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SEC Alert! Equitable Financial To Pay $50 Million Penalty To Settle SEC Charges That It Provided Misleading Account Statements to Investors
Source: https://www.sec.gov/news/press-release/2022-124
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DTC Alert! Elimination of Email Notifications of Client Short Positions
Source
The Depository Trust Company (“DTC”) will eliminate notifications on client short positions via email, effective January 1, 2023. Background When clients incur short positions, DTC imposes a hold of 130% of the value of the short position until the short position is covered. Historically, DTC has sent an email
NYSE Alert! Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Extend the Current Pilot Program Related to Rule 7.10 (Clearly Erroneous Executions).
SR-NYSE-2022-31
34-95301
Comments due: 21 days after publication in the Federal Register
Additional Materials: Exhibit 5
* Submit Comments on SR-NYSE-2022-31
The purpose of the proposed rule change is to extend the current pilot program related to Rule 7.10 (Clearly Erroneous Executions) to the close of business on October 20,
SEC Alert! Jaime Lizárraga Sworn In as SEC Commissioner.
Source: https://www.sec.gov/news/press-release/2022-123
Commissioner Lizárraga most recently served as Senior Advisor to House Speaker Nancy Pelosi. In that role, Commissioner Lizárraga oversaw issues related to financial markets, small business, international finance, and immigration. He also served as Speaker Pelosi’s liaison to, and worked closely
SEC Alert! SEC today announced awards totaling more than $6 million to two whistleblowers who provided critical information and assistance in two separate covered actions.
Source: https://www.sec.gov/news/press-release/2022-122
In the first order, the SEC issued an award of more than $3 million to a whistleblower who was solicited to invest in a product that they believed was being misrepresented. The individual expeditiously alerted the SEC to the potential misconduct, which
Inflation Alert! Kansas City Federal Reserve President Esther George says removing stimulus should be systematic and that the Central Bank should weigh asset sales to curb inflation.
Good afternoon r/Superstonk. Before diving into Esther George's interview in the Wall Street Journal, I would like to begin by trying to describe what the Fed is currently trying to pull off with a motorcycle analogy:
In the prior crisis, the Fed slowed the motorcycle down by