basics. Now it's time for the bad press.
David Solomon:
He looks like a cool badass, in reality, he's an asshole. "David Solomon is the worst," one employee said referring to Solomon's management style. "No one likes him." Internal surveys showed that first-year analysts complain they are suffering mental health issues, sleep deprivation and other physical ailments because they are [forced to endure 100-hour-plus work weeks](https://nypost.com/2021/03/18/goldman-analysts-make-deck-begging-to-work-only-80-hours-a-week/) to keep up with a boom in trading and investment banking deals.
<https://nypost.com/2021/03/22/goldman-sachs-ceo-doesnt-care-if-you-hate-him/>
Gets pay cut in January 2021 for his part in 1Malaysia Development Brand. 36%
Prosecutors accused the bank's senior executives at the time of overlooking fraud and bribery in pursuit of hundreds of millions of dollars in fees for bond sales to raise money for the fund while working for Malaysia's then-Prime Minister Najib Razak and 1MDB advisor Jho Low, who is accused of masterminding the fraud.
The fund was pilfered by Najib to the tune of $700 million, cash that went into the prime minister's own private bank account, and proceeds from the bond sales were reportedly used to pay bribes to Malaysian and Middle Eastern officials.
<https://www.cnbc.com/2021/01/27/goldman-sachs-ceo-david-solomon-gets-10-million-pay-cut-over-1mdb.html>
Gets a 20% raise in March 2020 - Wow that didn't last long... All while the market is starting dive as corona virus starts to really show it's ugly head.
<https://www.forbes.com/sites/jackkelly/2020/03/23/goldman-sachs-ceo-david-solomon-received-a-20-raise-to-275-million-while-the-market-economy-and-job-market-crashed/?sh=7cad016d28a4>
Just because you're home doesn't mean you can work from somewhere really nice - like I do.
Few things annoyed Solomon more last year than an encounter with a junior employee in the Hamptons. The Goldman Sachs boss has told lieutenants how the underling walked up at a restaurant, introduced himself and pointed to associates with him -- in the middle of a workday.
The tale has become the CEO's go-to anecdote when he vents about his mostly-empty offices: proof that remote work has run amok.
Some who've heard the story note the apparent disconnect. The boss is perturbed by bumping into staff while he himself was spending extended summer weekends in the Hamptons at a luxe seaside rental. Solomon's time there even made national news after he deejayed a concert where attendees flouted social-distancing guidelines, leaving New York state officials fuming.
<https://www.bloomberg.com/opinion/articles/2021-03-15/goldman-sachs-ceo-david-solomon-wants-his-bankers-back-at-the-office>
The CEO of Goldman Sachs moonlights as a DJ and is even making (awful) dance tracks. We've had about enough of it. How electronic music is playing a vital -- and viral -- role in the whitewashing of Wall Street's most notorious bank. I don't even know how to summarize this one....
<https://5mag.net/features/david-solomon-goldman-sachs-dj/>
Goldman Sachs boss responds to leaked report into 'inhumane' working hours
The complaints suggested bankers at Goldman are still struggling with the long hours and high-pressure culture that was exposed when 22-year-old Goldman analyst Sarvshreshth Gupta took his own life in 2015. Gupta was found dead after complaining of working 100 hours a week and working all night.
<https://www.theguardian.com/business/2021/mar/22/goldman-sachs-boss-responds-to-leaked-report-into-inhumane-working-hours>
At face Value, He looks like a badass executive with an awesome hobby. Just like the rest of the power crazy jerks who run wall street, he's just another asshole who works his employees to literal death and accepts no responsibility.
What about Goldman Sachs as whole?
