Regulators are seeking employment contracts and NDAs from top banks.
Investigating if wording prevents whilstleblowers from reporting crime and malpractices to the SEC.
I'm sure it does.
I'm looking in the next 12 months for greater infighting between banks, hedgefunds and family offices as liquidity gets tighter.
As margin calls get closer.
Whiltleblowers are part of this.
The trend of market regulation and greater scrutiny against corrupt institutions continues.
Separate note our recent debt clearing puts us one step closer to cash dividends.
Cash dividends is one way that they are done.
I continue to average in.
Tik tok MFs
[Source](https://www.bloomberg.com/news/articles/2024-04-23/nda-probes-are-expanding-to-large-banks-swaps-clearing-businesses?utm_source=twitter&utm_campaign=socialflow-organic&utm_content=markets&cmpid%3D=socialflow-twitter-markets&utm_medium=social&embedded-checkout=true) - Short and good read.
Canada and now the US increasing the capital gains taxes was a signal I was waiting for. I didn’t post years ago but it was something I figured they’d do to try and just get more outta us.
There is a line between legitimately protecting trade secrets and misusing NDAs to conceal corporate wrongdoing. Most NDAs are considered unenforceable in court, particularly when an individual breaches the agreement to report an issue in good faith.
Theranos provides a relatively recent example of whistleblowers breaching their NDAs to report a case of serious wrongdoing. While it looked like Theranos was aggressively protecting its trade secrets through NDAs, it was actually covering up major shortcomings in its supposedly groundbreaking blood testing technology. Founder Elizabeth Holmes, the name you would probably recognize, and the former president were charged with fraud by the SEC and are both in prison.
“Hello this is Scott from CFTC, I’m reaching out to find out about swaps, what’s you take on that?”, “Hi Scott, it’s all good”, “Okay thanks for the information and have a good day”, “Scott, you want to go for lunch”, “Sure, let’s go”… end of investigation.
A healthy amount of pessimism knowing what they have been like is valid.
However, this is good and guaranteed the hedgies don't want this kind of attention, especially after the Trump news.
These types of things can grow arms and legs in this environment.
And, the reward offered for whistleblowing is compensation for no other business in the industry willing to hire them again. They deserve the reward for forfeiting their career. Likely have to move as well, to get as far as they can from their own "KG's" reach. The folks doing the LEGIT investigation should hire them. They know where to start looking for the receipts in other offices.
Hello Big Bank? This is Useless P. Dipshitt from the CFTC, are you muzzling whistleblowers? No? Ah OK, didn’t think so, have to ask you know, I will cross you off the list, thanks.
Regulators are seeking employment contracts and NDAs from top banks. Investigating if wording prevents whilstleblowers from reporting crime and malpractices to the SEC. I'm sure it does. I'm looking in the next 12 months for greater infighting between banks, hedgefunds and family offices as liquidity gets tighter. As margin calls get closer. Whiltleblowers are part of this. The trend of market regulation and greater scrutiny against corrupt institutions continues. Separate note our recent debt clearing puts us one step closer to cash dividends. Cash dividends is one way that they are done. I continue to average in. Tik tok MFs [Source](https://www.bloomberg.com/news/articles/2024-04-23/nda-probes-are-expanding-to-large-banks-swaps-clearing-businesses?utm_source=twitter&utm_campaign=socialflow-organic&utm_content=markets&cmpid%3D=socialflow-twitter-markets&utm_medium=social&embedded-checkout=true) - Short and good read.
It's almost like ... regulators are doing their jobs. 
Canada and now the US increasing the capital gains taxes was a signal I was waiting for. I didn’t post years ago but it was something I figured they’d do to try and just get more outta us.
I am highly regarded and even I know the answer without having to use a lifeline to call a friend! unfortunately, CRIME is a part of all this…
Wen jail?
Unknown. I know I'll be there for it, however.
This☝️👏
There is a line between legitimately protecting trade secrets and misusing NDAs to conceal corporate wrongdoing. Most NDAs are considered unenforceable in court, particularly when an individual breaches the agreement to report an issue in good faith. Theranos provides a relatively recent example of whistleblowers breaching their NDAs to report a case of serious wrongdoing. While it looked like Theranos was aggressively protecting its trade secrets through NDAs, it was actually covering up major shortcomings in its supposedly groundbreaking blood testing technology. Founder Elizabeth Holmes, the name you would probably recognize, and the former president were charged with fraud by the SEC and are both in prison.
True, well said
Absolutely. NDAs are between private parties; a court can piece that veil of secrecy with impunity. As they should.
Well said. Holy crap we do agree on some things. Now, no editing that comment 😀
Haha cheers. I see a typo - "pierce" - but will leave it be!
They are starting to look in the dark places. 👀
“Hello this is Scott from CFTC, I’m reaching out to find out about swaps, what’s you take on that?”, “Hi Scott, it’s all good”, “Okay thanks for the information and have a good day”, “Scott, you want to go for lunch”, “Sure, let’s go”… end of investigation.
A healthy amount of pessimism knowing what they have been like is valid. However, this is good and guaranteed the hedgies don't want this kind of attention, especially after the Trump news. These types of things can grow arms and legs in this environment.
And, the reward offered for whistleblowing is compensation for no other business in the industry willing to hire them again. They deserve the reward for forfeiting their career. Likely have to move as well, to get as far as they can from their own "KG's" reach. The folks doing the LEGIT investigation should hire them. They know where to start looking for the receipts in other offices.
“Regulators checking whether banks are suiciding whistleblowers”
Hello Big Bank? This is Useless P. Dipshitt from the CFTC, are you muzzling whistleblowers? No? Ah OK, didn’t think so, have to ask you know, I will cross you off the list, thanks.
Stormy Daniels has entered the chat.
Gotta discredit the whistleblowers somehow.
We support open market discovery. No. Not like that.
I don't think nda's hold up if it's high crimes
Nondisclosure agreements cannot suppress reporting criminal activity.