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LEGAL UPDATE RE $GTII & $ALPINE AND NOTICE OF IMPORTANT UPDATE DROPPING--CHECK MONDAY AM https://t.co/bqBbImk4WS via @YouTube @widener2004 @settlethetrades @ace_indy_biz @HAMShortkiller @busybrands
— Richard Hofman (@Rahraw999) March 9, 2024
https://twitter.com/onehundredmph/status/1656848338220638209?t=60OgolCVaZ-NguYRUtnkSw&s=19
Early 2023. Alpine USED to be one of the largest clearing firms...dust off the spectacles and keep up. A market expert like yourself should know dark pool trade data doesn't break out by ticker hence the name but nice try yet again by asking for something with GTII listed....just like de minimis firms play in the dark its not public. But sure does make a nice little playground to wash doesn't it?
And nobody's changing the subject here..Subject was Alpine. You're 0-13 now just like all the other times you were wrong, got NSCC cases mixed up, lied, purposely misled or were too lazy to hit a few buttons on your commodore 64 or didn't know how. But of course, everyone knows that's not why you're here. My favorite was when you tried to post links to the addresses of GTII acquisitions and "ooops" it was the picture of the back of the building and dumpsters vs the picture of the front of the building..then the AI Biz address you "couldn't find anything but an open field" when it was clear as day a building and you even tried to use 2 different sources to get the worst possible coordinates and pics like nobody would notice but STILL tried to say "that's what came up for me" Yeah you're an "educator" LMFAO
"Dark Pools" LMAO... why don't you post it since you always want others? Alpine barely has an ex clearing agreement and has few execution destinations... you have really gone crazy you know that? of course they trade billions of shares...because they are one of the last remaining firms to trade sub zeros so a guy sells 100,000,0000 of a .0001 stock and its "whoopi" a $10k principal trade and they make around $500 off it... have you not noticed their annuals? lack of capital? Explain to me how they would do your "Dark Pool"? DVP? RVP? through their trade desk? But once again when i present you with facts you change the subject. now it's DARK POOLS,,,whats next? PIZZA GATE? with the constant FINRA and SEC investigations, you don't think they would find these 'DARK POOLS"???? LOL LOL LOL...!!! seriously, you are making a fool of yourself now... just stop already and admit you want this fantasy to come true just like you told you friends in middle school you had a girlfriend in "The Niagara Falls Area" and made it to 3rd base..go ahead. show me DIRECT dark pools with Alpine on it... i anxiously await...LOL...but it must include GTII as well. Direct evidence of ALPS shorting GTII in "DARK POOLS" by the Pizza Gate Mansion LOL LOL LOL !!!!!
Go look at dark pool data for Alpine and do some basic math based on the fact that in 2023 they had about 300ish stocks they were clearing and that alone blows up your whole theory as there were billions of shares traded...YOU just don't get it..they don't(and many others) play by the rules. Why would they??? I have zero need to pick anyone's brain, especially the book smart people who say "this is how it works" meanwhile time and again funds get fined for mismarking trades and host of other things, naked short schemes get uncovered but but but but but is all we hear and nobody's buying it anymore. The good news is you won't be the judge,jury or executioner ;)
A3: If you think you may be a victim of investment fraud, report it to the SEC’s Tips, Complaints, and Referrals (TCR) System. https://t.co/mvga0lJg3A#NCPW2024 #SlamTheScamChat https://t.co/DMGORRH5G6
— U.S. Securities and Exchange Commission (@SECGov) March 7, 2024
huzzah! Mostly Buys 0UT Today
w0w🤣 0.29692 Vanilla Sextuple Retail Trades 🍆 w0w
Alps was never short GTII... all shares are cleared and kept at DTC.. They are not permitted to short nor do they have a bank for providing margin or stock loan. As i have said 10 x...The GTII sales (long at DTC) were done by Alps but an Ops person didn't upload trades until next am. Its a big point of contention that DTC is calling this a short when in fact they (DTC) are holding the shares in their account. However, it did trigger a VAR call. Each clearing firm has a daily cap on total number of $$ they can trade based on ENC AND the volatility of the stock (price,amount of shares,30 day AV). Each fime also has a 'Super cap" on the size of a particular trade they can make ( Im not going to explain this to you as its like explaining calculus to a 1st grader) .Alps fought the $2.3 million call because in their minds the stock was long at DTC (and it was) . It was moot anyway, because the trade settled the next day and Alps was forced to put up the $$ or be closed from trading but they appealed trying to get volatility charges removed... this became a MOOT point as i pointed out over and over and in the Judges opinion BECAUSE the rules of DTC changed and 1) Alps put up the $2.3 million 2) the trade was settled 3) DTC returned the call $$ back to Alps 60 days later and 3) the new ENC rule would require $10 million ENC by Aug/Oct 2023.... You are truly clueless ...Also, read Alps execution reports...you can review them and any firms report's.. Alps trades with 2, sometimes 3 well known market makers. There is no wash accounts. Why? they are not allowed to do DVP/RVP trades per Lakeside bank. their clearing bank. seriously dude, you are so clueless. But fan the flames if it makes you dream. If you were actually as bright as you think you should be picking my brain apart for more info instead of insulting me... Last class though. You are dismissed. You had your chance but blew it
Add Pakistan's financial regulators to the growing list of countries fighting counterfeit crooks. They have filed criminal charges in alleged stock market manipulation case.