<https://stopnakedshortselling.org/2012/05/article-goldman-merrill-e-mails-show-naked-shorting-filing-says/>
[Case Sheds Light on Goldman's Role as Lender in short Shares](https://stopnakedshortselling.org/2012/05/article-goldman-merrill-e-mails-show-naked-shorting-filing-says/)
[Goldman, Morgan Stanley, and JP Morgan Named in Commodity Manipulation Investigation](https://stopnakedshortselling.org/2014/11/article-goldman-morgan-stanley-and-jp-morgan-named-in-commodity-manipulation-investigation/)
[What's Going On At Goldman? Another Senior Exec Just Jumped Ship](https://stopnakedshortselling.org/2021/03/article-whats-going-on-at-goldman-another-senior-exec-just-jumped-ship/)
[How Goldman And Other Wall Street Giants Loaned Billions To Someone Who Traded Like A Meme Stock Gambler](https://stopnakedshortselling.org/2021/03/article-how-goldman-and-other-wall-street-giants-loaned-billions-to-someone-who-traded-like-a-meme-stock-gambler/)
[Dick Flud's Vendetta Against Short-Sellers and Goldman Sachs](https://stopnakedshortselling.org/2008/10/article-dick-fulds-vendetta-against-short-sellers-and-goldman-sachs/)
[Goldman Sachs And Madoff - Paulson Shocked to Learn there's Gambling Going On In There](https://stopnakedshortselling.org/2009/01/web-goldman-sachs-and-madoff-mr-paulson-shocked-to-learn-theres-gambling-going-on-in-there/)
[SEC V. Goldman Sachs 2010](https://stopnakedshortselling.org/2010/05/filing-sec-v-goldman-sachs-execution-clearing-l-p/)
[450,000 fine for short selling](https://stopnakedshortselling.org/2010/06/article-goldman-sachs-to-pay-450000-fine-for-illegal-short-selling/)
[22 million fine for failures to supervise 2012](https://stopnakedshortselling.org/2012/04/fined-goldman-sachs-co-fined-by-finra-april-2012/)
[800,000 Finra Fine - Failing to prevent trade throughs, in its alternative trading system.](https://stopnakedshortselling.org/2014/07/fined-goldman-sachs-execution-clearing-l-p-fined-by-finra-july-2014/)
[Overstock V. Goldman Sachs 2014](https://stopnakedshortselling.org/2014/11/article-overstock-com-inc-v-goldman-sachs-co/)
["Easy To Borrow List To Be Discontinued"](https://stopnakedshortselling.org/2015/07/article-goldman-sachs-internal-memo-yesterday-easy-to-borrow-list-to-be-discontinued/)
[1.8 million fine from Finra 2015](https://stopnakedshortselling.org/2015/07/fined-goldman-sachs-execution-clearing-fined-by-finra/)
[SEC V. Goldman Sachs 2016](https://stopnakedshortselling.org/2016/01/filing-sec-v-goldman-sachs/)
[Stock lending Settlement 15 million to SEC](https://stopnakedshortselling.org/2016/01/article-goldman-sachs-to-pay-15-million-to-settle-sec-stock-lending-case/)
[Goldman Sachs NZ Trading Under Scrutiny In Market Manipulation Trial](https://stopnakedshortselling.org/2016/09/article-goldman-sachs-nz-trading-under-scrutiny-in-market-manipulation-trial/)
[110 million fine to settle New York FX Probe](https://stopnakedshortselling.org/2018/05/article-goldman-sachs-fined-110-million-to-settle-new-york-fx-probe/)
[Fined For Illegal Naked Short Selling in Korea](https://stopnakedshortselling.org/2018/11/article-goldman-sachs-fined-for-illegal-naked-short-selling-by-mistake-in-s-korea/)
[7.5 Million Won Fine for Short Selling In Korea - 63,000 American](https://stopnakedshortselling.org/2018/11/article-goldman-sachs-fined-for-illegal-naked-short-selling-by-mistake-in-s-korea/)
[Goldman Sachs is the 'Commander - and - Cheif' of Offshoring](https://stopnakedshortselling.org/2019/08/article-peter-navarro-goldman-sachs-is-the-commander-in-chief-of-offshoring/)
[Finra Fine 2019, and censure](https://stopnakedshortselling.org/2019/12/fine-goldman-sachs-co-llc-fined-by-finra/)
[Go After Goldman SAchs For False Account Entries and Unearned Commissions](https://stopnakedshortselling.org/2020/05/tip-go-after-goldman-sachs-for-false-account-entries-and-unearned-commissions/)
[Goldman Sachs Shorting the U.S. Dollar](https://stopnakedshortselling.org/2020/06/article-goldman-sachs-starts-shorting-the-dollar-as-economic-reopenings-boost-foreign-currencies/)
[Sachs Agrees to pay 2.9 billion in Foreign Bribery Case](https://www.justice.gov/opa/pr/goldman-sachs-charged-foreign-bribery-case-and-agrees-pay-over-29-billion)
Goldman Sachs either doesn't care about bad press, or just doesn't care if they get caught in General.
TL;DR
Goldman is shady as fuck and doesn't care about getting caught. CEO is an asshole.
