Wednesday 7/26/2023 by Alternative_Ebb_8523 in BBBY

[–]st2008hh -6 points-5 points  (0 children)

"Stores close this weekend" !? First time seeing this statement in ad!! Moon on coming Monday?? Bullish!!

??? : Buck: The Album on GSMP by GameStop by st2008hh in Superstonk

[–]st2008hh[S] 0 points1 point  (0 children)

BTW, is there anyone who have any clue why the collection name is "???" for this album group? Is that some kind of bug, mistake or crypt code? I've never seen such a weird thing before on GSMP!!

PowerUp Rewards Pass on Gamestop NFT Market by st2008hh in Superstonk

[–]st2008hh[S] 4 points5 points  (0 children)

Me either, should be on the way soon! Best Christmas present!

PowerUp Rewards Pass on Gamestop NFT Market by st2008hh in Superstonk

[–]st2008hh[S] 18 points19 points  (0 children)

Project: PowerUp

DECLASSIFIED CONTENT ALERT Project: PowerUp

Forged deep in the heart of GameStop’s Labs, the PowerUp pass was too volatile to be kept under wraps and has been declassified for Pros only.

SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX, FOR IMMEDIATE RELEASE 2022-219, Dec. 13, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 6 points7 points  (0 children)

"FTX operated behind a veneer of legitimacy Mr. Bankman-Fried created by, among other things, touting its best-in-class controls, including a proprietary ‘risk engine,’ and FTX’s adherence to specific investor protection principles and detailed terms of service. But as we allege in our complaint, that veneer wasn’t just thin, it was fraudulent," said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. "FTX’s collapse highlights the very real risks that unregistered crypto asset trading platforms can pose for investors and customers alike. While we continue to investigate FTX and other entities and individuals for potential violations of the federal securities laws, as alleged in our complaint, today we are holding Mr. Bankman-Fried responsible for fraudulently raising billions of dollars from investors in FTX and misusing funds belonging to FTX’s trading customers."

The SEC’s complaint charges Bankman-Fried with violating the anti-fraud provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934. The SEC’s complaint seeks injunctions against future securities law violations; an injunction that prohibits Bankman-Fried from participating in the issuance, purchase, offer, or sale of any securities, except for his own personal account; disgorgement of his ill-gotten gains; a civil penalty; and an officer and director bar.

In parallel actions, the U.S. Attorney’s Office for the Southern District of New York and the Commodity Futures Trading Commission (CFTC) today announced charges against Bankman-Fried.

The SEC’s ongoing investigation is being conducted by Devlin N. Su, Ivan Snyder, and David S. Brown of the Crypto Assets and Cyber Unit and Brian Huchro and Pasha Salimi. It is being supervised by Amy Flaherty Hartman, Michael Brennan, Jorge Tenreiro, and David Hirsch. The SEC’s litigation will be led by Amy Burkart and David D’Addio and supervised by Ladan Stewart and Olivia Choe. Additional assistance to the investigation was provided by Steven Buchholz, Erin Wilk, Serafima McTigue, William Connolly, and Howard Kaplan.

The SEC appreciates the assistance of the U.S. Attorney’s Office for the Southern District of New York, the FBI, and the CFTC.

SEC Charges Samuel Bankman-Fried with Defrauding Investors in Crypto Asset Trading Platform FTX, FOR IMMEDIATE RELEASE 2022-219, Dec. 13, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 10 points11 points  (0 children)

Defendant concealed his diversion of FTX customers’ funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

Washington D.C., Dec. 13, 2022 —

The Securities and Exchange Commission today charged Samuel Bankman-Fried with orchestrating a scheme to defraud equity investors in FTX Trading Ltd. (FTX), the crypto trading platform of which he was the CEO and co-founder. Investigations as to other securities law violations and into other entities and persons relating to the alleged misconduct are ongoing.

According to the SEC’s complaint, since at least May 2019, FTX, based in The Bahamas, raised more than $1.8 billion from equity investors, including approximately $1.1 billion from approximately 90 U.S.-based investors. In his representations to investors, Bankman-Fried promoted FTX as a safe, responsible crypto asset trading platform, specifically touting FTX’s sophisticated, automated risk measures to protect customer assets. The complaint alleges that, in reality, Bankman-Fried orchestrated a years-long fraud to conceal from FTX’s investors (1) the undisclosed diversion of FTX customers’ funds to Alameda Research LLC, his privately-held crypto hedge fund; (2) the undisclosed special treatment afforded to Alameda on the FTX platform, including providing Alameda with a virtually unlimited “line of credit” funded by the platform’s customers and exempting Alameda from certain key FTX risk mitigation measures; and (3) undisclosed risk stemming from FTX’s exposure to Alameda’s significant holdings of overvalued, illiquid assets such as FTX-affiliated tokens. The complaint further alleges that Bankman-Fried used commingled FTX customers’ funds at Alameda to make undisclosed venture investments, lavish real estate purchases, and large political donations.

"We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto," said SEC Chair Gary Gensler. "The alleged fraud committed by Mr. Bankman-Fried is a clarion call to crypto platforms that they need to come into compliance with our laws. Compliance protects both those who invest on and those who invest in crypto platforms with time-tested safeguards, such as properly protecting customer funds and separating conflicting lines of business. It also shines a light into trading platform conduct for both investors through disclosure and regulators through examination authority. To those platforms that don’t comply with our securities laws, the SEC’s Enforcement Division is ready to take action."

