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Tuesday, January 09, 2024 1:34:06 PM
I assert naked shorting is happening across the entire penny stock market and despite the lack of evidence, I suspect it happened with ASTA too.
I agree totally.
The hedge funds are likely funded by REPOS. The Fed making money off of millions of small OTC traders. Of course the SEC will only give lip service to much needed change. 55+ years of begging for change and all we got was Glass Steagall albeit with a few sharpened incisors. But but but....
"Separately, starting in the 1980s, Congress debated bills to repeal Glass–Steagall's affiliation provisions (Sections 20 and 32). Some believe that major U.S. financial sector firms established a favorable view of deregulation in American political circles, and in using its political influence in Congress to overturn key provisions of Glass-Steagall and to dismantle other major provisions of statutes and regulations that govern financial firms and the risks they may take.[26] In [color=red]1999 Congress passed the Gramm–Leach–Bliley Act, also known as the Financial Services Modernization Act of 1999,[27] to repeal them.[/color] Eight days later, President Bill Clinton signed it into law.
Aftermath of repeal
Main article: Glass–Steagall: Aftermath of repeal
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