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Weekend deep dive--revisiting Talis Putnis' 2009 article Naked Short Sales and Fails to Deliver An Overview of Clearing and Settlement Procedures for Stock Trades in the US

"The US clearing and settlement system does not provide any significant disincentives for naked short selling." Happy weekend Superstonk! I hope everyone is able to enjoy the long weekend with loved ones and remembering those who make it possible for us to be doing so. However, if you have some

Office of Financial Research Alert! Digital Currency May Increase Household Welfare, Lower Volatility but Pose Risks to Banks.

Source: https://www.financialresearch.gov/the-ofr-blog/2023/03/22/digital-currency-may-increase-uousehold-welfare/ According to a recent working paper published by the Office of Financial Research, banking-sector stability may suffer, yet household welfare may improve should a digital currency be fully integrated into the financial system. In Digital Currency and Banking-Sector Stability, the

Office of Financial Research (OFR) Alert! Risk Spotlight: OFR Identifies Three Ways DeFi Growth Could Threaten Financial Stability.

IMHO, mostly FUD: Digital assets could spill into traditional finance, lead to losses for traditional finance institutions, and disrupt payments. Source: https://www.financialresearch.gov/the-ofr-blog/2023/02/07/ofr-identifies-three-ways-defi-growth-could-threaten-financial-stability Risk Spotlight: OFR Identifies Three Ways DeFi Growth Could Threaten Financial Stability BY Kevin Zhao Published: February 7, 2023 Views

Over 9k support for EU Petition so far, not far off 10K - the EU Regulation committee discusses this on Monday morning. Let's show them we're serious about regulation and reform in our financial markets! Details inside

Inflation Alert! From the Transportation Statistics Annual Report 2022: Container freight rates have dropped from their peak but are still up 211% from pre-pandemic levels, CPI for Overall Transportation increasing (again), extreme weather impacts & more

The Bureau of Transportation Statistics (BTS) today released the 28th edition of the Transportation Statistical Annual Report (TSAR). The report is a collection of key transportation indicators along with an overview of the transportation system, to display ongoing technological change, shifting national priorities, and cultural, demographic, and economic challenges that

Cost of doing business? Wells Fargo penalties: $3.7 billion in 2022 for consumer abuses, $3 billion in 2020 for fraud, $2 billion in 2018 for toxic securities abuses, $1.9 billion in 2013 for banking violations, $5.3 billion in 2012 for mortgage abuses.

Source: https://violationtracker.goodjobsfirst.org/?parent=wells-fargo&order=penalty&sort=desc

FINRA Alert! FINRA has published Short Interest FAQ on the FINRA website regarding members’ short interest reporting obligations pursuant to FINRA Rule 4650 (Short-Interest Reporting).

Source: https://www.finra.org/filing-reporting/regulatory-filing-systems/short-interest/faq Frequently Asked Questions (FAQ) about Short Interest Reporting The guidance provided in these FAQs pertains to the reporting to FINRA of “short” positions pursuant to FINRA Rule 4560 (Short-Interest Reporting) in OTC Equity securities, as defined in Rule 6420, and securities