GME endgame -- is it in the agreements/ToS? Lottery allocation? Forced account closings? More speculation within.
(media.greatawakening.win)
🤔💭 Theory 😲💡
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So I have my relatively easy to DRS stuff DRS'd, and my not so easy to DRS stuff sitting in brokerages. I figured it's time to pull out the agreements and start reading them with a malicious mindset, because that's obviously what our government and the cabal will soon be doing.
https://www.schwab.com/legal/schwab-individual-401k-account-agreement
Read altruistically, the above verbiage obviously seems related to expenses and obligations the account older might incur through leveraged investment. But a malicious reading from a compromised court could read that as allowing the brokerage to loot the account for any "obligation owed us with respect to the account". Would shares the DTC failed to deliver Schwab fit that? Does it matter? Just steal the shares now and let the courts settle it years later.
Another possible plan of action emerges in section 12. Termination.
"We may, in our sole discretion, close your Account and distribute the assets to you, or terminate any or all services rendered under the Account Agreement anytime and for any reason."
Um, wow, that is pretty clear cut. If all this GME stuff just becomes too much of a hassle for the brokerages, what's to prevent them from just selling our shares to Citadel at a fixed price off exchange and nuking the accounts?
The section on "Non-Publicly Traded Securities" is also pretty interesting. What if GME becomes too volatile to trade publicly? Does that afford the DTC and brokers some new options?
Btw big stretch but something to tie this back into Q. Maybe 11.3 references some of the FINRA proceedings? What sort of "risk events" would FINRA have to work through if GME spikes?
https://www.finra.org/rules-guidance/rulebooks/finra-rules/im-1011-3