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Fun list, BABYF mentioned twice>>>
VEGAN AND SUSTAINABLE
STOCKS + ETFS
https://www.vegpreneur.org/vegan-stocks
More and more people are looking for sustainable investment opportunities. Luckily, there are opportunities to put your money in companies that don’t just value profits, but also their impact on people, animals, and the planet. Depending on your strategy there are various ways for you to invest your funds. From stocks to private companies, there is sure to be a way for you to put your money to good work. Discover the most up to date list of vegan, climate tech, sustainable, earth-friendly, eco-focused, and impact focused companies on the stock market. This list is updated from time to time with the latest investment opportunities!
Reminder:
This is not financial or investment advice. Please consult a financial advisor/expert when making investment decisions. Investing is risky.
Publicly Traded Companies (Public Stocks)
Once a company goes public, it can be found on the publicly traded stock market under a ticker symbol (for example, Beyond Meat can be found under ticker BYND). Not every company can be found on every stock exchange though depending on various factors (location, etc.). Be sure to find out which markets you can access through your broker (Robinhood, Interactive Brokers, WeBull, etc.).
How Do I Trade Stocks?
We recommend using WeBull (get 4 free stocks when you sign up with this link) or Robinhood (get 1 free stock when you sign up with this link) if you are located in the USA. If you are outside the US, we recommend looking into Interactive Brokers.
Food + Beverage
Beyond Meat (NASDAQ:BYND) (100% vegan ??)
Laird Superfood (NASDAQ:LSF) (100% vegan ??)
The Very Good Food Company (OTCMKTS:VRYYF) (100% vegan ??)
Else Nutrition (OTCMKTS:BABYF) (100% vegan ??)
Sol Cuisine (TSX: VEG) (100% vegan ??)
Zevia (NYSE: ZVIA) (100% vegan ??)
The Planting Hope Company (TSXV:MYLK) (100% vegan ??)
MGP Ingredients (Nasdaq:MGPI)
Vegano Foods (CNSX: VAGN) (100% vegan ??)
Forum II Merger Corporation (NASDAQ:FMCI)
Eat Beyond (CSE: EATS or OTCMKTS: EATBF)
Ingredion Incorporated (NYSE: INGR)
Sensible Meats (NEO: HOTD) (100% vegan ??)
AAK (STO: AAK)
Celsius Holdings (NASDAQ: CELH) (100% vegan ??)
Farmmi (NASDAQ: FAMI)
SenzaGen (STO: SENZA)
Local Bounti (NYSE: LOCL)
Oatly (NASDAQ: OTLY) (100% vegan ??)
Modern Meat (CSE: MEAT or OTCMKTS: SUVRF)
Else Nutrition (TSX Venture Exchange: BABY)
Total Produce PLC (LSE: TOT)
Burcon Nutrascience (TSX: BU) (NASDAQ: BRCN) (Frankfurt: WKN 157793)
Simris Alg (FRA: 5LU or STO: SIMRIS ALG)
Globally Local (TSX: GBLY) (100% vegan ??)
National Beverage Corp. (NASDAQ: FIZZ)
Mission Produce (NASDAQ: AVO)
Billy Goat Brands (CSE: GOAT or FRA: 26B)
Natural Order Acquisition Units (NASDAQ: NOACU)
Plant & Co. Brands Ltd (OTCMKTS: VEGNF)
PlantX (CNSX: VEGA) (100% vegan ??)
Komo Comfort Foods (CSE:YUM) (100% vegan ??)
Impossible Foods - Coming Soon!
JUST - Coming Soon!
Perfect Day - Coming Soon!
Veganz (VEZ.F) (Frankfurt, Germany) (100% vegan ??)
Vejii (CNSX: VEJ) (100% vegan ??)
Farming
AppHarvest (NASDAQ: APPH)
33,000 shares the last 1/2 hour gave the stock a nice gain.
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
"The Barley Protein Brewing Story"
A repeat post from 2022 about barley protein, a PDF from Henk Hoogenkamp, a world renoun plant protein expert and form RIBT BOD.
Link back to post I am responding to, nowmore pertainent in conjuction with my Oat Protein story I posted 2 days ago.
https://henkhoogenkamp.com/
Henk Hoogan,former RIBT BOD, and plant protein pioneer just got a new book out. One section is about "The Barley Protein Brewing Story"
Highlights>>>
The evolving plant protein and
fiber trend present challenges
and opportunities for the
processed meat industry. Even
though health and wellness in
processed meat products are not
really seen as trending, consumers
do pay attention and desire
traditional flavor and texture,
as well as keeping a clean &
natural label.
Barley, and especially barley-spent
grain, is emerging as a formidable
alternative to the current selections
of plant protein sources of soy
and pea. Beer-brewing companies
around the world have vast amounts
of barley-spent grain available
that otherwise will be sold as a
source of high-protein feedstock.
A Welcome Biodiverse
Protein
Protein is essential to proper
nutrition. Barley protein is a single
ingredient offering dual-function
solutions for improved nutritive
value and formulation challenges.
