Broken Arrow retweeted
Hester Pierce is resigning from the SEC.
Remember when every rule proposal that was proposed that would help transparency, Hester voted no. I do.
I'm sure there a story going on behind the scenes. Can't wait for her to show up at Virtue or Citadel or god forbid Jane Street.
A match made in hell
youtu.be/qrO4YZeyl0I?list=RDâŚ
Broken Arrow retweeted
Greg McCabe has chosen the @laralogan show to speak out on the $mmtlp situation. After 4 years this should be a great podcast. Supposed to be a long one. Spread the word. Friday September 25th, Greg McCabe speaks out!
Broken Arrow retweeted
It's easier to find who NOT to vote for than who to believe, but it's a start.
donorsecrets.com/ Let's you see who took money from whom. Look for candidates on your ballot that took money from Wall Street.
fec.gov/data/browse-data/?ta⌠Let's you look at specific candidates, too.
Broken Arrow retweeted
With or without money from Wall Street, Congress has to be voted in.
An informed voter -- not one that just follows names it knows or jumps on dog-whistle bandwagons -- is the enemy of political corruption.
Broken Arrow retweeted
62 days to Midterm Elections.
A well informed voter is the enemy of corruption.
"Go with the party" voters and those who respond to "hot-button topics" (dog-whistle issues) get all the government they deserve.
Broken Arrow retweeted
64 days to mid-terms. Who gains from low voter turnout?
>Special interest groups can spend their money more strategically.
>Political parties can energize their base and not answer to everyone.
>People who prosper with the way things are.
Broken Arrow retweeted
This view just hits different đ
@Astro_Christina and @astro_reid take a moment to look back at Earth as they continue deep into space toward the Moon.
ALT Inside the dim Orion spacecraft, a window in the center of the image shows a brightly lit Earth and an astronaut sits on the right side looking back at Earth. Credit: NASA
ALT Inside the dim Orion spacecraft, a window in the center of the image shows a brightly lit Earth and an astronaut sits on the right side looking back at Earth. Credit: NASA
Broken Arrow retweeted
In 2017, The Public Investors Advocate Bar Association @PIABANews published some interesting stats about FINRA's Board of Governors and their conflicts of interest.
What did PIABA find in 2017?
PIABAâs 2017 report identified 5â6 of 13 âpublicâ governors with material ties to FINRA member firms, asset managers dependent on broker distribution, or industryâfunded lobbying groups, plus serious âoverboardingâ concerns.
Source: dropbox.com/scl/fi/j1xuf44skâŚ
Examples from PIABA:
-William Heyman (Travelers CIO, Leumi board),
-Carol Anthony Davidson (Legg Mason director and significant shareholder),
-Shelley Lazarus (Blackstone director, Ogilvy/FINRA campaign work),
-Joshua Levine (Kita Capital, Fantex ties),
-Eileen Murray (Bridgewater coâCEO), and
-Randal Quarles (Cynosure, Chamber of Commerce).
Whatâs changed structurally since 2017:
1. Board size and mix: FINRA now describes a 22âmember board, with a majority of public seats (currently 12 public, 10 industry plus CEO), versus 24 members and 13 public seats in the period PIABA studied.
2. Process tweaks: recent notices emphasise the nominating process, term limits (two consecutive threeâyear terms), and âvariety of backgroundsâ for public governors, but the byâlaw test of âno material business relationship with a broker or dealer or other SROâ is unchanged.
3. Transparency: FINRA now lists current governors and committee roles on its site in more detail than preâFINRA360, consistent with what PIABA pushed for.f
Current public governors and likely conflicts (PIABAâstyle lens)
FINRAâs current public governors list (as of March 2026) includes individuals such as:
Fabiola Arredondo â private investment firm principal (Siempre Holdings), exâmedia/tech executive; likely extensive issuer and financialâsector exposure.
Deborah Bailey â retired; former senior banking regulator/Bigâ4 advisor (based on typical background for this name in prior years; FINRA bio indicates retirement and prior regulatory/consulting roles).
Rostin âRussâ Behnam â former CFTC chair, now at Bloomberg; deep derivativesâmarket/regulatory background and current senior role at a major data/markets vendor.
Tim Carter â former CFO and MD at Piper Sandler (midâmarket investment bank); strong historical industry alignment.
Dan Gallagher â Chief Legal/Compliance Officer at a major brokerâdealer/platform (current role cited in his appointment release), and former SEC Commissioner; clearly an industryâaligned seat even if classified as âpublic"
Heather Traeger â General Counsel/CCO of a large public pension or assetâmanagement complex (per appointment release), whose funds rely heavily on brokerâdealer and dealerâbank distribution.
