Wow!
This investors Hangout has some amazing info on its site. Not just the
i-hub scam but all penny stock scams/rampant naked shorting/money laundering/govt & finra collusion/ offshore havens for the elite/undisclosed
swiss accounts for the elite & more. I thought investigative journalism had died, but not so.
Lookee what I found just rummaging around:
https://investorshangout.com/Corruption-of-IH...ors-87274/
https://theintercept.com/2016/12/15/whistlebl...1#comments
Scroll down to Chris Dilorio's comments Dec 18 2016 & go backwards from there.
"The SEC authorized the DTCC to create a shadow clearing mechanism called the Obligation Warehouse so that participants like KCG could keep fails open and circumvent close out requirements of Rule 204. CLEARLY contrary to the Securities Act mandate to create a system of prompt and accurate settlement of securities transactions. The SEC fails data is for DTCC cleared trades ONLY. They know exactly the fails sitting in the non guaranteed OW. They just don’t disclose them. If Rule 204 was enforced consistently and for ALL participants, KCG would be out of business in a month."
How many know about the Obligation Warehouse???
Not trying to derail the board here but this is required reading IMO if
you want to understand the bigger picture here.
Just love Investors Hangout, what a breath of fresh air after the stinking pile of sewage that i-hub truly is.
tlo.
This investors Hangout has some amazing info on its site. Not just the
i-hub scam but all penny stock scams/rampant naked shorting/money laundering/govt & finra collusion/ offshore havens for the elite/undisclosed
swiss accounts for the elite & more. I thought investigative journalism had died, but not so.
Lookee what I found just rummaging around:
https://investorshangout.com/Corruption-of-IH...ors-87274/
https://theintercept.com/2016/12/15/whistlebl...1#comments
Scroll down to Chris Dilorio's comments Dec 18 2016 & go backwards from there.
"The SEC authorized the DTCC to create a shadow clearing mechanism called the Obligation Warehouse so that participants like KCG could keep fails open and circumvent close out requirements of Rule 204. CLEARLY contrary to the Securities Act mandate to create a system of prompt and accurate settlement of securities transactions. The SEC fails data is for DTCC cleared trades ONLY. They know exactly the fails sitting in the non guaranteed OW. They just don’t disclose them. If Rule 204 was enforced consistently and for ALL participants, KCG would be out of business in a month."
How many know about the Obligation Warehouse???
Not trying to derail the board here but this is required reading IMO if
you want to understand the bigger picture here.
Just love Investors Hangout, what a breath of fresh air after the stinking pile of sewage that i-hub truly is.
tlo.