Barley protein is an excellent
source of essential amino acids,
and especially the branched-
chain amino acids (BCAAs) are
considered impressive. Barley protein
therefore compares favorably
to whey protein and, when blended
with whey protein and/or infused
with lysine of leucine, a DIAAS
of 1.00 can be reached.
Beer brewing removes the soluble
carbohydrates, hence most
insoluble nondigestible fiber
remains. These remaining fibers
are closely intertwined which
promotes good intestinal health
with little or no bloating and other
digestive problems. One of the
main advantages of barley-spent
grain is that most of the starch
component is already removed
during the beer brewing process.
This will greatly improve the
economics of scale. Barley-spent
grain has significant cost advantages
compared to soy and pea protein.
The younger generation of consumers
prefer food and beverage products
that are made with sustainable
ingredients that they recognize
and trust. The plantbased barley
grain has positive name and health
perceptions with all the ace-cards
to become trending in a diverse
range of applications such as
sausages, burgers as well as the
plant-based meat alternatives.
https://docs.google.com/document/d/1xsuxcMTs8ttZS5D3QOfUcFVJkBEE7MPmmutWEnJOods/edit
I believe is what we are seeing with LIV/PGA is a planned "world " golf league in the making. I will stop right there and let anyone use their own imagination rather than tie it to world politics here.
Wind turbine destruction>>>>>>>>
I had a nice Xmas Eve converstion with an owner of a big farm in near I35 in northern Oklahoma. She has many wind turbines and oil wells on her farm. She said that early on with wind turbines, farmers, who get a percent commission for the energy created, had to pay for disposal of the damaged or out dated turbines.when they needed to be replaced. And contract wording makes some current customers unaware of the potential costs. Just looking at the size of them, it is easy to see the cost would be enoumous for both the landfill, transportation, and cutting them into smaller pieces. I hope her deceased husband did not get "took".
https://www.youtube.com/watch?v=nemy4TD4I3A&ab_channel=JUSTAMAZING
Wind turbine destruction>>>>>>>>
I had a nice Xmas Eve converstion with an owner of a big farm in near I35 in northern Oklahoma. She has many wind turbines and oil wells on her farm. She said that early on with wind turbines, farmers, who get a percent commission for the energy created, had to pay for disposal of the damaged or out dated turbines.when they needed to be replaced. And contract wording makes some current customers unaware of the potential costs. Just looking at the size of them, it is easy to see the cost would be enoumous for both the landfill, transportation, and cutting them into smaller pieces. I hope her deceased husband did not get "took".
https://www.youtube.com/watch?v=nemy4TD4I3A&ab_channel=JUSTAMAZING
Federal Oats Mills ready for plant-based boom
Let's hope RIBT's management is getting their MGI Oat and barley mill ready too.
https://www.world-grain.com/articles/18130-federal-oats-mills-ready-for-plant-based-boom
PENANG, MALAYSIA — With its new state-of-the-art oat mill in Malaysia, Federal Oats Mills (FOM) is positioned to meet the ever-growing needs of the plant-based beverage and meat industries.
That was a key factor in deciding to build the new facility in Penang Science Park in Penang, Malaysia. Overall, the demand for oats has expanded significantly in the last 15 years, and FOM needed more capacity than was available at its original mill in Butterworth, Penang. That facility, built in 1965, had a capacity of 5 tonnes per hour (tph).
Completed in 2020 after 24 months of building and installation, the new mill has a production capacity of 10 tph and can be expanded to 25 tph.
The facility features a total floor area of more than 260,000 square feet and produces various oat products such as oat flakes, kilned dried hulled oats, oat bran and oat flour. Integrated packing lines pack products in everything from a 40-gram sachet to a 1-tonne bulk bag for retail, foodservice, and food and beverage manufacturers.
“We envision FOM to be the leading oats brand in Asia and the Middle East through our Captain Oats range of products, the preferred partner for private labels and the No. 1 choice for plant-based food and beverage manufacturers,” said Michael Chew, deputy managing director of FOM. “We may not be the biggest oats mill around but I’m confident that our diversified portfolio and service through over 50 years of expertise will make FOM a major player in the oat market in the future.”
A history in oats
FOM was founded in 1965 by the late Chew Choo Han (Michael Chew’s grandfather) as part of his plan to expand the family’s biscuit and flour businesses. He had a hunch that producing oatmeal was a potential business opportunity.
During British colonial rule, Malaysians were exposed to oatmeal porridge. Post-war, they became aware of the health benefits of oatmeal as a natural supplement for heart health due to its high beta-glucan content.
The mill’s initial location in Butterworth provided a skilled workforce pool, robust supply chain, strong infrastructure and government support. Shortly after its initial startup, FOM created its Captain Oats brand, which was exported successfully to the Middle East in the 1970s. Exports gradually expanded across Asia and Africa, with its products now available on supermarket shelves in more than 30 countries.
Originally, the mill had a capacity of 1.5 tph but it underwent numerous upgrades through the years until the capacity reached 5 tph.
