THE INVERSE OF PUMP & DUMP
In the latest episode of Going Rogue with Lara Logan, Lara sits down with Greg McCabe, chairman and CEO of Next Bridge Hydrocarbons, as he breaks more than three years of public silence about the battle surrounding MMTLP and Next Bridge.
McCabe details what he alleges are serious failures in the U.S. financial markets, including naked short selling, unauthorized trading, counterfeit shares and the FINRA trading halt that affected roughly 124,000 shareholders.
McCabe explains what he calls “short and distort” — the inverse of pump and dump: profiting from a falling stock while negative information is used to undermine confidence in a company. Lara presses him on the role of regulators and what these practices could mean for everyday Americans invested in the stock market.
The episode examines the MMTLP controversy, the actions of FINRA and the SEC, the billion-share allegation, broker-dealer settlement issues and McCabe’s call for greater transparency and accountability.
Watch the full episode:
https://bit.ly/goingrogue-ep992
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