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Korea's Financial Service Commission to Implement Short Sale Reform Measures

Korea's Financial Service Commission to Implement Short Sale Reform Measures Introduced to Prevent Illegal Trading Activities and Protect Investors.

The Financial Services Commission announced the finalized version of short sale reform measures on June 13, which include plans to establish a completely electronic short sale processing system until March 2025, limit the length of stock repayment period for both institutional investors and retail investors to maximum 12 months, and
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SEC Chair Gary Gensler

SEC Chair Gary Gensler: "Without additional resources, the oversight of markets is at risk. Our ability to find bad actors is at risk. Our responsiveness to market participants is at risk."

Today, SEC Chair Gary Gensler appeared before Congress to give testimony before the Subcommittee on Financial Services and General Government. According to Gary, the U.S. capital markets have seen significant growth and increased participation from everyday investors. Currently, 58% of U.S. households own stocks, up from 52% in
dismal-jellyfish ๐Ÿงฑ Market Reform
FINRA DELAYS for 45 days moving forward with Rule 6500

FINRA Alert! FINRA DELAYS for 45 days moving forward with Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) requiring reporting of securities loans and provide for the public dissemination of loan information.

FINRA is proposing, as required by Securities Exchange Act Rule 10c-1a, to adopt the new FINRA Rule requiring the reporting of securities loans and provide for the public dissemination of loan information. The proposed rule change was published for comment May 7, 2024 and a decision on the rule needed
dismal-jellyfish ๐Ÿงฑ Market Reform
The amount of interest paid to live another day? $6,951,197,000

Bank Term Funding Program Alert! As of May 31, 2024 the total outstanding amount of all advances under the BTFP was $107,946,342,000. The amount of interest paid to live another day? $6,951,197,000.

Back in January, the Fed announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11 and that the program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions. As the program
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