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SEC: Robinhood Securities failed to comply with Regulation SHO, the regulatory framework designed to address abusive short selling practices.

SEC: Robinhood Securities failed to comply with Regulation SHO, the regulatory framework designed to address abusive short selling practices.

The Securities and Exchange Commission (SEC) announced today that Robinhood Securities LLC and Robinhood Financial LLC, collectively known as Robinhood, have agreed to pay $45 million in civil penalties to settle a series of charges stemming from significant regulatory violations in their brokerage operations. According to the SEC, the firms

Hutchinson managed a team that are responsible for the agency’s supervision of derivatives clearinghouses and their members.

CFTC Announces Departure of Clearing and Risk Director Clark Hutchison, who will depart the agency January 15th.

CFTC Announces Departure of Division of Clearing and Risk Director Clark Hutchison The Commodity Futures Trading Commission (CFTC) has announced that Clark Hutchison, Director of the Division of Clearing and Risk, will leave the agency on January 15. Hutchison, who has held the position since July 2019, has played a

First National Bank of Lindsay, Lindsay, Okla., was closed today

Bank Fail Friday! First National Bank of Lindsay, Lindsay, Okla., was closed today by the Office of the Comptroller of the Currency (OCC), which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

The Office of the Comptroller of the Currency (OCC) closed The First National Bank of Lindsay today, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver. To safeguard depositors, the FDIC has entered into an agreement with First Bank & Trust Co. of Duncan, Okla., to assume the insured deposits

SEC Failing To Deliver FTD Data, Intentionally?

After some apes noticed that the SEC FTD Data appears to be missing FTD data for Sept 20, I decided to analyze the FTD data to see if the data truly may be missing. Spoiler: Looks missing to me! You may recall one of my prior DD's on

Short & Sweet - Easy Petition Templates for NSCC Rule Change. With Updates!

Short & Sweet - Easy Petition Templates for NSCC Rule Change. With Updates!

Set to expose Wall Street's regulatory loopholes, household investors are petitioning the SEC for much needed rule changes. It's time to level out the playing field.

CFTC submits special filing to consider litigation matters

CFTC submits a special filing at 4:15 p.m. for a CLOSED meeting that occurred today at 4:00 p.m. to consider litigation matters.

The Commodity Futures Trading Commission (CFTC) held a closed meeting today at 4:00 p.m. to address litigation matters. A special filing regarding the meeting was submitted at 4:15 p.m. No further details about the litigation matters discussed were provided but it is always curious when they

S&P Global: US bankruptcy filings spiked in August

S&P Global: US bankruptcy filings spiked in August (63) after a July slowdown, leading to the highest total for the first eight months of the year since 2020 and the second-highest since 2010.

US bankruptcy filings surged in August after a slowdown in July, reaching the highest total for the first eight months of the year since 2020, according to data from S&P Global Market Intelligence. A total of 63 public and certain private companies filed for bankruptcy in August, up

SEC announces settled charges against 7 public companies

SEC announces settled charges against 7 public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC.

The Securities and Exchange Commission (SEC) announced today that it has settled charges with seven public companies for using employment, separation, and other agreements that violated SEC rules designed to protect whistleblowers. These agreements impeded employees from reporting potential misconduct to the SEC. As part of the settlement, the companies

NSCC's got a "rule for throwing out rules". So we're going to throw out their rule, for throwing out rules. You in? 😃

NSCC's got a "rule for throwing out rules". So we're going to throw out their rule, for throwing out rules. You in? 😃

NSCC's Rule 22 lets officials change/ignore rules at will and skip actions like closing failing trades (e.g., GME) if it might "disrupt the market". These changes don’t need full public disclosure and can last up to 60 days without extra approval. Awful, right? Send your petition!

The vast majority of community banks (96.7%) reported unrealized losses on securities.

FDIC Second Quarter Quarterly Banking Profile: "The vast majority of community banks (96.7%) reported unrealized losses on securities."

Today the FDIC released second quarter financial results in its latest Quarterly Banking Profile published today. U.S. commercial banks and savings institutions insured by the FDIC reported $71.5 billion in net income for Q2 2024, a $7.3 billion (11.4%) increase from the previous quarter, driven by

Patrick Harker’s tenure will conclude on June 30, 2025

Philadelphia Fed launches search for its next president and CEO, as current president and CEO Patrick Harker’s tenure will conclude on June 30, 2025.

The Federal Reserve Bank of Philadelphia has begun its search for a new president and CEO to succeed Patrick T. Harker, whose tenure will end on June 30, 2025. A committee of eligible Philadelphia Fed board members, in accordance with Federal Reserve policies, will lead the search, chaired by Anthony

Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June.

Multivariate Core Trend (MCT) inflation increased to 2.5% in July from 2.2% in June. The MCT gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index.

Inflation measured by the Multivariate Core Trend (MCT) model increased to 2.5% in July, up from a revised 2.2% in June, signaling growing inflationary pressure. The MCT, which gauges inflation’s persistence across 17 core sectors of the personal consumption expenditures (PCE) price index, indicated that the probability

S&P Global: The delinquency ratio for CRE loans across US banks rose 16 basis points in Q2 to 1.40%

S&P Global Market Intelligence: Commercial real estate loan delinquencies reaccelerate as loan growth slows. The delinquency ratio for CRE loans across US banks rose 16 basis points in Q2 to 1.40%

According to data from S&P Global Market Intelligence, the delinquency rate for commercial real estate (CRE) loans across U.S. banks increased to 1.40% in the second quarter, reflecting ongoing stress in the office sector. CRE borrowers are under pressure from higher interest rates as loans mature,

SEC Charges 6 Credit Rating Agencies with significant recordkeeping failures.

SEC Charges 6 Credit Rating Agencies with significant recordkeeping failures. The Firms admit to wrongdoing and agree to pay penalties totaling more than $49 million to settle SEC charges.

The Securities and Exchange Commission (SEC) announced charges against six nationally recognized statistical rating organizations (NRSROs) for failing to maintain and preserve electronic communications as required by federal securities laws. The firms admitted to the violations, agreed to pay over $49 million in combined civil penalties, and have begun implementing