SEC Alert! Is anyone surprised Hester Peirce has this to say about yesterday's proposed rules for Swap Execution Facilities? "I would not have written the same set of rules were I writing them from scratch."

From the pdf:

Comments should be received on or before [INSERT DATE 30 DAYS AFTER

DATE OF PUBLICATION IN FEDERAL REGISTER OR JUNE 6, 2022 (WHICH IS 60

DAYS AFTER ISSUANCE), WHICHEVER IS LATER].

ADDRESSES: Comments may be submitted by any of the following methods:

Electronic comments:

• Use the Commission’s internet comment form

(http://www.sec.gov/rules/submitcomments.htm); or

• Send an email to [email protected]. Please include File No. S7-14-22 on the

subject line. Please take all appropriate measures to not dox yourself as comments will be published.

Paper comments:

• Send paper comments to Secretary, Securities and Exchange Commission, 100 F Street

NE, Washington, DC 20549-1090.

All submissions should refer to File Number S7-14-22. This file number should be included on the subject line if email is used.

To help the Commission process and review your comments more efficiently, please use only one method of submission.

Reddit Post

Korea's Act on the Protection of Virtual Asset Users to Take Effect from 7/19: "those who are found to have engaged in unfair trading activities may be subject to criminal punishment or penalty surcharge."

Korea's new Act on the Protection of Virtual Asset Users comes into force on July 19, 2024, marking a significant step in safeguarding users and regulating virtual asset service providers (VASPs). This follows a revision in March 2021, which required VASPs to register with financial authorities and introduced

Credit Suisse engaged in naked short sales

Korea's SFC Imposes Penalty Surcharges on Global Investment Banks for Violating Short Sale Regulations. Credit Suisse engaged in naked short sales in the amount of about KRW60.33 billion (162,365 shares on 20 stock items).

The Securities and Futures Commission, a sub-commission within the Financial Services Commission responsible for overseeing the securities and futures markets, held the thirteenth regular meeting on July 3 and decided to impose penalty surcharges amounting to KRW27.173 billion in total on two former Credit Suisse affiliated investment banks for

CFTC Awards Over $8 Million to Whistleblower who "helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects of trades."

The Commodity Futures Trading Commission today announced it awarded over $8 million toa whistleblower who provided significant information and assistance that led the CFTC and other agencies to bring multiple enforcement actions. The whistleblower helped the CFTC establish that one or more derivatives market participants deceived clients about key aspects