Glitch retweeted
Corruption/fraud in the stock market. Time for FINRA, the SEC, and the broker/dealer lobby (FIF) to be held to account for what they have done here. The MMTLP issue affects at least 65,000 investors, including veterans.
President Trump’s Administration has a letter for him to sign on the MMTLP issue that I and others have delivered.
The Hundreds of Veterans and Veteran Families deserve answers and accountability 👊🏼🇺🇸
@SusieWiles47 @ChrisLaCivita
Glitch retweeted
HE GETS IT!!! @darkside2030
@dotkrueger, MMTLP community would love an opportunity to fill you in. The fraud is ongoing and one of the biggest financial crimes of the century.
MMTLP MMAT TRCH NBH @nbhydrocarbons
Full Space Here (min 35:50): nitter.cf/dotkrueger/status/2107…
Thx @DVuHRU!!!
Glitch retweeted
The MMTLP crime scene has been frozen in time for almost four years because some big players on Wall Street hold the losing hand.
“When you have a heavily shorted security the one thing that will kill the market makers is if you do a special dividend into a non public company….
“…That’s how securities lending gets blown up…”
MMTLP $NWBO $FNGR $MONI
$AMC $GME MMAT
@Giftsonglass @kimkep4796
#mmtlp
Another great explanation.
Its not hard to figure out why they did it.
Everyone knows.
Glitch retweeted
🚨NAKED SHORTING IS A NATIONAL SECURITY THREAT...
Just ask @GenFlynn @laralogan.
After years of playing it their way, the CEO speaks out!!! Next Bridge Hydrocarbons CEO Greg McCabe tells the story behind the BIGGEST FINANCIAL CRIME of the century. So big, "nobody knows what to do".
If nothing is wrong, what is the share count?
MMTLP MMAT TRCH @nbhydrocarbons
Full interview W/ @GoingRoguewLara: youtu.be/kldHuo8ZGxo?si=9jEP…
Naked shorting was sold to the public as a CONSPIRACY THEORY.
It was not.
It became a way to grind companies down and cover up POOR RISK MANAGEMENT.
The mechanics live in MARKET STRUCTURE: locates that never become real shares, fails that linger, and selling that outruns actual SUPPLY.
Regulation SHO was written to stop that. A short sale is supposed to start with a LOCATE. The seller is supposed to borrow, or have reasonable grounds to believe the shares can be delivered. Failures to deliver are supposed to be CLOSED OUT.
Market makers were given an EXEMPTION for bona fide market making. That exemption is the opening. It lets them sell first and source later. Leaving their short "naked". In practice, “later” can become NEVER.
Once that advantage is in place, price can be pressed by selling more CLAIMS than the company issued. The count on the tape stops matching the count at the TRANSFER AGENT.
Brokers are paid to send household orders in bulk to those market makers. That is PAYMENT FOR ORDER FLOW. The UK, Canada, and Australia banned it, and the EU is phasing it out, because the router is no longer working only for the CUSTOMER.
Buy orders are often internalized or sent through DARK POOLS. Sell orders are more likely to hit the lit market. The public tape can show SELLING PRESSURE even when buying is stronger.
WRAPPED TOKENS made the locate problem worse. One token was treated as one share and used as a locate. In cases that later blew up, those tokens were not backed by the shares they claimed to represent. The inventory was PAPER.
That is how SECURITIES SOLD, NOT YET PURCHASED can run into the HUNDREDS OF BILLIONS across just a handful of firms. The trade is booked. Delivery is deferred. RISK sits off to the side until it can’t.
Some of the firms that ran that book already FAILED. Overleverage does not stay theoretical forever.
The usual story after that is that HOUSEHOLD INVESTORS caused the damage. That story is useful. It points away from selling what was not secured, then using routing, exemptions, dark venues, and wrapped inventory to keep the position ALIVE.
This is not one ticker. It is a PLUMBING issue. Any name with thin real float, heavy synthetic supply, and persistent fails can be run the same way.
Household investors did not invent the locate, the exemption, the dark pool, or the wrapped token. They noticed the CLAIMS in circulation no longer matched what could actually be delivered.
The public case is simple. If a share is sold, it should be delivered. If a locate is claimed, it should be REAL. If a market maker exemption is used, it should be for making a market, not carrying an unending SHORT.