Prior Editions of Hedge Fund Bad Press:
[Point 72](https://www.reddit.com/r/gmeamcstonks/comments/mh7vje/point_72_from_3_days_ago_with_an_update_to/)
[UBS](https://www.reddit.com/r/GME/comments/mh6boe/good_morning_gme_this_mornings_edition_of_hedge/)
[Two Sigma](https://www.reddit.com/r/GME/comments/mghcrc/good_morning_gme_in_todays_edition_of_hedge_fund/)
Always Remember:
1. Don't post positions
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice

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Good Morning APES! Todays Edition of Hedge Fund Bad News: Credit Suisse (April 7, 2021)
=======================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/Ok_Safety_7710](https://www.reddit.com/user/Ok_Safety_7710/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mm47la/good_morning_apes_todays_edition_of_hedge_fund/gtp6rmu/?context=3) |
---
[News 📰](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22News%20%F0%9F%93%B0%22&restrict_sr=1)
I hope everyone is having a great day and has had a chance to cool down after the past couple of days events. I know I needed to. So, finally I make it to Credit Suisse.
links to previous editions of HFBN (Recaps: at the end in TL;TA; DR)
[Goldman Sachs](https://www.reddit.com/r/Superstonk/comments/mkm94d/good_morning_simians_in_todays_edition_of_hedge/)
[Point 72 & Steve Cohen](https://www.reddit.com/r/gmeamcstonks/comments/mh7vje/point_72_from_3_days_ago_with_an_update_to/)
[UBS](https://www.reddit.com/r/GME/comments/mh6boe/good_morning_gme_this_mornings_edition_of_hedge/)
[Two Sigma w/recap of Citadel/Griffin and Point 72/Cohen](https://www.reddit.com/r/GME/comments/mghcrc/good_morning_gme_in_todays_edition_of_hedge_fund/)
Always Remember:
1. Don't post positions
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice
Now on to the main dish, Credit Suisse.
Who are they?
Credit Suisse Group AG is a global wealth manager, [investment bank](https://en.wikipedia.org/wiki/Investment_banking) and [financial services](https://en.wikipedia.org/wiki/Financial_services) firm\
founded and based in [Switzerland](https://en.wikipedia.org/wiki/Switzerland). Headquartered in [Zürich](https://en.wikipedia.org/wiki/Z%C3%BCrich), it maintains offices in all [major financial centers ](https://en.wikipedia.org/wiki/Financial_centre)around the world and is one of the nine global "[Bulge Bracket](https://en.wikipedia.org/wiki/Bulge_Bracket)" banks providing services in [investment banking](https://en.wikipedia.org/wiki/Investment_bank), [private banking](https://en.wikipedia.org/wiki/Private_banking), [asset management](https://en.wikipedia.org/wiki/Asset_management), and [shared services](https://en.wikipedia.org/wiki/Shared_services). Credit Suisse is known for its strict [bank--client confidentiality](https://en.wikipedia.org/wiki/Bank_secrecy) and [banking secrecy](https://en.wikipedia.org/wiki/Banking_in_Switzerland) practices. It is considered a [systematically important bank](https://en.wikipedia.org/wiki/Systemically_important_financial_institution) by the [Financial Stability Board](https://en.wikipedia.org/wiki/Financial_Stability_Board). [Credit Suisse Wikipage](https://en.wikipedia.org/wiki/Credit_Suisse)
Who are the Executives?
Now isn't that the million dollar question. Currently all of the executives are departing as a result of the Archegos losses. Do we know the situation exactly...meh, not really. This could all be for show.
[CNBC Credit Suisse Execs Depart as Bank Details Archegos Loss](https://www.cnbc.com/2021/04/05/credit-suisse-investment-bank-head-chief-risk-officer-to-depart-sources-say.html) Don't worry I double checked with an additional sources[(Stop Naked Short Selling) People Moves: Facing the Funds Fallout Music, CS Changes, and More](https://stopnakedshortselling.org/2021/04/article-people-moves-facing-the-funds-fallout-music-cs-changes-chairs-and-more/) to confirm. Here is the link: [The Economic Times - English Edition, Two Credit Suisse Executives to Depart As Bank Details Archegos Losses; Report](https://economictimes.indiatimes.com/markets/stocks/news/credit-suisse-executives-to-depart-as-bank-details-archegos-losses-report/articleshow/81923415.cms) CNBC is pretty Vague. This article gives the name and ranks of those departing and defines how many. CRO Lara Warner and CEO Brian Chin are leaving. New executives are already being named and placed. Christian Meissner will replace Chin at the beginning of May. Joachim Oechslin is the newly appointed interim CRO - effective immediately.
