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Credit Suisse Entities to Pay $10 Million for Providing Prohibited Mutual Fund Services

Without admitting or denying the allegations Credit Suisse Entities to Pay $10 Million for Providing Prohibited Mutual Fund Services.

* Section 9(a)(2) of the Investment Company Act prohibits individuals or entities from serving as investment advisers, depositors, or principal underwriters for registered investment companies if they are enjoined by a court from engaging in securities-related activities due to misconduct. * The Consent Order issued by the New Jersey Court

12/12 & 12/13 a CLOSED meeting of the Board of Governors

12/12 & 12/13 a CLOSED meeting of the Board of Governors of the Federal Reserve System was held as it was determined the public interest did not require opening the meeting. Matter(s) Considered: Discussion of Monetary Policy Issues.

TLDRS: * 12/12 & 12/13 a CLOSED meeting of the Board of Governors of the Federal Reserve System was held as it was determined the public interest did not require opening the meeting. * Matter(s) Considered: Discussion of Monetary Policy Issues. Reddit Post

Commissioner Hester M. Peirce

"the Commission is considering today would commit the market to what may be a reckless ride down the path to mandatory clearing, with no brakes or off-ramps in the event the market takes a bad turn. Accordingly, I cannot support it."

Source: https://www.sec.gov/news/statement/peirce-statement-rules-improve-risk-management-12-13-23 Thank you, Mr. Chair. A government that routinely runs substantial deficits needs to be cautious when structuring the rules for the markets in which it borrows. Additional central clearing in the U.S. Treasury market may be one way to strengthen the

Gary Gensler Statement on Final Rules Regarding Treasury Clearing

Gary Gensler Statement on Final Rules Regarding Treasury Clearing: "I am pleased to support these rules because they will help to make this vital part of our capital markets more efficient, competitive, and resilient."

Source: https://www.sec.gov/news/statement/gensler-statement-treasury-clearing-121323 Today, the Commission is considering whether to adopt rules regarding the central clearing of U.S. Treasury securities. I am pleased to support these rules because they will help to make this vital part of our capital markets more efficient, competitive, and

Standards for Covered Clearing Agencies for U.S. Treasury Securities

SEC Adopts Rules to Improve Risk Management in Clearance and Settlement and Facilitate Additional Central Clearing for the U.S. Treasury Market

The Commission is responsible for facilitating the establishment of a national system for the prompt and accurate clearance and settlement of securities transactions. This responsibility includes the authority to regulate clearing agencies engaged in the clearance and settlement of government securities transactions, including U.S. Treasury securities. This inclusion of

$1 in every $4 dollars to be spent online this holiday season

A breakdown: forecasts suggest $1 in every $4 dollars to be spent online this holiday season, with expectations of 9.4% annual growth in online sales, all while RCEO drives a pivot from brick-and-mortar to technology driven!

Source: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/encouraging-holiday-sales-forecasts-making-retailers-spirits-bright-79705381 Highlights: * Peak retail season, which is the months of November and December combined, is expected to generate 2.8% more in holiday retail sales than in 2022, adjusted for an expected 0.5% increase in retail prices, according to a

Multiple brokers caught by FINRA stealing millions from retail by forcing over 5 million retail customers into share lending while keeping the profits.

Multiple brokers caught by FINRA stealing millions from retail by forcing over 5 million retail customers into share lending while keeping the profits.

Following up from today's earlier post: FINRA 'discipline' Alert! From January 2019-March 2023, SoFi required retail customers, as a condition of opening an account, consent to their securities lending program--more than two million customers were automatically enrolled. About securities lending: Fully paid securities lending is a