Hi OP. Understand you have some concerns about the flair and want to verify your FINRA employment. I reached out via chat. Looking forward to connecting with you.
yes. and if it were my room, i'd impose a fine for trying to sidestep the insider rule by buying just under the insider threshold. it's called 'structuring'
Not really. He made fuck all for the company overall. If it was 500M, sure. But I don't think he even made 20M in that sale. BBBY needs a whole lot more money than that.
I've messaged the mods more in the last 1hr than I ever have before. this needs to be resolved and my post needs to be switched back to DD. it auto switched to speculation.
under theses circumstances, RC ventures will only get the money they spent on the options and shares back. all profits will be remitted to BBBY per short swing rule
Seems like the shorts wouldn't want people buying more shares, as it just makes things worse for them. This is something I've not understood throughout all this. For every share they sell short, they create a long holder, which makes things worse for them.
Not true - He sent letter to the board with his first advisory position on March 8. He tweeted he contacted BBBY board on March 8. He bought way before March 8.
whats up Jonny Finra? i am curious - so your opinion has nothing to do with percent of ownership at time of purchase or sale? this is the point which ive seen brought up against the insider claim. from
the law states I can make the determination of insider purely on the kind of information RC has seen while talking with the board of directors. Shares owned is just supporting evidence at that point.
As soon as a little cash is flashed via $bbby Apes start flashing tits and losing their shit... where the fuck have you primates been? Just stfu and "chill Winston." Its all FUD! RC can do whatever RC wants! You super stunted apes think we blindly follow RC? APE exist before RC. RC believes in APE just like AA believes in APE.
In another life, I had friends like you. You carry the little bit of power afforded to you like your primary. Ready to show whomever your "discretionary" powers. I commend you for coming here and "setting the record straight", but make no mistake. Your organization is not, and will never be a friend of retail. I dropped those pen powered pricks the day I put away my primary.
If you’re close to 3 board members and have >10% ownership of the company, you have access to material non public information, therefore you’re an insider.
Thanks man. RC bought the shares and options between January and March, at what timeframe would he be considered and insider? Obviously sometime after March correct?
honestly even if you are who you say, its still hearsay until you post evidence to corroborate your claim. maybe example precedent cases, or guidance you follow, or detailed breakdowns of 16b with commentary
Wasn’t there a post on here a while back detailing how just about anybody could become a part time FINRA arbitrator? You need like two years of college credits or some shit. Don’t even have to be in finance. Not saying OP’s not right, but if he’s just a FINRA arbitrator, I’m not impressed.
yes, yes you can become an arbitrator. there are a few designations. public arbitrator (meaning member of the gen public). non-public arbitrator (meaning member of fin community). and supreme leader arbitrator (really chairman arbitrator, but same thing, they make the call if there is a split vote on any determination)
Why do you think he would sell now during the start of the run up, he could have hold on to it for a few more weeks at least if this is just to give the profit back to BBBY.
Did the freeman capital sell off fuck RC over? That changed him from under 10% to over that limit making him an insider. Was this a way for them to force him to sell to get those and freeman’s shares dropped on the rocket?
This discussion concerns whether RC was considered to be a bbby insider at the time of the sale of his shares. Being an insider is typically measured as owning over 10% of the company. However, OP is stating that as a FINRA arbitrator, share ownership is not the only metric that is used to determine if a person is an insider or not.
Has there been any talk in FINRA of what happening with GME? Specifically the DTC fuck up with the splividend and the huge amount of GME holders DRSing their stock?
This gets my tits more jacked. It seems like from what you’re saying RC never had any intentions whatsoever of profiting off Towel stock but instead to help that company out.
Why couldn't he just do a loan to the company. Doesn't make any sense. The company would then just reflect loan payable to shareholder on their balance sheet .
So, is there a point to the post? It doesn’t have a conclusion, and hard to see the main point. The introduction doesn’t explain the section. Maybe clarify what “arb” is because it may be too esoteric for reading audience.
It's because he's a shill trying to make us buy more bbby because big institutions (like Citadel) are long. He's also provided no proof, especially none that can disprove this.
This needs to be higher. RC filed all this to cover his ass, even if he probably didn't need to. The finra guy needs to brush up on the rules, there's not really much open to interpretation. Any decent lawyer will make the case that structuring is a stretch.
Section 16b does not apply here. It applies to transactions a party carries out WHILE they are an officer of the company or 10%. Cohen bought when he had 0% stake and BECAME an insider as a result. Those purchases are not reached by Section 16b, it’s not retroactive.
Your professional opinion is incorrect. The rule extremely clearly states that he had to be an insider AT THE TIME THE SHARES WERE PURCHASED. He had zero shares before buying what he did and was not an insider. The letter you are using for justification was also written AFTER his initial purchase.
