Dismal's Smacks

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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.

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,

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

BGC's Lack of Oversight: A Gateway to Potential Naked Shorting? FINRA's Penalty? While not admitting or denying the findings, a censure, and a $50,000 fine...

https://www.finra.org/sites/default/files/fda_documents/2018060678201%20BGC%20Financial%20L.P.%20CRD%2019801%20AWC%20lp.pdf Good evening Superstonk! I would like to share some more FINRA 'discipline' with y'all. As these releases convey a ton of information I am going to try

CFTC Alert! Updated Agenda for 6/7 OPEN Meeting. Final Rule: Governance Requirements for Derivatives Clearing Organizations (DCO), Proposed: DCO Recovery & Orderly Wind-down Plans, Amendments to Part 17 Large Trader Reporting Requirements

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.