— kristen shaughnessy (@kshaughnessy2) March 7, 2024
"The Securities and Exchange Commission of Pakistan on Wednesday filed a case against the suspects… pic.twitter.com/RWh0tEGgnr
KramerDefrauds $GTII $DBMM $VNUE $HPIL HUD 4Jesus? YEP again $DBMM -1 LaidLaw Energy Group Inc (same Link) -6 SpartaCo alleges -8 $DBMM $HPIL $GTII HUD $VNUE Minimum 4 Fraud Cases!
Thanks, Asking for a Friend
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
Any more?Asking for a Friend[
"Not Kramer but a Fraud Asscociate" (Moot)!
"IT was a Kazillion Years Ago" (Moot)
"Evidence" (moot)!
ALJ Carol Fox Foelak (moot)!
CE drop (moot)!
Timely Filings (moot)
Are Late Filings also Moot?
Asking for a Friend.
Happy Belated Groundhogs Day!
02/02/23
SECAlert:Kramer&AssMgmtLLC|UnregisteredSolicitingEntities(PAUSE) The PAUSE Program lists entities that falsely claim to be registered, licensed, and/or located in the United States in their solicitation of investors.
The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations.
Source: https://www.sec.gov/enforce/public-alerts/unregistered-soliciting-entities/kramer-associates-management-group-llc.
Kramer & Associates Management Group LLC
(Unregistered Soliciting Entities)
42 William Street
New York, NY 10005
Phone: 1-518-336-5002
Fax: 1-518-536-9091
www.krameramg.com
Im not avoiding your questions it's that they are based on false assumptions..the point is, you posting that just proves several points. The biggest one is nothing Alpine says cah be believed (read all 80+ documents)Why is Alpine which is essentially defunct now, still fighting all these agencies? Who is funding it with millions of dollars? Why didn't they put that loan money toward the 10 million they needed? Why did they misrepresent several times that they had that money and would put it up to stay compliant? Where have they washed trades to/through and where offshore and or domestically? THOSE are more questions that actually matter...and there are several more that are germane. There's no need to mention the few hundred names Alpine was involved in or GTII for that particular action so its a silly and false "smoking gun...its more a water pistol. All one has to do is look at other "cease to act" actions to see that. That particular action is not fact finding per individual stocks its blanket action. The funniest part was this whole thing was set afire by the "concentrated net short position" in GTII back in fall 2022. Why don't you Google that and look at what the definition of that term actually means. The NSCC I'm pretty sure can tell if there are really the "long" shares available to offset it tucked away as Alpine alleges. So to reiterate not one damn thing Alpine says or asserts can be trusted based on their record. There's a lot more going on here than you realize and you'll see that one day.
I ShortNaked🔥4JesusEVERYday-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
I NakedShort🔥EVERYsingleDay-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
w0w🤣 0.305785 Vanilla Sextuple Retail Trades 🍆 w0w
KramerDefrauds $GTII $DBMM $VNUE $HPIL HUD 4Jesus? YEP again $DBMM -1 LaidLaw Energy Group Inc (same Link) -6 SpartaCo alleges -8 $DBMM $HPIL $GTII HUD $VNUE Minimum 4 Fraud Cases!
Thanks, Asking for a Friend
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
Any more?Asking for a Friend[
"Not Kramer but a Fraud Asscociate" (Moot)!
"IT was a Kazillion Years Ago" (Moot)
"Evidence" (moot)!
ALJ Carol Fox Foelak (moot)!
CE drop (moot)!
Timely Filings (moot)
Are Late Filings also Moot?
Asking for a Friend.
Happy Belated Groundhogs Day!
02/02/23
Uhmmm No and NO... this was and is a NEW action to remove Alps membership. the previous actions and lawsuits were based on Alps trying to fight the volatility charges DTC makes up for trading too much in a particular security based on the volatility and price of stock, despite the fact the stock is long in DTC vaults...so once again, you avoided each and every question i posed ,correct? I notice there are no news releases with the latest,greatest, purchase of a fictitious company created by or linked to Tommy? you haven't wondered why? C'mon... you can figure this one out. You know so much. Do tell me why there are no new acquisitions and the company has largely gone radio silent since August save for some meaningless releases about "talking to Brokerages" which was also a B.S story...But it keeps the gullible in place long enough for them to sell the remainder of their stock... wake up son.
SECAlert:Kramer&AssMgmtLLC|UnregisteredSolicitingEntities(PAUSE) The PAUSE Program lists entities that falsely claim to be registered, licensed, and/or located in the United States in their solicitation of investors.
The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations.
Source: https://www.sec.gov/enforce/public-alerts/unregistered-soliciting-entities/kramer-associates-management-group-llc.
