this post was submitted on 22 Dec 2023
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DRS Your GME

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Gary Gensler is asking us to submit complaints, tips and evidence of shady financial practices.

https://www.sec.gov/whistleblower

What do you guys plan on sending?

I plan to adapt a comment I had sent to the Ontario Securities Commission about mandatory buy in for all Failure to Delivers

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[–] [email protected] 7 points 10 months ago* (last edited 10 months ago) (1 children)

it looks like this isn't really aimed at the public at large, but linking to the whistleblower page,

The Commission is authorized by Congress to provide monetary awards to eligible individuals who come forward with high-quality original information that leads to a Commission enforcement action in which over $1,000,000 in sanctions is ordered. The range for awards is between 10% and 30% of the money collected.

I don't think they are looking for our public opinions on this one, at least not from people like myself, I have absolutely nothing. In this case it looks like they are seeking valuable information, e.g. insider information from a whistleblower, that can be used in enforcement actions or maybe criminal charges.

but the SEC otherwise does provide opportunities to submit complaints, etc., do they not?

[–] [email protected] 5 points 10 months ago (1 children)

This may be the more appropriate page for us then as it says for the public, tips, complaints and referrals

https://www.sec.gov/tcr

[–] [email protected] 3 points 10 months ago