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SEC Alert! SEC Commissioner Hester M. Peirce on Today's Money Market Fund Reforms: "I could have supported the final money market fund rule if we had been equally prudent with respect to other elements of the rule." "Accordingly, I will be voting no today

https://www.sec.gov/news/statement/peirce-statement-air-dancers-flies-adoption-latest-money-market-fund-reforms Thank you, Chair Gensler. I am pleased that we are removing the tie between liquid asset thresholds and fees and gates and that we are not moving forward with swing pricing. I could have supported the final money market fund rule if we

Federal Reserve Alert! Beige Book July 12, 2023: "many contacts reported an inability to fully pass on increased costs to consumers, which has compressed margins." Is the 'Greedflation' Peak in Sight?

https://www.federalreserve.gov/monetarypolicy/beigebook202307.htmOverall Economic Activity * Overall economic activity increased slightly since late May. * Five Districts reported slight or modest growth, five noted no change, and two reported slight and modest declines. * Reports on consumer spending were mixed; growth was generally observed in consumer services, but some

Inflation Alert! Purchasing power of dollars continues to VANISH! In June, purchasing power of $100 in January 2000 is now $55.40 (-$.20 from April & $1 since January!).

Remember, CPI tracks the loss of the purchasing power of your dollars, & thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R#0 Let's zoom in on this since 2020: CPI tracks the loss of the purchasing power of your dollars,

SEC Commissioner Hester M. Peirce: "I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure."

"I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure. Rule 15c3-3 effectively segregates customer activity from a broker-dealer’s proprietary activity." https://www.sec.gov/news/statement/peirce-proposed-amendments-exchange-act-rule-07-12-2023 Thank you, Mr. Chair. I support

Whistleblower Alert! SEC Awards Whistleblower More Than $9 Million. Whistleblower awards can range from 10% to 30% of the money collected when the monetary sanctions exceed $1 million. Therefore, the fine that was levied would range from $30 to $9 million

https://www.sec.gov/rules/other/2023/34-97879.pdf Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay

SEC Alert! SEC Proposes Rule Amendments to the Broker-Dealer Customer Protection Rule. SEC Proposes Daily Reserve Computations for Broker-Dealers.

Source: https://www.sec.gov/rules/proposed/2023/34-97877.pdf Summary: The Securities and Exchange Commission (SEC) is proposing a change to the broker-dealer customer protection rule. * The proposed amendment would require certain broker-dealers to perform their customer and broker-dealer reserve computations and make any required deposits into their reserve

SEC Alert! SEC Adopts New Rule for Money Market Fund Reforms and Amendments to Form PF Reporting Requirements for Large Liquidity Fund Adviser Boosting Transparency. Changes to how funds report information to Forms N-CR, N-MFP, and PF

https://www.sec.gov/rules/final/2023/33-11211.pdf (424 pages!)Wut mean?: The Securities and Exchange Commission (SEC) is making some changes to the rules that control money market funds. Money market funds are like a type of mutual fund that invests in highly liquid, short-term financial instruments. These