AMC April 8 Timeline

The most important roundup of news for AMC April 8 2021

  1. New SEC filing reflects plaintiffs’ assertion that over 30 brokerages, trading firms, and/or clearing firms “including Morgan Stanley, E*Trade, Interactive Brokers, Charles Schwab, Robinhood, Barclays, Citadel and DTCC engaged in a coordinated conspiracy in violation of anti-trust laws to prevent retail customers from operating and trading freely in a conspiracy to allow certain of the other defendants, primarily hedge funds, to stop losing money on short sale positions in GameStop, AMC and certain other securities.”
  2. Matt Kohrs gets banned by Youtube without any justification (only public outrage and pressure eventually gets him reinstated)
  3. SEC warns SPACs to cut the dirty tactics
  4. SEC’s Chief of the Office of the Whistleblower, Jane Norberg, to Leave Agency
  5. Last day to submit your comments to the SEC in support of the approval of Rule NSCC-2021-801!  Rule NSCC-2021-801 is the proverbial “nail in the coffin” that reeeeeeeeeeeally has the hedge funders shitting their fancy little britches.  A decision will be imminent after April 8.  The SEC is currently deliberating whether to approve this SUPER CRITICAL Rule SR-NSCC-2021-801, which would allow the NSCC to assess the risk of members (i.e., hedge funds) on a daily basis and also demand a higher Secondary Liquidity Deposit (SLD) on a daily basis if a member risks defaulting.  If approved, this rule will force hedge funds and market makers to pay more if they are “playing too risky.”  It will also allow the DTCC to liquidate a member’s positions if those positions jeopardize the NSCC’s ability to complete that day’s trades.  Furthermore, the arguably most important aspect of Rule NSCC-2021-801 is that hedge funds would no longer be able to take advantage of an inexplicable lack of scrutiny to hide naked shorting, FTD shares, dark pool trades, ladder attacks, trading amongst themselves to artificially lower the price per share, etc.  They will no longer have 30 days to “get their affairs in order,” either.  Transparency could be our newest and greatest weapon!

Information and Timeline provided by u/AgedMurcury78 in his amazing Ultimate AMC Timeline document.