What's The dirt?
[Turkey Fines Firms Over Short Selling Irregularities (Jan 2021)](https://stopnakedshortselling.org/2021/04/article-turkey-fines-firms-over-short-selling-irregularities/)
[SEC Opens Probe Into Archegos Chaos, Deutsche Bank Confirms 'Quick Sale' to Avoid All Losses (Mar 2021)](https://stopnakedshortselling.org/2021/03/articlesec-opens-probe-into-archegos-chaos-deutsche-bank-confirms-quick-sale-to-avoid-all-losses/)
[In Archegos Fire Sale, Credit Suisse, Nomura Burned By Slow Exit (Mar 2021)](https://stopnakedshortselling.org/2021/03/article-in-archegos-fire-sale-credit-suisse-nomura-burned-by-slow-exit/)
[After Taking $4.7 Billion Hit, Credit Suisse Executives Step Down (April 2021)](https://stopnakedshortselling.org/2021/04/article-after-taking-4-7-billion-hit-credit-suisse-executives-step-downs/)
["A Gigantic Cluster F**k: How Morgan Stanley Avoided $10BN in Archegos Losses By Selling First" (April 2021)](https://stopnakedshortselling.org/2021/04/article-a-gigantic-clusterfk-how-morgan-stanley-avoided-10bn-in-archegos-losses-by-selling-first/)
[Credit Suisse Faces Charges Additional Charges Over FX Markets Rigging (Mar 2021)](https://stopnakedshortselling.org/2021/03/article-credit-suisse-faces-additional-charges-over-fx-market-rigging/)
[Credit Suisse Gets Extra EU Charge Sheet in FX Rigging Probe (MAR 2021)](https://stopnakedshortselling.org/2021/03/article-credit-suisse-gets-extra-eu-charge-sheet-in-fx-rigging-probe/)
[Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop (Mar 2021)](https://stopnakedshortselling.org/2021/03/article-whistle-blower-says-credit-suisse-helped-clients-skip-taxes-after-promising-to-stop/)
[Credit Suisse to Pay $6.5 Mln for Direct Market-Access Violations (Dec 2020)](https://stopnakedshortselling.org/2019/12/article-credit-suisse-to-pay-6-5-mln-for-direct-market-access-violations/)
[Court Dismisses Some FX Rigging Claims Against Credit Suisse (Sept 2019)](https://stopnakedshortselling.org/2019/09/article-court-dismisses-some-fx-rigging-claims-against-credit-suisse/)
[FINRA, Exchanges Blast Credit Suisse Over Failure to Prevent Market Manipulation (Dec 2019)](https://stopnakedshortselling.org/2019/12/article-finra-exchanges-blast-credit-suisse-over-failure-to-prevent-market-manipulation/)
[FINRA and Major Exchanges Impose $6.5m Fine on Credit Suisse Securities over Supervisory Violations (Dec 2019)](https://stopnakedshortselling.org/2019/12/article-finra-and-major-exchanges-impose-6-5m-fine-on-credit-suisse-securities-over-supervisory-violations/)
[Credit Suisse Charged With Rigging Foreign Exchange Rates (Jan 2018)](https://stopnakedshortselling.org/2018/08/article-credit-suisse-charged-with-rigging-foreign-exchange-rates/)
[EU Regulators Charge Credit Suisse With Rigging FX Markets (Aug 2018)](https://stopnakedshortselling.org/2018/08/article-eu-regulators-charge-credit-suisse-with-rigging-fx-markets/)
[New York Fines Credit Suisse $135m Over Forex Manipulation (Nov 2017)](https://stopnakedshortselling.org/2017/11/article-new-york-fines-credit-suisse-135-mn-over-forex-manipulation/)
[Credit Suisse Tries To Overhaul Its Image, But Problems Remain (Jun 2016)](https://stopnakedshortselling.org/2016/06/article-credit-suisse-tries-to-overhaul-its-image-but-problems-remain/)
[Credit Suisse Fined 1.75M for Short Selling System Failures (Dec 2011)](https://stopnakedshortselling.org/2011/12/article-credit-suisse-fined-1-75m-for-short-selling-system-failures-2/)
[Credit Suisse Fined $1.75M for Breaking 'Naked' Short-Selling Rules (Dec 2011)](https://stopnakedshortselling.org/2011/12/article-credit-suisse-fined-1-75-million-for-breaking-naked-short-selling-rules-2/)
[FINRA V. Credit Suisse (Dec 2011)](https://stopnakedshortselling.org/2011/12/filing-finra-v-credit-suisse/)
[Credit Suisse Rapped for U.S. Lapses - $6.5M Fine (Dec 2011)](https://stopnakedshortselling.org/2011/12/article-credit-suisse-rapped-for-u-s-lapses/)
[Credit Suisse Hit with $24 Billion Fraud Lawsuit (Jan 2010)](https://stopnakedshortselling.org/2010/01/article-credit-suisse-hit-with-24-billion-fraud-lawsuit/)
[Credit Suisse Is Accused of Defrauding Investors in 4 Resorts (Jan 2010)](https://stopnakedshortselling.org/2010/01/article-credit-suisse-is-accused-of-defrauding-investors-in-4-resorts/)
[India Market Regulator Suspects Credit Suisse Of Manipulation (April 2001)](https://stopnakedshortselling.org/2001/04/article-india-market-regulator-suspects-credit-suisse-unit-of-manipulation/)
TL;TA;DR
Credit Suisse has a long history of market rigging , Fraud and manipulation. They can't seem to get their heads on Straight at all. Just plain Dumb and Thieves in the market. Have had fines issued in the United States and Abroad.
