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Friday, November 15, 2019 9:07:22 AM
We have seen 100% that hedge funds and EXACT trade swapd have occurred and Millennium is not clean as Ronin Capital not clean
Hedge funds are OK with paying fines to get what they want....and Avid CDMO and PS Targeting is what many want ...so a little background on Millennium just as the past frauds of Ronin were exposed
Now, this should call to action for ALL Avid Bioservices CDMO shareholders to file complaints with SEC FBI DOJ FDA because one must refile all complaints prior sent in as there is an ACTIVE investigation
My dog can see the trading days of July and stock swaps this past quarter and all prior trading ....to see there is a problem
SEC can thoroughly comb thru ALL trades and all trades must be sought after again ....and then we will tie MORE puzzle pieces to come...
Millennium Management past fraud now may be tied to stock manipulation with Avid CDMO
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Millennium created approximately 100 new legal entities, with unrelated names, to hide its identity thereby enabling it to execute market timing trades in mutual fund shares without detection by the mutual fund families. The entities opened over 1,000 accounts at various brokerage firms in order to further conceal the fact that Millennium's market timing was being conducted by the same entity.
Millennium also engaged in market timing trading through variable annuity contracts, employing a number of deceptive practices to avoid detection as a market timer. For example, in certain applications for annuity contracts, Millennium employees misleadingly represented that the annuities were suitable for the employees' long term investment strategy or for their retirement investment plans when Millennium intended to use the annuity contracts for solely market timing purposes.
Because mutual funds attempted to identify market timers by tracking registered representative numbers, Millennium used brokers with multiple registered representative numbers in order to evade certain mutual funds' market timing restrictions.
Millennium used a variety of other methods to avoid detection by the mutual funds, including (i) breaking up large trades into several smaller trades, (ii) leaving small positions when trading out of a mutual fund to avoid raising the mutual fund's suspicions, and (iii) using clearing brokers who aggregated trades in omnibus accounts that concealed the identities of the individual entities making the trades. These structured trading and omnibus account trading strategies were specifically intended to hide Millennium's market timing activities from mutual funds that sought to prohibit Millennium's market timing.
Millennium, with Englander and Feeney's knowledge and approval, deployed "sticky" assets, through broker-dealers, to obtain timing capacity that the brokers had negotiated with the mutual funds.
https://www.sec.gov/news/press/2005-170.htm
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