HE PULLED THE BUY BUTTON AT 3:47AM. THE DEPOSIT NOTICE CAME THREE HOURS LATER. HE KEPT HIS SHARES.
The Chief Brokerage Officer of Archer Trading purchased 2,000 shares of Monarch Games stock on January 12th, 2021, for $43 each and sold them for $473 each seven weeks later, realizing a profit of $860,000. Two hours prior to his trading restriction decision, he had initiated a buy button restriction at 3:47 AM, just as retail investors were locked out and institutional traders capitalized.
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