Recap of Previous HFBN:
Goldman is shady as fuck and doesn't care about getting caught. CEO is an asshole.
UBS reads like a criminal rap sheet. You got money laundering, currency manipulation, market manipulation, libor manipulation, spoofing, collusion, insider trading. I didn't even have to go outside [stopnakedshortselling.org](https://stopnakedshortselling.org/). UBS has 15, that's right FIFTEEN PAGES! UBS IS THE Megalodon shark among the White Tip and Nurse Sharks.
****UBS Group AG has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds 92,200 call options valued at $1,737,000 USD and 3,815,800 put options valued at $71,890,000 USD . <https://fintel.io/so/us/gme/ubs>
Recap: Citadel
Has gotten in trouble for using dark pools to manipulate the prices the stocks, has alleged ties to a coup taking over the Illinois state government, has previously been fined for market manipulations. Additionally, poaches staff from other hedge funds. Citadel has sued the SEC and the IEX president over a new method of order flow D-Limit. Ken Griffin also fires 10% of his employees every month for underperforming. Has a single piece of art that can cover the amount on money needed to pay shareholders in a squeeze. (Links to be provide at end - posted in another post, before starting the sort of daily hedge fund bad news began). Has a really good PR team. - Buys the rights to all the images of him, and tries their best to keep his personal life out of the press. Moreover, is skimming off the top of all trades that go through on PFOF. Bad Blood Between Citadel, SEC and other Hedge Funds.
Recap: Point 72's Steve Cohen
Been Fined and convicted of insider trading and failing to supervise staff engaged in insider trading. Has just recently come off a 4 year trading Freeze in china, has been sued for gender discrimination. got his ex-wife's fraud case against him dismissed, point72/Cohen has a long list of felonies. Cohen has even had a 2 year ban for trading for "failure to Supervise" assessed by the SEC and also paid them 135,000,000 fine. Has an Art Collection that can more than pay for squeeze.
Recap: Two Sigma, John Overdeck & David Seigel:
Basically decent human beings who got caught up in a bad trade. Still has a lot of put options on GME.
Always Remember:
1. Don't post positions
- No sharing positions i.e. 50 shares @ $90 avg
- No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
- Due to this rule assume that all Gain/Loss posts are fake
- This is a temporary rule which will eventually be dissolved
1. make no predictions
2. remove stop losses
3. remove your limit sells, instead set alerts.
5.Don't day trade GMEE [Article: Trading hot stocks like GameStop seems fun until you look beneath the surface -- Financial Treason & Crime (stopnakedshortselling.org)](https://stopnakedshortselling.org/2021/02/article-trading-hot-stocks-like-gamestop-seems-fun-until-you-look-beneath-the-surface/)
6\. this is not not financial or investment advice

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🚨Susquehanna is Sus🚨 The missing 🧩- Michael Burry's twitter, Citadel Frenemies, PFOF, and how they're hiding deep ITM options UPDATED FINTEL & BLOOMBERG FROM THIS AM CONFIRMS
=================================================================================================================================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Wallstreetbetsnew/comments/mli9vf/susquehanna_is_sus_the_missing_michael_burrys/?utm_medium=android_app&utm_source=share) |
---
[DD](https://www.reddit.com/r/Wallstreetbetsnew/search?q=flair_name%3A%22DD%22&restrict_sr=1)
TL;DR: Susquehanna is [sus](http://imgur.com/a/EzZB2vv)
Stay with me man I have a point I promise.
🚨UPDATE: SMOKING GUN [Bloomberg today](http://imgur.com/a/ZsK2Rur) #6 🤔🧐 [Updated FINTEL from this morning! ](https://fintel.io/sob/us/gme)yet the price didn't move accordingly 🙃
Many other wrinkly brain apes have done an excellent job on DD'ing Payment for Order Flow (PFOF). *If you are wrinkly brained, or are familiar with the top PFOF clients, skim on down to da apes.* 🦧
🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
TA;DR of that is.. Electronic Trading Firms like Robinhood can provide free trading services because companies like the ones outlined below are paying them for their order flow, thus PFOF.
These firms engage in high-frequency trading using advanced computer algorithms. They also serve as market makers, providing trading services for investors that helps promote market liquidity.
We know Citadel is the largest customer paying for this information, accounting for over 40% of overall PFOF. Options accounted for approximately 60.9% of the payments for order flow in 2020.
So who are the other key players?
Here are some of the [biggest industry players using PFOF](https://www.lexology.com/library/detail.aspx?g=863806a4-7ec4-4d3e-a5f6-b760b08009f4):
Citadel Securities
Susquehanna International Group see footnote for deets*
Virtu Financial (more on them in another post)
Wolverine Trading Company
Jane Street
Two Sigma Investments
Brokerage firms typically have prearranged agreements with market maker firms, such as Citadel, Virtu, and Susquehanna. These Electronic Trading firms will then compete for the order flow. They make their money through the difference between the buy and sell price, which they largely control through their fast paced trading algos.
It's worth noting that 2020 recorded record breaking profits due to a historic rise in retail trading participants via apps like RH. Lots of new money for Citadel, Sus, and friends.
And don't forget that [22% of $USD in circulation were printed in 2020.](https://www.cityam.com/almost-a-fifth-of-all-us-dollars-were-created-this-year/) Money printer go brrrrrrr.
🦧🦧🦧🦧🦧🦧🦧🦧🦧🦧
Now, with all that ELIApe out of the way, let's put on some tin foil hats shall we?
Paging [u/glide_si](https://www.reddit.com/u/glide_si/) and [u/boneywankenobi](https://www.reddit.com/u/boneywankenobi/) and their awesome posts, which I quote directly and shamelessly here. I'm not as smart as them.
In the [posts](https://www.reddit.com/r/GME/comments/mk3gcd/call_memaybe_why_the_massive_volume_of_deep_itm/?utm_medium=android_app&utm_source=share) I mentioned earlier, they reference Citadel's fuckery being hidden in deep ITM options. The contracts are mostly routed through PHLX. PHLX engages in Single Leg Floor Trades- a transaction representing a non-electronic trade executed on a trading floor. Execution of paired and non-paired auctions and cross orders on an exchange floor are also included in this category.
So these trades are occuring via brokers who are physically present at the Philadelphia Exchange or PHLX.
Remember Susquehanna International group?
[Here's where their office is](https://www.google.com/maps/place/Susquehanna+International+Group+LLP,+401+City+Ave+%23220,+Bala+Cynwyd,+PA+19004/@39.9211667,-75.0974258,11z/data=!4m5!1m2!2m1!1ssusquehanna+international+group+office+location!3m1!1s0x89c6b89d387b6871:0x623bca19e44c3716?hl=en-US)
[Here's where PHLX is](https://www.google.com/maps/place/Nasdaq+OMX+PHLX,+4775+League+Island+Blvd,+Philadelphia,+PA+19112/@39.9195072,-75.1243392,11z/data=!4m5!1m2!2m1!1sPhiladelphia+exchange!3m1!1s0x89c6c593b5e7fbad:0x123a0bdf7e3acc06?hl=en-US)
Neighbors!
Why, I bet the sus people working at Susquehanna could probably *walk to PHLX and exchange fuckery in person!*
⚠️Did you see the update? Sus just happens to have lots of shiny new positions in GME! ⚠️
So, what does Dr. Michael Burry have to do with this? Warning: rabbit hole incoming...
Dr. Michael Burry's twitter is [gone.](https://twitter.com/BurryArchive?s=09) He deleted the entire account. Sure, he regularly nukes his content and he gets visited by the SEC like every other week but this is different. Everything is gone except what we can see in the archives.
