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SEC Alert! SEC Charges HSBC and Scotia Capital with Widespread Recordkeeping Failures.

The firms admitted that their employees often communicated “off-channel” about securities business matters on their personal devices, using messaging platforms, such as WhatsApp. Release: The Securities and Exchange Commission today charged HSBC Securities (USA) Inc. and Scotia Capital (USA) Inc. for widespread and longstanding failures by both firms and their

Bank Funding during the Current Monetary Policy Tightening Cycle: Banks Have Replaced Deposit Funding with Other Borrowing (FHLB, Primary Credit, BTFP).

Bank Funding during the Current Monetary Policy Tightening Cycle Stephan Luck, Matthew Plosser, and Josh Younger https://libertystreeteconomics.newyorkfed.org/2023/05/bank-funding-during-the-current-monetary-policy-tightening-cycle/ Trends in Aggregate Deposits and Borrowings We begin by describing the cumulative change in bank deposit funding and other sources of bank borrowing since the start of

SEC Chair Gary Gensler: "While the SEC oversees more than 7,000 public company issuers, there are around 50,000 municipal securities issuers. Strikingly, there are approximately one million different outstanding municipal securities"

https://www.sec.gov/news/speech/gensler-remarks-municipal-securities-disclosure-conference-051023 Highlights: * "Based on these authorities, in 1989 the Commission adopted—and as recently as in 2018 amended—Rule 15c2-12." * "The rule ensures that those acting as underwriters of municipal securities confirm that issuers agree to make continuous disclosures to investors,

SEC Chair Gary Gensler: "Many hedge funds are receiving the vast majority of their repo financing in the non-centrally cleared market, where haircuts or initial margin requirements are not necessarily applied."

"This might create greater risk in times of stress" The Next “Century of Progress": Remarks before the International Swaps and Derivatives Association Annual Meeting https://www.sec.gov/news/speech/gensler-remarks-isda-051023 Highlights: * "Broadly speaking, our proposal would require clearinghouses to ensure that their members bring in

Icahn Enterprises Responds to Self-Serving Short Seller Report: "We recently have taken steps to reduce the short positions in our hedge book and concentrate for the most part on activism, which has served us so well in the past."

Source: https://finance.yahoo.com/news/icahn-enterprises-responds-self-serving-150000648.html How is this related to GME? Icahn allegedly holds a short position in GameStop: https://www.thestreet.com/memestocks/gme/gamestop-stock-carl-icahns-short-could-backfire https://www.reuters.com/business/carl-icahn-holds-short-position-gamestop-bloomberg-news-2022-11-21/ Reducing the position potentially? Buying pressure? Reddit Post

NY Fed President John C. Williams: "The Federal Reserve is committed to bringing inflation down. As the Mandalorian would say, Price stability. "This is the way." In "The Rise of Skywalker," Anakin urged Rey to "bring back the balance."

https://www.newyorkfed.org/newsevents/speeches/2023/wil230509 Highlights: "The Federal Reserve is committed to bringing inflation down. As the Mandalorian would say, "Price stability." * ""This is the way."" "The FOMC is mandated by Congress to promote maximum employment and price stability.

Companies hide negative news by issuing unrelated press releases alongside SEC filings, study shows.

It found that, alongside 8-K reports featuring negative news, managers tend to push out simpler, unrelated press releases to divert attention from the harder-to-read regulatory filings. Source: https://news.nd.edu/news/companies-hide-negative-news-by-issuing-unrelated-press-releases-alongside-sec-filings-study-shows/ To distract investors from bad news, companies strategically issue unrelated press releases on the same day they