But FOM quickly outgrew the facility and opted to construct a new mill in collaboration with Uzwil, Switzerland-based Bühler. FOM had worked with the company before on several milling projects.
“Bühler is an expert in this field, and we benefited from their technical know-how and open platform where we got to engage their experts from Uzwil, Switzerland, to design and build the oats mill,” FOM said. “With Bühler’s plant design, we are ready to meet future demand for oats through additional product streams within our plant or through expansion of our existing capacity.”
Given the wide scope of the project, a main challenge was the coordination among various stakeholders, such as architects, civil engineers, contractors and machine suppliers, in different phases of the project.
“We appreciate Bühler’s professionalism and holistic support throughout the different phases of the project,” FOM said.
State-of-the-art processing
The seven-floor milling process includes cleaning, dehulling, kilning, cutting, steaming, flaking and packing.
FOM imports raw oats in containers that go through security and cleanliness checking before the tipping process. To meet the diverse demands from its customers, FOM works closely with a select group of Australian oat suppliers for the highest quality oats. It also ensures that the oats are sustainably farmed and certified in keeping in line with the global drive toward sustainability and traceability, FOM said.
Raw oats are transferred to the pre-cleaning process before they are stored in the silos. FOM has more than 16,000 tonnes of storage capacity. The raw oats go through TAS (a high-capacity pre-cleaning machine), Sortex A with SmartEject technology to detect and remove impurities, destoner and intended separators in the cleaning process. All coarse and light impurities are removed.
Next, the cleaned oats are dehulled, separating the hulls from groats. All oat groats then go through the kilning process or hydrothermal treatment. In this stage, an enzyme in the groats is deactivated to ensure a high level of food safety compliance.
The kilned oats are cut according to the specifications of instant oats and quick cooking oats. Rolled oats bypass the cutting process. The cut groats or whole groats go through a streaming process where the groats’ structure is strengthened for the flaking process. At the same time, the streaming process adds to the food safety assurance.
Steamed groats are rolled into flakes with the desired thickness. Quality checks are done at this stage to ensure the flakes are meeting the specifications.
FOM has several packing lines for different packing formats such as pouch, sachet, jar, tin can and industrial bag. The packing and storage processes are supported by an ERP system to comply with traceability requirements. The mill is certified by global food authorities (MS 1480, ISO 22000, FSSC 22000), Halal certified and non-GMO certified.
Automated packing lines can pack oat products in consumer pouches, tin cans and reusable jars ranging from 40 grams to 2 kg. FOM can also pack 25-kg bags and 1-tonne bulk bags for industrial users.
Growth of oats
The facility has allowed FOM to broaden its supply toward the plant-based beverage and meat industries, where it has seen tremendous growth in recent years. It also increased automation within FOM’s operations and provided better control of the entire oat milling process.
All aspects of the facility — the production building, grain intake and grain storage silos — were designed and built for future expansion of the mill. FOM said it frequently reviews development of the oats market and evaluates the opportunities for further expansion.
Oats have increased in popularity as society seeks a healthier lifestyle and diets. Oats are one of the most nutritious grains with multiple health benefits. Additionally, they are versatile in food and beverage preparations and one of the main drivers of the current plant-based trend globally, FOM said.
“We believe that the oats segment will continue to grow in line with the positive trajectory of the plant-based trend,” it said.
Federal Oats Mills ready for plant-based boom
Let's hope RIBT's management is getting their MGI Oat and barley mill ready too.
https://www.world-grain.com/articles/18130-federal-oats-mills-ready-for-plant-based-boom
PENANG, MALAYSIA — With its new state-of-the-art oat mill in Malaysia, Federal Oats Mills (FOM) is positioned to meet the ever-growing needs of the plant-based beverage and meat industries.
That was a key factor in deciding to build the new facility in Penang Science Park in Penang, Malaysia. Overall, the demand for oats has expanded significantly in the last 15 years, and FOM needed more capacity than was available at its original mill in Butterworth, Penang. That facility, built in 1965, had a capacity of 5 tonnes per hour (tph).
Completed in 2020 after 24 months of building and installation, the new mill has a production capacity of 10 tph and can be expanded to 25 tph.
The facility features a total floor area of more than 260,000 square feet and produces various oat products such as oat flakes, kilned dried hulled oats, oat bran and oat flour. Integrated packing lines pack products in everything from a 40-gram sachet to a 1-tonne bulk bag for retail, foodservice, and food and beverage manufacturers.
“We envision FOM to be the leading oats brand in Asia and the Middle East through our Captain Oats range of products, the preferred partner for private labels and the No. 1 choice for plant-based food and beverage manufacturers,” said Michael Chew, deputy managing director of FOM. “We may not be the biggest oats mill around but I’m confident that our diversified portfolio and service through over 50 years of expertise will make FOM a major player in the oat market in the future.”
A history in oats
FOM was founded in 1965 by the late Chew Choo Han (Michael Chew’s grandfather) as part of his plan to expand the family’s biscuit and flour businesses. He had a hunch that producing oatmeal was a potential business opportunity.
During British colonial rule, Malaysians were exposed to oatmeal porridge. Post-war, they became aware of the health benefits of oatmeal as a natural supplement for heart health due to its high beta-glucan content.
The mill’s initial location in Butterworth provided a skilled workforce pool, robust supply chain, strong infrastructure and government support. Shortly after its initial startup, FOM created its Captain Oats brand, which was exported successfully to the Middle East in the 1970s. Exports gradually expanded across Asia and Africa, with its products now available on supermarket shelves in more than 30 countries.
Originally, the mill had a capacity of 1.5 tph but it underwent numerous upgrades through the years until the capacity reached 5 tph.
But FOM quickly outgrew the facility and opted to construct a new mill in collaboration with Uzwil, Switzerland-based Bühler. FOM had worked with the company before on several milling projects.
“Bühler is an expert in this field, and we benefited from their technical know-how and open platform where we got to engage their experts from Uzwil, Switzerland, to design and build the oats mill,” FOM said. “With Bühler’s plant design, we are ready to meet future demand for oats through additional product streams within our plant or through expansion of our existing capacity.”
Given the wide scope of the project, a main challenge was the coordination among various stakeholders, such as architects, civil engineers, contractors and machine suppliers, in different phases of the project.
“We appreciate Bühler’s professionalism and holistic support throughout the different phases of the project,” FOM said.
State-of-the-art processing
The seven-floor milling process includes cleaning, dehulling, kilning, cutting, steaming, flaking and packing.
FOM imports raw oats in containers that go through security and cleanliness checking before the tipping process. To meet the diverse demands from its customers, FOM works closely with a select group of Australian oat suppliers for the highest quality oats. It also ensures that the oats are sustainably farmed and certified in keeping in line with the global drive toward sustainability and traceability, FOM said.
Raw oats are transferred to the pre-cleaning process before they are stored in the silos. FOM has more than 16,000 tonnes of storage capacity. The raw oats go through TAS (a high-capacity pre-cleaning machine), Sortex A with SmartEject technology to detect and remove impurities, destoner and intended separators in the cleaning process. All coarse and light impurities are removed.
Next, the cleaned oats are dehulled, separating the hulls from groats. All oat groats then go through the kilning process or hydrothermal treatment. In this stage, an enzyme in the groats is deactivated to ensure a high level of food safety compliance.
The kilned oats are cut according to the specifications of instant oats and quick cooking oats. Rolled oats bypass the cutting process. The cut groats or whole groats go through a streaming process where the groats’ structure is strengthened for the flaking process. At the same time, the streaming process adds to the food safety assurance.
Steamed groats are rolled into flakes with the desired thickness. Quality checks are done at this stage to ensure the flakes are meeting the specifications.
FOM has several packing lines for different packing formats such as pouch, sachet, jar, tin can and industrial bag. The packing and storage processes are supported by an ERP system to comply with traceability requirements. The mill is certified by global food authorities (MS 1480, ISO 22000, FSSC 22000), Halal certified and non-GMO certified.
Automated packing lines can pack oat products in consumer pouches, tin cans and reusable jars ranging from 40 grams to 2 kg. FOM can also pack 25-kg bags and 1-tonne bulk bags for industrial users.
Growth of oats
The facility has allowed FOM to broaden its supply toward the plant-based beverage and meat industries, where it has seen tremendous growth in recent years. It also increased automation within FOM’s operations and provided better control of the entire oat milling process.
All aspects of the facility — the production building, grain intake and grain storage silos — were designed and built for future expansion of the mill. FOM said it frequently reviews development of the oats market and evaluates the opportunities for further expansion.
Oats have increased in popularity as society seeks a healthier lifestyle and diets. Oats are one of the most nutritious grains with multiple health benefits. Additionally, they are versatile in food and beverage preparations and one of the main drivers of the current plant-based trend globally, FOM said.
“We believe that the oats segment will continue to grow in line with the positive trajectory of the plant-based trend,” it said.
Animal and plant-based meat sales fall as consumer concerns about inflation mount
Snippet:
20-Feb-2023 By Elizabeth Crawford
Consumers pulled back on animal-based meat purchases in January after a slight uptick in sales and volume in December, likely related to holiday celebrations at home which for many Americans center around fresh meat, according to data from IRI crunched by 210 Analytics and Hillphoenix.
https://www.foodnavigator-usa.com/Article/2023/02/20/Animal-and-plant-based-meat-sales-fall-as-consumer-concerns-about-inflation-mount
Animal and plant-based meat sales fall as consumer concerns about inflation mount
Snippet:
20-Feb-2023 By Elizabeth Crawford
Consumers pulled back on animal-based meat purchases in January after a slight uptick in sales and volume in December, likely related to holiday celebrations at home which for many Americans center around fresh meat, according to data from IRI crunched by 210 Analytics and Hillphoenix.
https://www.foodnavigator-usa.com/Article/2023/02/20/Animal-and-plant-based-meat-sales-fall-as-consumer-concerns-about-inflation-mount
Nice article gfp. I am looking for a so so market until next years cheatlection. Then, the chit hits the stock market. I analyzed a baskey food stocks in the March 200 to Otober 2002 bear market. In the 30 month period the internet bubble NASDAQ lost 66% of its value. The S&P 500 lost 50%. My food basket had a slight gain plus any dividends.
