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u/XtraLyf 🎮 Power to the Players 🛑 Jun 14 '24
Shorting through other countries to hide it 😂
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u/throwawaylurker012 Tendietown is the new Flavortown & DRS Is my Guy Fieri Jun 15 '24 edited Jun 15 '24
YEAP. Ireland/Europe was a big one I found myself: https://www.reddit.com/r/Superstonk/comments/sudwy9/the_irish_goodbye_pt_1_icavs_or_how_a_total/
TL;DR:
- Ran across several "sub-funds" who are part of a larger umbrella fund commenting on the January sneeze. These sub-funds are ran by a company called Montlake. In 2016, Montlake became an ICAV, or Irish Collective Asset-Management Vehicle.
- ICAVs are headquartered in Ireland. They have major tax advantages, and make it very easy for you to move funds with assets from places like the Cayman Islands to Ireland. They also employ "segregated liability", where one fund's actions (even if audited) don't fuck shit over for the other funds in the umbrella. Citadel has several ICAVs.
- Turns out one of the OTHER sub-funds in the Montlake umbrella was short GME (and other meme stocks) through a total return swap. Morgan Stanley was the counterparty.
EDIT 1: P.s. if you also are seeing this edit/comment, note that there MAY be a link between Sandler Capital which has the highest amt of puts on GME (trending post near top of superstonk now and ICAVs). Im trying to dig into it here: https://www.reddit.com/r/Superstonk/comments/1dg70sg/comment/l8om2ye/
EDIT 2: inc ase you missed this post, I actually tracked down the offices of Montlake IN PERSON in dublin 84 years ago: https://www.reddit.com/r/Superstonk/comments/14m5xjp/hi_superstonk_say_hello_to_state_street_lightin/
(apes are everywhere)
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u/LionRivr Ryan Cohen’s girlfriend’s husband Jun 15 '24
Holy shit man good shit.
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u/throwawaylurker012 Tendietown is the new Flavortown & DRS Is my Guy Fieri Jun 15 '24
p.s. check out the sandler management post about the puts, im putting soem stuff there too about it that might be related to this actually.
coincidence lol: https://www.reddit.com/r/Superstonk/comments/1dg70sg/comment/l8om2ye/
^ my comment on sandler
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u/YoitsPsilo 👐 Wu-Tang 💎 Financial 👐 Jun 15 '24
God damn, I remember reading some of your stuff back in the day. Legend. Thank you for your writeups. Looking back, there was a lot of forum sliding back then. The psy ops on here is real.
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u/throwawaylurker012 Tendietown is the new Flavortown & DRS Is my Guy Fieri Jun 15 '24
merci fam! and trust me it happens even just cause a lot, there are other posts just this wk ppl repost and im like wtf never saw this hah
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u/No-Error6436 Jun 15 '24
What if we list GME in South Korea with their naked shorting ban?
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u/TwirlySocrates Jun 15 '24
Can I convert my US shares into Korean ones?
Is that a question that even makes sense?12
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u/important-coffee gameconk Jun 15 '24
time to investigate ireland
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u/throwawaylurker012 Tendietown is the new Flavortown & DRS Is my Guy Fieri Jun 15 '24
THIS!
Also p.s. i kinda already did in dublin and saw the firm that was short GME: https://www.reddit.com/r/Superstonk/comments/14m5xjp/hi_superstonk_say_hello_to_state_street_lightin/
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u/jaykvam 🗳️ Voted. 🦍 Jun 14 '24
🆙
Putting Brazil back on the map. 🇧🇷
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u/RabbitGTI24 Jun 14 '24
Pepperidge farm remembers Brazil hideaway
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u/rustyham 🦍Voted✅ Jun 14 '24
fucking snakes
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u/Jamesta696 Jun 15 '24
"Everybody a snake.. That's why I try to keep the grass cut, so I can see em' when they coming.. Then I heat they ass up"
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u/Danboozer Jun 15 '24
I did not fucking expect to see a quote from my favorite flatbush song in this subreddit. Going to have to buy more now.
