From: Chric ct c:• To Subject: Fw: Formal appeal for preliminary denial covered action 2015-016/ Knight Capital TCR & Appendix Date: Mon, 09 Nov 2020 13:08:35 +0000 Attachments: KCG_Appendix_3-20_13_penultimate.docx; KCG_TCR_3-20-13-penultimate_draft.pdf; KCG_TCR_3-20-13-penultimate_draft.docx; KCG_Appendix_3-20_13_penultimate.pdf; Cifu.jpg; Blosteinjpg; KCGMarch2017.jpg Janey et al: the record Chock full of fraud: the KCG SEC filed disclosure related to the VIRT acquisition: 1Q2017 https://www.sec.gov/Archives/edgar/data/1569391/000119312517129844/d359346dex991.htm EX-99.1 - SEC Daniel Coleman, Chief Executive Officer of KCG, said, "The first quarter of 2017 was marked by historic low market volatility. Realized intraday volatility for the S&P 500 posted the lowest quarterly average in 55 EFTA00039828
years while U.S. equity market volumes and bid-ask spreads contracted from a year ago. Despite all of this, retail investors provided a pocket of strength in the U.S. equity and ... viww sec g ov Once upon a time, not too long ago: Tangible book value calculation used to value KCG in the VIRT transaction prior to Cifu writing down BILLIONS in naked short fails prior to the transaction closing 7/31/2017: $18.63 Number of Sell Side questions on tangible book calculation in 3Q2020: ZERO Sell Side questions on the ballooning balance sheet fraud/shell game: ZERO Sell Side questions on cash OTCM business: ZERO Disclosures by Cifu on OTCM share volumes trading money laundering shells like ENZC,VISM,ABCE,OPTI,SFOR, etc etc etc: ZERO https://www.fool.com/earnings/call-transcripts/2020/11/06/virtu-financial-inc-virt-q3-2020-earnings-call-tra/ Virtu Financial Inc (VIRT) Q3 2020 Earnings Call Transcript I The Motley Fool Virtu Financial Inc (VIRT) Q3 2020 Earnings Call Transcript VIRT earnings call for the period ending September 30, 2020. www.fool.com No tough questions AGAIN. Especially when there's a $10 mil/month buyback. NITE/VIRT is grossly insolvent AGAIN,STILL,CONSTANTLY. EVERY Sell Side analist knows this. The SEC has known this for years. This SEC facilitated massive fraud on the public must end. Cheers! Christopher) Dilorio Whistleblower From: Chris Dilorio Sent: Friday, November 6, 2020 7:09 AM EFTA00039829
Subject: Fw: Formal appeal for preliminary denial covered action 2015-016/ Knight Capital TCR & Appendix Janey et al, NITE/VIRT just released 3Q2020 earnings. A direct result of a massive, ongoing, SEC facilitated fraud on the public the SEC is mandated to protect The Balance sheet fraud shell game continues. https://www.sec.gov/Archives/edgar/data/1592386/000110465920122134/tm2034848d1 ex99-1.htm for the sell siders to ask on the earnings Call: Tangible book BEFORE we get into mechanics of the massive, ongoing accounting fraud as a direct result of illegal naked shorting OTCM (and other) shells: I get les than $2/sh. Tell me where I'm wrong. But, it's MUCH MUCH MUCH worse than that; Account receivable : $1.88 billion Payable: $675 million Difference: $1.2 billion AR is where NITE books naked short fails as a result of self clearing. No intention/can't deliver. More accurately: a liability Further: prior commitment on this "asset": settlement. Nothing NITE/VIRT can convert to cash for company use. Also: Trading assets: the old securities owned Trading liabilities: the old securities sold not yet purchased Structural liability as a result of naked shorting. Propped up/off set by securities owned. NITE/VIRT is grossly insolvent STILL/AGAIN/CONSTANTLY. And, no breakdown of the vast driver of trading revenue: US equity market Making Did NITE/VIRT exit the extremely low tech/cash OTCM trading business? NOPE This illegal activity is extremely profitable. Virtually riskless in fact. AND is the driver of trading revenue. WHY the VIRT/KCG merger was done . Abusive naked shorting OTCM/other shells to facilitate money laundering is and always has been the core business at NITE. The SEC knows this. Where are disclosures in SEC filings of this high AML risk business? You won't find any. Cifu stopped reporting post merger. Not in Sell Side models either. INTENTIONALLY misleading the investing public as to the true nature of the NITE/VIRT business model. EFTA00039830