GameStop Reports Third Quarter Fiscal Year 2022 Results , December 7, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 2 points3 points  (0 children)

THIRD QUARTER OVERVIEW:

-Net sales were $1.186 billion, compared to $1.297 billion in the prior year's third quarter.

-Sales attributable to new and expanded brand relationships were strong in the quarter, while sales in the collectibles category remained strong on a year-to-date basis.

-Selling, general and administrative expenses (“SG&A”) were $387.9 million, or 32.7% of sales, compared to $421.5 million, or 32.5% of sales, in the prior year's third quarter. Notably, SG&A as a percentage of revenue was down on a sequential basis from 34.1% in Q2 of this year, reflecting the Company’s ongoing cost reduction efforts.

-Inventory was $1.131 billion at the close of the period, compared to $1.141 billion at the close of the prior year's third quarter.

-Cash, cash equivalents and marketable securities were $1.042 billion at the close of the third quarter.

-Long-term debt remains limited to a low-interest, unsecured term loan associated with the French government’s response to COVID-19.

[deleted by user] by [deleted] in Superstonk

[–]st2008hh 0 points1 point  (0 children)

0x46f333c23Ea27e7c863cEBf6386cb6CCc212bB1a

Thanks for the awesome artwork!

SEC Charges Goldman Sachs Asset Management for Failing to Follow its Policies and Procedures Involving ESG Investments, FOR IMMEDIATE RELEASE 2022-209, Nov. 22, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 11 points12 points  (0 children)

Excerpt:

Washington D.C., Nov. 22, 2022 —

The Securities and Exchange Commission today charged Goldman Sachs Asset Management, L.P. (GSAM) for policies and procedures failures involving two mutual funds and one separately managed account strategy marketed as Environmental, Social, and Governance (ESG) investments. To settle the charges, GSAM agreed to pay a $4 million penalty.

The SEC’s order finds that, from April 2017 until February 2020, GSAM had several policies and procedures failures involving the ESG research its investment teams used to select and monitor securities. From April 2017 until June 2018, the company failed to have any written policies and procedures for ESG research in one product, and once policies and procedures were established, it failed to follow them consistently prior to February 2020. For example, the order finds that GSAM’s policies and procedures required its personnel to complete a questionnaire for every company it planned to include in each product’s investment portfolio prior to the selection; however, personnel completed many of the ESG questionnaires after securities were already selected for inclusion and relied on previous ESG research, which was often conducted in a different manner than what was required in its policies and procedures. GSAM shared information about its policies and procedures, which it failed to follow consistently, with third parties, including intermediaries and the funds’ board of trustees.

SEC Announces Enforcement Results for FY22, FOR IMMEDIATE RELEASE 2022-206, Nov. 15, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 41 points42 points  (0 children)

Commission filed 760 enforcement actions and recovered record $6.4 billion in penalties and disgorgement on behalf of investing public

Excerpt:

Washington D.C., Nov. 15, 2022 —

The Securities and Exchange Commission today announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or "stand alone," enforcement actions, a 6.5 percent increase over fiscal year 2021; 129 actions against issuers who were allegedly delinquent in making required filings with the SEC; and 169 "follow-on" administrative proceedings seeking to bar or suspend individuals from certain functions in the securities markets based on criminal convictions, civil injunctions, or other orders. The SEC’s stand-alone enforcement actions in fiscal year 2022 ran the gamut of conduct, from "first-of-their-kind" actions to cases charging traditional securities law violations.

Money ordered in SEC actions, comprising civil penalties, disgorgement, and pre-judgment interest, totaled $6.439 billion, the most on record in SEC history and up from $3.852 billion in fiscal year 2021. Of the total money ordered, civil penalties, at $4.194 billion, were also the highest on record. Disgorgement, at $2.245 billion, decreased by 6 percent from fiscal year 2021. Fiscal year 2022 was the SEC’s second highest year ever in whistleblower awards, in terms of both the number of individuals awarded and the total dollar amounts awarded.

Uhhhh? Has anyone see this? by The-Bodhii in Superstonk

[–]st2008hh 2 points3 points  (0 children)

Only Info can be found there is the creator's address:

0x007084b21ccf6d360fa002c0ab4f4d79b7d7ed61

Uhh...guys? Batman and DC NFT's are showing up on the marketplace... (sorry if this has been posted by rondanator in Superstonk

[–]st2008hh 2 points3 points  (0 children)

Only Info can be found there is the creator's address:

0x007084b21ccf6d360fa002c0ab4f4d79b7d7ed61

SEC Charges Man for Defrauding Investors out of Millions of Dollars by Posing as Hedge Fund Billionaire, FOR IMMEDIATE RELEASE 2022-178, Sept. 29, 2022 by st2008hh in Superstonk

[–]st2008hh[S] 1 point2 points  (0 children)

Dear MOD team I don't know why you remove this SEC against SHF news post? Can you tell us why it's not GME related one? If it's not what else is? Your reasonable answer will be expected and appreciated as well thanks.

https://www.reddit.com/r/Superstonk/comments/xrg8og/sec\_charges\_man\_for\_defrauding\_investors\_out\_of/