🔥 URGENT! SHORTS JUST GOT TRAPPED IN THEIR ILLEGAL SWAPS! - AMC Stock Short Squeeze Update
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Links;
https://twitter.com/skylerroundtree/status/1666630777738608640
https://twitter.com/TendieBaron/status/1587204575546818560
https://www.sec.gov/rules/final/2023/34-97656.pdf
https://twitter.com/trvsrdrgz1/status/1666640252361150465
Shorts just got trapped in their illegal total return swap positions. The SEC just passed a new ruling making it impossible for funds to 'hide' their TRS' from other banks/counterparties.
That way, shorts cannot build a short position that is the size of the float sold multiple times over, as banks & counter-parties will be aware of other swaps held.
This is what the shorts were using the short the AMC float multiple times over using indirect leveraged Total return swaps.
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