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Commissioner Hester M. Peirce on the SEC's conflict of Interest when using predictive data Analytics by Broker-Dealers and Investment Advisers Proposal: "I dissent from this proposal and the thinking it embodies."

Commissioner Hester M. Peirce on the SEC's conflict of Interest when using predictive data Analytics by Broker-Dealers and Investment Advisers Proposal: "I dissent from this proposal and the thinking it embodies."

https://www.sec.gov/news/statement/peirce-statement-predictive-data-analytics-072623 Highlights: The best thing I can say for this proposal is that it serves, perhaps unintentionally, as a mirror reflecting the Commission’s distorted thinking. In that mirror, you will see the Commission’s attitude toward technology, which is not neutral, but hostile.

Inflation and Federal Reserve Alert! FOMC decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent.

Inflation and Federal Reserve Alert! FOMC decided to raise the target range for the federal funds rate to 5-1/4 to 5-1/2 percent.

Source: https://www.federalreserve.gov/monetarypolicy/files/monetary20230726a1.pdf Wut mean?: * Economic activity is expanding moderately, with strong recent job gains and a low unemployment rate. However, inflation is high. * The Committee's objectives are maximum employment and a 2% inflation rate over the long term. The federal funds

SEC Alert! Upcoming 6-Month Regulatory Plan OPEN for comment! In final rule: shortening transaction cycle, swap requirements, Best Execution, and more! Comment on the agenda due by 8/26/23.

SEC Alert! Upcoming 6-Month Regulatory Plan OPEN for comment! In final rule: shortening transaction cycle, swap requirements, Best Execution, and more! Comment on the agenda due by 8/26/23.

https://public-inspection.federalregister.gov/2023-14566.pdf * SEC released the rulemaking agenda for Spring 2023. * This agenda represents the Chair's priorities, not necessarily the entire Commission's views. * The details were last updated on April 10, 2023, but they've tried to include recent changes. * The SEC

"We allege that, for years, Joe Lewis abused his access to corporate board rooms and repeatedly provided inside information to his romantic partners, his personal assistants, his private pilots, and his friends,"

Source: https://twitter.com/SDNYnews/status/1683958068395102208 "orchestrating a brazen insider trader scheme" "has been indicted and will face justice" https://en.wikipedia.org/wiki/Joe_Lewis_(British_businessman) TLDRS: * Mr Williams, the chief law officer for the SDNY, alleges that Mr Lewis's acquaintances

'Citadel Securities Is Muscling Its Way Into Credit Trading'

'Citadel Securities Is Muscling Its Way Into Credit Trading'

https://dnyuz.com/2023/07/25/citadel-securities-is-muscling-its-way-into-credit-trading/ Highlights: * Citadel Securities is entering the corporate debt world, competing with Wall Street banks. * The firm recently began offering investment-grade trading and will soon introduce high-yield bond trading. * Already handling over one-third of all US retail stock trades via online platforms like Robinhood,

Confirming the Trust me bro™ from earlier: Chase Bank’s systems are indeed confirmed DOWN!

Trust me bro™ from earlier: https://www.reddit.com/r/Superstonk/comments/159o975/chase_banks_systems_are_down_trust_me_bro/ Source:https://www.marketwatch.com/story/chase-bank-outage-leads-to-interruptions-for-zelle-payment-network-e95b2739 An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to

BofA's Benjamin Bowler: Cost of betting on a stock-market crash is cheapest since 2008. “Since our data began in 2008, it has never cost less to protect against an S&P drawdown in the next 12 months,”

BofA's Benjamin Bowler: Cost of betting on a stock-market crash is cheapest since 2008. “Since our data began in 2008, it has never cost less to protect against an S&P drawdown in the next 12 months,”

Source: https://www.morningstar.com/news/marketwatch/202307251049/cost-of-betting-on-a-stock-market-crash-is-cheapest-since-2008-says-bofa Wut Mean?: The cost of hedging against a stock market downturn using S&P 500 put options is at its lowest since 2008, says Benjamin Bowler of BofA Global Research. * They state this low cost is due to a combination