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FINRA Alert & OPEN for comment! Proposed Rule Lets Bosses Work from Home & Ditch Annual Office Inspections in new Residential Supervisory Location (“RSL”).

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 Reddit Post

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 Commission’s

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&

CFTC Alert! OPEN for comment: CFTC is seeking to continue collection of Swap Dealers and Swap participants, Swap Data Recordkeeping and Reporting Requirements, Swap Dealer and Major Swap Participant Conflicts of Interest and Business Conduct Standards

Good afternoon Superstonk! The Commodities Futures Trading Commission has 3 notices surrounding Swaps that can be commented on, let's dig in! OMB Control No. 3038-0072 applies to the Registration Forms for registration of swap dealers and major swap participants: https://public-inspection.federalregister.gov/2023-14251.pdf How to comment:

FDIC/Fed/Comptroller of Currency Alert! Final Policy Statement on Prudent Commercial Real Estate Loan Accommodations and Workouts.

"The agencies have found that prudent CRE loan accommodations and workouts are often in the best interest of the financial institution and the borrower." Good afternoon friends! There is a ALOT in this review so I have tried to create 'Wut mean' sections along the way.