Dismal's Smacks

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Is ICE Clear Europe preparing for DRS and MOASS!?? Proposed rule (OPEN for comment!) "to address the treatment of certain losses that do not result from Clearing Member default, including certain investment losses & custodial losses."

https://public-inspection.federalregister.gov/2023-14814.pdf https://public-inspection.federalregister.gov/2023-14814.pdf Wut mean? The rule change is about how certain non-default losses, such as investment losses and custodial losses, are treated. ICE Clear Europe first proposed this rule change on April 21, 2023, and then made amendments to it

Commodity Futures Trading Commission (CFTC) Alert! CFTC Staff Extends Temporary No-Action Letter Regarding Certain Financial Reporting Requirements for Bank Swap Dealers.

https://www.cftc.gov/csl/23-11/download Wut mean? The Market Participants Division (MPD) of the U.S. Commodity Futures Trading Commission (CFTC) is extending the temporary no-action position established in CFTC Staff Letter 21-18. This pertains to the financial reporting requirements for eligible swap dealers (SDs). The no-action position

FICC-GOV,FICC-MBS,DTC,NSCC Alert! New Minimum Capital Requirements: the increased capital requirements take effect on August 26, 2023

https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/

SEC Alert! SEC Charges Merrill Lynch and Parent Company for Failing to File Suspicious Activity Reports. From January 2009 to November 2019, Merrill failed to file hundreds of SARs on no-suspect criminal activity involving Merrill customers.

https://www.sec.gov/litigation/admin/2023/34-97872.pdf Wut mean? * Between January 2009 and November 2019, Merrill didn't file certain Suspicious Activity Reports (SARs) as required by law. These reports are important because they help detect potential illegal activities, like money laundering or fraud, within financial transactions.

FINRA 'Discipline' Alert! Nomura's Misclassification of Reverse Repos Leads to Overstatement of Net Capital by Up to $1.95 Billion. 21 Inaccurate FOCUS Reports Filed. Penalty? Without admitting or denying anything, a censure and $125,000 fine.

Nomura was defaulting January 2021 b/c of GameStop Source: https://www.finra.org/sites/default/files/fda_documents/2021071932301%20Nomura%20Securities%20International%2C%20Inc.%20CRD%204297%20AWC%20lp%20%282023-1676247599239%29.pdf Good evening Superstonk, neighborhood jellyfish back with you one more time before I hit my post limit

FINRA 'Discipline' Alert! Instinet, Owned by Nomura (Lehman Bros' 2008 Purchaser), Caught Breaking Rules, Lacking Supervision, Misclassifying Orders, and Straight Up Misreporting Trades from 2015-2019. Same Time GameStop Boxed, Cohencidence?

Penalty? Censure, $165,000 fine without admitting wrong. Source: https://www.finra.org/sites/default/files/fda_documents/2018057165801%20Instinet%2C%20LLC%20CRD%207897%20AWC%20va%20%282023-1673223595507%29.pdf Good evening Superstonk, neighborhood jellyfish bact with you again! I would like to share some more FINRA 'discipline'

FINRA 'Discipline' Alert! Barclays Overstates Trading Volume in Thousands of Instances, Inflating Its Reported Data to Bloomberg by Approximately 147 Million Shares! Bloomberg Published It. Penalty? A Censure and a $175,000 Fine

Source: https://www.finra.org/sites/default/files/fda_documents/2019061298301%20Barclays%20Capital%20Inc.%20%20CRD%2019714%20AWC%20gg%20%282022-1671668413165%29.pdf Good evening Superstonk, I hope everyone's week is off to an awesome start! I would like to share some more FINRA 'discipline' with