Stephen Luparello â former SEC Director of Trading and Markets and former SRO/industry counsel; revolvingâdoor regulator background.
Derrick Roman â retired PwC partner; longâtime auditor of banks, asset managers, and brokerâdealers.
Gus Sauter â former Vanguard CIO; deep buyâside/assetâmanagement ties, and long experience with distribution through brokerâdealers.
Erik Sirri â former SEC Trading & Markets Director; academic/regulatory profile with heavy marketâstructure exposure.
Plus several other public governors with similar profiles listed on FINRAâs page; the pattern is consistent: exâregulators, assetâmanagement executives, majorâissuer directors, Bigâ4 partners, and marketâinfrastructure executives rather than investorâside advocates.
If we apply PIABAâs 2017 tests and criteria, counting as âconflictedâ any âpublicâ governor who:
1. Serves on boards or in Câsuite roles at financial firms with FINRAâmember subsidiaries or that rely on FINRA members for product distribution.
2. Holds significant equity stakes in such firms.
Is heavily âoverboardedâ across multiple large financialâsector boards.
3. Has current senior roles at large industry trade participants or vendors whose revenue depends on memberâfirm activity.
-then several current âpublicâ governors (e.g., Carter, Gallagher, Sauter, Behnam, Roman, Traeger, and any others with similar roles) would almost certainly be coded as âindustryâaligned public governorsâ rather than genuinely independent or investorâprotectionâoriented.
In other words, the specific names have changed, but the type of public governor has not:
the âpublicâ column is still dominated by people whose careers and economic interests are closely intertwined with brokerâdealers, asset managers, banks, and marketâinfrastructure firms, not by people whose primary identity is investorâprotection advocacy.
Below is a sideâbyâside table, the 2017 PIABA sample vs 2026 board, classifying each public governor as âinvestorâadvocateâorientedâ or âindustryâalignedâ using PIABAâs own criteria.
As you can see ânearly halfâ remains true in our latest FINRA updated list of Governors.
Source for full report: claude.ai/public/artifacts/dâŚ
Broken Arrow retweeted
â°đĽBreaking News:
I recently learned that Mrs Samantha Martin, who led the investigative side of the @johnbrda +me SEC case, is NO LONGER with the SEC Fort Worth...
Mr Chris Rogers, who worked under that structure, is also NO LONGER there, they left within weeks from eachother.
When key SEC investigators leave, how is continuity of understanding preserved?
No accusations, just facts
What remains is a trial team holding a file,
working from a record built by people who arenât in the room anymore.
I am not a lawyer but from what i am told, in complex cases, especially ones involving emerging high-technology and market structure integrity (they called it a novel case), the difference between reading the file and understanding the case is everything.
When institutional knowledge walks out the door,
what remains is interpretation.
And interpretation⌠is where things get interesting.
Broken Arrow retweeted
June 1983. A 28-year-old Steve Jobs walks into a design conference in Aspen, Colorado. He asks the room who owns a personal computer. Nobody raises their hand. He says âUh-oh.â
Then he spends the next 55 minutes describing the next four decades of technology.
Jobs told the audience Appleâs strategy was to âput an incredibly great computer in a book that you can carry around with you, that you can learn how to use in 20 minutes⌠with a radio link in it so you donât have to hook up to anything.â Thatâs an iPhone. In 1983. The Mac hadnât even shipped yet.
He described an MIT project that sent a camera truck down every street in Aspen, photographed every intersection, and built a virtual walkthrough on a computer screen. Google Street View launched 24 years later. He said office networking was about 5 years away and home networking 10 to 15 years out. The web went mainstream in the mid-90s, about 12 years later. Dead on.
He described software being sent electronically over phone lines, with free previews and credit card payment. Thatâs the App Store, 25 years before it launched. He even compared it to the music industry and said software needed âthe equivalent of a radio stationâ for free sampling. Apple built the iTunes Music Store 20 years later.
The AI prediction is the one that hits different now. Near the end, Jobs talked about machines that could capture a personâs âunderlying spiritâ or âway of looking at the world,â so that after they died, you could ask the machine questions and maybe get answers. He said 50 to 100 years. ChatGPT arrived in about 40.
The weird part is this speech was lost for nearly 30 years. The full hour-long recording only surfaced in 2012 when a blogger got a cassette tape from someone who attended the original conference. The Steve Jobs Archive didnât release actual video footage until July 2024.
His timelines were consistently too fast. He wanted the âcomputer in a bookâ within the 1980s. Appleâs first attempt was the Macintosh Portable in 1989, which weighed 16 pounds and cost $6,500. The iPad arrived in 2010, 27 years late. He guessed voice recognition was about a decade away. Siri launched in 2011, nearly 30 years later. The vision was right every time. The clock was wrong every time.