Kramer & Associates Management Group LLC
(Unregistered Soliciting Entities)
42 William Street
New York, NY 10005
Phone: 1-518-336-5002
Fax: 1-518-536-9091
www.krameramg.com
I NakedShort🔥EVERYday-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
Saw it long ago Bernstein, its from the Alpine vs NSCC case and it doesn't prove a thing as previously stated except Alpine cant be trusted...NSCC along with FINRA, have both pretty well proven they can't rely on anything Alpine says or submits...especially math, this is also proven by reading the responses in that case from the other side by the way and the fact they issued the cease to act...but don't worry people above your pay grade who know how to track things down are on it and have been and who says Alpine even still has custody of said position? That wouldn't be too smart woukd it? Duh again and thanks for another nothing burger..I hear CNN is hiring
LOL... what a soft ball, pancake mushy response... DTC actually spells out the discrepancy.. NO MENTION of GTII and no, they are not short GTII...You know squat and are regurgitating publicly available info from years ago... but i just provided info none of you had...what does that tell you? But let's play you game ..Alpine needs capital correct? According to scam artists like you and others on X, Alpine is short '30 million shares" at around $2.50 + correct? if they covered that position in open market over last 18 months they would be FLUSHED with cash...just put down the pom poms and stop with the pump already. Enough already.
Again you should know how to "reply" to a post. If this is real you do understand that throughout it it says they CANNOT RELY on Alpine’s calculations just as I mentioned previously their net capital calculations were incorrect. But knowing who I know and what I know they will try(or have tried) everything to syndicate any naked positions off the real "books" which again, if this is real show are entirely inaccurate. And if they are being investigated now as John Hurry is by FINRA(As of Oct 23 when he tried to start a trust company outside of state from Alpine his application was turned down citing several reasons, one of which is he's being investigated by FINRA) no details would be divulged in any public documents (especially non public communications to the ones being investigated) duh!
India's financial regulators recently put new short selling rules in place after last year's alleged "short and distort" piece by Hindenburg Research last year resulted in billions in losses for the Adani Group.
— kristen shaughnessy (@kshaughnessy2) March 3, 2024
"...One critical safeguard implemented by SEBI is the mandatory… pic.twitter.com/iihbBW8txh
w0wVanilla Sextuple Retail Trades 🍆.270395 w0w🤣
SECAlert:Kramer&AssMgmtLLC|UnregisteredSolicitingEntities(PAUSE) The PAUSE Program lists entities that falsely claim to be registered, licensed, and/or located in the United States in their solicitation of investors.
The PAUSE Program also lists entities that impersonate genuine U.S. registered securities firms as well as fictitious regulators, governmental agencies, or international organizations.
Source: https://www.sec.gov/enforce/public-alerts/unregistered-soliciting-entities/kramer-associates-management-group-llc.
Kramer & Associates Management Group LLC
(Unregistered Soliciting Entities)
42 William Street
New York, NY 10005
Phone: 1-518-336-5002
Fax: 1-518-536-9091
www.krameramg.com
I NakedShort🔥4JesusEveryDay-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
https://twitter.com/HAMShortkiller/status/1763906774636130680
Naked shorts in US Market are next!
$GTII
w0wKramer improperlyBOT 2bill+LaidlawEGroupShares &Sold them to investors(2006-2010) Facts Kramer BOT&sold 1bill+ unregistered BederraCorp Shares that had been misappropriated by that company’s transfer agent (2009-2010)Source: https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125 $DBMM -1 LaidLaw Energy Group Inc (same Link) -6 SpartaCo alleges -8 $DBMM $HPIL $GTII HUD $VNUE Any more?Asking for a Friend Minimum 4 Fraud Cases!
Source: https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125
Let's Do a little Counting Exercise Kramer Defrauded:8+
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
"Not Kramer but a Fraud Asscociate" (Moot)!
"IT was a Kazillion Years Ago" (Moot)
"Evidence" (moot)!
ALJ Carol Fox Foelak (moot)!
CE drop (moot)!
Timely Filings (moot)
Are Late Filings also Moot? Asking for a Friend.
Happy Belated Groundhogs Day!
02/02/23
I ShortNaked🔥4JesusEVERYday-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
so lets recap Mr. Fair Markets
1) there is no mention of GTII at any point in this NSCC DTC action, correct?
2) NSCC has been watching the financials of Alpine like a Hawk on a daily basis since 2019. correct?
3) If Alpine was Naked 30 million shares at $2.00 + a share as Ham, StayHamble and Hammingbird have continued to spread for years now, NSCC/DTCC would have been all over them for capita, correct?
4) there is no imminent DTC action on a GTII short with Alpine, correct?
5) I pointed out the whole issue on volatility charges were moot over a year ago because DTC changed its ENC rule, Correct?
6) if Alpine was naked 30 million shares of a $2.00 stock DTCC/NSCC would be demanding far more than Alpine provide evidence of $10 million ENC, Correct?
So you have a choice. Be a man and say "You were correct" or continue to spew dumbfounded notions. I will drop the mic now...
I ShortNaked🔥4JesusEVERYDay-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
November 9, 2023
VIA ELECTRONIC MAIL
Alpine Securities Corporation
39 Exchange Place
Salt Lake City, UT 84111
Attn: Raymond Maratea, Chief Executive Officer
RE: Notice of NSCC and DTC Determinations to Cease to Act for Alpine Securities
Corporation (Member/Participant No. #8072)
Dear Mr. Maratea:
National Securities Clearing Corporation (“NSCC”) and The Depository Trust Company
(“DTC,” together with NSCC, the “Clearing Agencies”) are providing this notice (“Notice”) to
inform Alpine Securities Corporation, Member/Participant No. 8072 (“Alpine”), that NSCC and
DTC have each determined to cease to act for Alpine, subject to Alpine’s right to a hearing.
