Federal Reserve Alert! Delivery Delay for FedPayments Reporter Reports July 06, 2023 11:27 AM Eastern Time. Affected Areas: FedACH
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FINRA's 'Discipline' and Evercore's Unchecked Trades: Risky Rules & Soft Blocks Threaten Market Stability & GME!
https://www.finra.org/sites/default/files/fda_documents/2017056128501%20Evercore%20Group%2C%20L.L.C.%20CRD%2042405%20AWC%20gg.pdf
Good morning Superstonk! I would like to share some more FINRA 'discipline' with y'all. As these releases convey a ton of information I am going
FINRA Alert & OPEN for comment! Proposed Rule Lets Bosses Work from Home & Ditch Annual Office Inspections in new Residential Supervisory Location (โRSLโ).
FINRA proposes bosses treat home offices like the office but without all of the pesky supervision activities that come with the office!
Source: https://www.sec.gov/rules/sro/finra/2023/34-97839.pdf
Background:
* Currently under FINRA rules, a private residence at which certain supervisory functions occur would need to
Risk management Alert? Credit Suisse AG and Credit Suisse Securities (USA) LLC intend to close Clearing and EPN accounts effective 7/26/23. Could Credit Suisse believe these accounts pose too much financial or operational risk?
Sources:
https://www.dtcc.com/-/media/Files/pdf/2023/7/5/MBS1241-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/5/MBS1240-23.pdf
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FINRA Alert! Without admitting or denying the findings, from January 2019 through February 2021, Public Investing did not conduct reasonable reviews of the execution quality of its customers' orders or disclose receipt of Payment for Order Flow (PFOF).
FINRA "Punishment"? Censure and $500,000 fine.
Source: https://www.finra.org/sites/default/files/fda_documents/2020065340901%20Open%20to%20the%20Public%20Investing%2C%20Inc.%20CRD%20127818%20AWC%20lp.pdf
FINRA's Best Execution Rule:
Broker-dealers have a longstanding and fundamental obligation to seek "best execution&
Commodity Futures Trading Commission (CFTC) Alert! CFTC submits special filing via the Sunshine Act for a CLOSED door virtual meeting at 9:00 a.m. EDT, Friday, July 14, 2023 to consider ENFORCEMENT matters.
Source: https://public-inspection.federalregister.gov/2023-14508.pdf
MATTERS TO BE CONSIDERED: Enforcement matters. In the event that the time, date, or location of this meeting changes, an announcement of the change, along with the new time, date, and/or place of the meeting will be posted on the Commissionโs
Federal Reserve Alert! Minutes of the Federal Open Market Committee, June 13-14, 2023. The staff continue to project a mild recession to start later this year due to the expected further tightening of bank credit conditions amid already tight financial
Good afternoon Superstonk, let's dig into the minutes of the Federal Open Market Committee, June 13-14, 2023. This is a huge post so it will run into the comments but I am including a tldr to go with each section. The post itself has the main 'TLDRS&