I have [posted](https://www.reddit.com/r/GME/comments/mhh9kn/reading_the_everything_short_dd_and_michael/?utm_medium=android_app&utm_source=share) several times before about Dr. MJB. I guess it's turning into an obsession, but this man is trying to tell us something and myself and a few other apes are dedicated to finding out wtf he's trying to say, considering we apes are the only ones that will listen without scoffing.
On April 1, after having nuked his account but leaving us a little clue link in his bio, [he made a seemingly irrelevant post about a charity](http://imgur.com/a/pXK1DM1), The Fletcher Street Urban Riding Club. It was a link to a gofundme to "Help FSURC get back in the saddle!" So who is this organization? [Let's look](http://fsurc.com/).
There's a documentary about this particular brand of hedgie fuckery on Netflix called [Concrete Cowboy](https://www.netflix.com/title/81368729?preventIntent=true). *Full disclosure- I haven't watched it yet, just stumbled on it in my research* History lesson aside, FSURC is a riding club for black youth in the Philadelphia area. I'm not going to go into the group's mission itself, because that is irrelevant to this write up (but go look them up when you have time. Great group with an amazing mission.) But this group operates on land which is slated to be turned to a housing complex by the city of Philly. FSURC never owned this land upon which they graze, the city does. And in 2020, the land was sold for $1 to the Susquehanna Housing Authority, who plans to create affordable housing for seniors. Remember this land is located in North Philadelphia, PA.
Wait, what? I need a wrinkle brain here. Was MJB just hoping we'd find the word Susquehanna and realize the connection, then start digging, as a*tists tend to do? Does this go deeper into [Real Estate fuckery](https://www.wsj.com/articles/citadel-ceo-ken-griffin-real-estate-11602188980), which would explain [Ken Griffin's most expensive real estate transaction in history](https://www.businessinsider.com/ken-griffin-most-expensive-home-ever-sold-us-nyc-penthouse-2019-1)? 🤷‍♀️
My extra tin foil hat theory is that's the reason Burry tweeted what he did. To say they would be the first big domino to fall in our market. And because he knows we are still looking and digging 🧐
Seriously guys, help me find the next puzzle piece please. I only have exactly 3 wrinkles.
Edit: From what I can tell, all signs are pointing to Susquehanna being involved in hiding the illegal shorts in deep ITM calls of GME. I also think the real estate market is in more danger than ever. I'm touching outside my own comprehension but this seems like something much bigger than I understand. I've called for big brain gorilla backup. I welcome criticism though I'm still fairly new and out of my element. I'm just really good at cryptic puzzles games 🤷🏼‍♀️
If nothing else, I want all this clearly documented and mapped for the purpose of continuing to contact my representatives with evidence.
Obligatory 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀
*Footnote:
Susquehanna International Group, LLP offers institutional brokerage services such as trading, quantitative research, technology, and fundamental research services, as well as offers trading dynamics, market structure, and risk management services. They are specialists in approximately 600 equity options and 45 index options. Their last 13F filing for Q4 in 2020 included $612,xxx,xxx,xxx in managed 13F securities.
They also have large holdings in [silver](https://finance.yahoo.com/quote/AG/holders/)
And their biggest holding? TSLA. 57,415,900 in puts and 47, 178,800 in calls. Just an interesting aside to me. Updated: now holding lotsa new GME stuffs

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Susquehanna is Sus part 2- ELIA🦍The OCC-801 and the Susquehanna comment
========================================================================
| Author | Source |
| :-------------: |:-------------:|
| [u/pinkcatsonacid](https://www.reddit.com/user/pinkcatsonacid/) | [Reddit](https://www.reddit.com/r/Superstonk/comments/mmgokd/susquehanna_is_sus_part_2_eliathe_occ801_and_the/) |
---
[Serious DD 👨‍🔬🔬](https://www.reddit.com/r/Superstonk/search?q=flair_name%3A%22Serious%20DD%20%F0%9F%91%A8%E2%80%8D%F0%9F%94%AC%F0%9F%94%AC%22&restrict_sr=1)
*TL;DR: Sus wants OCC to act as its personal insurance/rainy day account in the event they get caught at the Casino betting more than the house. They are avoiding margin call just as much as Citadel. If 003 passes, they not only get margin called along with Citadel, they are subject to the exact same panty raid that will befall Kenny and all his belongings in his golden kingdom. Sus only has a kingdom on paper, and as long as the rules stand as currently written. If you change the rules, they are no longer players in the game. Their comment seeks to stop that.*
In the hours and days following my post [Susquehanna is Sus](https://www.reddit.com/r/Wallstreetbetsnew/comments/mli9vf/susquehanna_is_sus_the_missing_michael_burrys/?utm_medium=android_app&utm_source=share) going up, we have learned, in short, that they are [V sus.](http://imgur.com/a/EzZB2vv)
Then I read the Susquehanna International Group comments on SR-OCC-2021-801 🧐 Which was [passed today.](https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sec.gov/rules/sro/occ/2021/34-91491.pdf&ved=2ahUKEwiQxrPNvu3vAhVbbc0KHQzvAXYQFjAAegQIBxAC&usg=AOvVaw3XnWmA5OCyUF1ZoToM3B8L)
So let's talk about OCC 801 first. What it *DOESN'T* do is margin call anybody. Let's be clear about that. The margin call rule is the NSCC801\. The 801 of today is not a standalone catalyst. What it *does* do is open for discussion the rule (003) that will build a firewall of protection around OCC's other members; i.e. protection from the flames of a burning hedgie(s).