Grounds for the Determinations to Cease to Act
The determination of NSCC to cease to act for Alpine was made pursuant to NSCC Rule
46, Section 1, which provides, in relevant part:
The Board of Directors may suspend a Member . . . in the event that . . . (f) such
participant has failed to comply with any financial or operational requirement of
the Corporation, or (g) in any circumstances in which, in the discretion of the
Corporation, adequate cause exists to do so.
and NSCC Rule 2A, Section 1.G.ii, which provides, in relevant part:
The Corporation may . . . . cease to act for any participant when such participant
or its Controlling Management has a record that reflects . . . the applicant or its
Controlling Management is responsible for . . . making a misstatement of a material
fact or has omitted to state a material fact to the Corporation in connection with its
application to become a Member or thereafter …
The determination of DTC to cease to act for Alpine was made pursuant to DTC Rule 10,
Section 1, which provides, in relevant part:
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.288 Page 2 of 9
2
Based on its judgment that adequate cause exists to do so, the Corporation may at
any time (a) cease to act for a Participant with respect to … transactions generally
… Adequate cause for ceasing to act for a Participant . . . shall be deemed to exist
if: … (vi) the Board of Directors, or a committee authorized thereby, shall have
reasonable grounds to believe (A) that the Participant or its Controlling
Management to be responsible for … (2) making a misstatement or of a material
fact or omitting to state a material fact to the Corporation in connection with its
application to become a Participant or thereafter … (B) that such ceasing to act
is necessary for the protection of the Corporation, other Participants or Pledgees
or to facilitate the orderly and continuous performance of the Corporation’s
services . . .
As described in more detail below, given the intentional misinformation, omissions, and
evasion perpetrated by Alpine in the reporting of the amount of its excess net capital (“ENC”) to
the Clearing Agencies, and Alpine’s continued willful noncompliance with its NSCC minimum
ENC financial membership requirement, the Clearing Agencies are no longer able to rely on
Alpine’s disclosures and representations of its financial condition or otherwise, nor are they able
[on a going forward basis] to assess the risks presented to NSCC and DTC by Alpine with a high
degree of confidence.
Alpine’s Daily Capital Reporting Requirement
Since August 2, 2019, pursuant to NSCC Rule 15 and DTC Rule 9(A),1
Alpine has been
required to submit to the Counterparty Credit Risk team of the Clearing Agencies (“CCR”) daily
capital computations (“daily capital reports”), in order for the Clearing Agencies to monitor the
financial condition of Alpine and help ensure that the firm continues to meet its membership
requirements at all times, including its minimum ENC requirements.2
The daily capital reporting
requirement, which had been imposed on Alpine due to the Clearing Agencies’ increased concerns
about Alpine’s financial condition and regulatory issues with FINRA, was an escalation from
Alpine’s previous requirement to submit weekly capital computations to CCR. Alpine’s weekly
reporting requirement had first been imposed on or around June 15, 2017, due to the Clearing
1
See Rule 15 (“Section 2(a) Each Member . . . shall furnish to the Corporation such adequate assurances of its financial
responsibility and operational capability as the Corporation may at any time or from time to time deem necessary or
advisable in order to protect the Corporation, its participants, creditors or investors, to safeguard securities and funds
in the custody or control of the Corporation and for which the Corporation is responsible, or to promote the prompt
and accurate clearance, settlement and processing of securities transactions . . . (b) Adequate assurances of the financial
responsibility or operational capability of a participant or applicant to become such, as may be required pursuant to
these Rules and Procedures, may include, but shall not be limited to, as appropriate under the context of the
participant’s use of the Corporation’s services: (i) additional reporting by the participant (or by the entity providing a
guarantee) of its financial or operational condition at such intervals and in such detail as the Corporation shall
determine . . . ); see DTC Rule 9(A) (“ . . . At the request of the Corporation, a Participant or Pledgee shall immediately
furnish the Corporation with such assurances as the Corporation shall require of the financial ability of the Participant
or Pledgee to fulfill its commitments and shall conform to any conditions which the Corporation deems necessary for
the protection of the Corporation, other Participants or Pledgees . . . “).
2 See Letter dated August 2, 2019 from Michael Leibrock, CCR Managing Director to Christopher Doubek, Alpine
CEO.
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.289 Page 3 of 9
3
Agencies’ ongoing risk and compliance concerns regarding the sustainability of Alpine’s business
model and its open regulatory issues.
Alpine’s $10 Million NSCC Minimum ENC Requirement
As of October 26, 2023, NSCC Members, including U.S. broker dealers like Alpine, were
required to meet higher minimum ENC requirements. These new minimum ENC requirements
were implemented pursuant to an NSCC membership standards rule filing, which was approved
by the U. S. Securities and Exchange Commission (“SEC”) on August 26, 20223
and implemented
by NSCC on August 26, 2023, with a grace period of 60 days from the implementation date
(through October 25, 2023) for compliance.
