Dismal's Smacks

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Confirming the Trust me bro™ from earlier: Chase Bank’s systems are indeed confirmed DOWN!

Trust me bro™ from earlier: https://www.reddit.com/r/Superstonk/comments/159o975/chase_banks_systems_are_down_trust_me_bro/ Source:https://www.marketwatch.com/story/chase-bank-outage-leads-to-interruptions-for-zelle-payment-network-e95b2739 An unexplained outage at Chase Bank led to interruptions for users of the Zelle payment network, who took to social media to

Is ICE Clear Europe preparing for DRS and MOASS!?? Proposed rule (OPEN for comment!) "to address the treatment of certain losses that do not result from Clearing Member default, including certain investment losses & custodial losses."

https://public-inspection.federalregister.gov/2023-14814.pdf https://public-inspection.federalregister.gov/2023-14814.pdf Wut mean? The rule change is about how certain non-default losses, such as investment losses and custodial losses, are treated. ICE Clear Europe first proposed this rule change on April 21, 2023, and then made amendments to it

Risk management Alert? Credit Suisse AG and Credit Suisse Securities (USA) LLC intend to close Clearing and EPN accounts effective 7/26/23. Could Credit Suisse believe these accounts pose too much financial or operational risk?

Sources: https://www.dtcc.com/-/media/Files/pdf/2023/7/5/MBS1241-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/5/MBS1240-23.pdf Reddit Post

Interesting, DTC is 9 days out from migrating to a modernized Clearing Fund Management (CFM) application and some members have yet to confirm a migration date even though this is an ongoing membership requirement under DTC rules.

I wonder why some folks would slow walk modernized clearing?!?... /s Reddit Post

SEC Alert! The SEC's 24th CLOSED door meeting this year via the Sunshine Act set for Thursday June 15th to consider enforcement proceedings now twice rescheduled & moved up in in the day--was 2 p.m., then 10 a.m., now 9:15 a.m.

https://public-inspection.federalregister.gov/2023-12638.pdf https://public-inspection.federalregister.gov/2023-12822.pdf https://public-inspection.federalregister.gov/2023-12996.pdf Hypothesis: Reading between the lines of what they are saying and comparing it to their actions (24 CLOSED door ENFORCEMENT meetings so far this year), is the SEC preparing to take action

6/7/2023: Gamestop states SEC investigation appears to be finished, per 1st Quarter 10-Q. 6/12/2023: SEC Charges Investment Adviser and Principal in Abusive Naked Short Selling Scheme. So I guess you can say things are getting pretty serious?

Corporate Media: Apple’s Revenue Could Get a Big Boost From AR/VR. One analyst concluded AR/VR could become the next major computing platform for Apple, with revenue topping $20 billion a year by 2030 and perhaps reaching as high as $70 billion. I wonder

Source: https://www.marketwatch.com/articles/apple-vr-ar-headset-wwdc-revenue-boost-fdf1a6e0 Apple’s Worldwide Developers Conference kicks off Monday, and expectations are high that the focus of the company’s keynote will be a widely anticipated and speculated about AR/VR headset. Near-term sales expectations for the device—which Apple (ticker: AAPL) has said