DTC instructed brokers this GameStop was a split NOT a dividend! (BIG difference! One splits shares the other receives NEW shares) They didn't have enough shares to distribute! This is HUGE! MASSIVE FRAUD by the regulating agency! MILLIONS of shares are owed to investors on brokers in the US and overseas. This is like your government job paying you in counterfeit bills.
This is the end of the DTC and current stock market system. Blockchain stock system coming soon! Financial revolution! MSM Silent.
The financial arm of the plan is becoming clear!
The hedge funds that are classified as market makers are the primary sources of the fraud, though I bet DTCC is involved also.
Fidelity/E-Trade/et al. are involved in the fraud in two ways:
They are participants in a RICO scheme to steal our shares by lending them out for massive profit to the market makers, knowing that when MOASS hits they won't get those shares back.
They are participants in a RICO scheme to suppress GME's price by sending all buy orders to the dark pools (Shitadel and Vertu) and all sell orders to the lit exchange. A second part of this scheme is brokers colluding to keep trade activity off IEX.
The worst possible outcome for Fidelity/E-Trade/Vanguard/Schwab apes is the IOU scene from Dumb and Dumber. I hope those apes are made whole but there's just no telling how it will go down.
Hedge funds and market makers are TWO DIFFERENT THINGS.
No, the prime brokers, who ARE market makers, are the source of the fraud.
You might have a point regrading the retail brokers. I have no doubt they understand that naked shorting happens, in general, but they are not the ones doing it. It is the prime brokers, with Goldman Sachs being the prime suspect.