| Author | Source |
|---|---|
| u/Ok_Safety_7710 |
I hope everyone is having a great day and has had a chance to cool down after the past couple of days events. I know I needed to. So, finally I make it to Credit Suisse.
links to previous editions of HFBN (Recaps: at the end in TL;TA; DR)
Two Sigma w/recap of Citadel/Griffin and Point 72/Cohen
Always Remember:
No sharing positions i.e. 50 shares @ $90 avg
No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
Due to this rule assume that all Gain/Loss posts are fake
This is a temporary rule which will eventually be dissolved
make no predictions
remove stop losses
remove your limit sells, instead set alerts.
5.Donât day trade GMEEÂ Article: Trading hot stocks like GameStop seems fun until you look beneath the surface â Financial Treason & Crime (stopnakedshortselling.org)
6. this is not not financial or investment advice
Now on to the main dish, Credit Suisse.
Who are they?
Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm
founded and based in Switzerland. Headquartered in ZĂźrich, it maintains offices in all major financial centers around the world and is one of the nine global âBulge Bracketâ banks providing services in investment banking, private banking, asset management, and shared services. Credit Suisse is known for its strict bankâclient confidentiality and banking secrecy practices. It is considered a systematically important bank by the Financial Stability Board. Credit Suisse Wikipage
Who are the Executives?
Now isnât that the million dollar question. Currently all of the executives are departing as a result of the Archegos losses. Do we know the situation exactlyâŚmeh, not really. This could all be for show.
CNBC Credit Suisse Execs Depart as Bank Details Archegos Loss Donât worry I double checked with an additional sources(Stop Naked Short Selling) People Moves: Facing the Funds Fallout Music, CS Changes, and More to confirm. Here is the link: The Economic Times - English Edition, Two Credit Suisse Executives to Depart As Bank Details Archegos Losses; Report CNBC is pretty Vague. This article gives the name and ranks of those departing and defines how many. CRO Lara Warner and CEO Brian Chin are leaving. New executives are already being named and placed. Christian Meissner will replace Chin at the beginning of May. Joachim Oechslin is the newly appointed interim CRO - effective immediately.
Whatâs The dirt?
Turkey Fines Firms Over Short Selling Irregularities (Jan 2021)
In Archegos Fire Sale, Credit Suisse, Nomura Burned By Slow Exit (Mar 2021)
After Taking $4.7 Billion Hit, Credit Suisse Executives Step Down (April 2021)
Credit Suisse Faces Charges Additional Charges Over FX Markets Rigging (Mar 2021)
Credit Suisse Gets Extra EU Charge Sheet in FX Rigging Probe (MAR 2021)
Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop (Mar 2021)
Credit Suisse to Pay $6.5 Mln for Direct Market-Access Violations (Dec 2020)
Court Dismisses Some FX Rigging Claims Against Credit Suisse (Sept 2019)
FINRA, Exchanges Blast Credit Suisse Over Failure to Prevent Market Manipulation (Dec 2019)
Credit Suisse Charged With Rigging Foreign Exchange Rates (Jan 2018)
EU Regulators Charge Credit Suisse With Rigging FX Markets (Aug 2018)
New York Fines Credit Suisse $135m Over Forex Manipulation (Nov 2017)
Credit Suisse Tries To Overhaul Its Image, But Problems Remain (Jun 2016)
Credit Suisse Fined 1.75M for Short Selling System Failures (Dec 2011)
Credit Suisse Fined $1.75M for Breaking âNakedâ Short-Selling Rules (Dec 2011)
FINRA V. Credit Suisse (Dec 2011)
Credit Suisse Rapped for U.S. Lapses - $6.5M Fine (Dec 2011)
Credit Suisse Hit with $24 Billion Fraud Lawsuit (Jan 2010)
Credit Suisse Is Accused of Defrauding Investors in 4 Resorts (Jan 2010)
India Market Regulator Suspects Credit Suisse Of Manipulation (April 2001)
TL;TA;DR
Credit Suisse has a long history of market rigging , Fraud and manipulation. They canât seem to get their heads on Straight at all. Just plain Dumb and Thieves in the market. Have had fines issued in the United States and Abroad.
Recap of Previous HFBN:
Goldman is shady as fuck and doesnât care about getting caught. CEO is an asshole.
UBS reads like a criminal rap sheet. You got money laundering, currency manipulation, market manipulation, libor manipulation, spoofing, collusion, insider trading. I didnât even have to go outside stopnakedshortselling.org. UBS has 15, thatâs right FIFTEEN PAGES! UBS IS THE Megalodon shark among the White Tip and Nurse Sharks.
**UBS Group AG has a history of taking positions in derivatives of the underlying security (GME) in the form of stock options. The firm currently holds 92,200 call options valued at $1,737,000 USD and 3,815,800 put options valued at $71,890,000 USD . https://fintel.io/so/us/gme/ubs
Recap: Citadel
Has gotten in trouble for using dark pools to manipulate the prices the stocks, has alleged ties to a coup taking over the Illinois state government, has previously been fined for market manipulations. Additionally, poaches staff from other hedge funds. Citadel has sued the SEC and the IEX president over a new method of order flow D-Limit. Ken Griffin also fires 10% of his employees every month for underperforming. Has a single piece of art that can cover the amount on money needed to pay shareholders in a squeeze. (Links to be provide at end - posted in another post, before starting the sort of daily hedge fund bad news began). Has a really good PR team. - Buys the rights to all the images of him, and tries their best to keep his personal life out of the press. Moreover, is skimming off the top of all trades that go through on PFOF. Bad Blood Between Citadel, SEC and other Hedge Funds.
Recap: Point 72âs Steve Cohen
Been Fined and convicted of insider trading and failing to supervise staff engaged in insider trading. Has just recently come off a 4 year trading Freeze in china, has been sued for gender discrimination. got his ex-wifeâs fraud case against him dismissed, point72/Cohen has a long list of felonies. Cohen has even had a 2 year ban for trading for âfailure to Superviseâ assessed by the SEC and also paid them 135,000,000 fine. Has an Art Collection that can more than pay for squeeze.
Recap: Two Sigma, John Overdeck & David Seigel:
Basically decent human beings who got caught up in a bad trade. Still has a lot of put options on GME.
Always Remember:
No sharing positions i.e. 50 shares @ $90 avg
No Gain/Loss posts or comments (for now); a.k.a. Gain Porn or Loss Porn
Due to this rule assume that all Gain/Loss posts are fake
This is a temporary rule which will eventually be dissolved
make no predictions
remove stop losses
remove your limit sells, instead set alerts.
5.Donât day trade GMEEÂ Article: Trading hot stocks like GameStop seems fun until you look beneath the surface â Financial Treason & Crime (stopnakedshortselling.org)
6. this is not not financial or investment advice