Weather wise, the "bread basket" from Texas all the way to Canada is is a major drought. If that drought does not end, food commodities should do quite well with the negative press. I will add that in the last big drought in that area, they did OK because of the massive irrigation systems they have.
My bottom line is I like food stocks, but might like them better in 21 months.
That was their new cat food product that had a problem. No, their stage 2 human food plant in Dillon Montana is doing fine.
$RIBT Rice Bran Study 2022--- Conclusions
These results support rice bran as a functional food ingredient targeting gut mucosa in children at high-risk of malnutrition.
https://academic.oup.com/jn/article/152/7/1792/6570920
$RIBT Rice Bran Study 2022--- Conclusions
These results support rice bran as a functional food ingredient targeting gut mucosa in children at high-risk of malnutrition.
https://academic.oup.com/jn/article/152/7/1792/6570920
$RIBT traded all day above the 100 day moving average for the first time since the bottom. The tape shows the move was fueled by the bid being raised, good sign as smarter buyers are coaxing weak holders into selling.. The $1.30 official close was was exactly double the 12/16/22 intraday low of .65. The next test is the 200 day MA at $2.84. The lower channel line is rising at about 41% per month. That is a nice sustainable increase, IMO. If it lasts until the August CC, we'd be over $10.00, yes, probably slim chance of that, unless good news comes out. Super news and bast off time.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=7&dy=0&id=p88393334426
$RIBT traded all day above the 100 day moving average for the first time since the bottom. The tape shows the move was fueled by the bid being raised, good sign as smarter buyers are coaxing weak holders into selling.. The $1.30 official close was was exactly double the 12/16/22 intraday low of .65. The next test is the 200 day MA at $2.84. The lower channel line is rising at about 36% per month. That is a nice sustainable increase, IMO. If it lasts until the August CC, we'd be over $7.60, yes, probably slim chance of that, unless good news comes out. Super news and bast off time.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=7&dy=0&id=p88393334426
$RIBT The buy volume compared to sell today was very inpressive>>>>
https://ih.advfn.com/stock-market/NASDAQ/ricebran-technologies-RIBT/trades?_ga=2.256236424.2012683222.1554897425-334505475.1554897425
And in after hours now, $1.21 is above the 100 day moving average.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=5&dy=0&id=p58129432415
Burt Bacharach - This Guy's in Love with You
https://www.youtube.com/watch?v=2dDGnl8_Dzg&ab_channel=MusicWonders
$RIBT finally traded above the Ichimoku Cloud all day and the 20 day MA held. The next hurdle is the 100 day Moving Average. And above average volume for the day.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=5&dy=0&id=p58129432415
$RIBT finally traded above the Ichimoku Cloud all day and the 20 day MA held. The next hurdle is the 100 day Moving Average. And above average volume for the day.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=5&dy=0&id=p58129432415
I seems to me that if this BBBY financing scheme was used by all listed companies, stock markets would be doomed? I am referring to the coupons etc. And why did BBBY double right before the deal was announced? The must be a ton of angry buyers?
BBBY - swampboots, you may have been right on about BBBY, but something smells. The stock closes up 92% on humongous volume, then after hours BBBY announces $1B fund raise, down 34% after hours or near where it started the day. Tomorrow and thoughts swampboots?
https://finance.yahoo.com/quote/BBBY/?p=BBBY
Adding to my Vitru post, they might have been tied to the pump and dumpers, helping them out if their past history continues.>>>>>
Virtu boss defends payment for order flow after Reddit frenzy
https://www.ft.com/content/b1798a5f-2529-4d6f-a11b-08a5aa99fe63
Please use the sharing tools found via the share button at the top or side of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found at https://www.ft.com/tour.
https://www.ft.com/content/b1798a5f-2529-4d6f-a11b-08a5aa99fe63
Virtu Financial, one of the world’s largest market makers, has defended the practice of paying retail brokers to take their share deals, arguing there is no evidence that payment for order flow harms the market.
The comments, from Doug Cifu, chief executive, come as lawmakers in Washington prepare for hearings next week into the frenzied trading in stocks such as GameStop and AMC, made popular on the Reddit website.
The speed and depth of trading forced some online brokers to restrict trading in certain shares, angering clients and politicians, and putting a spotlight on the relationship between brokers, market makers and other players in the financial system.
Market makers including Virtu, Citadel Securities and Susquehanna paid retail brokers a total of $2.9bn last year to handle their trades, according to Bloomberg data. The market makers in return promise to execute the trade at or at better than current market prices.
On an earnings call with analysts, Cifu was asked about the effect on Virtu’s business if payment for order flow was “regulated out of existence”. In response, he called for more education of investors and more transparency.