Pursuant to the rule change, the NSCC minimum ENC requirement for a U.S. broker-dealer
that is a Clears for Others Member of NSCC, like Alpine, and which has a daily volatility
component (referred to as the Value-at-Risk (VaR) Tier) over $500,000, like Alpine, is $10
million.4
On multiple occasions between the approval of the rule change and implementation of the
new minimum ENC requirements, CCR communicated directly with Alpine about its new NSCC
$10 million ENC requirement and requested information about Alpine’s plan to meet the new
requirement. On those occasions, Alpine expressed its objections to the increased ENC
requirement but assured CCR that Alpine’s ownership had access to the capital that would be
necessary and that its ownership would provide the additional capital as necessary. Yet
approximately one month before the 60-day grace period expired, Alpine began contacting its
3 See Securities Exchange Act Release No. 94518 (August 26, 2022); 87 FR 53796 (September 1, 2023) (SR-NSCC2021-016).
4 See Addendum B of the NSCC Rules and Procedures, Section 1.B.1, which states:
U.S. Broker-Dealers: An applicant or Member that is a U.S. broker-dealer must have and maintain at all times
minimum Excess Net Capital as follows:
Clearing Status Value-at-Risk Tier
(“VaR Tier”) Minimum Excess Net Capital
Self-Clearing
<$100,000 $1 million Excess Net Capital
$100,000-$500,000 $2.5 million Excess Net Capital
>$500,000 $5 million Excess Net Capital
Clears for Others
<$100,000 $2.5 million Excess Net Capital
$100,000-$500,000 $5 million Excess Net Capital
>$500,000 $10 million Excess Net Capital
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.290 Page 4 of 9
4
DTCC relationship manager to discuss “options” with respect to its imminent ENC capital
requirement. More specifically, Alpine proposed terminating its correspondent clearing
arrangement with its only correspondent broker-dealer (and Alpine’s only client) Scottsdale
Capital Advisors (“Scottsdale”) so that Alpine could become a “Self-Clearing” Member of NSCC
and thereby become subject to a lower $5 million minimum ENC requirement applicable to NSCC
Self-Clearing Members. Alpine also requested an extension of the ENC requirement deadline5
and
mentioned that it had a commitment for a $7 million loan, but the loan was being held up because
it needed to be approved by FINRA. Over the course of several subsequent phone calls and email
exchanges between CCR and Alpine through October 24, 2023, CCR repeatedly informed Alpine
that (i) an NSCC Member cannot simply declare itself to be a ‘Self-Clearing’ Member and that a
change of membership status from Clears for Others to Self-Clearing, i.e., a change in business
model to self-clearing, is a material change subject to review and diligence, and (ii) Alpine’s
request to become a Self-Clearing Member, and CCR’s review of any submitted information,
would not affect Alpine’s present obligation to meet its NSCC minimum ENC requirement of $10
million as a Clears for Others Member of NSCC.6
On October 25, 2023, the last day of the grace period, Alpine submitted a daily capital
report to CCR that reflected an ENC of $3.48 million as of October 24, 2023.
Alpine’s Willful Noncompliance and Misinformation, Omissions, and Evasion
In the morning of October 26, 2023, Alpine’s CEO sent an email to CCR stating, among
other things, that “Alpine currently has in excess of $10 million ENC. I emphasize that Alpine
obtained those additional funds because of DTCC’s insistence that the full $10 million was
required in order for Alpine to comply with the new ENC rules and continue to operate.” CCR
requested confirmation via a daily capital report from Alpine. Alpine’s CEO responded by email,
attaching (i) a copy of a transaction statement from an Alpine Securities account at KS State Bank
that appeared to show a pending transfer on October 25, 2023 from Alpine’s parent company SCA
Clearing LLC (“SCA”) to the Alpine account, in the amount of $6,400,000 and (ii) a copy of
Alpine’s FOCUS Report for the period ending September 30, 2023, and providing the following
calculation from its staff accountant in the body of the email:
The calculation of our excess net capital is as follows:
$ 3,685,498 - Excess net capital as of our most recent filed focus report (10/24/2023)
6,400,000 – transfer received (10/25/2023)
10,085,498 – Adjusted excess net capital.
5
CCR denied the extension request.
6
On October 24, 2023, Alpine sent CCR a formal notice indicating that Alpine was terminating its correspondent
clearing relationship with its Scottsdale and formally requested that Alpine’s clearing status at NSCC be reflected as
“Self-Clearing.” CCR responded to Alpine, reiterating that an NSCC Member cannot simply declare itself to be a
‘Self-Clearing’ Member and that type of change in Alpine’s business isa material change subject to review and
diligence. On October 25, 2023, CCR sent Alpine a list of information requests pertaining to Alpine’s proposed
business change and membership change and reiterated to Alpine that, notwithstanding the information requests,
Alpine’s current membership status remains a Clears for Others Member of NSCC and therefore it is required to
satisfy the $10 million minimum ENC requirement. CCR is continuing to work with Alpine on its proposed business
change and submitted a supplemental information request to Alpine on November 8, 2023.
