Dismal's Smacks

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SEC Alert! Notice of semiannual regulatory agenda: an opportunity to COMMENT on the Regulatory Flexibility Agenda for Spring 2023 on the priorities of the Chair of the U.S. Securities and Exchange Commission.

Source: https://www.sec.gov/rules/other/2023/33-11178.pdf About the Unified Agenda: The Regulatory Flexibility Act (5 U.S.C. 601 et seq.) requires that agencies publish semiannual regulatory flexibility agendas in the Federal Register identifying those rules that may have a significant economic impact on a substantial

The power of DRS and "Idiosyncratic Factors" increases the pain for short sellers and settlement fails in corporate securities. As a fraction of trading volume, fails that involve primary dealers reached an all-time high in the week of March 23, 2022

Good morning, I saw sdfprwggv's post this morning: DRS increases the pain for short sellers: The number of GameStop directly registered shares increases the minimum floor for the borrow rate. Source borrow fee: https://chartexchange.com/symbol/nyse-gme/borrow-fee/ DRS Numbers from Gamestop quarter fillings. This reminded me

Federal Reserve Alert! "In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a common policy for public requests for information and expect to implement this policy by the end of this year."

Source: https://www.newyorkfed.org/newsevents/statements/2023/0324-2023 * The Federal Reserve Banks are committed to transparency and accountability and each Reserve Bank has existing procedures for providing information to the public. * In the interest of further strengthening transparency and accountability, the 12 Reserve Banks have agreed to adopt a

NSCC, FICC, DTC Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework. Entire Exhibit is [REDACTED]

Sources: SR-NSCC-2023-00334-97280 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework Comments due: 21 days after publication in the Federal Register Additional Materials: Exhibit 5 SR-FICC-2023-00434-97283 Apr. 11, 2023 Notice of Filing and Immediate Effectiveness of a

Remarks of James Martin, Acting Director of the Office of Financial Research (shares the OPPOSITE sentiment of Hester M. Peirce's "Regulators must constrain their appetite for data.")

stating: "Both financial regulators and market participants need access to high-quality financial data." Remarks of James Martin, Acting Director of the Office of Financial Research, at the RegTech 2023 Data Summit Source: https://www.financialresearch.gov/public-appearances/2023/04/11/remarks-of-james-martin-at-regtech-summit/ Highlights: "If I were asked to

Whistleblower Alert! The Claims Review Staff (“CRS”) issued a Preliminary Determination recommending (“Claimant 1”) receive a whistleblower award of about $1 million.

Claimant 1’s tip was the initial source of the underlying investigation and caused the opening of the investigation. Source: https://www.sec.gov/rules/other/2023/34-97285.pdf Background: * (“Firm”), a registered broker-dealer * Claimant 2 was not aware that he/she could submit an award claim based on Commission

SEC Alert! Commissioner Hester M. Peirce in speech: "Regulators must constrain their appetite for data."

"The goal should be to collect only the data regulators need to perform their limited statutory missions, not all data or even all the data it might come in handy someday to have." Escaping the Data Swamp: Remarks before the RegTech 2023 Data Summit Commissioner Hester M. Peirce