RC is not an insider (owns more than 10% of the company's shares) because he only bought 9.8% (seems to be intentional) in March. BBBY did a stock buy back to push his ownership to 11.80%. So short swing profit rule doesn't apply to him.
Hmmm. He had 0 shares before his purchase, I'm going to guess he wasn't an insider. Only AFTER was he an insider. Thus those filings. Did he buy more shares AFTER he became an insider?
OP can you confirm this means the profits from RC sale go back to BBBY under short selling rule (smooth brain idk if that's the right term), and this basically just gave BBBY $94Million?
exactly, what we care about is whether or not the money will go to bbby or himself. this so called finra employee isn't even sure at all of it. keeps saying in his opinion it will go to bbby.
THIS IS WRONG!!! RC was not an insider and purchased no additional shares after being a 10% shareholder. All of his gains are going right into his pockets.
Hi OP. Understand you have some concerns about the flair and want to verify your FINRA employment. I reached out via chat. Looking forward to connecting with you.
Is this why FINRA doesnt get shit done, cause you all are busy on Superstonk ? lol jk
Well this is better then Pronhub, right?
"shit, they're onto us!"
🔥🔥🔥🔥🔥
kidding!? we do their job for them now!
But, not really kidding…
You guys doin anything constructive over there at FINRA lately?
nope.
Does this mean he forfeits gains to the company?
yes. and if it were my room, i'd impose a fine for trying to sidestep the insider rule by buying just under the insider threshold. it's called 'structuring'
Only forfeits about half the gains if I do math good.
Much more interesting question: what's FINRAs take on this whole GME situation? Do they investigate on the synthetics?
no idea, above my pay grade
IF the proceeds go to the company instead of RC, then his “ask what you can do for your company” tweet takes on a new meaning . . .
Damn, StumpGrinder. You're a natural nostra-poopus.
Fuck it. I'm holding
Take this higher
Surely BBBY isn’t in such dire straights that it needs an insider to sell their entire shareholding for a couple million.
A few million is sweet fuck all to them compared to where they're at right now
this is it! here for history.
This is what I'm trying to find out, do the proceeds indeed go to bbby?
Bullish
What’s the trade off?
Not really. He made fuck all for the company overall. If it was 500M, sure. But I don't think he even made 20M in that sale. BBBY needs a whole lot more money than that.
It won't.
They are literally about to go bankrupt
They don't go to the company:
I like it,
So the Short Swing Profit rule applies?
imo, yes
First, I'm all for verification of credentials with mods. Presumably we'll get that (I hope we do!).
exactly. every aspect of his actions screams insider. that's why he covered his bases.
Yep… exactly
So RC just did the ultimate Bluprince move by foregoing all gains to keep BBBY employees employed…
What was his tweet? “Ask what you can do for your company”. He may have just allowed some people to keep pulling a paycheck.
potentially, yes. RC really is a knight in shining armor, in my eyes.
Nothing like a $150 million cash infusion when your market cap is 800 million
Please, what is a “Blueprince move” and how does tanking bbby and gme save jobs? Just asking for someone who just took a $31,000 hit today.
By having retail pay for it.
Wow. Spicier and spiciest.
I like cajun hot wings
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I've messaged the mods more in the last 1hr than I ever have before. this needs to be resolved and my post needs to be switched back to DD. it auto switched to speculation.
And it doesn't matter am i right?
9 million shares out of 300 million shares traded those 2 days. Drop in the mother fuckin bucket. Man yall some paper handed bitches.
In bro I'm skeptical 🧐 how much GME are you allowed to own finra guy
as much as I want. all I need to do is disclose if it may potentially impact a case. when in doubt, disclose.
up to 212%
Hey ArcticBlizzChill: thank you for piping up about this. Must feel like jumping straight into the monkey cage, engaging here. So thanks.
try my best!
I always knew you guys were secret stonkers just looking to be set free like the rest of us
Where the fuck are the mods to verify this????
RC exposed massive synthetic positions in BBBY and got a major boost to RC Ventures balance sheet.
under theses circumstances, RC ventures will only get the money they spent on the options and shares back. all profits will be remitted to BBBY per short swing rule
Seems like the shorts wouldn't want people buying more shares, as it just makes things worse for them. This is something I've not understood throughout all this. For every share they sell short, they create a long holder, which makes things worse for them.
Hey can you let your coworkers know that GME is being manipulated? Thanks. 😁
I second that
Thank you! Nice to get some clarification.
np, nordic
Is this a trust me bro?
no. bro's dont have cred
Not true - He sent letter to the board with his first advisory position on March 8. He tweeted he contacted BBBY board on March 8. He bought way before March 8.
I work for Wendy’s.
i'll take a frostie and small fries, please
@mods should verify
Imma HODL my gme what y’all into?
