user avatar
Susanne Trimbath PhD
@SusanneTrimbath
Joined April 2009
Posts
  • Pinned
    user avatar
    Short selling is NOT essential to capital market functionality:
    Short selling undermines innovation-driven economic growth. "In Korea, when an innovative company grows rapidly, anxiety about 'becoming the next short selling target' arises before any expectation of 'a Korean Tesla emerging.' This anxiety is not overblown, because the Korean
  • user avatar
    "Market maker" = code for creating phantom shares by 1) taking your buy order, 2) not getting shares at settlement to deliver to you, but 3) requiring your cash payment anyway.
    Replying to @citsecurities
    Citadel Securities was the only major market maker during this time that provided continuous liquidity every minute of every trading day.
  • user avatar
    I updated my profile to reflect my new title as #QueenKong! Thank you
  • user avatar
    I hear Citadel Securities is on the menu at the 2022 Predators' Ball. 🤔
  • user avatar
    How to end phantom shares: 1) Fine$ + margin call$ for FTDs [NO waivers at NSCC's whim] 2) Mandatory Buy-In 3) If Buy-In fails, raise offer$ until it closes. 4) Suspend & close accounts of brokers who FTD >3x/month: Sec&Exch Act 1934, §17A.a.5.(C)
  • user avatar
    🤡 Gensler, today about 35:49: "We don't write the laws. Congress writes the laws...We stay within the law." 💣 Trimbath: "Then why not enforce Sec&Exch Act 1934, §17A.a.5.(C) to suspend & close DTCC accounts of brokers who FTD?"
  • user avatar
    This was a fun and rewarding experience. I ❤ getting the perspective of 🦍🦍🦍 who have a wide range of knowledge and experience. Always happy to teach those who are willing to learn. #Superstonk
  • user avatar
    Me and Carl Hagberg in 2004. 🦍💪
  • user avatar
    ICYMI: Citadel has a seat on the Board of Directors of NSCC's parent company, DTCC: David Inggs, Global Head of Operations at Citadel and Citadel Securities. dtcc.com/about/leadersh…
    It is crystal clear that Robinhood restricted trading in response to a $3 billion margin call from the NSCC. Multiple documents, statements and contemporaneous communications confirm this. fortune.com/2021/02/02/rob…
  • user avatar
    "Naked, Short and Greedy: Wall Street's Failure to Deliver" is available directly from Spiramus Press. Paperback, .pdf or autographed book (signed books for US shipping addresses only). Publisher's site also has a chapter-by-chapter summary.
  • user avatar
    From the outside the entire structure of a basic black hole can be described as a singularity surrounded by an event horizon. Nothing escapes the event horizon. It all gets squozen into the DTCC Obligations Warehouse.
  • user avatar
    "Naked, Short and Greedy: Wall Street's Failure to Deliver" (Spiramus 2020) narrates the story of investors and entrepreneurs who fought Wall Street and the SEC in the early 2000s. Full description of each chapter available here:
  • user avatar
    🚨NSCC reports #FTD fail$ AFTER netting (where buys offset sales per broker per stock), reducing value settled by 98% (2020 Annual Report). => Likely that as much as $100 trillion of shares you paid for were NOT in your account when the broker took your money.
    00:00
  • user avatar
    "Short selling in a company that the short seller knows is guilty of fraud is in every way identical to selling someone merchandise that the seller knows is defective without disclosing the flaw upfront to the buyer." 1/4