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SEC Alert! Order Granting Temporary Conditional Exemptive Relief from Certain Requirements of the National Market System Plan Governing the Consolidated Audit Trail.

https://public-inspection.federalregister.gov/2023-11031.pdf Introduction and Background: * In July 2012, the Securities and Exchange Commission (the “Commission” or the “SEC”) adopted Rule 613 of Regulation NMS, which required national securities exchanges and national securities associations (the “Participants”) to jointly develop and submit to the Commission a national market
dismal-jellyfish 📰 News

Janet Yellen: "With an additional week of information now available, I am writing to note that we estimate that it is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress...

Janet Yellen: "With an additional week of information now available, I am writing to note that we estimate that it is highly likely that Treasury will no longer be able to satisfy all of the government’s obligations if Congress has not acted to raise or suspend the debt
dismal-jellyfish 📰 News

Review of complex options trading strategy AGI US marketed and sold to approximately 114 institutional investors in 17 unregistered private funds (“Structured Alpha Funds”) that suffered catastrophic losses.

$349.2 million disgorgement + a civil money penalty in the amount of $675 million. https://www.sec.gov/litigation/admin/2022/34-94927.pdf FactsStructured Alpha: The Structured Alpha Funds provided investors an opportunity to acquire exposure to a variety of debt or equity securities – the “beta” component – coupled with a
dismal-jellyfish 🧱 Market Reform

Inflation Alert! Today, the Fed released the Economic Well-being US Households 2022. People will DIE being priced out of their lives in favor of raising interest rates to fight inflation for a problem the Fed created to begin with.

Inflation isn't just insidious, it kills! Today, the Fed released the Economic Well-being US Households 2022. People will DIE being priced out of their lives in favor of raising interest rates to fight inflation for a problem the Fed created to begin with. Inflation isn't just
dismal-jellyfish 🤔 Speculation / Opinion
Fed's Economic Well-being US Household 2022: "fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected "a lot" by price increases."

Fed's Economic Well-being US Household 2022: "fewer adults reported having money left over after paying their expenses. 54% of adults said that their budgets had been affected "a lot" by price increases."

"51% of adults reported that they reduced their savings in response to higher prices." https://www.federalreserve.gov/publications/files/2022-report-economic-well-being-us-households-202305.pdf The Federal Reserve Board on Monday issued its Economic Well-Being of U.S. Households in 2022 report, which examines the financial lives of U.S. adults
dismal-jellyfish 📊 Data

Inflation Alert! St. Louis Fed’s James Bullard backs two more hikes. Bullard would have central bank push interest rates up to 5.5%-5.75% range

Sources: https://www.marketwatch.com/story/feds-bullard-backs-two-more-hikes-359fb941: St. Louis Fed President James Bullard on Monday said he would like to see two more quarter-percentage-point interest-rate hikes this year. “I think we’re going to have to grind higher with the policy rate in order to put downward pressure on inflation,
dismal-jellyfish 📈 Macroeconomics