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.291 Page 5 of 9
5
On the evening of October 26, 2023 and on Friday, October 27, 2023, CCR received daily
capital reports from Alpine that reflected ENCs below its $10 million requirement -- an ENC of
$9.88 million for October 25, 2023 and $9.87 million for October 26, 2023. In the evening of
October 27, 2023, CCR sent Alpine an email requesting a written explanation for the discrepancy
between the CEO’s representation on October 26, 2023 that Alpine had in excess of $10 million
ENC and the daily capital reports for October 25, 2023 and October 26, 2023 reflecting an ENC
below the $10 million ENC requirement. Alpine did not acknowledge the email.
Instead, Alpine continued to submit daily capital reports reflecting an ENC of
approximately $9.8 million -- $9.87 million for October 27, 2023, $9.86 million for both October
30, 2023 and October 31, 2023, and $9.83 million for November 1, 2023.
Finally, on November 2, 2023, CCR sent Alpine a letter requesting specific documentation to
verify Alpine’s capital reporting and its compliance with the NSCC ENC requirement, including
documentation evidencing that (i) $6.4MM was deposited into a bank account owned by Alpine
(in addition to the KS State Bank printout emailed to NSCC on October 26, 2023); (ii) $6.4MM
was contributed to Alpine by SCA (such as a bank statement for SCA); and (iii) the $6.4MM
contribution of capital was sent to SCA by John Hurry (for example, a check or wire statement);
(iv) updated net capital calculation. CCR also requested that Alpine provide a copy of a corporate
resolution documenting the intended use of the $6.4MM to confirm the full $6.4MM was intended
to be contributed as capital.
Alpine’s outside counsel, Maranda Fritz responded to CCR by email on Friday,
November 3, 2023 requesting a phone call on Monday, November 6, 2023, and attaching a letter
that stated, in part, that Alpine “currently has funds in an amount greater than $10 million”
(emphasis added) and “[a] portion of those funds have not yet been authorized as capital pending
a decision from FINRA regarding whether it will agree to modify a pre-existing $2.3 million
escrow requirement in light of the firm’s increased capitalization, so that ownership can recoup
the $2.3 million that remains in a separate account in escrow.” The letter also stated “As regards
your specific requests for information, Alpine is advised that its bank statement reflecting the
deposit will be available on November 6, 2023, and we will forward that statement as soon as it
is received. Alpine does not have the bank statement of SCA Clearing but is providing the
Kansas State Bank document reflecting the transfer from SCA Clearing to Alpine as well as the
resolution regarding authorized capital.” Attached to the email was a copy of the same KS State
Bank statement sent to CCR on October 26, 2023,7
and a shareholder resolution dated October
26, 2023 reflecting that SCA (the sole shareholder of Alpine) was making a $1.6 million capital
contribution to Alpine.
That same day, on November 3, 2023, the daily capital report that Alpine submitted to
CCR reflected $9.8 million in ENC for November 2, 2023.
On the phone call on Monday, November 6, 2023, CCR asked Alpine and its outside
counsel Maranda Fritz to explain Alpine’s ENC calculations, in an effort to reconcile the
information contained in Alpine’s daily capital reports, including the daily capital report submitted
by Alpine on November 3, 2023 showing $9.8 million in ENC for November 2, 2023, and the new
7
The Clearing Agencies observe that the copy of the KS State Bank statement provided by Ms. Fritz appears to have
been generated approximately 3 minutes later than the statement provided to CCR by Alpine on October 26, 2023.
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.292 Page 6 of 9
6
information provided to CCR in Alpine’s November 3, 2023 letter about a $1.6 million capital
contribution and a $2.3 million escrow requirement. Ms. Fritz told CCR that Alpine’s ENC was
around $5 million and was not the approximately $9.8 million ENC that Alpine had been reporting.
Ms. Fritz explained that only $1.6 million of the $6.4 million that was transferred to Alpine from
SCA was authorized capital, as reflected on the shareholder resolution provided by Alpine. She
further explained that the balance of the $6.4 million was not authorized as capital because SCA
first needed to get back its $2.3 million that were in an escrow account pursuant to a FINRA order.
Alpine indicated that it did not know when that issue would be resolved (i.e., when FINRA would
approve the release of the escrow) and that Alpine did not have a plan for meeting its $10 million
ENC requirement besides the resolution of the escrow issue with its ownership and FINRA.
Although Ms. Fritz stated on the call that on October 26, 2023, the day on which Alpine’s CEO
sent an email to CCR confirming ENC in excess of $10 million, Alpine was unaware that the full
$6.4 million was not eligible as good capital, the Clearing Agencies note that the Alpine CEO
signed on the same date (October 26, 2023) the aforementioned resolution which clearly indicated
Alpine had received only $1.6 million of capital.
It is not plausible that Alpine just discovered that the $2.3 million funds that were escrowed
pursuant to a March 2022 FINRA order could possibly be an obstacle to further capital
contributions by its ownership. Regardless, upon the issuance of the October 26, 2023 shareholder
resolution reflecting only an $1.6 million capital contribution (which occurred on the same date
that Alpine’s CEO informed CCR that Alpine had an ENC amount exceeding $10 million), Alpine
willfully chose not to notify the Clearing Agencies as soon as it was aware of the possibility that
its ownership was not making the full $6.4 million capital infusion and instead affirmatively
proceeded to send the Clearing Agencies at least seven daily capital reports that reflected
materially inaccurate ENC amounts for October 25th, 26th , 27th , 30th, 31st and for November 1st
and 2nd of 2023. The admission by Alpine that, in fact, it had only approximately $5 million ENC
came on November 3, 2023 and only after the Clearing Agencies sent Alpine a letter asking for
verification that the funds Alpine received were an authorized capital contribution.
