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FINRA 'Discipline' Alert! Unraveling How Scotia Capital (USA) Over-reported Short Interest Positions by 130 Million Shares from July 2017 thru June 2019. Their Penalty? They received a censure and a $300,000 fine, without having to admit or deny findings

https://www.finra.org/sites/default/files/fda_documents/2019061945201%20Scotia%20Capital%20%28USA%29%20Inc.%20CRD%20No.%202739%20AWC%20gg%20%282022-1668212412998%29.pdf Good Sunday afternoon Superstonk, I hope everyone is enjoying a wonderful weekend! I would like to share some more FINRA 'discipline' with y&
dismal-jellyfish ๐Ÿ“š Due Diligence

The Debt Time Bomb is Ticking: Rising Delinquencies, Soaring Bankruptcies, and the Looming Detonation of Student Loans

Source: https://abi.org/newsroom/press-releases/commercial-chapter-11-filings-increased-68-percent-in-the-first-half-of-2023 The 2,973 total commercial chapter 11 bankruptcies filed during the first six months of 2023 represented a 68 percent increase over the 1,766 filed during the same period in 2022, according to data provided by Epiq Bankruptcy, the leading provider of
dismal-jellyfish ๐Ÿ“š Due Diligence

A review of UBS's FINRA 'discipline': UBS found to have inadequate short selling supervision & system flaws exploited--fueling potential naked shorting and abuse in GameStop.

Penalty? Not having to admit or deny the findings, a censure, and $2.5 million fine https://www.finra.org/sites/default/files/fda_documents/2016050211701%20UBS%20Securities%20LLC%20CRD%207654%20AWC%20Final%20geg%20%282022-1667434816509%29.pdf Hello Superstonk, I hope everyone is enjoying a great start to the
dismal-jellyfish ๐Ÿ“š Due Diligence

CFTC Approves Trading of Certain Overnight Index Swaps: A New Layer of Transparency? and Its Potential Ripple Effects on GME

Source: https://www.cftc.gov/PressRoom/PressReleases/8745-23 Wut mean? * The Commodity Futures Trading Commission (CFTC) has approved a made-available-to-trade (MAT) determination submitted by TW SEF LLC for certain U.S. Dollar (USD) Secured Overnight Financing Rate (SOFR) overnight index swaps (OIS) and Pound Sterling (GBP) Sterling Overnight Index Average
dismal-jellyfish ๐Ÿ“ฐ News

Holy cow, FINRA ACTUALLY expelled a member!! Monmouth Capital Management LLC. Monmouth excessively traded 110 accounts: "Over a 20-month period, Monmouth effected 61 trades in the 13-year oldโ€™s account

https://www.finra.org/sites/default/files/fda_documents/2022076459303%20Monmouth%20Capital%20Management%20LLC%20CRD%20290248%20AWC%20vr.pdf Good evening Superstonk and Happy weekend!! I would like to share some more FINRA 'discipline' with y'all--this one is 'real'. As these releases convey a
dismal-jellyfish ๐Ÿ“ฐ News

SEC Commissioner Mark T. Uyeda is "disappointed that the SEC staff has decided not to extend the MiFID II Relief".

MiFID II Relief, allowed broker-dealers to receive separate payments for research without being subjected to regulation as investment advisers. This relief expired on July 3, 2023. Source: https://www.sec.gov/news/statement/uyeda-statement-staff-no-action-letter-07-05-2023 https://www.sec.gov/news/statement/uyeda-statement-staff-no-action-letter-07-05-2023 Wut Mean? Mark is big mad regarding the expiration
dismal-jellyfish ๐Ÿงฑ Market Reform