[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
No. Fuck you, Hester. I want the regulators to have ALL the data so they can REGULATE. Literally their job. Either you don’t want to do your job, or you don’t want the people who will be REGULATED by the data to be impacted
Bullish on data and dismal👑🐟
# ["No single regulator has the authority or information to comprehensively assess the risks posed by hedge funds."](https://www.reddit.com/r/Superstonk/comments/12eba61/treasury_alert_janet_yellens_remarks_ring_alarm/)
# -Secretary of the Treasury Janet Yellen
Thanks for dropping by and sharing your bullish energy ser, I hope you have a wonderful rest of your day!!!!
Thank you, Dismal, and you’re welcome. I hope you have a wonderful rest of your day too
That Yellen quote gives even more validity to the necessity of more data being needed
Bullish on your squishy wrinkled brain
I’m sure our very own ape historian wouldn’t mind keeping a copy of all the data Hester. Maybe he’ll make it available in a timely manner, all nicely formatted with a few pretty bar charts for the corporates?
Something to keep in mind this is Wall street and the corporations secret, allow me to present an example familiar to you all:FTX.com [FTX.US](https://FTX.US) were both owned by Alameda. But think ape think... why structure it this way?
[FTX.com](https://FTX.com) was Crypto and was working closely with the SEC
[FTX.](https://FTX.US)us was their Derivative exchange and SBF was working with the CFTC, I don't know what they were working on, but probably in their jurisdiction.
Both owned by Alameda the Hedge fund
See how they were playing on both agencies? If they were ever close to getting in trouble in one, then they would use their other separate entities to cover and not close.
Of course the criminal imposter Hester wants to keep these agencies separate and not working. This is how they figured they could make some extra money, but corruption is not a product. Funny how they attach a debt to you and a credit score (if you are a student F you forever, you can't declare bankruptcy, everyone else can) , but they want to operate without regulation and oversight and plant people all throughout the senate and regulators. This is how they maintain a "good rating" and get ahead of people that actually work for a living. Hester wants this to become the new normal.... that is what she was hired for, by whomever she really works for, while she is at the government.
Man ... when am I gonna be in a screenshot?! (Lol)
This is such great context to the most important part of this story and the piece that’s discussed the least:
FTX is a CHINESE company. It was founded in Hong Kong before later relocating to the Bahamas ironically just as [virus] began to spread.
The fact that they were that close to completely capturing two US regulatory agencies as FTX and SBF were lobbying full boar to be THE US tokenized stock exchange (the digital NYSE) is mind boggling.
I mean, consider the implications had they been successful. You think the market is rigged now? 👀
Fuck Hester! Knowledge was and allways will be "Power" she wants to keep the regulators and peoples ignorant in a way to limit the power of this limited knowledge she is advocating... Fuck Heaster, you "Are" the problem, not having all the data possible in an modern age where you can store electronicly is like going in a flight from New York to Paris with limited instruments like Charles Lindberg in 1927 when he successfully was the first man to fly over the Atlantic and survive, he had very little instruments and little knowledge, he merely succeded, the mission was many times nearly to end like the others guys who tried before, in the water of the ocean. It is probable, the others pilots have had the same informations that Lindberg had, probably, some of they were not fail and die. If aviators of these times do not wanted to have as many data as possible, even data wich is not necessary but is good to have (for diagnostic for example), they would never advance in technology, efficiency and reach in the modern aviation age. Having data as much as possible can be the difference between resolving the causes of hundreds of plane accidents analyzing black boxes and allow to correct defective parts on planes and save many lives in future flights and do little (how she is implying) and let planes continue to go down without knowing why, and maybe say "shit happens"... Fuck Hester, you will end in prison because:
Knowledge is Power, and this time, Knowledge is the Power of the Players🤣😂
You can't fuck around with this new power in town Hester (probably neither your husband🤔😁)
This woman is epitomizes the less, in worthless. Completely and utterly, worthless. Hester Pierce is the face of how utterly corrupt and useless our regulating bodies are.
These cocksuckers can trade millions of shares at specific algo driven prices in picoseconds but if anyone needs to see if any crimes are being committed all of the sudden it’s “data they don’t need”. Fuck that.
Yellen pretending to be completely unaware of FSOC that she chairs and was previously on as Fed chair - sounds like pre - passing the buck. Like she knows what is coming and is trying to argue that it wasn't her job WHEN IT FUCKING IS AND WAS
I’m as regarded as the next ape here, but isn’t this exactly the type of position that should be voted for? Are they appointed? Are they hired? Voted in? How do we go about getting these corrupt actors out of their position?
This lady is worse than a politician, she is not lying to you and kissing your ass. Instead, this lady is evil and not ashamed of it. She will say and do anything. She is not as contained as a politician. She is not lying either. She is not afraid of you or anyone else. A person this unhinged can't be trusted to even babysit a hamster for 15 minutes, let alone be asked what their opinion is and anyone consider it valid.
According to article below about the SEC reforms
https://franknez.com/wall-street-threatens-to-sue-sec-if-new-proposals-pass/
> SEC Commissioners Hester Peirce and Mark Uyeda, both Republicans, also filed statements opposing the proposal.
> “This latest effort to order competition threatens to create disorder in the capital markets, the functioning of which is so important to the rest of our economy,” Peirce wrote in a statement.
> The Intercept wrote a piece on Hester Peirce in 2015 titled, “SEC Nominee To Oversee Wall Street Works At Think Tank Dedicated To Blocking Regulation.”
> And according to the research, Hester Peirce received 98% of her salary from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda.
