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Replies to post #22939 on AMC Entertainment Holdings Inc (AMC)
footballref-8541
04/09/21 12:25 AM
#22942 RE: Shockerj #22939
ktf7
04/09/21 2:09 AM
#22945 RE: Shockerj #22939
In one of the few reported decisions discussing the books and records provision, a federal district court described the provision’s three goals: (1) assure that an issuer’s books and records accurately and fairly reflect its transactions and the disposition of assets, (2) protect the integrity of the independent audit of issuer financial statements that are required under the Exchange Act, and (3) promote the reliability and completeness of financial information that issuers are required to file with the Commission or disseminate to investors pursuant to the Exchange Act. SEC v. World-Wide Coin Investments Ltd. (N.D. Ga. 1983)
bio33
04/09/21 6:09 AM
#22952 RE: Shockerj #22939
Biobillionair
04/14/21 10:50 PM
#23836 RE: Shockerj #22939
Won't Citadel and GME Shorts Keep Kicking the Can? They won't be able to. Citadel and GME shorts are not stabilizing the price; DTC, OCC, and non-member institutional shareholders are "coordinating" to stabilize the price right now. Once DTC and OCC members are protected, the borrow rates will go up, margin calls will trigger, and the squeeze is on. Can't DTC and OCC Keep Doing This Forever? DTC and OCC members likely want to resolve this as much as we do. Everyone knows the GME shorts are going to default. That's why DTC-004, OCC-004, OCC-003 were created. They have already accepted these defaults as a result of the impending scramble to cover, but they are bending the rules at the moment to set up their firewalls.