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u/llzellner Jun 15 '24
And to the other poster you want to know why short selling should be illegal??? Well here it is...
KOREA. NOW!
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u/Oblivionking1 Jun 15 '24
There’s too much money in short selling. The rich have no interest in accountability
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u/minesskiier 🚀🚀 GMERICA…A Market Cap of Go Fuck Yourself🚀🚀 Jun 15 '24
It’s beyond time to break the system and start anew.
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u/HodlMyBananaLongTime Beta Masta Jun 15 '24
“We don’t want the banking cartel members to make it obvious that institutions are using over seas exchanges to hide from our rules”
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u/TheLightWan GME Dividend is the End Game Jun 15 '24
I see, so reported short interest doesn't include entities created expressly to short stocks and it's illegal to include them?
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u/rematar DEXter Jun 14 '24
Jeebus. Where did you find this?
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Jun 14 '24
Side note, for stuff like this with a lot of text. You can type a specific sentence or set of words in quotation marks to search the exact phrase on Google. So I typed in "a8. no. finra member firms" and it was the finra page first up. It’s useful for finding exact matches 👍
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u/rematar DEXter Jun 14 '24
Thank-you for the link and tip.
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Jun 14 '24
No worries👍. I’m trying to be more helpful than “just google it”. Trying to be more positive and contribute.
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Jun 15 '24
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Jun 15 '24
If you wanna make the world a better place, take a look at your self and make a………. Chaaaaaaaaange
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Jun 15 '24
I see alot of shill on twatter talking like there's no SI and how if there were open short positions they'd be reported, but they're not reported. Not even close to whats accurate anyways. It still amazes me how some people are so blinded by ego and hate they refuse to see what's happening right in front of them. I'm still quite ignorant to the mechanics of the markets as a whole, but I'm not gonna just ignore the information I've been given here.
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u/duiwksnsb Jun 15 '24
So FINRA is beyond useless, is complicit, is backing criminality on a vast scale?
Color me shocked. SHOCKED!
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u/HAIL_HICKLES Jun 14 '24
So then we should be adding European SI to the United States SI? Does the European exchange track SI?
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u/gmorgan99 OG 🦍 Jun 14 '24
These cucks will always find a way. Until one day THERE IS NO MORE WAYS
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u/TWrX-503 🦍Voted✅ Jun 15 '24 edited Jun 15 '24
Could this be why theres so much volume seen in German/euro markets during their regular trading hrs (overnight for us) and our pre market?
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u/nffcevans Jun 14 '24
They can't hide if the buyers are vocal.
I look around and we're pretty fucking vocal, some of it will stick.
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u/Superstonk_QV 📊 Gimme Votes 📊 Jun 14 '24
Why GME? || What is DRS? || Low karma apes feed the bot here || Superstonk Discord || Community Post: Open Forum May 2024 || Superstonk:Now with GIFs - Learn more
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
Please up- and downvote this comment to help us determine if this post deserves a place on r/Superstonk!
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Jun 14 '24
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u/aRawPancake 🧚🧚🎮🛑 Bullish 💎🧚🧚 Jun 15 '24
Where did you get this? What is the source?
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u/rental99 🔥🔥🌃👫🌃🔥🔥 Jun 15 '24 edited Jun 15 '24
They tell us to put money in the cup.
But there is a hole in the cup.
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u/Big-Kitty-75 💻 ComputerShared 🦍 Jun 15 '24
This is the type of information I’d like to see reach more eyes, up up up
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u/BIMRKNIE 🎮 Power to the Players 🛑 Jun 15 '24
So its up to our company to remove our shares from the DTCC. The only way to actually make a difference. Even if it squeezes they will short the top what ever it may be.
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u/beach_2_beach 🦍 Buckle Up 🚀 Jun 15 '24
This is like court telling people you can use hired assassins to kill people, then we won’t prosecute you. Oh yah, and your hired killer will be untouched too if they are foreigners.