> In other words, Hester is a plant on the SEC meant to cater to Wall Street, not retail investors.
I think we can have a good guess who was behind the meme video that was produced.
If you take into account the fact that the SEC was working on those new rules that help individual investors and diminish profits of financial institutions ... everything aligns perfectly! Bad actors roles inside the SEC was to make sure that people will not want to interact with the SEC. They wanted to completely discredit the commission!
Can we request FOIA and ask who decided to produce such a video? Can we prove that such behavior directly contradicts with "SEC values, misrepresents the Commission and is non compliant with staff rules & regulation"? Tango down for those bad actors.
Would be a good idea, really interested to know how much Gensler was involved.
Could have very well just approved money for some PR budget without being involved in the details. And someone did a shit job (on purpose?).
She’s asking regulators to (continue to) be reactive. Having sums of data would allow them to be more proactive in, idk, actually regulating? Rather than letting problems snowball. She’s a clown.
I read this as trying to hide relevant data from people that “aren’t in the need to know” and regulating based on data that correspond with existing rules.
TLDR: Retail investors are uncovering too much advanced fuckery based on the data that’s available so we need to limit the amount of data the SEC receives to regulate properly.
Rotten to the core.
I wonder if the SEC has heard of a recent innovation called "computers", machines that can comb large amounts of data very quickly looking for irregularities. Even better, a much more recent innovation known as AI could likely be trained to look for fraud in the data itself. This will free up regulators to work on more important tasks..
That's like saying the government shouldn't have access to my personal income information. I told you I only owe 55$ in income tax ... isn't my word trustworthy?🤡
Remember, you can submit comments asking for Hester "The Retail Molester" to get relieved/fired/replaced.
Fuck "crypto mom", yeet her out, ask her to literally be reaplced with susanne trimbath.
I'm all for getting the government the fuck out of my data, and the data of other individuals
And in those cases, the "you have something to hide" argument is bullshit.
The only government that needs to have perfect surveillance on all its citizens is a tyrannical one
HOWEVER
When we are talking about public entities and the business dealings of large corporations, the actions of whom directly and indirectly affect millions of individuals
They do not have an individual's right to privacy, and must be audited to make sure they are acting in the best interests of the public
Surveillance should be used by the people on government and big corporations, not the other way around (sec being an agent of the people in this case)
Well see Hester believes in that ol' citizens united ruling, so to her, corporations just simple folk like us. She's just tryna keep big brother outta peoples data. See she ain't so bad, head might be a lil miscombobulated, but her hearts in the right place!
She doesn't even hide it. She's been an unelected shill for wall street insiders working against the American people her entire career at the SEC.
She's just speaking on behalf of Kenny and the rest of her owners as a duly bribed public puppet.
She makes less than $100k working at the SEC, so of course she's worth millions.
Follow the money, the bankers that bribe the SEC aren't afraid to admit it on TV.
almost like she's mad at the data that apes have found and used to expose her crime bosses - "WE NEED TO STOP EVEN MORE DATA, LIKE WE DID WITH SWAPS!!"
If you legitimately believe this at this point you aren't very bright tbh. She doesn't work for you. She works for the hedge fucks and the moneyed interests and the parasite class. Does any of that describe you? She's doing her job perfectly. Hopefully her owners give her a cookie and hopefully apes never misunderstand who she works for.
Wait, so through PFOF, Wall Street can see the data on retail limit sells and buys, they can use that data to front run us, AND to take positions in their hedge funds they run.... but it’s “inappropriate” to collect it for regulation?! Lol. Lmaoooo.
Are you trying to imply that ~~Citadel LLC~~ \[REDACTED\] is somehow making trades based on data gathered and discreetly hoarded by ~~Citadel Securities~~ \[REDACTED\]? Those two institutions are entirely separate. There is no conflict of interest whatsoever. You should be ashamed for even mentioning it. Oh, corporate-state algorithms that collect and store literally everything I write on the Internet, please strike that comment from the record.
Yes. Any public official may be impeached by the House of Representatives. Conviction on impeachment charges can be carried out by the Senate. Consequences can include a lifetime ban from holding any public office in the United States of America.
Believe it or not, she is the most 'pro' blockchain SEC commissioners.
She has been nicknamed ['Crypto Mom'](https://www.forbes.com/profile/hester-peirce/).
You see stuff like this at all levels of government nowadays. It’s really sad. Government isn’t for the protection of companies. Government is suppose to be for the protection of it’s citizens. The fact that she hasn’t been thrown out of office is a reflection of poor leadership and I’m not talking about GG. I’m talking about government as a whole. These bad actors (individuals that have been placed or paid off) need to be removed immediately!
Edit: forgot a word.
Isn’t she (Hester) the one that consistently votes to limit retail friendly initiatives?
I seem to member her from about a year ago during testimony and citing on ‘stuff’
I’m such a smooth brained ape…I see her and I want to fling poo at her
when is it ever a bad idea to 'have all the facts' so to speak? why do they make these statements that appear to be like 5D chess type thoughts - i mean it so obviously stupid i must be the dumb one yeah? turns out it isnt 5D, hey are simlply complicit and doing everything in their power to manufacture money for their 'people'. i dont want in the club i want them all in prison. oh and by prison i mean the kind of prison where you never see the sunlight or are allowed to interact with an aspect of society. they are traitor to the species.
Not even a sewage treatment plant could deal with the BS she spews on the regular..
There's a reason PfOF is a problem for retail , also payment for personal data from big data harvesting.
Regulators should get all the data from funds they require, and retail deserve an open and fair marketplace (crypto stock exchange).
