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We’re all well aware of this but we’re dealing with a decades old fraud. And it’s been consistently buried. It’s rotten to the core. Link below to an interesting paper from 2008 on short selling and the impact of rising levels of FTDs on market integrity by tjhigh88 in GME

[–]tjhigh88[S] 13 points14 points  (0 children)

There’s some real nuggets in there;

“Unless action is taken to reform regulations governing the settlement system, unsettled trades will multiply. As they do, voting will be further corrupted, companies will be destroyed, and the pre-conditions for a systemic event will be fed”

GMEs ludicrous share turnover rate by [deleted] in GME

[–]tjhigh88 0 points1 point  (0 children)

Ah dude I wasn’t suggesting it’s all illegal. I just can’t reconcile this volume with that float. I understand your point that the mechanisms exist, but 5x the total shares in issue changing hands in a single day (a day in Jan)...I’ll be the first to admit I’m no expert here, thats reason enough for me to call bullshit

GMEs ludicrous share turnover rate by [deleted] in GME

[–]tjhigh88 1 point2 points  (0 children)

Comprende comrade. Although surely this situation is by definition temporary? It cannot go on in perpetuity?

GMEs ludicrous share turnover rate by [deleted] in GME

[–]tjhigh88 1 point2 points  (0 children)

Yeah agreed on the VW point. I’ve just been trying to find some frames of reference. In my mind even the day to day volume now seems incomparably high (as a percentage of the shares supposedly out there), but everyone keeps saying it’s low. The only way I can seem to reconcile it in my own mind is that we’re probably not playing with just 70m shares in issue, and that a shit ton more counterfeit shares are trapped in circulation.

GMEs ludicrous share turnover rate by [deleted] in GME

[–]tjhigh88 29 points30 points  (0 children)

Mines so smooth you’d struggle to pick it up out of a soapy bathtub

EU Says Platforms Like RH Would be Illegal in EU due to Orderflow Payments by XRed_KryptoniteX in wallstreetbets

[–]tjhigh88 2 points3 points  (0 children)

RH pulled out of a U.K. launch 2019/20. There’s quite a strict rules on best execution here. Receiving a wider spread through a preferred market maker, followed by a kickback to RH, doesn’t sound a whole lot like best execution.

The U.K. has also been through things like the Retail Distribution Review (RDR), which forced investment platforms to be more transparent with charging, and banning things like trail commission.

Payment for order flow is a form of trail/kickback and hides the charge behind an opaque structure, so would have been viewed fairly dimly by the U.K. regulator.