Azoria CEO Alleges Political 'Debanking' of Conservative ETFs

Alleged Political Discrimination

• 🎯 Azoria CEO James Fishbach claims his firm's ETFs are being delisted and "debanked" due to politically motivated actions.
• 💡 The issue arose after Azoria proposed an amendment to their meritocracy fund to exclude companies firing Americans and hiring foreigners, specifically targeting H-1B visa usage.

Tidal ETF's Response and Actions

• 🚫 Tidal ETF's board voted to shut down and liquidate Azoria's funds in December, without shareholder input.
• 📄 Tidal stated the decision was unrelated to political views and that they were unaware of the H-1B visa strategy request.
• ⚖️ Tidal cited a subpoena received on September 29th in connection with litigation involving Fishbach and his prior employer, Greenlight Capital, as the trigger for their actions.

Fishbach's Rebuttal

• 🗣️ Fishbach dismisses Tidal's explanation as "fake news" and a pretext for political discrimination.
• ⏳ He states the lawsuit mentioned by Tidal is old, resolved, and has had no damages awarded.
• 🇺🇸 Fishbach asserts that Tidal is siding with foreign workers against Americans and President Trump's stance on the H-1B program.

Broader Implications and Future Plans

• 🔍 Fishbach highlighted that Tidal employs three H-1B workers, suggesting hypocrisy.
• 🚀 Despite the delisting, Azoria plans to relaunch the fund next year, vowing not to be intimidated.
• 📢 The White House is reportedly monitoring the situation, and Fishbach has contacted the SEC chairman to intervene.