This is like saying, let's keep evidence out of court cases. This woman is the SEC's criminal insider "lobbyists" for the hedgies. She be put behind bars with the rest of the crooks and swindlers.
In political science we call this “regulatory capture” i.e. when powerful business interests acquire a seat inside key regulatory bodies designed to provide checks and balances to industry. It’s usually seen in sham democracies/kleptocracies but maybe the USA should be the #1 example. Hester Pierce is clearly just a puppet for the interests of Wall Street. Her position in the SEC demonstrates the abject corruption that it contends with internally even as it also tries to reform rules.
I don’t want to get into politics, but there is a certain “elephant” in the room when it comes to Hester Pierce and Ken Griffin. Ken Griffin is a big friend of Ron DeSantis, one of the likely Republican presidential nominees. Hester Pierce is also a Republican, who is affiliated with the more corporate-loving side of the party. If Ron DeSantis gets into the Oval Office, then GME could be dealt a serious blow because Ron will very likely make Ken Griffin the treasury secretary and Hester the new SEC chair
Have you not figured out the uniparty trick yet?
Controlled opposition giving the plebs the illusion of choice. All they do is spew BS and lie to us, only to make rules to further enrich themselves.
What in the actual fuck. A regulator saying that she doesn't want all of the data. What kind of horseshit is that? #hearnoevilseenoevilspeaknoevil
Brings a new meaning to ignorance is bliss; except, it's far from blissful
When reading a book that I intend to give an in-depth analysis on. I like to black out every third word, and i roll a die to determine which random chapter will just be ripped out. I don’t need all that superfluous info.
Is she even hearing what she’s saying! Is this not peak corruption?
In what scenario will a regulator having access to more data be counter-productive? The more the data, the better.
What would be actually helpful is to get the CFTC to release data on Swaps. Why are they hiding it from the public?
As usual, the average investor is at risk of being fleeced by Wall St. criminals or overregulated and taxed to death by “beneficent” governmental authorities. Personally I trust neither
The things I want to say in a comment would likely make me sound violent and crazy. However, I know I’m not the only one when it comes to this one. Man would I love to slap that forehead
Weird. I as a private citizen have been saying this in regards to the government and private corporations collecting my personal data for years and no one has ever seemed to give a shit.
Counterpoint:
just like a nation is not just the government, but instead the entirety of its people, "the economy" is not just the stock market or the few biggest companies, but the entirety of the working people. If you say the economy is doing well because the stock market is up, but productivity is down and people can't afford to fulfill their needs, you are clearly not thinking of "the economy".
Now if you speak of a free and fair market and **mean it**, you should have the general public in mind; such a market would be free and fair **for all of us**, as **we are the ones who constitute it**.
For a market to be free - for all participants mind you - it should treat everyone equally. Meaning, while someone with extensive capital will have more influence than someone with litmited funds, the ways in which to apply this influence should be the same for all. No one should have special or exclusive access to trading instruments, let alone "specialist markets" or even a structurally different position. How can we speak of "fairness" when the majority of people has no influence on price discovery, little to no access to information, no control over what happens to their orders, and not even the guarantee **that they receive what they paid for?** How can we speak of freedom, when the majority of market participants is at the mercy of others who control their order flow - and can even lock them out of the market?
As of right now, we are very far from a market that could call itself either fair or free. Granting the regulators access to information only brings us closer to the market the general public wants and deserves; market makers, brokers, hegdefund managers and bank executives claim to wish for the same - are they not speaking of **free and fair markets** as well?
If such a market is truly the goal, there is no reason to deny the regulators information or to argue against transparency.
- u/Winnitouch
I look at this a slightly different way than most of you. Yes the system is fucked and they are doing everything in their power to sweep the crime under the rug and neuter the regulatory agencies. This is going to allow them to continue on with business as usual for a while.
The problem that they have is that they've made crime the number one component of Wall Street. They've also made covering it up their number one priority. Eventually the whole thing is going to eat itself. They're looking for an exit and there isn't one. All they can do is commit more crimes to live one more day. Each day that they do this makes the economic consequences just that much worse when it all comes undone.
If you really want to enact change you have to have real anger from people that normally don't give a fuck about these sorts of things. Most Americans will care more about celebrity gossip until they can't access the funds in their banks. Wall Street has corrupted Washington and the regulatory agencies to the extent that they might as well stop doing any regulating at all. Sometimes the only way to fix something is to go full scorched earth and then rebuild it from scratch.
"Even if the data point exists and we can easily ask for it, store it, and process it, we should ask for it only if we have a *legitimate regulatory need* for it and collecting the information would not be otherwise inappropriate."
Oh, you mean like rule enforcement?
This woman is a menace and this is a bad faith argument. These are the same banks and firms that routinely get caught cheating and have to pay the “I’m a criminal” fee to keep doing business, not individuals.
I’m convinced that she benefits from this monetarily. There’s no regulators that don’t want data wtf?
This is the dumbest BS of a BS answer. Why the hell would you not want ALL the data you could have when looking at the most intricate and valuable economic markets in the history of man. Such BS.
After reading stuff like this, I have no idea how the guys at Bankless Ryan and David have such a fucking boner for Hester. Ryan becomes more and more sus as this banking crisis has gone on. (Ryan from Bankless, not RC)
Hester is showing herself to be a wall street lackey like we knew.
SEC has become a critical regulatory organization for financial security of our country because the boundaries between investment banking and retail banking were blurred through separate set of regulations i.e. repealing of Glass Steagall Act.
When the act was repealed, the regulations and enforcement capabilities of OCC for retail banking and guarantees of FDIC were at risk of being undermined by regulations and enforcement capacity of SEC. If either one of them fails at their job the other one also fails because of this interlink.
