Sign in Subscribe
dismal-jellyfish

dismal-jellyfish

OPEN for comment, collection for Rule 611. Without this collection of information, respondents would not have a means to enforce compliance with SECโ€™s intention to prevent internalizers trade-throughs

trade-throughs is execution of a transaction in its market at a price that is inferior to a bid in another market. Source: https://public-inspection.federalregister.gov/2023-09201.pdf Wut Mean? * The SEC adopted Rule 611 of Regulation NMS under the Exchange Act to require any national securities exchange, national securities
dismal-jellyfish ๐Ÿงฑ Market Reform

Inflation Alert! Federal Reserve issues FOMC statement: the Committee decided to raise the target range for the federal funds rate to 5 to 5-1/4 percent.

Source: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230503a.htm Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

Report to the Secretary of the Treasury: "Treasuryโ€™s current cash balance of $238 billion is already well below TBAC recommended levels, and significantly below what even the nationโ€™s largest banks hold in available liquidity..."

"Treasuryโ€™s current cash balance of $238 billion is already well below TBAC recommended levels, and significantly below what even the nationโ€™s largest banks hold in available liquidity despite managing significantly smaller balance sheets." Source: https://home.treasury.gov/news/press-releases/jy1461 May 3, 2023 May 2,
dismal-jellyfish ๐Ÿ“ˆ Macroeconomics

SEC Alert! SEC Reopening of Comment Period for Modernization of Beneficial Ownership Reporting. The Proposed Amendments also would deem holders of certain cash settled derivative securities as beneficial owners of the reference equity securities

Source: https://public-inspection.federalregister.gov/2023-09454.pdf As described more fully in the Proposing Release, the Commission proposed to amend certain rules to modernize the beneficial ownership reporting requirements. 4 The Proposed Amendments would, among other things: 1. Revise the Rule 13d-1(a) filing deadline for the initial Schedule 13D
dismal-jellyfish ๐Ÿงฑ Market Reform

SEC Alert! Gary Gensler: "in the last few years, many hedge funds are receiving repo financing in the non-centrally cleared bilateral market, where haircuts or initial margin requirements are not necessarily applied."

Chair Gary Gensler in speech: โ€œThe โ€˜90s: Rom-coms, the Spice Girls, & MFA:โ€ Remarks Before the Managed Funds Association https://www.sec.gov/news/speech/gensler-remarks-managed-funds-association-050223 Private Funds * Advisers now report more than $25 trillion in private fund gross asset value amongst tens of thousands of funds. * The reported assets
dismal-jellyfish ๐Ÿงฑ Market Reform

Covered first on Superstonk, the SEC's 19th CLOSED door meeting this year via the Sunshine Act is 2:00 p.m. on Thursday, May 4, 2023. Resolution of litigation claims and Other matters relating to examinations and ENFORCEMENT proceedings to be considered.

Are the enforcement proceedings for Virtu?!? https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-01-2023/card/virtu-stock-falls-after-disclosure-of-potential-sec-enforcement-action-w8oxzdAvCUYsPpvvpSDn https://public-inspection.federalregister.gov/2023-09266.pdf CLOSED door meetings 2023: Meeting NumberDate195/4184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to be a weekly
dismal-jellyfish ๐Ÿ“š Due Diligence