Dismal's Smacks

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SEC Alert! SEC Charges Caroline Ellison and Gary Wang with Defrauding Investors in Crypto Asset Trading Platform FTX

Source: https://www.sec.gov/news/press-release/2022-234 The Securities and Exchange Commission today charged Caroline Ellison, the former CEO of Alameda Research, and Zixiao (Gary) Wang, the former Chief Technology Officer of FTX Trading Ltd. (FTX), for their roles in a multiyear scheme to defraud equity investors in FTX,

FTX ALERT! Caroline Elisson's guilty plea is REDACTED in the section about securities fraud.

FICC - MBS Alert! Capped Contingency Liquidity Facility (“CCLF®”) Reset Reminder and Adjustable Percentage Update FICC will change the adjustable percentage from 80% to 90% for purposes of calculating the Defined Capped Liquidity Amount

Source: https://www.dtcc.com/-/media/Files/pdf/2022/12/21/MBS1171-22.pdf What is the Capped Contingency Liquidity Facility (“CCLF®”)? On April 25, 2017, the Commission approved FICC’s adoption of the Clearing Agency Liquidity Risk Management Framework (‘‘Framework’’), which broadly describes FICC’s liquidity risk management strategy

NSCC/FICC/DTC Alert! Order Granting Proposed Rule Changes to Amend Liquidity Risk Management Framework to Include a New Section Describing the Process by Which FICC Would Designate Uncommitted Resources as Qualifying Liquid Resources & Make Other Changes

Source: https://www.sec.gov/rules/sro/dtc/2022/34-96555.pdf On October 20, 2022, The Depository Trust Company (“DTC”), Fixed Income Clearing Corporation (“FICC”), and National Securities Clearing Corporation (“NSCC”) (each a “Clearing Agency,” and collectively, the “Clearing Agencies”), filed with the Securities and Exchange Commission (“Commission”) proposed rule

Cost of doing business? Wells Fargo penalties: $3.7 billion in 2022 for consumer abuses, $3 billion in 2020 for fraud, $2 billion in 2018 for toxic securities abuses, $1.9 billion in 2013 for banking violations, $5.3 billion in 2012 for mortgage abuses.

Source: https://violationtracker.goodjobsfirst.org/?parent=wells-fargo&order=penalty&sort=desc

Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships..."

Inflation Alert! Bank of Japan when raising interest rates today: 'The functioning of bond markets has deteriorated, particularly in terms of relative relationships among interest rates of bonds with different maturities and arbitrage relationships between spot and futures markets.' Source: https://www.boj.or.jp/en/announcements/release_

Inflation Alert! Fresh off yesterday's report that confidence among homebuilders plummeted for a record 12th month in December, U.S. single-family homebuilding dropped to a 2.5-year low in November and permits for future construction nose dived.

Source: https://www.census.gov/construction/nrc/pdf/newresconst.pdf Fresh off yesterday's report that confidence among homebuilders plummeted for a record 12th month in December, U.S. single-family homebuilding dropped to a 2.5-year low in November and permits for future construction nose dived. 2022 United States