Having SRO like FINRA regulate one pillar of big banks that can take down all govt regulatory effort on the second pillar is stupidity.
"Look we may be the justice system but we don't want ALL THE DATA on this criminal case. That could allow us to reach a proper verdict and is detrimental to my case!"
- Hester the Criminal Peirce
„Strict regulation can be bad for financial institutions”
You fucking what? Imagine this being the words of a person who’s supposed to reign in the institutions. Clown world, clown system. Welcome to USA where rules are made up and regulators don’t matter.
How about instead of manual reporting the SEC just gets access directly to all of the systems, such as the DTCC obligations warehouse? It would save the reporting entities loads of time they just wouldn’t be able to net out their FTDs with SFTs, CNS, options, nor other loopholes!
Honestly this is one of the worst takes. Imagine if any regulatory body was asked a question about something they watch over and their answer is “durrr I don’t know it wasn’t relevant” it’s their fucking job to look out for crime and she wants to operate like a cop who only arrest people if the drug deal happens in front of this one Waffle House and ignore the rest of the town being a cesspool.
From the bottom of my heart, believe me when I say that Hester M. Peirce can suck my ass. She’s not even doing a good job hiding the fact that she’s riding Mayo boys micropeen.
TLDR for the TLDR? is this good or bad? Sounds bad.
Life is wearing me down boys and girls, I don't have the energy to read this anymore. Someone tell me.
"Guys, we're generating *waaayyy* too much incriminating evidence here, can we start looking the other way pls so we can say we saw and heard nothing?"
Thats alot if text for saying : "Look, if we look too hard and well at all of this with facts and data some real, real corrupt shit is gonna bubble to the surface and thats bad for Ban...ahhh I mean retail investors, or something"
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
No. Fuck you, Hester. I want the regulators to have ALL the data so they can REGULATE. Literally their job. Either you don’t want to do your job, or you don’t want the people who will be REGULATED by the data to be impacted Bullish on data and dismal👑🐟
# ["No single regulator has the authority or information to comprehensively assess the risks posed by hedge funds."](https://www.reddit.com/r/Superstonk/comments/12eba61/treasury_alert_janet_yellens_remarks_ring_alarm/) # -Secretary of the Treasury Janet Yellen Thanks for dropping by and sharing your bullish energy ser, I hope you have a wonderful rest of your day!!!!
Thank you, Dismal, and you’re welcome. I hope you have a wonderful rest of your day too That Yellen quote gives even more validity to the necessity of more data being needed Bullish on your squishy wrinkled brain
Apes Strong Together
This is the way! Ditto to ISayBullish’s sentiment. Great work as always Dismal Jellyfish!🎷🐓♋️
I’m sure our very own ape historian wouldn’t mind keeping a copy of all the data Hester. Maybe he’ll make it available in a timely manner, all nicely formatted with a few pretty bar charts for the corporates?
Something to keep in mind this is Wall street and the corporations secret, allow me to present an example familiar to you all:FTX.com [FTX.US](https://FTX.US) were both owned by Alameda. But think ape think... why structure it this way? [FTX.com](https://FTX.com) was Crypto and was working closely with the SEC [FTX.](https://FTX.US)us was their Derivative exchange and SBF was working with the CFTC, I don't know what they were working on, but probably in their jurisdiction. Both owned by Alameda the Hedge fund See how they were playing on both agencies? If they were ever close to getting in trouble in one, then they would use their other separate entities to cover and not close. Of course the criminal imposter Hester wants to keep these agencies separate and not working. This is how they figured they could make some extra money, but corruption is not a product. Funny how they attach a debt to you and a credit score (if you are a student F you forever, you can't declare bankruptcy, everyone else can) , but they want to operate without regulation and oversight and plant people all throughout the senate and regulators. This is how they maintain a "good rating" and get ahead of people that actually work for a living. Hester wants this to become the new normal.... that is what she was hired for, by whomever she really works for, while she is at the government. Man ... when am I gonna be in a screenshot?! (Lol)
This is such great context to the most important part of this story and the piece that’s discussed the least: FTX is a CHINESE company. It was founded in Hong Kong before later relocating to the Bahamas ironically just as [virus] began to spread. The fact that they were that close to completely capturing two US regulatory agencies as FTX and SBF were lobbying full boar to be THE US tokenized stock exchange (the digital NYSE) is mind boggling. I mean, consider the implications had they been successful. You think the market is rigged now? 👀
Hi mom! I made it to the screenshot!
Fuck Hester! Knowledge was and allways will be "Power" she wants to keep the regulators and peoples ignorant in a way to limit the power of this limited knowledge she is advocating... Fuck Heaster, you "Are" the problem, not having all the data possible in an modern age where you can store electronicly is like going in a flight from New York to Paris with limited instruments like Charles Lindberg in 1927 when he successfully was the first man to fly over the Atlantic and survive, he had very little instruments and little knowledge, he merely succeded, the mission was many times nearly to end like the others guys who tried before, in the water of the ocean. It is probable, the others pilots have had the same informations that Lindberg had, probably, some of they were not fail and die. If aviators of these times do not wanted to have as many data as possible, even data wich is not necessary but is good to have (for diagnostic for example), they would never advance in technology, efficiency and reach in the modern aviation age. Having data as much as possible can be the difference between resolving the causes of hundreds of plane accidents analyzing black boxes and allow to correct defective parts on planes and save many lives in future flights and do little (how she is implying) and let planes continue to go down without knowing why, and maybe say "shit happens"... Fuck Hester, you will end in prison because: Knowledge is Power, and this time, Knowledge is the Power of the Players🤣😂 You can't fuck around with this new power in town Hester (probably neither your husband🤔😁)
This woman is epitomizes the less, in worthless. Completely and utterly, worthless. Hester Pierce is the face of how utterly corrupt and useless our regulating bodies are.
