Proposal for Congressional Policy to Address Naked Short Selling.
Making Markets Transparent Legitimate and Principled (MMTLP Policy)
Executive Summary:
Naked short selling—essentially the counterfeiting of stocks—is eroding trust in our financial markets and jeopardizing the retirement accounts of countless Americans. The case of ticker symbol MMTLP serves as a stark illustration of the pervasive issues linked to these practices. This proposal advocates for a congressional hearing to investigate the ramifications of naked short selling and to establish policies that safeguard investors and enhance market transparency.
Background:
The trading of MMTLP was halted by FINRA nearly two years ago due to what they called an “extraordinary event”. This event was never disclosed to the investors who have had their funds frozen for nearly two years. The unprecedented U3 halt of MMTLP resulted in significant financial distress for 65,000 to 100,000 investors. Despite their efforts to communicate the details of this situation to Congress, there has been insufficient support for a formal inquiry. Compounding this issue, the SEC has stonewalled congressional inquiries, while FINRA has actively resisted transparency efforts in court, preventing a clear understanding of the actual share count related to MMTLP.
Objectives:
Conduct a Comprehensive Investigation and obtain the Certified Audited Aggregate Share Count for MMTLP.
Gather Investor Testimonies. Collect firsthand accounts from affected investors to highlight the real-world impact of naked short selling on their financial security and retirement savings.
Establish a congressional hearing to delve into the practices of naked short selling and prioritize efforts to ascertain the certified audited aggregate share count of MMTLP, promoting transparency and accountability within the market.
Formulate Regulatory Reforms: Based on the findings of the hearing, propose specific regulatory changes aimed at enhancing market transparency, protecting investors, and preventing further abuses.
Rationale:
The situation surrounding MMTLP exemplifies what may be one of the largest Wall Street scandals in decades. Regulatory bodies, which are intended to protect investors, have instead contributed to their harm through inaction and resistance to transparency. A formal congressional hearing will not only bring these critical issues to light but will also empower Congress to enact meaningful reforms that restore trust in our financial system.
Call to Action:
I urge Congress to prioritize this issue by supporting the establishment of a hearing to prioritize the certified audited aggregate share count of MMTLP. By doing so, we can protect investors, ensure a fair market environment, and uphold the integrity of our financial system.
I am an investor in MMTLP. All we are asking is for a share count. Self-regulated agencies like Finra and SEC are working hand in hand with criminals to facilitate financial terrorism right here in the US.
Miss @LauraLoomer assisted in spreading the #MMTLPfiasco so can you! 65,000 families are stuck without answers!!! PLEASE CONSIDER THIS POLICY FOR THE PEOPLE!!! RESOLVE MMTLP!
Enough is Enough! Tens of thousands of Americans including a large number of Veterans have been stuck in this halt for nearly 2 yrs. Please help resolve MMTLP and return the lives back to a multitude of innocent Americans.
For the sake of all citizens nationally and internationally, the corruption must stop. Stop the Naked Shorts. Pretending they don’t exist or exist only a “little” is ludicrous. Freeing the MMTLP family who has been suffering for almost 2 years needs to happen. Make this massive wrong, right.
As an intl investor I have removed all my remaining $ in the market. Thus pulling out of investing in companies, because of the rampant fraud in the market.
$mmtlp case in point, my $ has been frozen for over 650 days. Acct is at zero…Zero! Who has my $? I want it back! With interest btw.
Regulators, FINRA along with SEC, have been compromised, no one overseeing.
Something needs to be done NOW! govt whom oversee the regulators have done nothing!
HELP us bring faith back into .
65,000 MMTLP shareholders have been suffering Financially for almost 2 years now Through no faults of their own. The shareholders along with myself, I’ve been stuck here due to an unnecessary U3 halt By Finra. Investors were led to believe the treating wouldn’t end until December 12, 2022, but that was not what happened and now we were stuck here waiting for a resolution please help. This article explains everything in a simple understanding format.
As a 54yo military retiree, I can honestly say I have never witnessed such a bizarre chain of events perpetrated by a government agency as those seen in the MMTLP situation. It sickens me to learn of the underlying corruption happening daily in our markets, allowing regulators (FINRA/SEC) to favor the interests of financial firms over individual investors. #PatByrne for SEC Chair!
#MMTLP needs an audited aggregated share count, coming up on almost 2 year’s without Congressional or Regulator oversight. 65k plus families have been hurting Emotionally, Mentally, Physically, Financially, Spiritually,
companies, because of the rampant fraud in the market.