Mods confirm this mans credentials if you need and get this pinned asap
sure thing.
Hoping this gets to main page asap OP and hope you're not full of it.
Don't trust any government person.
Hard to trust a bro in these times
not bro. licensed and verified by mods
Huge if big... buying more GME and BBBY either way.
you do you, amigo
What does an arbitrator do for finra?
Arbitrate.
We’re “hired” by parties to settle securities disputes, basically.
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form 144 is for any sale over 50k usd, or like 5k shares. it is common. that's why nobody talks about them.
whats up Jonny Finra? i am curious - so your opinion has nothing to do with percent of ownership at time of purchase or sale? this is the point which ive seen brought up against the insider claim. from
the law states I can make the determination of insider purely on the kind of information RC has seen while talking with the board of directors. Shares owned is just supporting evidence at that point.
By Talos, I hope you're right and the short swing rule is in effect
How does it feel to be useless? FINRA should be investigating the share dividend that was a split
Seriously this should be posted elsewhere to put an articblizardchill on all the FUD!
Much awards, must be true then.
As soon as a little cash is flashed via $bbby Apes start flashing tits and losing their shit... where the fuck have you primates been? Just stfu and "chill Winston." Its all FUD! RC can do whatever RC wants! You super stunted apes think we blindly follow RC? APE exist before RC. RC believes in APE just like AA believes in APE.
Can I ask you a question? What (if anything) is being done regarding the much larger issues of stock market manipulation?
In another life, I had friends like you. You carry the little bit of power afforded to you like your primary. Ready to show whomever your "discretionary" powers. I commend you for coming here and "setting the record straight", but make no mistake. Your organization is not, and will never be a friend of retail. I dropped those pen powered pricks the day I put away my primary.
Splividend Distribution Megathread
This. Clearly OP doesn't work for FINRA, and if he does it's worrisome how he doesn't know the basics of what being a insider means.
If you’re close to 3 board members and have >10% ownership of the company, you have access to material non public information, therefore you’re an insider.
yes
Thanks man. RC bought the shares and options between January and March, at what timeframe would he be considered and insider? Obviously sometime after March correct?
he became an insider when he met with the board to discuss strategy
So OP what’s the point of your post? Very smooth brained why are you telling this sub this?
What are you implying here?
no implication, rc is an insider at bbby. fact.
A SRO (self regulatory organization). Might was well police yourself on top of that.
OP - The question is was RC an "insider" WHEN HE BOUGHT THE SHARES AND CALLS?
How often is insider knowledge used to determine being an insider when below the share threshold normally?
depends, if youre an activist investor that is really fucking over some shorts, i think the rules will bend to go after you.
You are conflating things
honestly even if you are who you say, its still hearsay until you post evidence to corroborate your claim. maybe example precedent cases, or guidance you follow, or detailed breakdowns of 16b with commentary
yeah, that's not how arbitration works. stop focusing on the 16b.
he didn’t advise any share buybacks and only bought shares after BBBY announced their buyback plan way back.
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need a square?
Y’all are embarrassing
Wasn’t there a post on here a while back detailing how just about anybody could become a part time FINRA arbitrator? You need like two years of college credits or some shit. Don’t even have to be in finance. Not saying OP’s not right, but if he’s just a FINRA arbitrator, I’m not impressed.
yes, yes you can become an arbitrator. there are a few designations. public arbitrator (meaning member of the gen public). non-public arbitrator (meaning member of fin community). and supreme leader arbitrator (really chairman arbitrator, but same thing, they make the call if there is a split vote on any determination)
Does the company benefit from Cohens well-timed stock sales and will they receive the proceeds given his regulatory status “insider”?
yes. they get the profits from his trade
I’m just here for the crazy dip!
Ama with you?
nothing to add that hasn't already been covered in the dd. will contribute when applicable
Why do you think he would sell now during the start of the run up, he could have hold on to it for a few more weeks at least if this is just to give the profit back to BBBY.
no comment
Would love to see mod verification on this, but for now I'll trust u bro. That means my comment here...
So GME to the moon?
Did the freeman capital sell off fuck RC over? That changed him from under 10% to over that limit making him an insider. Was this a way for them to force him to sell to get those and freeman’s shares dropped on the rocket?
What about his partnership with BBBY……. Is there something larger in the works? Like a merger/ purchase or is RC out?
I'm so confused, but I'm not very intelligent, so this is a common occurrence.
This discussion concerns whether RC was considered to be a bbby insider at the time of the sale of his shares. Being an insider is typically measured as owning over 10% of the company. However, OP is stating that as a FINRA arbitrator, share ownership is not the only metric that is used to determine if a person is an insider or not.
OK, but wut mean?