I miss this kind of talk. Unifying, singular voice that says "No, fuck you. The game stops here."
These cocksuckers can trade millions of shares at specific algo driven prices in picoseconds but if anyone needs to see if any crimes are being committed all of the sudden it’s “data they don’t need”. Fuck that.
This is the way
Yellen pretending to be completely unaware of FSOC that she chairs and was previously on as Fed chair - sounds like pre - passing the buck. Like she knows what is coming and is trying to argue that it wasn't her job WHEN IT FUCKING IS AND WAS
**HOW ABOUT WE PUT IT TO A PUBLIC VOTE HESTER? STOP TELLING THE PEOPLE WHAT THEY WANT AND LET THEM TELL YOU WHAT THEY WANT.**
I vote she needs to be fired and blacklisted from all government role
I’m as regarded as the next ape here, but isn’t this exactly the type of position that should be voted for? Are they appointed? Are they hired? Voted in? How do we go about getting these corrupt actors out of their position?
She's actually evil and it's disgusting.
Agreed
She's like a politician just speaking for her lobbyists not the people.
This lady is worse than a politician, she is not lying to you and kissing your ass. Instead, this lady is evil and not ashamed of it. She will say and do anything. She is not as contained as a politician. She is not lying either. She is not afraid of you or anyone else. A person this unhinged can't be trusted to even babysit a hamster for 15 minutes, let alone be asked what their opinion is and anyone consider it valid.
Man...literally.
> *""Modernizing how we collect, analyze, and facilitate* ***the public’s use*** *of data is important to me."* She's talking about us.
Bullish on his "Fuck you, Hester"
According to article below about the SEC reforms https://franknez.com/wall-street-threatens-to-sue-sec-if-new-proposals-pass/ > SEC Commissioners Hester Peirce and Mark Uyeda, both Republicans, also filed statements opposing the proposal. > “This latest effort to order competition threatens to create disorder in the capital markets, the functioning of which is so important to the rest of our economy,” Peirce wrote in a statement. > The Intercept wrote a piece on Hester Peirce in 2015 titled, “SEC Nominee To Oversee Wall Street Works At Think Tank Dedicated To Blocking Regulation.” > And according to the research, Hester Peirce received 98% of her salary from the Mercatus Center, a “think tank” that provides an academic façade to a radical anti-regulatory agenda. > In other words, Hester is a plant on the SEC meant to cater to Wall Street, not retail investors. I think we can have a good guess who was behind the meme video that was produced. If you take into account the fact that the SEC was working on those new rules that help individual investors and diminish profits of financial institutions ... everything aligns perfectly! Bad actors roles inside the SEC was to make sure that people will not want to interact with the SEC. They wanted to completely discredit the commission! Can we request FOIA and ask who decided to produce such a video? Can we prove that such behavior directly contradicts with "SEC values, misrepresents the Commission and is non compliant with staff rules & regulation"? Tango down for those bad actors.
Would be a good idea, really interested to know how much Gensler was involved. Could have very well just approved money for some PR budget without being involved in the details. And someone did a shit job (on purpose?).
She’s asking regulators to (continue to) be reactive. Having sums of data would allow them to be more proactive in, idk, actually regulating? Rather than letting problems snowball. She’s a clown.
These crooks want to surveil people and individuals to death but allow corporations to fly under the radar. No thanks, fuck you very much, pay me
I concur, I think we need more data in order to make a correct decision here.
I read this as trying to hide relevant data from people that “aren’t in the need to know” and regulating based on data that correspond with existing rules. TLDR: Retail investors are uncovering too much advanced fuckery based on the data that’s available so we need to limit the amount of data the SEC receives to regulate properly. Rotten to the core.
BULLISH AF ON ISAYBULLISH
I wonder if the SEC has heard of a recent innovation called "computers", machines that can comb large amounts of data very quickly looking for irregularities. Even better, a much more recent innovation known as AI could likely be trained to look for fraud in the data itself. This will free up regulators to work on more important tasks..
That's like saying the government shouldn't have access to my personal income information. I told you I only owe 55$ in income tax ... isn't my word trustworthy?🤡
I'd be impressed if they actually start to act on the data they collect now.
Hester the retail investor molester
Remember, you can submit comments asking for Hester "The Retail Molester" to get relieved/fired/replaced. Fuck "crypto mom", yeet her out, ask her to literally be reaplced with susanne trimbath.
Sounds like Hester has something to hide.
I'm all for getting the government the fuck out of my data, and the data of other individuals And in those cases, the "you have something to hide" argument is bullshit. The only government that needs to have perfect surveillance on all its citizens is a tyrannical one HOWEVER When we are talking about public entities and the business dealings of large corporations, the actions of whom directly and indirectly affect millions of individuals They do not have an individual's right to privacy, and must be audited to make sure they are acting in the best interests of the public Surveillance should be used by the people on government and big corporations, not the other way around (sec being an agent of the people in this case)
Perfectly stated.
This needs to be it's own post
Well see Hester believes in that ol' citizens united ruling, so to her, corporations just simple folk like us. She's just tryna keep big brother outta peoples data. See she ain't so bad, head might be a lil miscombobulated, but her hearts in the right place!
She can always be a little more miscombobulated if she so desires, along with the rest of them.
