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๐Ÿงฑ Market Reform

"I want to address the critique that the SEC should play no part in the negotiations between sophisticated investors. To me these arguments ring hollow."

"I want to address the critique that the SEC should play no part in the negotiations between sophisticated investors. To me these arguments ring hollow."

"Relying on the partiesโ€™ sophistication alone, in the absence of regulation, will continue to leave investors exposed to unfair/harmful practices" Commissioner Caroline A. Crenshaw with fervent support for today's rule. Source: https://www.sec.gov/news/statement/crenshaw-statement-private-fund-advisers-082323 The Landscape Investor Base: As one legal
dismal-jellyfish ๐Ÿ“ฐ News
SEC Alert! SEC Enhances the Regulation of Private Fund Advisers. "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors."

SEC Alert! SEC Enhances the Regulation of Private Fund Advisers. "The final rules will restrict certain other private fund adviser activity that is contrary to the public interest and the protection of investors."

https://www.sec.gov/files/ia-6383-fact-sheet.pdf Press Release: The Securities and Exchange Commission today adopted new rules and rule amendments to enhance the regulation of private fund advisers and update the existing compliance rule that applies to all investment advisers. The new rules and amendments are designed to protect
dismal-jellyfish ๐Ÿ“ฐ News
SEC Adopts Amendments to Exemption that will enhance FINRA oversight. Gary Gensler stated "monthly trading volume valued in the hundreds of billions of dollars" has led to a "regulatory gap" these amendments aim to close this gap.

SEC Adopts Amendments to Exemption that will enhance FINRA oversight. Gary Gensler stated "monthly trading volume valued in the hundreds of billions of dollars" has led to a "regulatory gap" these amendments aim to close this gap.

Press Release: The Securities and Exchange Commission today adopted rule amendments that narrow the exemption from Section 15(b)(8) of the Securities Exchange Act of 1934, which requires any broker or dealer registered with the Commission to become a member of a national securities association unless the broker or
dismal-jellyfish ๐Ÿงฑ Market Reform

FICC is proposing a rule to collect MORE margin via a Portfolio Differential Charge that would be calculated twice a day. FICC's impact study shows that even with the PD Charge, 30 Members would still be un-margined during periods.

This charge needs to be MORE! Wut mean?: * FICC is introducing a new component, the PD Charge, to improve how it calculates the necessary deposit for the GSD Clearing Fund. * This change aims to reduce risks from the variations in a Memberโ€™s Margin Portfolio(s) that can happen between
dismal-jellyfish ๐Ÿงฑ Market Reform
SEC to hold an OPEN Meeting Wednesday, August 23, 2023 at 10:00 a.m. They appear to be considering eliminating conditions under which broker-dealers can bypass the requirement to join a national security association

SEC to hold an OPEN Meeting Wednesday, August 23, 2023 at 10:00 a.m. They appear to be considering eliminating conditions under which broker-dealers can bypass the requirement to join a national security association

Wut mean?: * SEC is thinking about reducing or eliminating certain conditions under which broker-dealers can bypass the requirement to join a national securities association (like FINRA) if they make securities trades outside of the specific exchanges where they are registered members. They are also going to consider introducing new regulations
dismal-jellyfish ๐Ÿงฑ Market Reform