OK, I’ll take that one. Simple version.
What does alleged corruption have to do with current AMC share price? Example Scenario-100% of shares are held. A new entity wants to buy 1 share. In a free/fair market the price should go up to get first willing person to sell. Instead corrupt market maker/SHF team to create 101% shares via in-house IOUs and price drops instead creating FTDs. Then it’s found that they can and will short 101+% of entire float. The strat is so successful in past they bankrupt businesses using it. -But- market maker/SHF risk getting caught and bankrupting themselves if investors/institutions say enough is enough and start squeezing with the price going up. So the relationship in a squeeze is “more corruption=bigger squeeze=higher price per share”. Get it?
What is factual basis for claims that Mr. Gensler (SEC) and Kenneth Griffin should go to jail? Ok, two part answer:
First the SEC Mission Statement literally is, “The mission of the SEC is to protect investors; maintain fair, orderly, and efficient markets; and facilitate capital formation. The SEC strives to promote a market environment that is worthy of the public's trust.” So, if the corruption outlined in the previous paragraph was, in fact, allowed to happen on Mr. Gensler’s watch and his admin, then he did NOT perform his mission and fiduciary duty to the public, did he? Should there be some form of accountability for failure to do the primary mission of one's job? Probably. (Especially when it’s the public’s interest on the line) Responsibility and accountability is probably in the forefront of most reasonable people's mind, so it makes sense that if investors were NOT protected, and/or fair+orderly+efficient markets were not found during a term, then that would be the “for what”...ESPECIALLY if it crosses the boundary to an accomplice (that did nothing and had the duty) rather than a bystander (that did nothing and didn’t have duty).
Second, if Mr Griffin is at the helm of an institution that was/is found to be contributing to corruption instead of a free and fair transparent market by manipulating prices for his own benefit over public investors, then that reason alone is enough to hold accountable as a “for what”. In fact, there is a laundry list of examples in the past where those entities have been ‘called out’ and fined by the SEC in the past for bad behavior. It’s just this time (meme stocks phenomenon) appears to be a bigger scenario with higher stakes than usual.
But thank you so much for your concern about other people’s money and investments! Good luck to you as well. :-P
All IMO/NFA.