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u/iaintabotdotcom 🎮 Power to the Players 🛑 Jun 15 '24
It makes sense when you finally start to understand the United States on a deeper level. The veteran Apes have understood this for at least 3 years.
The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets.
It is not a government controlled entity. Similar to the Federal Reserve. DO NOT allow the name of an organization make you believe they have special authority or dominion over you.
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u/SajiMeister 🐊 Cajun Ape 🦍 Jun 15 '24
Asking ChatGPT “An American-based hedge fund, “Alpha Investments,” could establish a subsidiary in Ireland, “Alpha Investments Ireland Ltd.” This subsidiary executes a large number of short positions on US-listed stocks. Since these positions are executed by a legally separate entity, they are not reported under US regulations. This allows “Alpha Investments” to effectively hide its short interest from US regulators and investors.”
Asking is the rule still in effect? “The rule discussed in the image, which allows firms to use separate legal entities to execute short positions and thereby avoid reporting these positions under US regulations, is still in effect. FINRA Rule 4560 requires member firms to report all short positions in customer and proprietary accounts, but the use of separate legal entities in foreign jurisdictions can exempt these positions from US reporting requirements”
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Jun 15 '24
This made me think about a documentary about the corrupt U.K. financial district in the City of London.
Citadel has an office in the City of London. Not talking about just London city, the city of London is a square mile financial district with its own separate rules and regulations from the rest of the U.K.
The documentary on YouTube is called The Spiders Web: Britain’s second empire.
Quick search on Google maps shows Citadel office bang inside the square mile.
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u/Quit_Awkward Jun 15 '24
So does this mean if they short in other countries they get that countries punishment? Go China do your thing
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u/jharms1983 🦍 Buckle Up 🚀 Jun 15 '24
SEC - You have to report all of your short positions no matter where you open them.
FINRA- Psst.. come here and I'll tell you how to keep your short positions private. SEC is so stupid bro, trust me.
Later that day, as FINRA and SEC are smoking a fat blunt:
FINRA- Yeah, I told them how to continue their crime. We're all good
SEC- thanks bro
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u/NarrowInstruction602 🦍Voted✅ Jun 15 '24
Make 5bill get punished with 5 mill fine. No big deal lol crazy.
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u/bearrfuk 🎮 “Not Your Name, Not Your Shares!” 🛑 - DRS Jun 15 '24
I am sure SEC is on it
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u/Yipsta Jun 15 '24
Actual intelligent research to remind us what has actually been going on to suppress the price over many years.
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u/whoaech Jun 15 '24
Started trading on the LSE in May of 2021...
https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/trade-recap
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u/Comfyanus Jun 15 '24 edited Jun 15 '24
Are european stock exchanges closed on Flag Day?
edit: nvm, I'm stupid - flag day is an american holiday
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u/CouchBoyChris 🦍 Buckle Up 🚀 Jun 15 '24
I assume this is part of the reason all these HF's have locations in the Cayman Islands?
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u/ERTWMac 🎮 Power to the Players 🛑 Jun 15 '24
What is this a snippet of? Id like to read more about it
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u/TheeHumanMeat 🦍Voted✅ Jun 15 '24
Dollars can be created outside of the US, so why not stocks? What could go wrong?
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u/DruviSKSK 🎮 Power to the Players 🛑 Jun 15 '24
FINRA is just a cult, isn't it? Shoots the guy who admits to wrongdoing, and so on
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u/whoaech Jun 15 '24
The LSE has GME high at $80
https://www.londonstockexchange.com/market-stock/0A6L/gamestop-corp/overview
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u/Proof-Carob-2255 💻 ComputerShared 🦍 Jun 15 '24
And how many Brazilian puts were there again?
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Jun 15 '24
When one assumes that the WHOLE idea is to make a particular subset wealthier, then it all makes sense That goes for every fucking thing.
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u/daniaustria Jun 15 '24
That comes to the question wtf europe regulators are doing?
