SEC Alert! Special filing with Federal Register: SEC submits notice for the 21st CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, May 18, 2023.
Resolution of litigation claims and Other matters relating to examinations and enforcement proceedings to be considered.
https://public-inspection.federalregister.gov/2023-10386.pdf
CLOSED door meetings 2023:
| Meeting Number | Date |
|---|---|
| 21 | 5/18 |
| 20 | 5/11 |
| 19 | 5/4 |
| 18 | 4/27 |
| 17 | 4/20 |
| 16 | 4/13 |
| 15 | 4/6 |
| 14 | 3/30 |
| 13 | 3/23 |
| 12 | 3/16 |
| 11 | 3/9 |
| 10 | 3/2 |
| 9 | 2/23 |
| 8 | 2/16 |
| 7 | 2/9 |
| 6 | 2/2 |
| 5 | 1/26 |
| 4 | 1/19 |
| 3 | 1/12 |
| 2 | 1/9 |
| 1 | 1/5 |
Seems to be a weekly occurrence every week since the year began. What has them so occupied?
The Federal Register Advanced Search shows 78 instances of 'Sunshine' in 2022 for the SEC. This includes CLOSED and Open meetings.
Fore reference, there have been 31 total 'Sunshine' references so far this year (21 CLOSED vs 10 open).
Working the Advanced Search a little harder, I am able to pull the 'Closed' Meetings, as well as the 'Closed' and 'Enforcement' meetings since 2007.
Meetings 2007-2023:
| Year | Number of Sunshine meetings (Open & Closed) | Closed Meetings | % Closed | 'Enforcement' | % Closed & Enforcement |
|---|---|---|---|---|---|
| 2023 | 31 (so far) | 21 (so far) | 68% | 21 | 68% |
| 2022 | 78 | 55 | 70% | 47 | 60% |
| 2021 | 90 | 72 | 80% | 50 | 56% |
| 2020 | 127 | 73 | 57% | 50 | 39% |
| 2019 | 73 | 39 | 53% | 35 | 48% |
| 2018 | 161 | 52 | 32% | 43 | 48% |
| 2017 | 60 | 43 | 72% | 38 | 63% |
| 2016 | 88 | 51 | 58% | 44 | 50% |
| 2015 | 78 | 52 | 67% | 46 | 59% |
| 2014 | 69 | 51 | 74% | 46 | 67% |
| 2013 | 80 | 58 | 73% | 46 | 58% |
| 2012 | 93 | 79 | 85% | 50 | 54% |
| 2011 | 96 | 59 | 61% | 49 | 51% |
| 2010 | 90 | 61 | 68% | 48 | 53% |
| 2009 | 85 | 62 | 61% | 47 | 55% |
| 2008 | 82 | 56 | 68% | 41 | 50% |
| 2007 | 55 | 48 | 87% | 40 | 73% |
Hypothesis:
https://www.reddit.com/r/Superstonk/comments/12eba61/treasury_alert_janet_yellens_remarks_ring_al
https://www.reddit.com/r/Superstonk/comments/1275t3f/sec_alert_commissioner_caroline_a_crenshaw_the/
https://www.reddit.com/r/Superstonk/comments/13dzq6o/sec_chair_gary_gensler_many_hedge_funds_are/
https://www.reddit.com/r/Superstonk/comments/11rxphg/sec_alert_statement_by_chair_gary_gensler_history/
https://www.reddit.com/r/Superstonk/comments/11pu2f6/sec_alert_statement_by_sec_chair_gary_gensler_on/
Oh yeah, and there is this:
https://www.wsj.com/livecoverage/stock-market-today-dow-jones-05-01-2023/card/virtu-stock-falls-after-disclosure-of-potential-sec-enforcement-action-w8oxzdAvCUYsPpvvpSDn
And this the other day:
https://www.reddit.com/r/Superstonk/comments/137wo5s/sec_alert_sec_chair_gary_gensler_statement_on/
Previous Superstonk posts on this matter:
- https://www.reddit.com/r/Superstonk/comments/1380by4/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/1358mbk/covered_first_on_superstonk_the_secs_19th_closed/
- https://www.reddit.com/r/Superstonk/comments/1315hxz/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/12te79a/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/12mptv0/since_2007_the_sec_has_filed_1430_meetings_via/
- https://www.reddit.com/r/Superstonk/comments/12l51ll/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/12etlii/reading_between_the_lines_of_what_they_are_saying/
- https://www.reddit.com/r/Superstonk/comments/12eqt60/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/126y4gw/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/11zw0jo/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/11t0j6c/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/11pu2f6/sec_alert_statement_by_sec_chair_gary_gensler_on/
- https://www.reddit.com/r/Superstonk/comments/11nvdb9/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/11gl0in/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/11a4wpc/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/1141qne/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/10xzxmh/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/10s89ba/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/10m321u/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/10h4nk2/sec_alert_special_filing_with_federal_register/
- https://www.reddit.com/r/Superstonk/comments/1050j4l/sec_alert_special_filing_with_federal_register/
TLDRS:
- Since 2007, the SEC has filed 1,436 meetings via the Sunshine Act. 932 meetings (65%) have been CLOSED to the public.
- 741 (52%) meetings were CLOSED to the public & considered ENFORCEMENT matters.
- Since 2021, 118 (8%) meetings CLOSED to the public & considered ENFORCEMENT matters.
- CLOSED door ENFORCEMENT meetings are a weekly occurrence every week since the start of the year.
- What has them so occupied behind CLOSED doors with enforcement proceedings?
- Reading between the lines of what they are saying and comparing it to their actions (21 CLOSED door ENFORCEMENT meetings so far this year), is the SEC preparing to take action behind closed doors?
- Is it Virtu?