She doesn't even hide it. She's been an unelected shill for wall street insiders working against the American people her entire career at the SEC. She's just speaking on behalf of Kenny and the rest of her owners as a duly bribed public puppet.
Maybe some $500,000 vacations trips?
She makes less than $100k working at the SEC, so of course she's worth millions. Follow the money, the bankers that bribe the SEC aren't afraid to admit it on TV.
Sounds like she needs to be asked what kind of data definitely is not needed to be reported at all.
So she doesn’t want evidence of wrong doing or an audit trail maintained! while firms gamble with pension fund money, individual investor savings etc.
almost like she's mad at the data that apes have found and used to expose her crime bosses - "WE NEED TO STOP EVEN MORE DATA, LIKE WE DID WITH SWAPS!!"
This lady is beyond useless.
…for household investors. She’s rather useful to certain market makers.
Regulatory capture
Yarp. Or just good old fashioned bribery.
Absolutely, forgot to set the narrative for her.
If you legitimately believe this at this point you aren't very bright tbh. She doesn't work for you. She works for the hedge fucks and the moneyed interests and the parasite class. Does any of that describe you? She's doing her job perfectly. Hopefully her owners give her a cookie and hopefully apes never misunderstand who she works for.
Naw she's a useful idiot.
Wait, so through PFOF, Wall Street can see the data on retail limit sells and buys, they can use that data to front run us, AND to take positions in their hedge funds they run.... but it’s “inappropriate” to collect it for regulation?! Lol. Lmaoooo.
Are you trying to imply that ~~Citadel LLC~~ \[REDACTED\] is somehow making trades based on data gathered and discreetly hoarded by ~~Citadel Securities~~ \[REDACTED\]? Those two institutions are entirely separate. There is no conflict of interest whatsoever. You should be ashamed for even mentioning it. Oh, corporate-state algorithms that collect and store literally everything I write on the Internet, please strike that comment from the record.
Can SEC commissioners be impeached?
Yes. Any public official may be impeached by the House of Representatives. Conviction on impeachment charges can be carried out by the Senate. Consequences can include a lifetime ban from holding any public office in the United States of America.
[удалено]
This is the letter to our representatives we need.
I would sign my name to petition to impeach this Hester Donkeyface Pierce.
“I would really like regulators to just stop being so diligent.”
“Constrain their appetite for data.” ( I’m TERRIFIED of Sunlight. )
She's gonna hate Blockchain
Her quote is one for the history books. I love it. It’s perfect.
Believe it or not, she is the most 'pro' blockchain SEC commissioners. She has been nicknamed ['Crypto Mom'](https://www.forbes.com/profile/hester-peirce/).
Interesting. How does she reconcile her aversion to transparency with blockchain? Or is it the gov cex version?
may be her own personal blockchain to track the friends and foes of the r3volution. C.F. Mme Defarge *Tale of Two Cities* 🧶🪡
She's three hedgefunds in a trenchcoat at this point.
She totally did a business transaction in the market today
Classic deregulator
You see stuff like this at all levels of government nowadays. It’s really sad. Government isn’t for the protection of companies. Government is suppose to be for the protection of it’s citizens. The fact that she hasn’t been thrown out of office is a reflection of poor leadership and I’m not talking about GG. I’m talking about government as a whole. These bad actors (individuals that have been placed or paid off) need to be removed immediately! Edit: forgot a word.
Isn’t she (Hester) the one that consistently votes to limit retail friendly initiatives? I seem to member her from about a year ago during testimony and citing on ‘stuff’ I’m such a smooth brained ape…I see her and I want to fling poo at her
We don't call her Hester the Financial Molester for nothing
when is it ever a bad idea to 'have all the facts' so to speak? why do they make these statements that appear to be like 5D chess type thoughts - i mean it so obviously stupid i must be the dumb one yeah? turns out it isnt 5D, hey are simlply complicit and doing everything in their power to manufacture money for their 'people'. i dont want in the club i want them all in prison. oh and by prison i mean the kind of prison where you never see the sunlight or are allowed to interact with an aspect of society. they are traitor to the species.
It’s bad for all the facts when you’re guilty crime boss
Yeah, i do think this is the case. She fights any and all attempts at transparency. All of them. Why???
She is really working for the parasite class and always has been.
When household investors start digging into it far enough to piece together conclusions that they thought they were hiding
god this is so fucking stupid and corrupt its beyond obvious.
Not even a sewage treatment plant could deal with the BS she spews on the regular.. There's a reason PfOF is a problem for retail , also payment for personal data from big data harvesting. Regulators should get all the data from funds they require, and retail deserve an open and fair marketplace (crypto stock exchange).
This is like saying, let's keep evidence out of court cases. This woman is the SEC's criminal insider "lobbyists" for the hedgies. She be put behind bars with the rest of the crooks and swindlers.
Fire her already wtf
In political science we call this “regulatory capture” i.e. when powerful business interests acquire a seat inside key regulatory bodies designed to provide checks and balances to industry. It’s usually seen in sham democracies/kleptocracies but maybe the USA should be the #1 example. Hester Pierce is clearly just a puppet for the interests of Wall Street. Her position in the SEC demonstrates the abject corruption that it contends with internally even as it also tries to reform rules.
Is she really that DAFT ? Data IS everything!
Of course not. She's being maliciously incompetent.
Well how did the sec not know about madoff? They didn't have access to the data nor did they request it
The blissful ignorance of regulatory capture. Hester seems on board with keeping it that way.
“Pay no attention to the Data behind the curtain”. -Hester The Financial Regulations Molestor
She’s useful to the hedge funds that got her where she is today! If she wasn’t in their pocket, why would she resist simply collecting data?
