$MMTLP
I have more questions
1) Why did FINRA say broker dealers didn't have advance notice of the U3 halt when 8 broker dealer representatives approved the halt???
That was a lie.
So why in the last 18 months hasn't Congress set a public hearing or issued subpoenas to FINRA and to every broker that allowed trading in
$MMTLP?
Start with Hilltop Securities.
Its Managing Director Kelly Bell was among the 8 broker dealers representatives on the FINRA panel that voted to unexpectedly halt
$MMTLP
Yet her company, Hilltop Securities, is a broker dealer in Texas that allowed
$MMTLP trading.
2)Why hasn't Congress held a public hearing and issued a subpoena for Hilltop's
$MMTLP trading records?
Kelly Bell's boss, Hilltop Securities CEO Brad Winges had an advisory role at the SEC so he has plenty of connections at the SEC and FINRA.
Thinking out loud here, those connections might be helpful if his firm got into a bind with its
$MMTLP position?
(Thanks
@DavidDi49963202 )
3) Why hasn't Congress issued a subpoena to find out what conversations Winges, Bell or anyone connected to them,
had about
$MMTLP with Pete Sessions (Hilltop donated to his campaign), or anyone in his office,
@FINRA and/or
@SECGov
4) Why hasn't Congress held a public hearing to find out if Hilltop and others oversold
$MMTLP?
When an airline oversells a flight, it is often forced to pay big money to get passengers to take a different flight .. and it doesn't take them nearly 600 days to do it.
If broker dealers oversold
$MMTLP, and it's clear they did, they still HAVE to settle those trades.
And they should have to pay the price investors are willing to accept.
It's not a good look for democracy when people see Congress, the SEC and FINRA trying to protect their friends and donors and run out the clock on investors.
Will
$MMTLP be what upends the cozy relationships between Congress, regulators and broker dealers?
Because people do turn on each other quickly when the pressure heats up.
And the first one to speak up usually gets the best deal.
The truth is easy to remember, lies not so much.
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