It is not disputed that Alpine was well aware of the NSCC rule filing and the new $10
million NSCC minimum ENC requirement applicable to Alpine. Alpine had over a year to
establish a capital plan that would enable it to meet its $10 million ENC requirement, if not by the
August 26, 2023 implementation date, then by the end of the grace period on October 25, 2023.
And, as described above, CCR engaged with Alpine multiple times in anticipation of that date to
inquire about and understand Alpine’s intentions and preparations for that implementation date.
As of the date of this Notice, Alpine has never once met its new $10 million NSCC minimum ENC
requirement.
Moreover, during the period preceding October 26, 2023, Alpine continually declined to
provide details about its plan to comply with its $10 million ENC requirement. Even when Alpine
was making a last-ditch effort to reduce its ENC requirement by proposing to terminate its only
correspondent clearing relationship – which constituted the majority, if not all, of Alpine’s clearing
activity—it declined to give the Clearing Agencies any specific details about its materially changed
business plan. Most egregious, however, is the fact that Alpine has been falsifying the amount of
its ENC since October 26, 2023 and was submitting grossly inaccurate (by around $5 million)
daily capital reports –- reports that, as noted above, Alpine was required to submit to CCR since
2019, pursuant to NSCC Rule 15 and DTC Rule 9(A), due to the Clearing Agencies’ compliance
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.293 Page 7 of 9
7
and risk concerns about Alpine, to help ensure that Alpine was meeting its financial membership
requirements of the Clearing Agencies.
In sum, Alpine’s ongoing willful noncompliance with financial requirements and its
knowing provision of misleading and inaccurate information about its financial condition, among
other things, renders the Clearing Agencies no longer able to rely on Alpine’s disclosures or
representations of its financial condition or otherwise, and therefore no longer able to assess the
risks presented by Alpine with a high degree of confidence. Deprived of this ability to make the
necessary determinations with respect to Alpine’s capacity to be a member of either Clearing
Agency, the Clearing Agencies have no choice but to terminate Alpine’s memberships.
Right to a Hearing
Pursuant to NSCC Rules 37 and 46 and DTC Rule 22, Alpine may request a hearing to
object to the cease to act determinations by NSCC and by DTC.
If Alpine wants to request a hearing with respect to the NSCC determination to cease to act
and the DTC determination to cease to act, Alpine’s request must be in writing and filed with the
Secretary of NSCC and DTC (“Corporate Secretary”) at CorporateSecretary@dtcc.com within
five (5) business days from the date of this Notice.8
Within seven (7) business days after filing
such written request, Alpine must then submit to the Corporate Secretary a clear and concise
written statement setting forth with particularity the action or proposed action of NSCC and DTC
with respect to which the hearing is requested, the basis for the objection to the action, whether
Alpine intends to attend the hearing and whether Alpine chooses to be represented by counsel at
the hearing. If the written statement contests the NSCC and/or DTC determination that Alpine has
violated a Rule or procedure, the statement must specifically admit or deny each violation alleged
and detail the reasons why the Rules or procedures alleged to have been violated are being
contested. Any alleged violation not specifically denied shall constitute an admission to that
violation. NSCC and/or DTC, as applicable, may deny the statement if it fails to set forth a prima
facie basis for contesting the violation.
If Alpine fails to file the written request and/or written statement within the time periods
specified above, Alpine will be deemed to have waived its right to a hearing with respect to the
NSCC determination to cease to act and the DTC determination to cease to act, and the Clearing
Agencies will promptly establish a date for the implementation of the cease to act.
If Alpine timely requests a hearing as set forth above, a Panel will be selected in accordance
with NSCC and DTC Rules, and Alpine will be informed of the procedures for the hearing.
This letter is without waiver of or prejudice to the rights and remedies of NSCC and DTC
whether at law or in equity, all of which rights and remedies are hereby expressly reserved. For
the avoidance of doubt, nothing in this letter shall prevent NSCC or DTC from exercising any of
8
Alpine is permitted to file a single, combined request for a hearing and a single written statement in response to both
the NSCC determination to cease to act and the DTC determination to cease to act. Because Alpine is a common
member of NSCC and DTC, and the NSCC and DTC cease to act determinations are based on the same factual
grounds, if Alpine timely requests a hearing, it would be afforded a single hearing before a hearing panel (“Panel”)
and would be heard on both the NSCC cease to act determination and the DTC cease to act determination.
Case 2:23-cv-00782-JNP-JCB Document 34-5 Filed 02/20/24 PageID.294 Page 8 of 9
8
their rights set forth in their r
w0wKramer improperlyBOT 2bill+LaidlawEGroupShares&Sold them to investors(2006-2010) Facts Kramer BOT&sold 1bill+ unregistered BederraCorp Shares that had been misappropriated by that company’s transfer agent (2009-2010)Source: https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125 $DBMM -1 LaidLaw Energy Group Inc (same Link) -6 SpartaCo alleges -8 $DBMM $HPIL $GTII HUD $VNUE Any more?Asking for a Friend Minimum 4 Fraud Cases!