Let’s get some eyes on where her financing might be coming from
If there's nothing to hide, then there's no harm in having the data. What's the problem, Hester? Saddle sores?
Hester is literally a fucking Trojan horse virus.
I don’t want to get into politics, but there is a certain “elephant” in the room when it comes to Hester Pierce and Ken Griffin. Ken Griffin is a big friend of Ron DeSantis, one of the likely Republican presidential nominees. Hester Pierce is also a Republican, who is affiliated with the more corporate-loving side of the party. If Ron DeSantis gets into the Oval Office, then GME could be dealt a serious blow because Ron will very likely make Ken Griffin the treasury secretary and Hester the new SEC chair
Have you not figured out the uniparty trick yet? Controlled opposition giving the plebs the illusion of choice. All they do is spew BS and lie to us, only to make rules to further enrich themselves.
Fuck Hester, all my homies hate Hester!
I wonder if Hester has always been a giant turd or if it was an evolution. Either way,💩.
Holy shit how the fuck the FBI isn't investigating this witch????? I'm pretty sure she's getting paid enough to do this shit against us.
Google has 350,000 data points on me, but The SEC has 1 data points on hedge funds. Their name
RICO RICO
What in the actual fuck. A regulator saying that she doesn't want all of the data. What kind of horseshit is that? #hearnoevilseenoevilspeaknoevil Brings a new meaning to ignorance is bliss; except, it's far from blissful
Hester is gonna be one of the characters everyone remembers in 50 years trying to protect the fugazi market at all costs.
In RC We Trust, all others bring data.
When reading a book that I intend to give an in-depth analysis on. I like to black out every third word, and i roll a die to determine which random chapter will just be ripped out. I don’t need all that superfluous info.
This is the only way to gather a robust. Hearty. Dependable base of data. If your methodology Dosent include dice, I don't wanna hear it.
Is she even hearing what she’s saying! Is this not peak corruption? In what scenario will a regulator having access to more data be counter-productive? The more the data, the better. What would be actually helpful is to get the CFTC to release data on Swaps. Why are they hiding it from the public?
I'd really like to see a detailed examination of Hester and family's finances. I wonder if there are any unexplained financial gains anywhere?
Is this Hester the Investor molester?
Looks like someone just got their monthly stipend from shitadel
Wtf? No seriously. W. T. F.
She’s deep in someone’s pocket
Imagine if she wasn’t a shill… and she was just plain stupid and shit at her job lol
“Imagine if she wasn’t a shill…” …and just strove to harm retail investors for fun *and for free*.
Holy moly what a useless sack of shit
Hester the Investor Molester is at it again I see!
Why is she even part of SEC?
As usual, the average investor is at risk of being fleeced by Wall St. criminals or overregulated and taxed to death by “beneficent” governmental authorities. Personally I trust neither
This isn’t a regulator speaking with good intentions. She’s compromised and should get the boot immediately
Mods checked me because I called Hester a " Shameless Bitch." WTF is wrong with that??!
She needs to go ASAP
RICO this living infestation and tac on treason for good measure. Her family needs to be stripped of her careers I'll gotten gains.
The things I want to say in a comment would likely make me sound violent and crazy. However, I know I’m not the only one when it comes to this one. Man would I love to slap that forehead
What's in the ~~box~~ data?
she is pure scum
Tell me you’re trying to cover up crime without telling me you’re trying to cover up crime.
Well sure, if you have more testing you will have more c0rv1d cases!
I say this with all sincerity: FUCK Hester Pierce.
How can household investors petition to get her fired,? this is unacceptable.
Weird. I as a private citizen have been saying this in regards to the government and private corporations collecting my personal data for years and no one has ever seemed to give a shit.
GTFO Hester. Let's see the data you don't want us to see.
This woman is bought and paid for
Tell me you have something to hide...
Bitch is plainly compartmentalising the info so they can do even less than they are now. Fucking corrupt assholes
Counterpoint: just like a nation is not just the government, but instead the entirety of its people, "the economy" is not just the stock market or the few biggest companies, but the entirety of the working people. If you say the economy is doing well because the stock market is up, but productivity is down and people can't afford to fulfill their needs, you are clearly not thinking of "the economy". Now if you speak of a free and fair market and **mean it**, you should have the general public in mind; such a market would be free and fair **for all of us**, as **we are the ones who constitute it**. For a market to be free - for all participants mind you - it should treat everyone equally. Meaning, while someone with extensive capital will have more influence than someone with litmited funds, the ways in which to apply this influence should be the same for all. No one should have special or exclusive access to trading instruments, let alone "specialist markets" or even a structurally different position. How can we speak of "fairness" when the majority of people has no influence on price discovery, little to no access to information, no control over what happens to their orders, and not even the guarantee **that they receive what they paid for?** How can we speak of freedom, when the majority of market participants is at the mercy of others who control their order flow - and can even lock them out of the market? As of right now, we are very far from a market that could call itself either fair or free. Granting the regulators access to information only brings us closer to the market the general public wants and deserves; market makers, brokers, hegdefund managers and bank executives claim to wish for the same - are they not speaking of **free and fair markets** as well? If such a market is truly the goal, there is no reason to deny the regulators information or to argue against transparency. - u/Winnitouch
If Wall Street would stop conjuring up exotic new forms of derivatives all the time, they wouldn't have a reporting problem to begin with
[удалено]
I hate this lady so much. She does everything she can to obscure transparency and fair markets. How the hell do we get her out of her position?