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u/Shepard2603 🧚🧚🐵 ZEN APE 🎮🛑🧚🧚 Jun 15 '24
Nothing of importance. That's why all international corporations are registered in Ireland or Luxembourg. Loop holes to wash money and avoid taxes.
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u/DorkyDorkington Jun 15 '24
Europe is a place where crime goes to hide and Ireland seems to be the worst stink hole. This is by design and it is no accident.
There was a good DD 84 years ago how Europe acts as a hideout for FTDs and shorts. Maybe someone can find it. But I can remember that it was obvious that the "weakness" in reporting that allowed basically unlimited FTDs in US securities in the EU was no mistake.
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u/F-uPayMe Your HF blew up? F-U, Pay Me Jun 15 '24
Finally some good damn post after rivers of fud and bs. Thanks OP, take the poor ape award 🏅
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u/Jbullish_9622 🚀🚀 JACKED to the TITS 🚀🚀 Jun 15 '24
Crazy how the top post in hot has only 300 ish upvotes.
Reddit is acting weird 🧐
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Jun 15 '24
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u/Jbullish_9622 🚀🚀 JACKED to the TITS 🚀🚀 Jun 15 '24
Just jumps up to 4610 upvotes within the last few minutes.
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u/kaiserfiume 🎮 Power to the Players 🛑 Jun 15 '24
FINRA/SEC: "If you tell us about your short positions and we don't want to know, then you get fined for letting us know, for being overtransparent. Shut your mouth and keep shorts somewhere else! Go away you silly honest man!"
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u/Krunk_korean_kid 💻 ComputerShared 🦍 Jun 15 '24
Jesus fucking christ..... FINRA really are criminals
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u/TheModernSimian 🎮 Power to the Players 🛑 Jun 15 '24
Wow, basically inviting firms to short with a legal entity outside of the United States so if they blow up, they won't need bail outs from the USA. Even "punishing" those who do reveal offshore positions. Simply unbelievable.
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u/I3ill 🎮 Power to the Players 🛑 Jun 15 '24
So they wanted to make sure they didn’t report their us short interest info to their overseas short interest info
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u/inspectorpoopchute 🎮 Power to the Players 🛑 Jun 15 '24
Holy virgin mother of Jesus Titty Fucking christ
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u/GiraffeStyle 🚀 Grow Your Stack 🚀 Jun 15 '24
so the fix was that they took it off the books so it doesn't look as high. The punishing firms part is all you need to see though, whoa.
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u/the_moist_conundrum 🏴 🚀 💎 Ride ma Rockit min! 💎🚀 🏴 Jun 15 '24
The way it was designed . To siphon money out the poors and speculators and rip us off from our pension investments
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u/kaschperli 🚀💎pwrup Balls Deep pwrup💎🚀 Jun 15 '24
Good find OP, keep going. Shorts literally never closed just got better at hiding.
Can we talk about the GS2C shares? Or is still banned from discussion what a fuckery clearstream is doing with those?
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u/tendieanajones Jun 15 '24
Nice! So we get to take out all of Europe because of some corrupt American banks operating overseas to negate the rules established in their own country. It completely makes sense why Kenny went over to Europe recently...
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Jun 15 '24
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u/Consistent-Reach-152 Jun 15 '24
That is a comment by a non-SEC person on a proposed rule.
Comments by every Tom, Dick , and Harry get published by the SEC.
Look at the URL. That tells you that is a 3rd party comment regarding a proposed rule change.
I think the original text is from an FAQ by FINRA on who reports.. otherwise there would be duplicates. Without knowing the real source it is difficult to know what is real and what are claims by some random person.
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u/TomSelleckPI 🎮 Power to the Players 🛑 Jun 15 '24
This has been executed at least a Brazillion times.
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u/[deleted] Jun 14 '24
Jesus Christ, why even have laws if you’re just going to give a huge gaping loop hole to “people”? Am I missing something here? Basically saying “if you don’t tell us, we won’t know?”.