Source: https://www.reuters.com/article/us-sec-pennystock-settlement-idUSBRE9AO11420131125
Let's Do a little Counting Exercise Kramer Defrauded:8+
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
"Not Kramer but a Fraud Asscociate" (Moot)!
"IT was a Kazillion Years Ago" (Moot)
"Evidence" (moot)!
ALJ Carol Fox Foelak (moot)!
CE drop (moot)!
Timely Filings (moot)
Are Late Filings also Moot? Asking for a Friend.
Happy Belated Groundhogs Day!
02/02/23
Chinese Regulators Tell Quant Funds to Stop Using a Popular Trading Strategy that allows them "to borrow as much as 300% of their investment from brokerages". .
— kristen shaughnessy (@kshaughnessy2) February 29, 2024
Regulators say they will "severely crack down on illegal activities and maintain the smooth operation of the… pic.twitter.com/4KxEU0n4VQ
So the answer is no you can't back up what your attempting to twist yet again. And it's not my job to look for or post your "proof" and if you call what you've posted in the past as "education" then it would only qualify for remedial gaslighting math and fud. If you really want to educate then why don't you explain the process to move short postions around and where all they can go? Then explain merely buying time to lock down and or hide assets? Actually wait, we don't need you to.
South Korea's temporary short selling ban to protect its financial markets applauded.
— kristen shaughnessy (@kshaughnessy2) February 29, 2024
"...With this decisive action, South Korea sends a clear message about its willingness to intervene in the market to prevent abuse and promote fair trading practices. The coming months will be… pic.twitter.com/bZZagStCaG
Nope... not doing your work for you anymore...besides, You guys know so much more than i could possibly know so Im not going to bother giving you important info on a silver platter. You and others clearly know more. Why don't you and Ham use your vast connections at NSCC DTC and get the info? Then again, if you verified this fact, there goes Hams Alpine short scam doesn't it? You are scared of facts. you like the fantasy/scam . Enjoy.
You want to put an actual link in there? because nothing comes up in a search for this cease to act for Alpine
Hearing good things are coming to $GTII. ⚡️
BTW, 2 🤡 have been on ignored all along so don't bother replying.
🤑$GTII🤑
Notice of NSCC and DTC Determinations to Cease to Act for Alpine Securities
Corporation (Member/Participant No. #8072)
here you go. educate yourself. 8 pages filed by NSCC fo Alpine failing to put up the newly required $10 million in ENC (excess net capital) as was put in place to all members a year ago. At no point in 8 pages of legal jargon is GTII mentioned, or a short or anything of that nature. NSCC is definitely taking steps to give the boot to them but its because of not having sufficient ENC not a phantom short on GTII...This is from last November and Alpine replied the other day but something tells me NSCC doesn't care and will cease trading for them but again NOT RELATED to GTII...ok Ham?
Wow HAM, you accidentally posted on the GTII board about GTII!
Keep it up!
w0w🤣Huzzah! TripleDigitRetail .289895 Trade|TotallyNormal
Global Tech Industries Group, Inc. has communicated with brokerage firms regarding the stock dividend issued in April 2023
Global Tech Industries Group, Inc.
Mon, Feb 26, 2024, 9:20 AM EST3 min read
Global Tech Industries Group, Inc.
New York, NY, Feb. 26, 2024 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today, as part of its objective to support its shareholders, that it has communicated with eight major brokerage firms through a registered letter in order to ensure that the stock dividend issued on April 29, 2023 is appropriately deposited into shareholders’ respective accounts. Furthermore, GTII wishes to inform shareholders that if they wish to deposit their shares in advance, they should complete a Stockholder’s Representation Letter,, which outlines the procedures to deposit their shares in advance. In any event, GTII believes that all shareholders should have their shares deposited on or around April 29, 2024, which marks the one year date from the date of issuance of the stock dividend. Liberty Stock Transfer Co., (“Liberty”), GTII’s transfer agent is also sending out a general information letter to the brokers that offers further clarification and assistance in responding to the receipt of any Stockholder’s Representation Letter, on the basis of a blanket legal opinion concerning the stock dividend held by Liberty.
David Reichman, Chairman & CEO of GTII, stated, “We appreciate our shareholders’ patience in awaiting the depositing of their 10% stock dividend. We will continue to support our shareholders and are doing everything we can to facilitate the process for them to obtain their dividend shares.”
About GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our Company at: www.otcmarkets.com/stock/GTII
Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
https://finance.yahoo.com/news/global-tech-industries-group-inc-142000661.html
I ShortNaked🔥4BabyJesusEveryday-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
I NakedShort🔥StocksEVERYday-ExMorganStanleyCupFan
“Gaming Wall Street”- HBO Documentary
Ex Morgan Stanley employee explains the situation about shorting and naked shorting perfectly!
Again, this is a MUST WATCH video for anyone who believes in shorting (naked or otherwise) of true penny stocks!
I'd love to hear a rebuttal to the facts that he presents!
Watch the WHOLE thing. It can be found on HBO as well as Youtube!
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$DBMM -1
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
LaidLaw Energy Group Inc (same Link) -6
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
SpartaCo alleges -8
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
$DBMM $HPIL $GTII HUD $VNUE
Any more?Asking for a Friend
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