Sign in Subscribe

Latest

SEC Alert! SEC Adopts Rules to Prevent Fraud in Connection with Security-Based Swaps Transactions and Prevent Undue Influence over Chief Compliance Officers.

Final Rule (136 pages): https://www.sec.gov/rules/final/2023/34-97656.pdf Overview of Security-Based Swaps Security-Based Swaps Generally: * Although the definition of security-based swap is detailed and comprehensive, at its most basic level, a security-based swap is an agreement, contract, or transaction in which two parties agree to
dismal-jellyfish ๐Ÿงฑ Market Reform

Computershare's letter on shortening the securities transaction settlement cycle: "we are concerned with the risk that broker-dealer practices and processes may restrict efficient access to the market for retail investors"

ComputerShare's letter on shortening the securities transaction settlement cycle: "we are concerned with the risk that broker-dealer practices and processes may restrict efficient access to the market for retail investors who exercise their right to be directly registered with the issuer" https://content-assets.computershare.com/eh96rkuu9740/
dismal-jellyfish ๐Ÿงฑ Market Reform

SEC & CFTC Reminder: TODAY SEC & CFTC to OPENLY consider, amongst other items, whether to adopt rules that are designed to prevent fraud, manipulation, deception in connection with transactions in security-based swaps

Good morning and HAPPY EARNINGS day Superstonk! Today is also a BIG day on the regulatory front and I wanted to reshare the details for today's OPEN meetings of SEC and CFTC in one place so folks can readily get at it--in case they would like to attend.
dismal-jellyfish ๐Ÿงฑ Market Reform

SEC Alert! Whistleblower Left Hanging: SEC Comissoners Hester Peirce & Mark Uyeda skirt duty, cite SEC overload of Rules Review. I am glad supporting whistleblowers is only something we can do when we are not busy... /s

https://www.sec.gov/news/statement/peirce-uyeda-murray-v-ubs-20230706 Wut Mean? The Supreme Court is about to play ball with a case called Murray v. UBS Securities. This is about a guy (Murray) who blew the whistle on some sketchy stuff happening at UBS Securities, and then was shown the door. Now,
dismal-jellyfish ๐Ÿ“ฐ News

SEC Alert! SEC filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of Binance.US remain in the United States through the resolution

Source: https://www.sec.gov/files/litigation/complaints/2023/brief-pr2023-103.pdf Press Release: The Securities and Exchange Commission today filed an emergency action application seeking a temporary restraining order freezing assets, directing defendants to repatriate assets held for the benefit of customers of the Binance.US crypto trading platform, and
dismal-jellyfish ๐Ÿ“ฐ News