Apple was doing about $1 billion a year in revenue when Jobs gave this talk, with under 5,000 employees. Today itâs worth $3.7 trillion.
Broken Arrow retweeted
Just another slap on the wrist for Wall Street.
Only $80M for failure to report THOUSANDS of "suspicious transactions" in
"dozens of different over-the-counter securities".
@FinCENnews @SECGov
Today, FinCEN assessed an historic $80 million penalty against Canaccord Genuity LLC for securities fraud-related Bank Secrecy Act (BSA) violations. This is the largest penalty ever imposed against a broker-dealer for violating the BSA. fincen.gov/news/news-releaseâŚ
Broken Arrow retweeted
Bank Executive Accountability and Consequences legislation introduced in the House falls short of the perpwalk American Households need!
There is still no adult in the room to prevent what happened in 2008 (that set off a "Decade of Armageddon" and the Great Recession) and 2023 (three of the largest US bank failures ever).
"H.R.7886 - To provide Federal financial regulators with clawback authority over executive compensation and additional industry prohibition and civil money penalty authority with respect to executives whose negligence caused financial loss to the applicable financial institution."
Broken Arrow retweeted
Congressman @ByronDonalds, if this matter is truly under active SEC investigation, whatâs preventing a simple, direct request for the one piece of information that could bring real transparency without complicating any probeâ
What was the exact number of MMTLP shares sold to the public/investing retail investorsâ
Former executives at Meta Materials didnât manufacture or authorize those extra sharesâźď¸
The question of the public float/share count stands completely separate from ANY ongoing investigation into trading practices, naked shorts, or regulatory actions. âźď¸
Releasing that audited, aggregated number would resolve the core uncertainty for tens of thousands of investors whoâve waited over 3 years since the December 2022 halt.
MMTLP
Based upon this exchange, the @SECGov reached-out to my office to inform me that this is currently under investigation.
I proudly joined my colleagues in demanding MMTLP transparency back in 2023 and I thank the Trump adminâSEC for fighting to ensure that this issue is resolved.
We will continue to monitor the situation.
Broken Arrow retweeted
How 14.4M synthetic "phantom" $MMTLP shares appeared overnight, and who made it happen?
1/ Letâs talk about October 14, 2021.
TD Ameritrade confirms:
Only one venue was accepting orders for $MMTLP that day.
đ˘ GTS OTC.
No other destination is connected.
No routing alternatives.
Every trade had to go through GTS.
đŠ (see internal email @RareDealsHere post below )
$MMTLP The TD Ameritrade (TDA) message from October 14, 2021, explicitly states: "Currently, there is only one market destination accepting orders for MMTLP, which is GTS OTC." (IMAGE 1)
This confirms that on the day immediately preceding the first reported short interest, GTS was the only entity in the market accepting orders for MMTLP through TDA's platform (and TDA implies other brokers/market destinations were not connected).
The FINRA data shows that the first reported Short Interest (SI) Volume for MMTLP was on October 15, 2021, with a volume of 14,394,345 shares. (IMAGE 2)
This large initial short position appeared immediately after GTS was identified as the sole accepting market destination.
GTS was in a unique position to facilitate the short sale of these 14.4 million shares. Since short sales must be executed through a market maker/destination, the coincidence of GTS being the only acceptor and the large initial short volume on the following day strongly suggests GTS played a direct role in processing or internalizing these short sale orders.
But MMTLP shares were issued 1-for-1 only to existing TRCH investors via a reverse merger and there shouldn't have been shares locateable to facilitate shorting.
In a legal short sale, a broker must "locate" a share before the sale. The share is then borrowed and sold.
The existence of a 14.4 million share short position, particularly in a security with a severely restricted and finite float (issued 1:1 via a corporate action), suggests a massive failure in the locate and/or settlement process. GTS, as the primary/sole market destination, would have been the entity responsible for ensuring the locate requirements were met before facilitating the sale orders. The size of the short interest relative to the known float raises serious questions about whether:
GTS was able to locate this many shares.
The shares were sold without a proper locate (Counterfeit/Naked Short Selling).
GTS was the internal counterparty to many of these transactions.
Images 3 & 4 reflect that this coincides with the financials of GTS in the relevant time period. @SECPaulSAtkins @palikaras
Broken Arrow retweeted
Teaching my daughter about payroll withholding
She did chores all week so I owe her $10
I hand her $7
> this isn't $10
"right, I withheld the rest"
> what does that mean
"I kept $3 of your money"
> but it's my money
"It was your money"
> what are you even doing with it?