“I think that’s really the solution, not just irrationally, you know, quote unquote banning something because we think it’s bad or it distorts the marketplace. I’ve never seen any shred of data that validates that assertion,” he said.
Virtu, which more than doubled its revenue in 2020, paid $315m to brokers for order flow on equities in 2020, with only Citadel Securities and Susquehanna paying more. In return, Virtu supplied $1.3bn in improved prices for retail investors, Cifu said.
Citadel Securities is expected to be among the companies asked to testify before a US House of Representatives panel next week about the “meme stock” mania, Reuters reported. Virtu executives did not say whether they were scheduled to testify as well.
For Virtu, banning payment for order flow wouldn’t cause “any change” to its business, Cifu said. He added, however, that he believed the practice was “important for innovation” in the industry, because it allowed brokerages to offer customers commission-free trades and “democratise” the marketplace.
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https://www.ft.com/content/b1798a5f-2529-4d6f-a11b-08a5aa99fe63
Cifu also threatened to leave New York if local authorities began taxing stock transfers, as several state senators have proposed.
“I will tell you that the notion of a transaction tax in New York is — I’ll use the word foolish, because I know what we would do. We would just leave the state of New York. We would never pay a penny of the New York state transaction tax.”
Virtu’s adjusted net trading income for 2020 was up 133 per cent to $2.3bn, from $975m the previous year, the vast majority coming from equity trades. The group’s total revenues increased 114 per cent year over year, rising to $3.2bn.
Copyright The Financial Times Limited 2023. All rights reserved.
Reuse this content(opens in new window)CommentsJump to comments section
Market makers can be worse. Look at market maker Virtu Finacial.>>>
SEC Orders Virtu to Pay $1.5 Million Penalty for Violations of Regulation SCI
https://www.sec.gov/enforce/34-87155-s
ADMINISTRATIVE PROCEEDING
File No. 3-18563
September 30, 2019 - The Securities and Exchange Commission today announced that Virtu Americas LLC (f/k/a KCG Americas LLC) agreed to pay $1.5 million to settle charges for failing to comply with Regulation SCI. The Commission adopted Regulation SCI to strengthen the technology infrastructure and integrity of the U.S. securities markets.
According to the SEC's order, KCG Americas operated an alternative trading system, or ATS, commonly referred to as a "dark pool." An ATS that exceeds certain trading volume thresholds is required to comply with Regulation SCI. The SEC order finds that KCG Americas implemented an automated system that was intended to keep its dark pool's trading volume below the volume thresholds by discontinuing trading in particular securities before the thresholds were met. KCG Americas relied on this system for more than a year and half. However, according to the SEC's order, the system did not function as intended, causing trading to exceed the thresholds that triggered the need to comply with Regulation SCI. Despite being subject to Regulation SCI, the firm failed to comply with various provisions of Regulation SCI from November 2015 through April 2017. Specifically, the SEC's order finds that KCG America did not: (a) establish the policies and procedures required by Regulation SCI; (b) file any quarterly or annual reports required by Regulation SCI; (c) conduct an annual Regulation SCI compliance review; (d) comply with various business continuity and disaster recovery plan requirements of Regulation SCI; or (e) maintain the books and records required by Regulation SCI.
The SEC's order finds that Virtu willfully violated the policy and procedure, reporting and recordkeeping provisions of Rules 1001, 1003, 1004, and 1005 of Regulation SCI, promulgated under the Securities Exchange Act of 1934. Without admitting or denying the SEC's findings, Virtu consented to the entry of a cease and desist order and agreed to be censured and to pay a penalty $1.5 million.
The SEC's investigation was conducted by Andrew R. McFall of the Cyber Unit and the Chicago Regional Office and Mandy Sturmfelz of the Market Abuse Unit. The investigation was supervised by Joseph G. Sansone, Chief of the Market Abuse Unit, Kathryn A. Pyszka, Associate Director of the Chicago Regional Office, and Amy Flaherty Hartman, Assistant Regional Director of the Chicago Regional Office. The Office of Compliance Inspections and Examinations Technology Controls Program conducted the examination that led to the investigation. The examination team included Lisa Robinson, Scott Aryan, Ann Moles and Rich Hannibal.
All the meme Reddit boys are laying low.
Eight Twitter finance gurus charged with criminal pump-and-dump scheme
https://www.theverge.com/2022/12/14/23508963/twitter-atlas-trading-discord-pump-and-dump-sec-doj-lawsuit-criminal-charges
The US Department of Justice has charged eight online finance influencers with criminal securities fraud for running a $114 million pump-and-dump scheme on their collective 1.5 million Twitter followers.
According to an indictment, members of a Discord-based forum called Atlas Trading used that platform and Twitter to promote stocks they’d purchased in large quantities, making misleading statements about the stocks’ value and their intent to hold it. Once followers had driven up the price, the group allegedly secretly sold off the stock to maximize their profits. The Securities and Exchange Commission (SEC) filed a parallel civil complaint. Both complaints charge seven of the men directly with securities fraud, while an eighth member is charged with aiding the conspiracy through a finance podcast. The conspiracy allegedly ran between January 2020 through at least April 2022, covering an explosion of interest in securities trading during the pandemic.
The conspirators include Edward Constantinescu (who went by Zack Morris on Twitter and currently has 500,000 followers), Perry “PJ” Matlock, John Rybarczyk (who went by “The Stock Sniper,” with 267,000 followers), Gary Deel (“Mystick Mac,” with 143,000 followers), Stefan Hrvatin (“Lade Backk,” with 150,000 followers), Tom Cooperman (“Tommy Coops,” with 129,000 followers), Mitchell Hennessey (“Hugh Henne,” with 237,000 followers), and Daniel Knight (“Dan, Deity of Dips,” with 170,000 followers). Knight ran a podcast called Pennies: Going In Raw that was co-hosted by one of the alleged fraudsters and, according to the SEC, promoted the others as expert traders.
The defendants’ fraud charges carry a maximum penalty of 25 years each, and Constantinescu faces an additional 10 years from a charge of engaging in unlawful monetary transactions.
The case is a still relatively rare example of legal fallout in the risky, personality-driven, and positivity-obsessed world of finance influencers, who pair unofficial trading advice with conspicuous displays of success — in the case of the eight defendants here, “pictures on Twitter of luxury residential properties, vehicles, jewelry, and other luxury items.” And the Justice Department’s indictment quotes a series of brazen text and recorded voice conversations between the alleged scheme participants.
At one point, Knight mocks an unnamed co-conspirator who frets about getting caught and says he wants to make buys “the right way”: “The f*cking right way? We’re robbing f*cking idiots of their money,” boasts Knight. (Asterisks reproduced from the indictment.) In the same conversation, Cooperman describes the mechanics of how Rybarczyk pumps stocks:
Like, what [RYBARCZYK] does is he alerts it, and then, like, five minutes later all his little minions start, like, retweeting it, and saying ‘added with him,’ so it, like, builds the hype back up. It happens every single time. They have this sh*t down to a f*cking science. It’s great.
In another recording, though, Knight worries some other members of the right might be getting too brazen. “I’m playing this extremely smart, for the very long term. If you don’t think all these f*ckers go to jail or at least get sued, you are crazy,” the indictment quote reads. “Just wait and see ... It’s market manipulation.” (The indictment’s mention of unnamed co-conspirators and recorded conversations implies that, as is not uncommon in finance schemes, somebody was snitching on the metaphorical group chat.)
Twitter shows that Atlas Trading members were identified as stock pumpers well before the indictment. An account called GuruLeaks, for instance, posted multiple tweets warning about the group. But the replies include defenders — “who cares ... I’ve been in since Feb,” reads one tweet from May 2022.
The manipulated stocks included China SXT Pharmaceuticals, Torchlight Energy Resources, GTT Communications, Surface Oncology, Alzamend Neuro, Universe Pharmaceuticals, ABVC BioPharma, DatChat, and Brickell Biotech. The Justice Department urges people who believe they were victimized by the scam to contact the address or number listed in its press release.
There is one dude at twitter of note. The Reddit guys are gone. The poster goes by IT@incredible trades, and has a paid following, but others follow for free, I am sure. I put up a post yesterday and get 128 views. He put one up yesterday and got 1124 views . Today his post mid morning he has 924 views. He has 48,000 followers. The reddit boys had like 530,000 followers and 321,000 followers. IT is a for real honest trader. I have communicated with him in the past about RIBT, like in 2017 when Continental was buying. He is a short term trader, swing trader. He is an honest man. He could stay in as long as RIBT hangs above the 100 day Moving average or channel lines or such. He has his ways. I hope more like him get in.
His posts have charts.
Commnet yesterday was, "$RIBT wants to double from here. ww". This morning it was , "$RIBT setup should squeeze"
$RIBT wants to double from here. ww
— IT (@IncredibleTrade) February 1, 2023
❤️❤️ pic.twitter.com/qtJyFqz1p0
$RIBT setup should squeeze pic.twitter.com/hTz2FmpT7g
— IT (@IncredibleTrade) February 2, 2023
Robobees Are Back — This Time In The Image Of A “Fairy” That “Could Help Save The Planet”
Tough cut and paste for me>>>>>
https://www.naturalblaze.com/2023/02/robobees-are-back-this-time-in-the-image-of-a-fairy-that-could-help-save-the-planet.html
I meant a declining RESISTANCE line.
