Sign in Subscribe
dismal-jellyfish

dismal-jellyfish

SEC chair Gary Gensler on Short-term investment funds and Collective investment funds: "There is no limit on leverage, requirement for regular reporting on holdings to investors, or requirement for an independent board."

https://www.sec.gov/news/speech/gensler-remarks-investment-company-institute-05252023 “Bear in the Woods” Remarks before the Investment Company Institute Gary Gensler Highlights: "There is a saying when you’re in the woods. “You don’t have to outrun the bear; you just have to outrun one of your fellow campers.”"
dismal-jellyfish 🧱 Market Reform

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates

A deep dive into the shrinking money supply: Banks get sweetheart programs from the liquidity fairy while households are forced to take on debt and in some instances DIE while being priced out of their lives in favor of rising interest rates to fight an inflation problem the Fed created.
dismal-jellyfish 📚 Due Diligence

-$167.2 billion! From March 2023 to April 2023, M2 (U.S. money stock--currency and coins held by the non-bank public, checkable deposits, and travelers' checks, plus savings deposits, small time deposits under 100k, and shares in retail money market funds

Money Stock Measures - H.6 Release https://www.federalreserve.gov/releases/h6/current/default.htm 1. M1 consists of (1) currency outside the U.S. Treasury, Federal Reserve Banks, and the vaults of depository institutions; (2) demand deposits at commercial banks (excluding those amounts held by depository institutions, the
dismal-jellyfish 📊 Data

FICC - MBS Alert! As of today, J.P. MORGAN SECURITIES LLC’s JSCX Clearing account has no open trade obligations on the books of the MBS Division of FICC. Effective immediately J.P. MORGAN SECURITIES LLC will terminate its JSCX account.

https://www.dtcc.com/-/media/Files/pdf/2023/5/23/MBS1226-23.pdf From a post earlier today: JP Morgan securities LCC: From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate
dismal-jellyfish 🗣 Discussion / Question

SEC Alert! Order Granting Temporary Conditional Exemptive Relief from Certain Requirements of the National Market System Plan Governing the Consolidated Audit Trail.

https://public-inspection.federalregister.gov/2023-11031.pdf Introduction and Background: * In July 2012, the Securities and Exchange Commission (the “Commission” or the “SEC”) adopted Rule 613 of Regulation NMS, which required national securities exchanges and national securities associations (the “Participants”) to jointly develop and submit to the Commission a national market
dismal-jellyfish 📰 News