The only thing this dude did wrong was not book some profits. He's a true believer and he's getting sued by a bunch idiots who are angry that they lost on a stunningly stupid trade. This wasn't some newsletter pump and dump. Everyone gets what they deserve from the market, nothing more, nothing less. This case shouldn't even get to trial and if it does he loses only with the help of incompetent counsel.
I didn't realize this was a syswizard thread. Got him on full block: most useless poster in ET history.
Come on now, don't you follow the story? He already booked 13MM or so and his stock position is at 12 MM right now. ----------------------- But yeah, I don't get Syswiz's personal vendetta against him. It is like he works for Melvin Capital or somethin'....
newsletter pump and dump is so 1980s, this is 2020, those newsletters have been replaced with Tiktok and YouTube DIY "tutorials" pump and dump
No, no, no...I just want everyone to follow the rules. And Kitty broke the SEC collusion rules in a very clever fashion taking advantage of high tech. I don't even know if the SEC or FBI will be able to uncover his partner links in the encrypted websites like Wickr. It just may be impossible to recover any messages from that site since the messages "disappear" after a short period of time. What a scheme, what a scam !!! Very, very clever use of technology.
if he is indeed a Registered Broker in MA, using messaging tech that do not have a retention policy or are encrypted without the possibility of recovery, or hide encrypted messages from the regulators, then he will be found guilty by default of many other FINRA violations, and possibly obstructions to justice if the whole thing goes to the DOJ, then he is going to jail !!! LOL
You mean using the internet? That is not so high tech since the mid 2000s. Why wouldn't they just use burner phones, no electronic trace left behind? And what kind of secret messages when he had a public YT channel??? You still haven't told us your theory, who he was colluding with, etc. I thought you had a problem with his compliance. That is between him and his ex-firm.