A free market needs SETTLEMENT, ACCOUNTABILITY, and real SUPPLY against demand. That is PRICE DISCOVERY.
#NakedShorting
ALT Circular diagram titled “How extra supply presses price.” Five steps: 1 PFOF, household orders routed to market makers; 2 Exemption, market maker sells first and sources later; 3 Fail to deliver, the sale is booked but the share is not delivered; 4 Extra supply, claims on the tape exceed real shares; 5 Price pressure, synthetic selling hits the lit market and invites more order flow.
Glitch retweeted
Watch Latest Episode:
bit.ly/goingrogue-ep992
Glitch retweeted
Thanks @annvandersteel for this video. There is no immunity from fraud. In the MMAT BK case, the trustee has subpoened and the judge agreed that trading records from FINRA and NASDAQ need to be turned over. If the information is damning, I expect the trustee to push further for emails and comms to establish who was responsible and who potentially colluded. As the expression goes, "We'll See".
🚨A watchdog that can halt trading should be able to answer questions.
Who authorized the #MMTLP halt? Who benefited? Where are the records?
@palikaras @nbhydrocarbons @johnbrda keep demanding the paper trail.
Watch. Share. Turn up the pressure.
Because.....
Investors deserve answers when self-regulating non-government agencies ignore the consequence of their actions.
#FINRA #SEC #ReleaseTheRecords #InvestorRights
cc: @laralogan @cvpayne @SECGov @FINRA
Glitch retweeted
Greg McCabe broke his silence with Lara Logan and is taking his message to the President himself, A BILLION COUNTERFEIT SHARES
Trending AGAIN on X News, this Biden SEC and Congressional Scandal is gaining momentum and there’s nothing the Regulating/Market Maker Criminals can do about it 👊🏼🇺🇸
Glitch retweeted
THE INVERSE OF PUMP & DUMP
In the latest episode of Going Rogue with Lara Logan, Lara sits down with Greg McCabe, chairman and CEO of Next Bridge Hydrocarbons, as he breaks more than three years of public silence about the battle surrounding MMTLP and Next Bridge.
McCabe details what he alleges are serious failures in the U.S. financial markets, including naked short selling, unauthorized trading, counterfeit shares and the FINRA trading halt that affected roughly 124,000 shareholders.
McCabe explains what he calls “short and distort” — the inverse of pump and dump: profiting from a falling stock while negative information is used to undermine confidence in a company. Lara presses him on the role of regulators and what these practices could mean for everyday Americans invested in the stock market.
The episode examines the MMTLP controversy, the actions of FINRA and the SEC, the billion-share allegation, broker-dealer settlement issues and McCabe’s call for greater transparency and accountability.
@GregMcCabeJr | @GoingRoguewLara
Watch the full episode:
bit.ly/goingrogue-ep992
Support Going Rogue:
bit.ly/SupportLara
#LaraLogan #WallStreet #StockMarket #RetailInvestors #MarketManipulation
Glitch retweeted
🚨A watchdog that can halt trading should be able to answer questions.
Who authorized the #MMTLP halt? Who benefited? Where are the records?
@palikaras @nbhydrocarbons @johnbrda keep demanding the paper trail.
Watch. Share. Turn up the pressure.
Because.....
Investors deserve answers when self-regulating non-government agencies ignore the consequence of their actions.
#FINRA #SEC #ReleaseTheRecords #InvestorRights
cc: @laralogan @cvpayne @SECGov @FINRA
Glitch retweeted
Greg McCabe, chairman and CEO of Next Bridge Hydrocarbons, breaks three and a half years of public silence on the extraordinary failures of U.S. market regulation and blatant corruption at FINRA and the SEC. McCabe describes unauthorized trading of company shares, massive naked short selling, and a devastating FINRA trading halt that froze assets of 124,000 shareholders. Despite receiving SEC approval for share registration after three years, short sellers have refused to settle. McCabe calls for transparency, accountability, and government intervention to protect retail investors.
