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NSCC Alert! Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR Charge. These proposed enhancements developed 'in response to recent market events that led to a reconsideration of the idiosyncratic risks that the Gap Risk

Source: https://www.sec.gov/rules/sro/nscc/2022/34-96511.pdf Notice of Filing a Proposed Rule Change to Make Certain Enhancements to the Gap Risk Measure and the VaR ChargeComments due: 21 days after publication in the Federal RegisterAdditional Materials: Exhibit 3a, Exhibit 3b, Exhibit 5 When applicable, NSCC

FICC-GOV Alert! New Participant in the Netting of the Government Securities Division of FICC: Citadel Securities LLC #9579

Federal Reserve & FDIC Alert! The Fed & FDIC announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an orderly way.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20221215a.htm The Federal Reserve Board and the Federal Deposit Insurance Corporation announced today that they will extend until January 23, 2023, the comment period on an advance notice of proposed rulemaking to enhance regulators' ability to resolve large banks in an

Commissioner Hester M. Peirce on new Insider Trading rules: While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad.

Source: https://www.sec.gov/news/statement/peirce-insider-trading-20221214 Thank you, Chair Gensler. While this rulemaking is more prescriptive and restrictive than I would have preferred, I support it for likely doing more good than bad. It should help insiders to trade without fear of liability, while making it more difficult

SEC Alert! SEC Proposes Amendments to Enhance Disclosure of Order Execution Information

Source: https://www.sec.gov/news/press-release/2022-223 The Securities and Exchange Commission today proposed amendments that would update the disclosure required under Rule 605 of Regulation NMS for order executions in national market system stocks, which are stocks listed on a national securities exchange. Rule 605 was adopted in

SEC Alert! Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks.

Source: https://www.sec.gov/news/press-release/2022-221 The Securities and Exchange Commission today announced charges against eight individuals in a $100 million securities fraud scheme in which they used the social media platforms Twitter and Discord to manipulate exchange-traded stocks. According to the SEC, since at least January 2020,

SEC Alert! SEC Charges Financial Services Professional and Associate in $47 Million Front-Running Scheme

Source: https://www.sec.gov/news/press-release/2022-228 The Securities and Exchange Commission today announced fraud charges against Lawrence Billimek, an employee of a major asset management firm with securities portfolios worth billions of dollars, and Alan Williams, who previously worked at several financial industry firms, for perpetrating a multi-year