Band of Traders - Together We Trade 05-22-21: SEC Charges Outfit, Mormon Church Profits
In this week's episode, Dan and Kyle are shocked to learn that the SEC has actually charged someone for shady trading practices. We also discuss the big crypto selloff along with the Mormon church making large gains in the GME events last January. For investing, we take a closer look at the AT&T planned spinoff/merger of Time Warner and Discovery and what a successful test flight for Virgin Galactic should lead to when the market opens next. In Options, Dan nearly goes all in on AMC and Kyle repeats a frequent mistake. For the bet, Dan comes up with a clever loophole, but will Kyle agree?
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Links:
News Articles:
BTIG Charge by SEC for Short Selling Violations
Fidelity Announces Trading Account for Kids
China Cracks down on Cryptocurrencies
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