sec news

Shepard Headcanon incoming

Shepard gets a lot of shit in ME1 for her alien squadmates. I can see her walking up to Garrus before her Spectre induction and just telling him “I may do something stupid, just follow my lead.” and that’s it. And he stares at her blankly and inevitably gives in once she flashes an evil grin because he knows it’s going to be a total clusterfuck of chaos and entertainment and he’s down to stir the pot.

Shepard gets sworn in and steps out into the Presidium, greeted with swarms of cameras and obnoxious reporters. Kaidan is fending off waves of them like husks as Garrus does the same on the opposite side. They are halfway down the steps, headed towards the skycar when she’s bombarded with questions about her crew of misfits. “How does it feel to be forced to work with so many aliens?” one calls out above the rest, making Shepards neck flash hot with anger.“Forced?” she says cooly, mustering all her media etiquette into one word as she grabs her Turian squadmate by the cowl and drags him in for a long, languid kiss. The crowd gasps, a wave of silence as Shepard can barely keep herself from smiling through it.

“I would never say forced.”

More Turian/Mass Effect silliness from Garry’s Mod with characters from the RP forum I hang out at. My OC Myrrick is not really good with public displays of affection. Unfortunately for him, his friend @tavianalvia does not have the same hangups.

Tavian ‘Tavi’ Alvia belongs to their creator/player- who is an all around good egg, lemme tell ya.

The Master Plan of Martin Shkreli

I’ve actually been doing some more research on the guy, and am pretty blown away at how this all went down, should this theory be on point.

I’d like to state first that he’s a total cunt, and that this is a theory, but it’s becoming more and more convincing that he intended for all of this to happen, and it’s been a fun idea to play with - help educate me in what else this would require and each other:

So he knew the 4,700% cost-floor revaluation was an embellishment with a purpose:

He has, from what I can find, $4 - $15 million in shares of borrowed stock in various pharma corp. entities.

So, the moment the internet and news media started circle-jerking about the injustice to the AIDS victims, and someone on Hilary’s digital media team said “Mrs. Clinton - appeal to all these voters by shitting on this dude!” he cracked a beer and watched his whole plan unfold.

In realistic share terms, taking taxes, interest rates in the ST contract with his lenders, and estimated holding into account, is probably several million dollars in profit for a day of acting. Someone said “he’ll make billions short-selling!” Not only could he not make that much on a 20% drop short sale with his highest estimated borrowed holding, but the profit from a short sale like this doesn’t come to light for the market player until days, weeks, even months later when the price is back up to optimal value for cashing out.

So, its safe to say that he made millions with his little PR stunt, and vocationally, in a vacuum, he’s fucking brilliant. Again, universally - he’s a cunt, but has an undeniable vocational aptitude for what he does.

If this probable play theory is on point, he knew he’d announce this cost reduction and caving on the 5k% value inflation shortly after the internet, twitter, mainstream media, and Hilary all started airing out their grievances - and he knew that there would be a subsequent revitalization in the pharma. share market base.

Bada bing bada boom. Say what you want about this guy, but he just acted like a cunt in order to troll the outrage bandwagon into actually influencing share values, and it fucking worked. He didn’t deprive any dying children, he didn’t put anyone on the street, he probably didn’t even leave his fucking office.

Alas, the predictable freakout hit the exact water mark he wanted it to, maybe even higher, and he bought all he could at the low price the bandwagon created, flipped back his $4-$15 million in borrowed shares to his creditors with presumably a “lets do business again real soon” interest rate, and will soon profit generously when the market settles back to its regular CFS.

It would be really impressive, entirely because of the ignorance that is the foundation of everyone’s outrage.

I see a lot of people pissing and moaning about the “system,” and the “extortion,” and the “broken justice” of SEC regs, and no suggestions other than “fuck this psychopath.”

Ya know what the ironic thing about this situation is though? His play will encourage the SEC revision committee to act. Not PI groups, not activists, not media attention. But this guy, who took advantage of the volatility of the market in response to uninformed social justice outcry. The only thing that really gets the attention of the SEC revision committee is economic circumstances, and the potential to not have firm control over happenings in private trading.

From 1934 - 2012, the SEC Regulatory Revision Committee has instituted 7 major acts, all in response to participant profiting, no one went to prison, and ALL THE ACTS were in the interest of non-corporate market participants.

Like it or not, he’s the only one who’ll make a difference for the better, whether it’s his intention or not - and he’s getting rich while he’s doing it, and not actually acting any differently than 80% of the other AIDS med manufacturers in the industry. In fact, he’s lowered his price below many others.

This guy is a master at short selling tactics. He would get in a run of the mill short sale position, but then encourage the FDA via filing of “citizen petitions” to stall the release of certain corporation’s he was short selling stock of’s product. In doing this, is where his real mastery lies:

Dr. Hayflick, of OHSU (an outstanding medical research facility), "got a call from him in 2012, suggesting she try a different molecular modification to remedy pantothenate kinase-associated neurodegeneration, or PKAN. ‘Damned if it doesn’t do what he thought it would do…It’s impressive. It’s humbling.’“

This isn’t a new thing, at all. I think this outrage is situational discontent with the pharma industry at large, and the for-profit nature of its governance. This, unfortunately, is a product of our privatized medical production realm that happens constantly. He just happened to make a noisy cunt out of himself, but really is one of many players, and still a small one at that.

Gylbera costs 1$ million buckeroos for annual treatment.

Acthar gel was marked 7000% for years.

Cinryze runs 3 times as much as his proposed value.

Short selling, multi-thousand percent mark ups from production-to-sale on drugs, constitutionally-protected systematic deflation of competition, reverse mergers…

These are all well established market practices, just usually employed by undeniably smart, exploitive market players and CFOs who keep their mouths shut…

This dude is a cunt. And if this hypothetical situation is on; a really smart cunt.

VICE Exclusive: How a Former SEC Official Manipulated the System for His Clients and His Own Financial Benefit

Two years ago, Spencer C. Barasch, a former high-ranking Securities and Exchange Commission official based in Fort Worth, Texas, paid a $50,000 fine to settle civil charges brought against him by the United States Justice Department for allegedly violating federal conflict-of-interest laws. The Department of Justice had alleged that Barasch, as a private attorney, had represented R. Allen Stanford, a Houston-based financier who was later found to have masterminded a $7 billion Ponzi scheme. Barasch had done so even though he’d played a central role at the SEC for years in overruling colleagues who wanted to investigate Stanford’s massive fraud. Federal law prohibits former SEC officials from representing anyone as a private attorney if they played a substantial or material role in overseeing actions regarding them while in government.

In part because of that episode, Barasch, rightfully or wrongfully, has served as an example for critics of the SEC who say that it—and the US government as a whole—has done too little to hold accountable those financial institutions responsible for the 2008 financial crisis and other corporate wrongdoers. James Kidney, a respected trial attorney for the SEC, drew attention recently when he asserted in his retirement speech that the agency’s pervasive “revolving door” has led to a paucity of enforcement actions against seemingly untouchable Wall Street executives. More than two dozen current and former SEC officials that I have interviewed about these matters largely agree with Kidney on the takeaway: Quite simply, American investors can no longer expect the protection they once did, and that powerful Wall Street executives who have violated the law will continue to go unchecked.

A three-month investigation by VICE has uncovered evidence of numerous similar instances of misconduct and potential violation of federal conflict of interest regulations and law by Barasch since he left the SEC. And while Barasch’s legal representation of Stanford might have been the single most consequential and egregious example of such misconduct, the new information shows that Barasch’s actions in representing Stanford were hardly an anomaly. The new disclosures serve as further ammunition for those who argue that the SEC has been tepid in its enforcement of such regulations and its punishment of those who would violate them.


The Derailment of the SEC – Part II: An SEC Official Works Both Sides of the Street, and Betrays the Public Trust

A senior Securities and Exchange Commission official, Spencer C. Barasch, quashed an investigation in early 2005 of a $7 billion Ponzi scheme masterminded by Houston financier R. Allen Stanford—after securing a lucrative partnership with a law firm of which Stanford was a client.   Barasch, the top enforcement officer of the SEC’s Fort Worth regional office at the time, overruled SEC examiners who had warned him that Stanford was likely running “a massive Ponzi scheme” and had sought permission from him to open a formal investigation of Stanford and his bank. For several months prior to that decision, Barasch had been negotiating to become a partner with the Houston law firm of Andrews Kurth, which had had Stanford as a client, according to confidential Andrews Kurth emails obtained for this story. Andrews Kurth’s work for Stanford is detailed in the law firm’s confidential billing records.                                                                                                  Federal conflict-of-interest law prohibits a government employee from participating “personally and substantially” in an official capacity in any “particular matter” that would have a direct and predictable effect on the employee’s financial interests or on the financial interests of a “person or organization with whom he is negotiating or has any arrangement concerning prospective employment.”



Amnesia (X)

On June 17th, a homeless shelter specifically for LGBT adults will open here at 1050 South Van Ness Avenue. It’s great news because in a June 2013 report, 29% of the homeless in SF identified as lesbian, gay, bisexual, or “other”. - Harry


Where We Are Tour One Direction Rose Bowl (nearly the Full concert) Niall’s 21 birthday 2014, & 5 Seconds of Summer 

Why Obama’s Regulators Let Wall Street Bankers Off Easy

If there’s anything more maddening than the sheer scale of the financial fraud that sent America and the rest the planet spiraling into the economic abyss in 2008, it’s the fact that no Wall Street bankers have gone to jail for causing the mess. As in zero, zilch, none at all.

So at his farewell party last month to celebrate a lengthy career at the Securities and Exchange Commission (SEC)—the US regulatory agency that supposedly keeps Wall Street in check—James Kidney, a trial attorney who had been hamstrung for years by indifferent bosses, broke his silence and went off on an awesome rant about how no one in the financial sector fears the body supposedly policing their behavior. The SEC, in essence, is a joke.

Describing it as “an agency that polices the broken windows on the street level and rarely goes to the penthouse floors,” Kidney told an audience of fellow employees that they had dropped the ball because of a revolving door of corruption between the SEC and Wall Street megabanks. “I have had bosses, and bosses of my bosses, whose names we all know, who made little secret that they were here to punch their ticket. They mouthed serious regard for the mission of the Commission, but their actions were tentative and fearful in many instances,” he said.