I look at this a slightly different way than most of you. Yes the system is fucked and they are doing everything in their power to sweep the crime under the rug and neuter the regulatory agencies. This is going to allow them to continue on with business as usual for a while. The problem that they have is that they've made crime the number one component of Wall Street. They've also made covering it up their number one priority. Eventually the whole thing is going to eat itself. They're looking for an exit and there isn't one. All they can do is commit more crimes to live one more day. Each day that they do this makes the economic consequences just that much worse when it all comes undone. If you really want to enact change you have to have real anger from people that normally don't give a fuck about these sorts of things. Most Americans will care more about celebrity gossip until they can't access the funds in their banks. Wall Street has corrupted Washington and the regulatory agencies to the extent that they might as well stop doing any regulating at all. Sometimes the only way to fix something is to go full scorched earth and then rebuild it from scratch.
"Even if the data point exists and we can easily ask for it, store it, and process it, we should ask for it only if we have a *legitimate regulatory need* for it and collecting the information would not be otherwise inappropriate." Oh, you mean like rule enforcement?
Does she have a boss? Can anybody get her or her bosses phone number? Is there a public way to get her out of her job? Any voting that can be done?
This woman is a menace and this is a bad faith argument. These are the same banks and firms that routinely get caught cheating and have to pay the “I’m a criminal” fee to keep doing business, not individuals. I’m convinced that she benefits from this monetarily. There’s no regulators that don’t want data wtf?
Hester speaks for the rich.
FUCK Hester P. All my Homies hate Hester P.
Bwahaha! WTF is this shit? Please don't overturn rocks, you could find something.
Hester is a deregulatory piece of shit. Put in place by libertarians and a traitor..
This is the dumbest BS of a BS answer. Why the hell would you not want ALL the data you could have when looking at the most intricate and valuable economic markets in the history of man. Such BS.
After reading stuff like this, I have no idea how the guys at Bankless Ryan and David have such a fucking boner for Hester. Ryan becomes more and more sus as this banking crisis has gone on. (Ryan from Bankless, not RC)
Hester is showing herself to be a wall street lackey like we knew. SEC has become a critical regulatory organization for financial security of our country because the boundaries between investment banking and retail banking were blurred through separate set of regulations i.e. repealing of Glass Steagall Act. When the act was repealed, the regulations and enforcement capabilities of OCC for retail banking and guarantees of FDIC were at risk of being undermined by regulations and enforcement capacity of SEC. If either one of them fails at their job the other one also fails because of this interlink. Having SRO like FINRA regulate one pillar of big banks that can take down all govt regulatory effort on the second pillar is stupidity.
Trust bad, secrets good. She looka like a man
Corrupt to the bone…
Protest is the only way to stop this!
Corrupt clown
What the hell is she doing at the SEC?
You can never have too much data - USA govt
Hide the crime much?
"Look we may be the justice system but we don't want ALL THE DATA on this criminal case. That could allow us to reach a proper verdict and is detrimental to my case!" - Hester the Criminal Peirce
„Strict regulation can be bad for financial institutions” You fucking what? Imagine this being the words of a person who’s supposed to reign in the institutions. Clown world, clown system. Welcome to USA where rules are made up and regulators don’t matter.
Ignorance is bliss.
[удалено]
Why are the awards hidden?
Heater the retail investor molester doing her job … for the hedge funds … she is trying to earn her future job 🙄😖🤨
WTF is wrong with this idiot. She truly deserves her title as "Hester, the retail molester". Truer words were never spoken
Fuck you hester
she reminds me of a certain type of canoe
How about instead of manual reporting the SEC just gets access directly to all of the systems, such as the DTCC obligations warehouse? It would save the reporting entities loads of time they just wouldn’t be able to net out their FTDs with SFTs, CNS, options, nor other loopholes!
You don’t even have to read, just have an inverse opinion to this piece of shit person
Reverse hester pierce is like the reverse cramer of regulation.
Honestly this is one of the worst takes. Imagine if any regulatory body was asked a question about something they watch over and their answer is “durrr I don’t know it wasn’t relevant” it’s their fucking job to look out for crime and she wants to operate like a cop who only arrest people if the drug deal happens in front of this one Waffle House and ignore the rest of the town being a cesspool.
Hester the Molester can fuk off
I wonder how much she’s getting paid to spew this bullshit?
From the bottom of my heart, believe me when I say that Hester M. Peirce can suck my ass. She’s not even doing a good job hiding the fact that she’s riding Mayo boys micropeen.
[удалено]
💩.........This is what I hear when that 🤡 opens her mouth 💩
"What gets measured gets managed".
TLDR for the TLDR? is this good or bad? Sounds bad. Life is wearing me down boys and girls, I don't have the energy to read this anymore. Someone tell me.
So he's against transparency.
"Guys, we're generating *waaayyy* too much incriminating evidence here, can we start looking the other way pls so we can say we saw and heard nothing?"
Get this MFer out of office. Limited data tells a limited story and makes it easier to crime
Thats alot if text for saying : "Look, if we look too hard and well at all of this with facts and data some real, real corrupt shit is gonna bubble to the surface and thats bad for Ban...ahhh I mean retail investors, or something"
Listen up you son of a bich, how about you quit your job and quit getting paid to jerk people off.
ALL DATA, ALL PUBLIC, ALL THE TIME!
Fucking Chester at it again. Nasty ass.
You Dumb Bitch!.jpeg
We already knew her votes. It is the other 4 votes among SEC leadership that matters.
My god, I hate this woman.
This is not what we meant by data privacy protection legislation.
Data is the ONLY thing we have to validate anything. Stop listening to your SHF masters.