Dismal's Smacks

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dismal-jellyfish

dismal-jellyfish

over $2.59 billion in penalties for unapproved methods of communication & recordkeeping.

Since December 2021 CFTC & SEC have brought 48 enforcement actions & ordered over $2.59 billion in penalties for unapproved methods of communication & recordkeeping. SEC: "we know that other SEC-regulated entities have committed similar violations".

When will they realize fines are not a deterrent? SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures and agreed to pay combined penalties of $289 million. Wedbush Securities, Houlihan Lokey, SMBC Nikko, SG Americas, Moelis, Wells Fargo, Mizuho, BMO, BNP Paribas CFTC Alert! CFTC Orders BNP Paribas ($75m)

Reverse repo counterparties list updated: Farm Credit Bank of Texas, Credit Suisse AG, New York Branch, and Schwab US Treasury Money Fund have been added to the list of reverse repo counterparties, effective August 8, 2023

Given the sub tracks RRP numbers daily, I thought there may be interest who is eligible to use the facility. Reddit Post

CFTC

CFTC Orders BNP Paribas ($75m), Société Générale ($75m), Wells Fargo ($75m), & Bank of Montreal ($35m) to pay a total of $260 Million for Recordkeeping and Supervision Failures for Widespread Use of Unapproved Communication Methods

* Order: BNP Paribas S.A., et al * Order: Société Générale SA, et al * Order: Wells Fargo Bank et, al * Order: Bank of Montreal * Statement of Commissioner Kristin Johnson * Statement of Commissioner Christy Goldsmith Romero Press Release The Commodity Futures Trading Commission today issued orders simultaneously filing and settling charges against

SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures

SEC Charges 11 Wall Street Firms with Widespread Recordkeeping Failures and agreed to pay combined penalties of $289 million. Wedbush Securities, Houlihan Lokey, SMBC Nikko, SG Americas, Moelis, Wells Fargo, Mizuho, BMO, BNP Paribas

* SEC Order - Wedbush Securities Inc * SEC Order - Houlihan Lokey Capital Inc. * SEC Order - SMBC Nikko Securities America Inc. * SEC Order - SG Americas Securities LLC * Moelis & Company LLC * Wells Fargo Securities LLC, Wells Fargo Clearing Services LLC, and Wells Fargo … * Mizuho Securities USA LLC * BMO Capital

Seasonally adjusted, in June, consumer credit increased (AKA DEBT) at an annual rate of 4.3%.

Seasonally adjusted, in June, consumer credit increased (AKA DEBT) at an annual rate of 4.3%. For the second quarter, consumer credit increased at an annual rate of 4%. Revolving credit (credit cards) increased at an annual rate of 7.1%

Consumer Credit Outstanding (Seasonally adjusted): Wut mean? * Total consumer credit increased at an annual rate of 4.3% in June 2023. * For the second quarter, consumer credit increased at an annual rate of 4%. * Revolving credit (credit cards) increased at an annual rate of 11.2%--DEBT is BALOONING WAY

Rule for Reporting & Information Requirements for Derivatives Clearing Organizations effective 9/7/2023.

Rule for Reporting & Information Requirements for Derivatives Clearing Organizations effective 9/7/2023.

Previous Superstonk posts: https://www.reddit.com/r/Superstonk/comments/12kqjbs/cftc_alert_open_for_comment_cftc_proposing_to/ https://www.reddit.com/r/Superstonk/comments/1497cmp/cftc_alert_extension_of_comment_period_through/ AMENDMENTS TO REGULATION § 39.13: 39.15(b)(2) outlines how a Derivatives Clearing Organization (DCO)

TheStreet: "Has GameStop Stock Been Targeted By Synthetic Short Positions? Retail investors speculate that financial institutions using derivative trading tools have targeted GameStop."

Source: https://www.thestreet.com/memestocks/gme/has-gamestop-stock-been-targeted-by-synthetic-short-positions Looks like they visit the sub?!?! https://www.reddit.com/r/Superstonk/comments/15gfu4z/archegos_swaps_submitted_to_court_with_big/ Following these significant events in 2021, the SEC has been scrutinizing the transparency of trading structures and advocating for greater disclosure