00:00:00 The Tip of the Iceberg: How Naked Short Selling Is Destroying American Companies
00:01:13 David vs. Goliath: Greg McCabe's Fight Against Wall Street Corruption
00:03:45 The Unauthorized Trading Scandal: How MMT LP Was Created Without Permission
00:07:47 Short Attacks Explained: The Organized Destruction of American Businesses
00:15:35 Naked Short Selling: The Counterfeit Share Scheme Bigger Than GameStop
00:17:15 Finra's Smoking Gun: The Illegal U3 Halt That Froze 124,000 Investors
00:28:05 The Cover-Up: 13,000 Pages of Hidden Communications and Gary Gensler's Lies
00:41:21 One Billion Counterfeit Shares: The Share Count They Don't Want You to See
00:46:33 The SEC Obstruction: Three and a Half Years to Approve a Simple S-1
00:51:21 Broker Dealers Caught Counterfeiting Shares Instead of Settling Debts
01:01:17 Death Threats, Suicides, and Shattered Retirements: The Human Cost of Market Fraud
01:20:44 The Path to Justice: What Greg McCabe Wants from Trump, the SEC, and America
@GoingRoguewLara
Glitch retweeted
Anson tried to buy shares in TRCH and shares in MMTLP. I also believe they tried to buy shares in MMAT. @palikaras has more color on that. I flat turned them down when I was CEO of TRCH as I knew they were short. They offered NBH a pittance so they were turned down there too.
Who is going to tell her??? @Palikaras @johnbrda
At least she had the nuggets to tag me on her trash-talking nonsense this time. @MmtlpD2627 #TryHarder
Glitch retweeted
$MMTLP
Breaking years of silence, Next Bridge Hydrocarbons CEO Greg McCabe sits down with award-winning investigative journalist @laralogan .
Tune in this Friday, September 25th, to Going Rogue with Lara Logan for a powerful episode you won't want to miss! 👇🍿🥤
Glitch retweeted
Last night’s Space with @nbhydrocarbons CEO Greg McCabe, @annvandersteel, and @laralogan was the preview.
Friday is the full #MMTLP interview with Lara and Greg, and everyone should tune in, even if you never owned the stock (trolls are welcome too).
Because the legal filings are the part that do not need a microphone.
If even a small part of what is alleged in the #MMAT Trustee’s complaint against Citadel, Anson and Virtu (who fought tooth and nail to NOT deliver their trading data/record) and what the litigation and discovery process may now surface, holds up, then this story becomes much bigger.
And I doubt those three are the only act on the bill.
In fact, around the 47-minute mark, Lara says it directly: this is impacting an “extraordinary number” of U.S.-listed companies.
She is absolutely right to raise that point.
Because if that is true, then this is not just one shareholder grievance or one unusual market event.
That is a Pandora’s box the financial market system now has to confront.
And when you eventually add crypto, tokenization, and 24/7 markets into that mix... the scale of the problem becomes exponential.
At some point, the machinery around all of this needs a proper reckoning... not another wrist-slap dressed up as “industry self-regulation”, right?
The longer @FINRA’s “financial industry” appears to protect its paying members… ehhh, sorry... nearly said customers!🤣… while retail investors and issuers are left completely in the dark, the harder that model becomes to defend.
And no FINRA FAQ or stonewall can ever truly hide, reconcile, or settle the record after the fact.
If self-regulation means the club looks after the club while everyone outside it absorbs the consequences, that is not regulation. It is a membership organization with a badge.
Now here is the part people should appreciate.
It has taken more than four years to catalogue and map this market plumbing:
-10s of thousands of hours of research by hundreds of members of the MMTLP community.
-Record setting 1,000+ FOIA requests.
-Pro-bono lawyers.
-Media.
-Shareholders.
-Ethical staffers in DC.
And now AI tools...
All working, in one form or another, toward resolution for more than 65,000 families.
And in doing so, I am convinced it can also help educate Congress; so that future generations, entrepreneurs, investors, teachers, veterans, and the middle class more broadly, are better protected.
Listening to yesterday’s Space, I kept thinking... HOW do you explain the #MMTLP fiasco to someone who doesn’t know a CUSIP from a boarding pass?
How do you explain it to someone with no financial background?
-At a family dinner.
-At the bar with friends.
-Over coffee with colleagues.
-Or to a complete stranger.
No technical jargon. No alphabet soup. No market-structure lecture... I’ve admittedly inflicted enough of those on people already! 😎
Just a picture everyone can understand.
