π₯ CEASE & DESIST AGAINST SHORT SELLERS! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/EduardBrichuk/status/1688923335311396864
https://twitter.com/chef_master_d/status/1688945212515885057/photo/1
https://twitter.com/nakedjockman/status/1688925001905508352
https://twitter.com/MrDavidNIO/status/1688963814337744914
A cease & desist letter has been issued against short sellers of AMC (Wedbush Securities, and other firms like Wells Fargo) telling them to stop all illegal violations immediately.
It seems, as a result, the shorts are now trying to hide their short positions by manipulating the AMC short interest down from 30% to only 10% of the float in just a few days.
This is the main problem with FINRA, the SEC and DTCC, they allow funds to 'self report' data and never check the data, trusting them to report the 'correct' data but never issuing any punishments if they don't report/report false data, their only risk is a small fine or potentially that the misreportings will never be discovered.
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