GME YOLO is MIA

ElCubano said:
I haven’t read all his posts, all I’ve seen for the most part is a screen shot of his positions.
. The journals are full of recommendations. Anything can happen and there can be more to it than what we see but jail time I don’t think so, unless it’s a witch hunt.
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now that's funny, you haven't read any of his shit and yet you claim you know more than the SEC or any compliance specialists, just because you have a fucking "gut feeling" in your distorted little world? how did that "gut feeling" played when you were buying GME at $320, you silly RH Millennial fool :)
 
destriero said:
Yeah, no jail time but clearly collusion.
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I wouldn't be so sure about no jail time, if he did post "Fake" screenshots, don't think he did, but we never know, then it's blatant misrepresentation and manipulation, and with all those charges he might do a runner. Hence jail time.
 
Butterfly said:
now that's funny, you haven't read any of his shit and yet you claim you know more than the SEC or any compliance specialists, just because you have a fucking "gut feeling" in your distorted little world? how did that "gut feeling" played when you were buying GME at $320, you silly RH Millennial fool :)
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I’m 52 lol. I’ll bet you he doesn’t do jail time.
 
ElCubano said:
I’m 52 lol. I’ll bet you he doesn’t do jail time. I’ve seen 20 yr olds lic brokers making 50 cakes a month lying to their clients to make a stick on stocks like HAHO and SHOO , no jail time.
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yeah, that was true a few decades ago, but a lot has changed in the last 5 years alone. Go to the SEC website, and you will be surprised how far they go for prosecuting brokers that "misrepresent" their clients. FINRA, a SRO, is even worse. Record breaking fines. Guys who do runners when facing those charges end up in jail.

If he doesn't do a runner, they will take all his profits away, plus more. RH was fine $48m for not putting a small paragraph of 5 lines on their website. And that took months of negotiation with huge lawyer fees. SEC wanted to charge with $100m fine.
 
If anybody cared to read the link I posted earlier, the SEC wants him as a witness. It looks like the only entity who could sue him rightfully is his FORMER company, but I don't really see any reason for them to do so. There is no loss for the company or for its costumers, so they will just let it slide.

Redditors backing him up, so no threat from there. A busy bee from the SEC could go after him for company rules violation, but it is not very likely and as a result he could lose his license rather than having a huge fine.

Verdict: His biggest threat is a small fine and a lost license. He shouldn't care about either.

Karen, the super trader, who actually misled clients and lost money for them got away with a fine and license loss.
 
Think about it, the only reason why he got caught in the limelight was because of his pride. He had to publish those broker statements. Of course it also had a great effect on dummies but I think it primarily was his pride and arrogance that drove him to publish those.

Not that I don't despise people who reap profits through illegal and unethical means, just saying that he would have gotten away with his crimes had he not published those paper profits.

Butterfly said:
the problem is that he comitted all kind of violations to achieve that, basically manipulating fools to up his account

they are going to make an example out of him, and YouTube will shutdown every stock promo out there, or else they could be liable
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The CFA license will be taken as one of the first actions against him, that is absolutely sure.

I also believe that he will be fined and sanctioned by the SEC. Convicted? I don't think so, too small fish. He did violate several securities laws though. He did pump up the stock on social media AFTER he invested in it. And he did sell part of it at the highs yet continued to push others to buy. That is violating securities laws and the textbook definition of pump and dump. But I think what will come out of the sec investigation is that the broker statements he showed off are doctored. The whole story will end up as "wannabee mediocre financial firm junior employee attempting to elevate himself above his pay grade". If he inflated his profits and position he will get away with a small fine and shamed. If he completely lied about his positions the sec may have nothing on him but he would have 20 angry snipers up his ass for the foreseeable future.

ElCubano said:
I don’t think he cares that they take away his license if he even has one. Cmon man. Witch hunt.
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destriero said:
Everyone here knows more about WSB than me, but wasn't he pumping this shitturd wildly on WSB? Recommending it? It's silly to say nobody is in jail when the investigation has just begun. The dude won't DO any time but he will be shamed into incel-oblivion when the truth comes out that he wasn't really in the thing.
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CFA? He can't feign ignorance.

He was the ringleader. The SEC letter is meaningless (criminally) so until the DOJ gets involved it's moot. How do you assign damages?
 
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