Breaking News: The SEC was just caught colluding with Wall Street (Nak*d Selling)

Key Concepts

• Naked Short Selling: Selling shares without first borrowing them or ensuring they exist, creating synthetic shares. Illegal under SEC regulations.
• S-1 Filing: A registration statement filed with the SEC for new securities offerings. Crucial for legitimate share transfer.
• MMTLP/NextBridge Hydrocarbons: Specific tickers involved in the alleged collusion, representing the company and its spin-off.
• FIF (Financial Industry Forum): A trade association representing Wall Street firms, allegedly used to petition the SEC.
• Transfer Agent: A company responsible for maintaining records of stock ownership and facilitating transfers.
• Synthetic Shares/Fake Shares: Shares created through naked short selling, lacking legitimate backing.

SEC Collusion with Wall Street: Allegations and Details

The core allegation presented is that the Securities and Exchange Commission (SEC), under the leadership of Gary Gensler, actively colluded with Wall Street firms to facilitate illegal naked short selling of MMTLP (and subsequently impacting NextBridge Hydrocarbons). This collusion allegedly allowed these firms to profit billions of dollars through the creation and sale of synthetic, or “fake,” shares. The evidence cited centers around a specific instance involving NextBridge Hydrocarbons’ S-1 filing.

The NextBridge Hydrocarbons S-1 Filing Blockage

The situation revolves around NextBridge Hydrocarbons’ attempt to spin out from MMTLP. The S-1 filing, a necessary step for this process, was intended to consolidate all existing MMTLP shares under a new transfer agent for NextBridge Hydrocarbons. This process would have revealed the discrepancy between legitimate shares and the significantly larger number of shares traded – a discrepancy created by extensive naked short selling.

According to the presented information, Wall Street market makers and broker-dealers realized that the S-1 filing would expose their illegal activity. They had allegedly sold a massive quantity of fake shares of MMTLP over the preceding year, generating substantial profits. The filing’s share consolidation process would have made it impossible to reconcile the number of outstanding shares, revealing the fraudulent activity.

Wall Street’s Petition and SEC Response

Facing exposure, these firms reportedly petitioned the SEC through their trade association, FIF (Financial Industry Forum). The speaker claims to possess copies of emails demonstrating that the firms explicitly warned the SEC about their naked short selling and requested intervention to halt the S-1 filing. The SEC, according to the allegations, complied with this request, effectively blocking the filing and protecting Wall Street from legal repercussions.

Implications of the Alleged Collusion

The speaker argues that this action demonstrates a fundamental corruption within the SEC. Instead of enforcing regulations and protecting investors, the SEC allegedly prioritized shielding Wall Street firms from accountability, potentially due to financial incentives or other forms of influence. The speaker highlights the irony of the SEC aggressively pursuing cases against crypto investors and individuals attempting legitimate investments while simultaneously enabling large-scale illegal activity by established financial institutions.

Call to Action and Perspective

The speaker expresses strong condemnation of the alleged collusion, stating, “This is absolutely disgusting.” He advocates for the abolition of the SEC, arguing that it has become an instrument of Wall Street rather than a protector of investors. He emphasizes the need for criminal prosecution of those involved, stating, “People must go to jail.”

Notable Quote

“The SEC was caught colluding allowing Wall Street to break the law…and they were allowing it and someone somewhere and probably a lot of people were getting paid and having their pockets padded.” – Economic Ninja.

Logical Connections

The video presents a clear narrative: illegal activity (naked short selling) led to a potential exposure (S-1 filing), prompting a desperate attempt to conceal the activity (petition to the SEC), and culminating in alleged collusion (SEC blocking the filing). The speaker connects this specific instance to a broader pattern of SEC behavior, highlighting the perceived hypocrisy of its regulatory actions.

Conclusion

The video alleges a significant breach of public trust by the SEC, claiming the agency actively colluded with Wall Street firms to cover up illegal naked short selling. The core argument centers on the blocking of the NextBridge Hydrocarbons S-1 filing as evidence of this collusion. The speaker’s strong condemnation and call for radical action underscore the severity of the allegations and the perceived need for systemic change within the regulatory framework.