We are a bloc of public CEOs, executives, and shareholders committed to putting an end to naked short-selling and other abusive trading practices.
Breaking Barriers and Expanding Horizons: Upstream's Blockchain-Powered Platform Enables Access to Global Stock Markets
This article was originally published on CEOBLOC: Breaking Barriers and Expanding Horizons: Upstream's Blockchain-Powered Platform Enables Access to Global Stock Markets.
The Rise and Fall of Cryptocurrency Platforms in 2022: Lessons Learned and the Emergence of Upstream
This article was originally published on CEOBLOC: The cryptocurrency market is known for its volatility, and investors often experience highs and lows. However, the term "crypto winter" is used to describe a prolonged period of market cooling, where prices fall and investor sentiment turns negative. The term was first used in 2018 when the price of Bitcoin dropped by more than 50% from its all-time high. Since then, there have been several instances where the market has experienced significant losses, and the events of 2022 were no different.
Silicon Valley Bank's Collapse Triggers Run on Bank and Massive Short-Selling as FDIC Seeks Buyer
This article was originally published on CEOBLOC: Silicon Valley Bank's (SVB) failure has caused widespread concern in the tech industry, with over $42 billion being withdrawn by depositors following the bank's announcement that it needed to raise $2.25 billion to shore up its balance sheet. The FDIC has taken over and will cover up to $250,000 per depositor, but the vast majority of SVB's customers are businesses that had kept far greater uninsured amounts at the bank. Venture capital firms, including Accel, Cowboy Ventures, Greylock, Lux Capital, and Sequoia, have signed a joint statement vowing to do business again with SVB if it is "purchased and appropriately capitalized."
Vinco Ventures: A Rocky Road to Recovery in the Digital Media Industry
This article was originally published on CEOBLOC: Vinco Ventures (NASDAQ: BBIG) has been through a tumultuous time in recent years. The digital media and content technologies firm based in Bethlehem, Pennsylvania, has been plagued with issues, ranging from allegations of accounting irregularities to securities fraud. The company's troubles started when it acquired Lomotif Private Limited, a Singapore-based video-sharing social networking platform, in a $20 million deal in January 2021. Vinco Ventures aimed to expand its presence in the social media and digital marketing space through the acquisition. However, reports of accounting irregularities and other issues related to the Lomotif acquisition caused the company's stock price to decline in September 2021.
What Happens When Market Makers are Short a Stock that's on the brink of Bankruptcy?
This article was originally published on CEOBLOC: Shorting a stock can be a profitable strategy for investors looking to capitalize on a company's declining stock price. However, shorting a stock of a company that goes bankrupt can result in a significant payout. When a company goes bankrupt, the courts liquidate the company's assets to pay off the investors. But what happens when market makers short a stock of a bankrupt company?
"Fail to Deliver" in the Stock Market
This article was orignally published on CEOBLOC: Hello there, fellow investors! Today, let's talk about a common issue in the stock market - the "fail to deliver" (FTD). This term refers to a situation where a securities transaction doesn't go as planned, resulting in a buyer not receiving their purchased shares or a seller not receiving the expected cash. There are a few reasons why this can happen.
Alpine Securities Faces NSCC Charge Due to Concentrated Short Position in GTII: Lessons in Risk Management and Regulatory Compliance
This article is originally published on CEOBLOC: In September 2022, Alpine Securities Corporation received unwelcome news from the National Securities Clearing Corporation (NSCC) that deficiencies had been observed in the company's portfolio, causing it to fall below its backtesting target. The NSCC attributed these deficiencies to Alpine's "net short portfolios with the top driver being a concentrated short position in GTII." This setback caused the NSCC to inform Alpine that it would face a charge effective November 1, 2022.
Reminiscences of a Retail Stock Investor: The Naked Short
I arrived in Washington DC on January 27th, and one by one I met the men and women who had gathered on that cold winter night at the Dubliner Restaurant in the Phoenix Park Hotel. It was an apropos spot for a meeting of like-minded individuals committed to a cause. We were gathered at two long tables in a room off to the side of the main bar. It felt like a room where a friendly town hall meeting might take place. Each person in attendance was willing to spend the next two days standing on a sidewalk as the wind whipped off the imposing glass edifice of the Washington DC headquarters of the Securities and Exchange Commission (SEC), adding a sharp wind chill to the already frigid temperatures. They were here protesting the injustice of manipulative and deceptive trading practices, including naked shorting. These practices are just the tip of the iceberg for a broader systemic problem facing a corrupted financial services industry and had impacted every person in the room.
The Wall Street Conspiracy Movie
The movie that tells the story about how Wall Street ripped off America is here. The Wall Street Conspiracy In the beginning, over a decade before The Big Short and the Game Stop and AMC naked short selling scandals, there was the groundbreaking documentary The Wall Street Conspiracy.
My Billion Dollar Fight Against Naked Short Selling
It’s been an eventful week. On Monday I had a conversation with John Brda, the ex-CEO of Torchlight, where he shared his story of fighting naked short sellers and taking his company’s share price from $0.30 to $11.00 raising $183 million and merging with Meta at a $1.9 billion market cap. All in six months!
What is OccupySEC 2023?
This article was originally published on CEOBLOC by Mike Mynar. I got into investing late in my life, almost at the age of 40, and I decided to start researching companies to figure out how to invest in stocks, and which stocks to invest in. Through that, I found other folks that were looking to invest in stocks utilizing social media through places like Twitter, Facebook, Reddit, Discord, and so on. As a community, we started to learn together as we shared information and did due diligence on the companies. That’s when I found out about AMC and GameStop and started to learn about these heavily shorted manipulated stocks. The longer I stayed in those communities, the more information I obtained; the more corruption I discovered in the stock market.
Spoofing – Is it a Trick or Treat?
This article was originally published on CEOBLOC by Alan Pollack. Market manipulation of emerging or small-cap companies is pervasive on Wall Street and according to the SEC has increased significantly in the last decade. The nature and scope of market manipulation schemes is limited only by the creativity and audacity of their perpetrators. While the specific mechanics of each market manipulation scheme may differ, the objective is the same - to inject false information into the marketplace that interferes with share prices being determined by the natural interplay of the forces of supply and demand.