So I started placing all the actors we have come across over the last four or five years into one setting. Yes... including the trolls! (You know who you are🧌)
Let’s place all of them in one place:
an airport...
Welcome to MIA:
MARKET INTEGRITY AIRPORT
Where market integrity occasionally goes missing in action.
...your departure board reads:
FLIGHT: MMTLP
DESTINATION: NEXT BRIDGE
GATE: U3
STATUS: HALTED
LUGGAGE: UNRECONCILED
Next post: the airport.
Glitch retweeted
Greg recently sat down with former CBS News and 60 Minutes correspondent Lara Logan for a hard-hitting, in-depth interview on her break-out new podcast series, “Going Rogue with Lara Logan.”
Glitch retweeted
After nearly four years, Next Bridge Hydrocarbons Chairman and CEO Mr. Greg McCabe is breaking his silence and speaking publicly about MMTLP and Next Bridge Hydrocarbons.
Glitch retweeted
There’s a lot of interest in my upcoming interview on MMTLP & possible corruption in financial regulation…one of the affected shareholders made this.
Glitch retweeted
What is the MMTLP Fiasco???...
Shareholders fight for transparency after a series of regulatory failures trapped them and froze their assets for nearly 4 years. Evidence of counterfeit shares, lack of SEC enforcement, and FOIA revelations fuel their fight in one of the biggest financial crimes in history.
If nothing is wrong, what is the share count?
MMTLP MMAT TRCH @nbhydrocarbons
Glitch retweeted
Coming soon on Going Rogue with Lara Logan…
If there wasn't an imbalance in MMTLP it would've made perfect sense for brokerages to follow the original plan of sending all shares to the transfer agent.
Instead, FINRA and the SEC apparently devised a plan to hide the problem.
Look at the first MMTLP Corporate Action and compare it to the second. (image 1)
FINRA claimed that they meant to include MMTLP Sybol Deletion would occur effective 12/13/22 but what happens if you pretend they did?
That initial Corporate Action would still make no sense because it said that MMTLP shareholders with settled positions as of the 12/12 Record Date would receive one share of Next Bridge Hydrocarbons for every share of MMTLP held on the Pay/Distribution Date of 12/14/22.
How can shareholders be holding MMTLP on 12/14/22 if it was Deleted effective 00:00:00 12/13/22???
(image 2 shows what the SEC made effective... A 12/14/22 Exchange followed by MMTLP Share Cancellation)
So instead of actually fixing the fact that FINRA incorrectly made 00:00:00 12/13/22 the overall Effective Date of the MMTLP Corporate Action, they instead removed any mention of 12/14/22, and made the revised Corporate Action all about Deleting the Symbol Effective 00:00:00 12/13/22, which was a full 40 hours before the actual EXCHANGE set to take place on 12/14/22 after the close of business.
Why did they do this?
I think it's because they needed to conduct their own EXCHANGE before the real EXCHANGE so that they could hide/track the obligations with their own system of identifiers.
Image 3 shows what actually occurred on 12/13/22. MMTLP was EXCHANGED for something but it wasn't Next Bridge Hydrocarbons. The Next Bridge Hydrocarbons shares weren't distributed until 12/14/22.
Don't include your personal information but feel free to share images from other brokerages showing that an MMTLP Exchange took place on 12/13/22.
There weren't enough Next Bridge Hydrocarbons shares for a 1 for 1 exchange. So far Tradestation is the only brokerage that admitted so. (image 4) @VP @FBI @TheJusticeDept
Glitch retweeted
TOO LATE!!!...
THEY CANNOT STOP WHAT IS COMING!!! #FAFO
MMTLP MMAT TRCH @nbhydrocarbons
WE HAVE IT ALL...👇👇👇
A warning to all you hatchet hedge fund cowboys:
DON’T GET CAUGHT IN A SHORT SQUEEZE.
And never manufacture FAKE NEWS to run a short and distort scheme.
Big Brother is watching. This time, they aren’t happy.
We the People are bringing the heat, and the government has no choice but to a few of you on the BBQ.
Anyone caught running a naked short operation with complicit media players may soon be trading Wall Street for a prison cell.
FOR A VERY LONG TIME. 😎