我懂。我一开始也觉得这太震撼、太不可思议了。我可以推荐这本书：苏珊·特林巴斯（Susanne Trimbath）的《赤裸、做空与贪婪：华尔街的未能交付之痛》（Naked, Short and Greedy: Wall Street's Failure to Deliver，2020年）。书里全是一位曾就职于 SEC 的业内人士给出的实例和证据。
I understand. I found it mind blowing and unbelievable too at first. I can recommend this book: Naked, Short and Greedy: Wall Street's Failure to Deliver (2020) Susanne Trimbath It's full of examples and evidence from someone who has worked at the SEC.
…participants. But that's a lottt of work, I hope this triggers people's curiosity. https://www.sec.gov/files/litigation/admin/2025/34-102170.pd... A more general one about how the markets (don't) work: Naked, Short and Greedy Wall Street's Failure to Deliver - Susanne Trimbath (book)
…delivered. AKA: they take your money when you buy a stock, it appears in your account, but they didn't actually deliver anything. Then look up how many of those happen daily in any US stock. Or read up here: Naked, Short and Greedy: Wall Street's Failure to Deliver by Susanne Trimbath
是的，RH搞虚假股票交易属于阴谋论。但这种情况在美国确实存在却算不上什么阴谋论，因为早已有相当详尽的文献记录。关于这一点的一个消息源/书籍就是《Naked, Short and Greedy》。不过，内部化交易（internalizing trades）就不怎么算阴谋了。几乎所有的美国券商都会这么做，或者提供这种交易路由选项。SEC 主席曾表示，几乎所有散户在任何……市价单
Yes counterfeit stock trading by RH is a conspiracy. But the fact that it happens in the US is not really a conspiracy as it has been documented quite thoroughly. A source/book about it is "Naked short and greedy". Internalizing trades however is less of a conspiracy. Almost all US brokers do this or offer this trade routing option. Here's the head of the SEC stating that almost all retail market orders on any…
我们已经看到 Archegos 爆仓以及瑞士信贷（Credit Suisse）从事高危操作的恶果了（是否欺诈有待法庭审理）。鉴于过去一年美联储对准备金水平的豁免，我敢打赌这绝不是孤立事件，更多银行背地里干了非常出格的事。
如果你感兴趣的话，这里有一部关于裸卖空（naked short selling）和未能交付（failures to deliver）的纪录片：https://www.youtube.com/watch?v=Kpyhnmd-ZbU
这里有一位经济学
We already have a fallout in Archegos and Credit Suisse doing risky stuff (fraud TBD in court). With an exemption from the Fed on reserve levels over the last year, I'm betting those weren't isolated events and more banks have been very naughty.
Here's a documentary about naked short selling and failures to deliver if you're interested: https://www.youtube.com/watch?v=Kpyhnmd-ZbU
Here's an econo
…for experts to correct any errors, red herrings, or misinformation in the community’s DD, which hadn’t already been picked up by other users. Here’s one with Dr Susanne Trimbath, author of the book “Naked, Short and Greedy: Wall Street’s Failure to Deliver”. Her many other qualifications can be found in the video description: https://youtu.be/fGVY2Kco8ng
我懂。我一开始也觉得这太震撼、太不可思议了。我可以推荐这本书：苏珊·特林巴斯（Susanne Trimbath）的《赤裸、做空与贪婪：华尔街的未能交付之痛》（Naked, Short and Greedy: Wall Street's Failure to Deliver，2020年）。书里全是一位曾就职于 SEC 的业内人士给出的实例和证据。
I understand. I found it mind blowing and unbelievable too at first. I can recommend this book: Naked, Short and Greedy: Wall Street's Failure to Deliver (2020) Susanne Trimbath It's full of examples and evidence from someone who has worked at the SEC.
……参与者。但那可是个超级大工程，希望这能引发大家的好奇心。https://www.sec.gov/files/litigation/admin/2025/34-102170.pd... 还有一本更通俗地讲述市场是如何运作（或瘫痪）的书：苏珊·特林巴斯的《赤裸、做空与贪婪：华尔街的未能交付之痛》（书）
…participants. But that's a lottt of work, I hope this triggers people's curiosity. https://www.sec.gov/files/litigation/admin/2025/34-102170.pd... A more general one about how the markets (don't) work: Naked, Short and Greedy Wall Street's Failure to Deliver - Susanne Trimbath (book)
……完成交付。也就是说：当你买股票时他们收了你的钱，股票也显示在你的账户里，但他们实际上根本没交割任何东西。然后去查查美股中每天发生多少起这种破事。或者读读这本：苏珊·特林巴斯的《赤裸、做空与贪婪：华尔街的未能交付之痛》
…delivered. AKA: they take your money when you buy a stock, it appears in your account, but they didn't actually deliver anything. Then look up how many of those happen daily in any US stock. Or read up here: Naked, Short and Greedy: Wall Street's Failure to Deliver by Susanne Trimbath
是的，RH搞虚假股票交易属于阴谋论。但这种情况在美国确实存在却算不上什么阴谋论，因为早已有相当详尽的文献记录。关于这一点的一个消息源/书籍就是《Naked, Short and Greedy》。不过，内部化交易（internalizing trades）就不怎么算阴谋了。几乎所有的美国券商都会这么做，或者提供这种交易路由选项。SEC 主席曾表示，几乎所有散户在任何……市价单
Yes counterfeit stock trading by RH is a conspiracy. But the fact that it happens in the US is not really a conspiracy as it has been documented quite thoroughly. A source/book about it is "Naked short and greedy". Internalizing trades however is less of a conspiracy. Almost all US brokers do this or offer this trade routing option. Here's the head of the SEC stating that almost all retail market orders on any…
我们已经看到 Archegos 爆仓以及瑞士信贷（Credit Suisse）从事高危操作的恶果了（是否欺诈有待法庭审理）。鉴于过去一年美联储对准备金水平的豁免，我敢打赌这绝不是孤立事件，更多银行背地里干了非常出格的事。 如果你感兴趣的话，这里有一部关于裸卖空（naked short selling）和未能交付（failures to deliver）的纪录片：https://www.youtube.com/watch?v=Kpyhnmd-ZbU 这里有一位经济学
We already have a fallout in Archegos and Credit Suisse doing risky stuff (fraud TBD in court). With an exemption from the Fed on reserve levels over the last year, I'm betting those weren't isolated events and more banks have been very naughty. Here's a documentary about naked short selling and failures to deliver if you're interested: https://www.youtube.com/watch?v=Kpyhnmd-ZbU Here's an econo
……让专家们来纠正社区尽职调查（DD）中任何未被其他用户发现的错误、烟雾弹或假消息。这里就有一个专访，受访者是《赤裸、做空与贪婪：华尔街的未能交付之痛》一书的作者苏珊·特林巴斯博士。她的其他诸多资历可以在视频简介中找到：https://youtu.be/fGVY2Kco8ng
…for experts to correct any errors, red herrings, or misinformation in the community’s DD, which hadn’t already been picked up by other users. Here’s one with Dr Susanne Trimbath, author of the book “Naked, Short and Greedy: Wall Street’s Failure to Deliver”. Her many other qualifications can be found in the video description: https://youtu.be/fGVY2Kco8ng