PJ Matlock

About

Who I Am

I built one of the largest retail trading communities on Discord from the ground up.

Day Trader

U.S. equities, options, futures, crypto. I trade my own money, share my own views, and don't manage anyone else's capital.

Community Builder

Atlas Trading is one of the largest stock trading communities on Discord. Real traders, real discussion, no hand-holding.

Entrepreneur

Building products and businesses. I think for myself, take risks, and back it up with action.

Case Update - April 2026

The Government's Case Has Fundamental Problems

In 2022, the DOJ brought charges. In 2024, a federal judge threw them out. The government appealed, and the Fifth Circuit sent the case back on narrow procedural grounds. No trial has occurred. No evidence has been tested. No jury has heard a single fact. The government still has to prove its entire case, and the core legal issues that led to dismissal in the first place have not gone away.

Read Full Case Status

Already Dismissed Once

A federal judge reviewed the government's indictment, found it legally deficient, and dismissed it before trial in March 2024.

No Trial, No Evidence Tested

The Fifth Circuit reversal was procedural. Zero witnesses have testified. Zero exhibits have been admitted. The presumption of innocence stands.

Materiality Is the Real Battleground

The Fifth Circuit resolved one narrow element. It did not address whether any statement was actually false, material, or made with intent to defraud. Those are the questions that decide this case.

This Affects Everyone

If the government's theory holds, any retail trader who posts a bullish take and later sells could face a federal indictment. The line between fraud and free speech matters.

I maintain my innocence and I will fight this in court. The government's theory turns ordinary market speech into a federal crime. That should concern every person who participates in public markets, posts about stocks online, or believes that sharing an opinion is not a felony. The facts and the law are on my side, and when this case is fully litigated, I believe that will be clear.