Dismal's Smacks

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FIC-MBS Alert! MBSD Pair-Off available in PSE. Given the complexity of To-Be-Announced (TBA) trading and the potential for misuse, there are several potential areas where unscrupulous actors could take advantage of such systems. Details inside.

https://www.dtcc.com/-/media/Files/pdf/2023/6/14/MBS1233-23.pdf What is happening? "EPN Pair-Off" service is a newly introduced feature by the Fixed Income Clearing Corporation (FICC), specifically their Mortgage-Backed Securities Division (MBSD). This service seems to aim at streamlining the process of pairing

CFTC Alert! EXTENSION OF COMMENT PERIOD through 6/30/23 on Proposed Rules for Derivatives Clearing Organization Risk Management Regulations to Account for the Treatment of Separate Accounts by Futures Commission Merchants.

AKA codifying 'No meeting margin calls with another customer's position'... https://public-inspection.federalregister.gov/2023-12832.pdf On April 14, 2023, the Commission published in the Federal Register an NPRM proposing to amend the CFTC’s derivatives clearing organization (DCO) risk management regulations adopted under section 5b

Inflation Alert! The purchasing power of the dollar continues to VANISH! In May, the purchasing power of $100 in January 2000 is now $55.60 (down $.10 from April).

Remember, CPI tracks the loss of the purchasing power of your dollars, and thereby the purchasing power of your hard earned labor. Source: https://fred.stlouisfed.org/series/CUUR0000SA0R Let's zoom in on this since 2020: Down it goes :( CPI tracks the loss of the purchasing power of

SEC Alert! The SEC's 24th CLOSED door meeting this year via the Sunshine Act set for Thursday June 15th to consider enforcement proceedings now twice rescheduled & moved up in in the day--was 2 p.m., then 10 a.m., now 9:15 a.m.

https://public-inspection.federalregister.gov/2023-12638.pdf https://public-inspection.federalregister.gov/2023-12822.pdf https://public-inspection.federalregister.gov/2023-12996.pdf Hypothesis: Reading between the lines of what they are saying and comparing it to their actions (24 CLOSED door ENFORCEMENT meetings so far this year), is the SEC preparing to take action

SEC Alert! SEC will hold a public meeting on Thursday, June 22, 2023 at 10:00 a.m. (ET) & will be OPEN to the public to attend/ask questions. Proposed Rule 10B-1 would require anyone owing a security-based swap position that exceeds threshold determined

https://public-inspection.federalregister.gov/2023-12890.pdf MATTERS TO BE CONSIDERED The agenda for the meeting includes: * welcome and introductory remarks; opening remarks; * approval of previous meeting minutes; * a panel discussion regarding private funds/markets and outbound investments in countries of concern; * a panel discussion regarding ensuring digital engagement practices responsibly

Inflation Alert! ‘Greedflation’ is replacing 'inflation' as companies raise prices for bigger profits, 'companies appear determined to raise prices even more, despite a decline in shipping and gas costs.'

https://www.marketwatch.com/story/greedflation-is-replacing-inflation-as-companies-raise-prices-for-bigger-profits-report-finds-bfb51060 They’re calling it “greedflation.” That’s the practice by many S&P 500 food and consumer companies of raising prices to protect what a new report calls their “cushioned corporate profits,” and it has enabled them to boost margins through the current

SEC Alert! Today, the Office of Information and Regulatory Affairs released the Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions, which includes contributions related to the SEC and short- and long-term regulatory actions that SEC plans

* Proposed Rule Stage Amendments to Requirements for Filer Validation and Access to the EDGAR Filing System 3235-AM58 * Proposed Rule Stage Incentive-Based Compensation Arrangements 3235-AL06 * Proposed Rule Stage Corporate Board Diversity 3235-AL91 * Proposed Rule Stage Disclosure of Payments by Resource Extraction Issuers 3235-AM06 * Proposed Rule Stage Rule 144 Holding Period 3235-AM78