Members of the OCC pay into a community pot. If any player gets sent directly to jail, the OCC draws from this free parking loot bag and pays up the damages, as a hedge of protections and form of insurance for all the "innocent" members. OCC is the custodian of this account.
Now, members still have access to however much they've contributed to this pot, but what SR-OCC-2021-004 does, is starts talking about an auction process for liquidating Kenny boy's assets to pay his debts instead of pulling from OCC funds first, which is a big statement. That, in my opinion, will be the catalyst.
Ok so I'm getting sidetracked. We came here to shit talk Susquehanna.
They decided to bitch about SR-OCC-2021-801/003.
But... I thought we were talking about OCC-801? Why moar numbers, pink?!?!? 😭
Because think of it this way. OCC-801 is Pikachu. OCC-003 is [Raichu](http://imgur.com/a/Z5d1tH9). So 801 is the first evolution of the rule. (Which was approved by SEC today!) The middle of this evolution is the discovery period wherein the public can make comments. THIS IS WHERE SUS COMES IN. And eventually the evolution completes with the passing of rule 003/Raichu. This is extremely generalized but you get the idea. The fact that Sus commented means that 003 is now delayed until May 31 (*DO NOT GIVE A SECOND THOUGHT TO THIS DATE OUTSIDE OF ITS INTENDED MEANING*). This rule was originally set to automatically take effect in April.
So Susquehanna International Group filed a comment. That means the train is fucking halted until the issues raised are addressed. What are the issues raised? I won't bore you with their unnecessarily big words. Basically;
Sus wants OCC shareholders to get burned the worst and carry the most consequences (and pay the repercussions) in the event of a member default, instead of the member themselves being the one burned to the ground. Remember that free parking pot of money? Sus claims that violates one of OCC's rule - 17A(b)(3)(F)- and pretty much is under-regulated and carries too much incentive for the OCC to keep in the current account, as is. (Essentially saying it becomes a net positive on their books, thus benefitting the shareholders by making the OCC appear more fiscally valuable on paper.) Sus claims the money should rightfully be moved to a more restricted, controlled account, which does not contribute to the OCC books, and only pays out in the event of a member default.
This comment is a desperate attempt to find issue where there should be none. They attempt to pin it on the fact that SLDs would raise the fees per transaction. What they're really saying if you read between the lines is, please don't pass this rule. If you pass this, we r fuk 2.
All this comment did was perhaps bring about a minor amendment to 003 before its passing. It also kicked that can down the road to May 31 before it will automatically pass, but I have no doubt it will enact much sooner *because it can be approved and enacted at anytime*. OCC is lining up their hedge of protection from the hedgie fire by approving the rules in this way. They are literally building a moat around their castle.
In my opinion, the OCC is frantically trying to get their moat built before the fire rages. That's why we're seeing stale price action and volume right now. They are delaying the inevitable while they get these ducks (rules) in a row. Signing off on the 003 rule is essentially saying "ok we've done all we can to prepare. We're ready." They have duct tape over the hole in the titanic. Or maybe it's flex seal. Either way, the titanic is still going down.
Remember the scene in the Big Short where Dr. Burry is trying to exit his positions but the bank won't call him back for days because they are setting themselves up a lifeboat before allowing anyone else on. This is precisely what we are witnessing now.