"Funding household infrastructure"
> what
"The roof over your head. The hallway you walk through to get to the bathroom. The door locks that keep strangers out"
> you're charging me for the hallway
"I'm charging you for access to the hallway. The hallway itself was a capital expenditure"
> you're my dad. you're supposed to---
"I'm also your government"
> what if I don't want to pay for the hallway
"Then I can't guarantee the hallway"
> it's a hallway. It's already there
"For now"
She asks what else the $3 covers
"Meals, dispute resolution, nightlight maintenance"
> dispute resolution?
"When your brother takes your toys and I make him give them back. That's taxpayer funded"
> that's just parenting
"That's the Department of Justice"
> what about meals. You already feed me
"That's a social program. Not everyone qualifies"
> I'm your daughter
"Which is why you're currently enrolled"
She wants to see where the money goes
I tell her that would require a FOIA request
> what's that
"A form asking me to show you what I do with your money. Processing time is 6 to 8 weeks"
> 6 weeks to see where my $3 went?
"Could be longer. We're understaffed"
> there's two of you
She asks how she gets any of it back
"It's already spent"
> you spent my money already?
"We had a budget shortfall"
> you just took it 20 seconds ago
"And the deficit existed 30 seconds ago. The timing worked out"
> so I'm not getting it back
"I didn't say that. You might qualify for a refund"
> of my own money
"Correct. You just have to fill out a form telling me how much you made"
> you know how much I made. You paid me
"Right but I need you to tell me how much I paid you"
> so you already know the answer
"The point is compliance"
She asks what happens if she gets the number wrong
"Penalty"
> from the money I don't have because you already spent it?
"We could set up a payment plan"
> I'm 8
"Monthly installments. Very manageable"
> you're going to penalize me for getting wrong a number you already know and then make me pay you back with money you took from me
"Now you're getting it"
> I want to talk to mom
"Mom's not a qualified representative. She can't help you here"
She stormed off to her room saying how this is extortion
Slammed the door
That's my little citizen
I've never been more proud
Broken Arrow retweeted
Not too late to be reminded by this thread. âŹď¸
250 days to Midterms 2026.
Let them know that you know. @congressdotgov
If they don't change this, change who you vote for.
"It is difficult to fight against anger; for a man will buy revenge with his soul." Heraclitus 500 B.C.E.
Long anger: ongoing sense that world is not what it should be. Long-cold anger: productive space where people find meaning & justice through action. @PsychToday 9 Sept 2021
Broken Arrow retweeted
My Grandparents Were Married For 60 Years.
One Day I Asked My Grandfather:
âWhatâs The Secret To Loving The Same Woman For A Lifetime?âďżź
He didnât laugh.
He didnât say âcommunication.â
He didnât say âdate nights.â
He looked at my grandmother, who was in the kitchen, and said:
âYou donât love the same woman.â
That confused me.
He said, âShe changes every few years. And if you donât update the way you love her, you lose her.â
He told me the girl he married at 22 wasnât the same woman at 30.
Motherhood changed her.
Loss changed her.
Time changed her.ďżź
âAt 40,â he said, âshe needed respect more than romance.
At 50, she needed partnership more than passion.
At 60, she needed presence more than promises.â
And every time she changed, he had a choice:
Complain that sheâs ânot like she used to be.â
Or learn her again.
He said the biggest mistake men make is this:
They fall in love once.
Then stop paying attention.
âLoving a woman for a lifetime,â he told me,
âis deciding to stay curious about her.âďżź
Not assuming you know her.
Not freezing her in the version you met.
He leaned back and said something Iâll never forget:
âIf you stop studying her, someone else eventually will.â
Sixty years.
Not because it was easy.
Because he kept relearning her.ďżź
Broken Arrow retweeted
đ¨ HE PAID $400,000 FOR A âBRAND NEWâ HOME â THEN SEES WHATâS HIDING BEHIND THE WALLS
He starts recording and shows whatâs about to be sealed behind drywall forever.
Gaps in a load-bearing wall.
Nails blown straight through studs.
Crooked cuts.
Splitting pressure-treated lumber.
Metal brackets barely seated.
âThis why you gotta come EVERY SINGLE DAY.â
Because once insulation and drywall go up?
You will NEVER see this again.
Inspection signs off.
Builder cashes out.
Youâre locked into a 30-year mortgage.
How the hell does this pass inspection?
Broken Arrow retweeted
MMTLP / MMAT
Today, I reflect on our accomplishments and truly how far we have come as a #TEAM
I am gracious of the boundless commitment of this group and the vigor to keep going.
"If all difficulties were known at the outset of a long journey, most of us would never start out at all."
- Dan Rather
We've got gas in the tank to go all night!
The #MMTLPARMY is #RELENTLESS!
(Make sure you watch until the endđ)