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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

Short Sale Ban Extended Until March 30, 2025

Korea Financial Service Commission: Short Sale Ban Extended Until March 30, 2025.

The Financial Services Commission held an extraordinary session on June 13 and decided to extend the period of enforcing short sale ban currently set to expire at the end of this month until March 30, 2025. However, covered short selling by market makers and liquidity providers will continue to be

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

Fed holding a closed meeting Friday

Federal Reserve Alert! The Fed to hold a CLOSED meeting at 9:30 a.m. on Friday, June 14, 2024 for an update on Bank Stress Tests.

Last week, the Fed announced that results from its annual bank stress tests will be released on Wednesday, June 26, at 4:30 p.m. EDT. This year, 32 banks with $100 billion or more in total assets are subject to the stress tests. Additionally, aggregate results from the Board&

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

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

ACS Execution Services

From June 2017 to the present, ACS Execution Services effected at least 10 million short sales to facilitate net trading by its broker-dealer clients without locating shares available for borrowing.

ACS failed to obtain locates for short sale orders as required by Rule 203(b)(J) of Regulation SHO: As a result, ACS effected at least 10 million sho1t sales for its own account to facilitate short sale orders on a net basis without borrowing the securities, entering into a