Your account on Reddit is 1 year old just say who you are, use another alt account for shit and giggles.
too much pron on my alt account...
Has there been any talk in FINRA of what happening with GME? Specifically the DTC fuck up with the splividend and the huge amount of GME holders DRSing their stock?
This gets my tits more jacked. It seems like from what you’re saying RC never had any intentions whatsoever of profiting off Towel stock but instead to help that company out.
the bbby statement is clear. rc ventures and bbby reached an agreement.
Some ape wrote this "Section 16b does not apply here.
Side question for FINRA.
Has the mod verified?
I probably missed this but what's the significance of RC being an insider
LOL
…..but why’s the rum gone?
🎤drop. thanks for the input
Why couldn't he just do a loan to the company. Doesn't make any sense. The company would then just reflect loan payable to shareholder on their balance sheet .
Would he have to sell all his shares if he’s decided to buy buybuy baby?
This had 2200 updoots, when I updooted it reset to 1. Seems not suspect at all.
Yo arctic, I appreciate it!
Finra employee. so who from the hedge funds direct the finra bosses. too levy silly fines and slap on the hands
Bbby announced they would update in August. RC dumped before the announcement would that not be considered insider trading?
This is a shit show
He’s a shill, get him! Jk, thanks for clearing this up.
You say you work for finra but your name makes it sound like you work behind Dairy Queen
can we get this guy a FINRA GUY flair
such a turn off. yuck
This should be flaired as trust me bro, no?
Source: trust me bro.
So, is there a point to the post? It doesn’t have a conclusion, and hard to see the main point. The introduction doesn’t explain the section. Maybe clarify what “arb” is because it may be too esoteric for reading audience.
It's because he's a shill trying to make us buy more bbby because big institutions (like Citadel) are long. He's also provided no proof, especially none that can disprove this.
You work for finra start doing your job
on it, bruce!
Are the angry shills arriving ?
Lmfao. Look at the account. Looks like JP morgan is hiring shills lol. Fuck you oligarchs
tbh, I literally had a 1-1 meeting with an ex JPM guy today, so yes, i'm close to the action.
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This needs to be higher. RC filed all this to cover his ass, even if he probably didn't need to. The finra guy needs to brush up on the rules, there's not really much open to interpretation. Any decent lawyer will make the case that structuring is a stretch.
TrUsT mE bRo!
I mean, yeah.
IF the proceeds go to the company instead of RC, then his “ask what you can do for your company” tweet takes on a new meaning . . .
Section 16b does not apply here. It applies to transactions a party carries out WHILE they are an officer of the company or 10%. Cohen bought when he had 0% stake and BECAME an insider as a result. Those purchases are not reached by Section 16b, it’s not retroactive.
I don't trust you bro foh
Your professional opinion is incorrect. The rule extremely clearly states that he had to be an insider AT THE TIME THE SHARES WERE PURCHASED. He had zero shares before buying what he did and was not an insider. The letter you are using for justification was also written AFTER his initial purchase.
just say that first sentence back to yourself a few times.
Mods. Please flag this as debunked.
RC is not an insider (owns more than 10% of the company's shares) because he only bought 9.8% (seems to be intentional) in March. BBBY did a stock buy back to push his ownership to 11.80%. So short swing profit rule doesn't apply to him.
The ultimate trust me bro.. yea pretty sure this is a shill.
Your mom's not an insider, but I been insider, if you know what I'm saying....
Who cares what the intern at finra has to say. Another useless institution
Who cares
Hmmm. He had 0 shares before his purchase, I'm going to guess he wasn't an insider. Only AFTER was he an insider. Thus those filings. Did he buy more shares AFTER he became an insider?
i'd determine rc an insider purely on the nature of the conversations he has been having with the board of directors. shares and options aside.
Thank-you for clarifying!!
np, billy
Your post history doesn’t really shout FINRA employee.
OP can you confirm this means the profits from RC sale go back to BBBY under short selling rule (smooth brain idk if that's the right term), and this basically just gave BBBY $94Million?
Why do we care if he was an insider or not though
exactly, what we care about is whether or not the money will go to bbby or himself. this so called finra employee isn't even sure at all of it. keeps saying in his opinion it will go to bbby.
THIS IS WRONG!!! RC was not an insider and purchased no additional shares after being a 10% shareholder. All of his gains are going right into his pockets.
So why isn't Nansy Pelosi and many other congrets in your meeting room?
So are you janitorial or parking attendant?
I prefer the term custodial staff, thank you very much
Trust Me Bro, ok back to PornHub 😂
Lmao, this dude works for FINRA and visiting SS. Classic.
First admission of shill and association with mods, love it
One more question,
Can we please get this ape a “FINRA GUY” flair!
such a turn off. ughhh. please no
FUD
ruckers
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tomorrow, or the day after
To the top with this info