$RIBT broke a declining resistance today and it broke away from the 50 day MA. Looks like it goes through the 100 day MA soon up toward $3. By then we should have the Q4 and year end SEC filings. Last year that was on March 17th. Hopefully good news then or before.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p76610759797
$RIBT broke a declining trendline today and it broke away from the 50 day MA. Looks like it goes through the 100 day MA soon up toward $3. By then we should have the Q4 and year end SEC filings. Last year that was on March 17th. Hopefully good news then or before.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=1&mn=0&dy=0&id=p76610759797
Beijing Promotes Rice Bran as Food Amid Famine Fears
https://www.theepochtimes.com/beijing-promotes-rice-bran-as-food-amid-famine-fears_5021445.html?&utm_medium=ChinaInFocus&utm_source=SocialM&utm_campaign=FoodShortageFamine&utm_content=1-30-2023
Does China have enough food to feed its people? After months of summertime flooding in recent years and a three-year COVID-19 lockdown that locked farmers inside their homes and away from their fields, the Chinese Communist Party says the country has reaped bountiful harvests for the past 13 years. But at the same time, it’s encouraging citizens to add something called rice bran into their diets. The fiber is usually reserved for livestock feed and fuel-making, and was only consumed widely by Chinese people some 60 years ago, during the Great Famine.
Beijing Promotes Rice Bran as Food Amid Famine Fears
https://www.theepochtimes.com/beijing-promotes-rice-bran-as-food-amid-famine-fears_5021445.html?&utm_medium=ChinaInFocus&utm_source=SocialM&utm_campaign=FoodShortageFamine&utm_content=1-30-2023
Does China have enough food to feed its people? After months of summertime flooding in recent years and a three-year COVID-19 lockdown that locked farmers inside their homes and away from their fields, the Chinese Communist Party says the country has reaped bountiful harvests for the past 13 years. But at the same time, it’s encouraging citizens to add something called rice bran into their diets. The fiber is usually reserved for livestock feed and fuel-making, and was only consumed widely by Chinese people some 60 years ago, during the Great Famine.
I have been busy lately and missed the TV on rounds 1 and 2(I thought) and dummy me as I was golf and basketball Saturday and thinking I am watching round 3 Saturday. Looking back, I was watching one of the most exciting golf finishes in quite a while and missed it emotionally, lol.
Congrats capgain!!!!!
I did a sample of some hot stocks. It was 50 day was better 20 times some the 100 better 35 times. I guess the 100 is more established or such.
I want to check using the 100 to det in and the 50 to get out.
The small stocks got killed the most last year. I'g guess they might do OK.
Correction, SURG, the 200
https://stockcharts.com/h-sc/ui?s=SURG&p=D&yr=5&mn=0&dy=0&id=p63663328393
I did a lot of trading in the past. Bear markets are tough, many false starts. I did not do well in 2008-10. And we have not had a log term bear innquite some time, may be in one now and not know it yet.. Still, moving averages get you out as well a keep you in.
My guess is market makers individually use certain moving averages. With RIBT, the 50 was key coming down he last six months and MIGHT signal a buy before the 100 now, if it holds?
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=5&mn=0&dy=0&id=p59232107979
SURG which we talked about here in the past, the one keeping us in now would have been the 100MA?
https://stockcharts.com/h-sc/ui?s=SURG&p=D&yr=5&mn=0&dy=0&id=p54825710052
Trading with moving averages
OSTK, you get in with the 20 day MA in April 2020 at about $5, get out at $95 in early August 2020.
https://stockcharts.com/h-sc/ui?s=OSTK&p=D&yr=3&mn=8&dy=0&id=p06202193535
They are no all that neat, lol. NTZ, in and out several times in the big rally from bottom to top with the 20-day, only the 100 worked all the way from about 1 to $16.
https://stockcharts.com/h-sc/ui?s=NTZ&p=D&yr=3&mn=3&dy=0&id=p84122115102
Me, I am hoping the 50 day holds from now until the moon, lol.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=4&dy=0&id=p11714133553
Trading with moving averages
OSTK, you get in with the 20 day MA in April 2020 at about $5, get out at $95 in early August 2020.
https://stockcharts.com/h-sc/ui?s=OSTK&p=D&yr=3&mn=8&dy=0&id=p06202193535
They are no all that neat, lol. NTZ, in and out several times in the big rally from bottom to top with the 20-day, only the 100 worked all the way from about 1 to $16.
https://stockcharts.com/h-sc/ui?s=NTZ&p=D&yr=3&mn=3&dy=0&id=p84122115102
Me, I am hoping the 50 day holds from now until the moon, lol.
https://stockcharts.com/h-sc/ui?s=RIBT&p=D&yr=0&mn=4&dy=0&id=p11714133553
In 2010 to 2011 RIBT went from .05(,04 intra day} to .36(.38 intra day. The point 05 was a chapter 11 filing. After that the stock had a 1 for 200 split in 2013 and the recent 1 for to. So the .05 low shows it at $140 and the top in 2011 as $720. LOL.
But my point is, that .05 to .36 in 10 months happened with no meanigful news.
Yes, I have been an in and out trader of RIBT since August 2006. I got out in 2007 with a 4 bagger and stayed out until the BK and took a flyer at .05 BK, a small trade. Got out again and back in and out. I fell in love in 2017 when Continental grain bought in. So, I am basically underwater all together. now I just added at .6924(average) and increased my share couint 77%, but still ashamed to tell you my average. My point is I have seen it all.
Does this mean RIBT will have another 7X rally with no news? LOL, probably not.
https://finance.yahoo.com/quote/RIBT/chart?p=RIBT#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