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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

The Daily Stonk

The Daily Stonk: A Recap (6/2/24-6/8/24)

Welcome, Welcome, Welcome to this edition of the 'Daily Stonk' I'm your host Dismal-Jellyfish here with a quick recap of the week. Before going any further, I am sure you may me wondering why the post to begin with? Great question! With the rate events seemingly

Stress tests will be released on Wednesday, June 26, at 4:30 p.m. EDT

Federal Reserve Board announces 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.

Highlights: The Federal Reserve Board announced on Thursday that results from its annual bank stress tests will be released on Wednesday, June 26, at 4:30 p.m. EDT. Additionally, aggregate results from the Board's first exploratory analysis, which will not affect bank capital requirements, will be released

SEC Chair Gary Gensler

SEC Chair Gary Gensler: "Investors today can get information from more sources than ever before. They can share advice peer-to-peer via new social media platforms, as well as Reddit communities and YouTube channels."

SEC Chair Gary Gensler emphasizes the value of diverse information sources for investors, including peer-to-peer advice via social media platforms like Reddit and YouTube, which bring new voices and research into the investment field.

Managed Funds Association (MFA) statement on court vacating Private Fund Adviser Rule

Managed Funds Association (MFA) statement on court vacating Private Fund Adviser Rule: "Unfortunately, this is just one instance of SEC overreach as it looks to push through the most aggressive agenda in decades."

Today, MFA President and CEO Bryan Corbett issued the following statement after the Fifth Circuit Court of Appeals vacated the Private Fund Adviser Rule: "Unfortunately, this is just one instance of SEC overreach as it looks to push through the most aggressive agenda in decades" In September 2023,

"we all have a free speech right to go and say to a neighbor, whether it’s online or in person, I like this investment,”

To the people familiar with the matter complaining DFV updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021

To the people familiar with the matter complaining DeepFuckingValue/RoaringKitty/Kieth Gill updates are market manipulation, please revisit Gary Gensler's testimony from Thursday, May 6, 2021 at the house congressional hearing GAME STOPPED? WHO WINS AND LOSES WHEN SHORT SELLERS, SOCIAL MEDIA, AND RETAIL INVESTORS COLLIDE, PART III: