Dismal's Smacks

🌙 ☀️

Sign in Subscribe

Latest

SEC Alert! The SEC will hold an OPEN Meeting on Wednesday, June 7, 2023 at 10:00 a.m. to consider whether to approve a proposed amendment to the CAT NMS Plan to implement a revised funding model for the consolidated audit trail (CAT) & to establish a fee

The lady doth protest too much, methinks.

SEC Charges Coinbase for Operating as an Unregistered Securities Exchange, Broker, and Clearing Agency. Coinbase also charged for the unregistered offer and sale of securities in connection with its staking-as-a-service program.

https://www.sec.gov/litigation/complaints/2023/comp-pr2023-102.pdf Press Release: The Securities and Exchange Commission today charged Coinbase, Inc. with operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency. The SEC also charged Coinbase for failing to register the offer and sale

Would you like to know the net aggregate amount of any Payment For Order Flow received, profit-sharing relationship, transaction fees paid, & transaction rebates received for OTC securities?

FINRA delayed implementing a proposed rule from 12/6/2022 for this data until at least 8/3/23. How to comment * The proposed rule change was published for notice and comment in the Federal Register on December 6, 2022.7 June 4, 2023 is 180 days from that date,

CFTC Alert! CFTC approves Cboe Clear Digital, LLC to Clear Margined Digital Asset Futures. Order permits Cboe to provide clearing services for digital asset futures on a margined basis for futures commission merchants

Source: https://www.cftc.gov/media/8686/Cboe%20Clear%20Digital%20LLC-Amended%20Order%20of%20DCO%20Registration%206-5-2023/download This is on the Agenda for Wednesday's OPEN meeting, I guess they are just doing it? Statement of CFTC Commissioner Christy Goldsmith Romero Regarding Cboe Clear Digital, LLC’s Expanded Clearing

Federal Reserve Alert! Today a CLOSED meeting of the Board of Governors of the Federal Reserve held as it was determined that the public interest did not require opening the meeting.

Matter Considered: Review & determination of the advance and discount rates to be charged by the liquidity fairy. https://www.federalreserve.gov/aboutthefed/boardmeetings/20230605closed.htm Background on discount rates and what they could be talking about: Deposits at commercial banks has stabilized slightly, maybe? https://fred.stlouisfed.org/series/

CFTC Director of Enforcement Ian McGinley on Phantom Cattle Scheme: “There’s a saying about people who pretend to be something they’re not: they’re ‘all hat and no cattle.’"

“Easterday cheated his best customer by lying about non-existent cattle, lied to an exchange, and broke exchange rules." Link to order: https://www.cftc.gov/media/8681/enfcodyeasterday060523/download A consent order was entered against Easterday Ranches on December 17, 2021. [See CFTC Press Release Nos. 8425-21, 8471-21] Highlights: