Dismal's Smacks

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🧱 Market Reform

Commissioner Hester M. Peirce on proposed share repurchase disclosure modernization: "Despite this commendable and much needed change, I cannot support a rule that mandates immaterial disclosures without sensible exemptions. Accordingly, I dissent."

https://www.sec.gov/news/statement/peirce-statement-share-repurchase-disclosure-modernization-050323 While you are here, can you guess what Hester Peirce is ALSO against????? She CANNOT support requiring large hedge fund advisers to file a current report as soon as practicable, but no later than 72 hours from the occurrence of one or more

OPEN for comment, collection for Rule 611. Without this collection of information, respondents would not have a means to enforce compliance with SEC’s intention to prevent internalizers trade-throughs

trade-throughs is execution of a transaction in its market at a price that is inferior to a bid in another market. Source: https://public-inspection.federalregister.gov/2023-09201.pdf Wut Mean? * The SEC adopted Rule 611 of Regulation NMS under the Exchange Act to require any national securities exchange, national securities

SEC Alert! SEC Reopening of Comment Period for Modernization of Beneficial Ownership Reporting. The Proposed Amendments also would deem holders of certain cash settled derivative securities as beneficial owners of the reference equity securities

Source: https://public-inspection.federalregister.gov/2023-09454.pdf As described more fully in the Proposing Release, the Commission proposed to amend certain rules to modernize the beneficial ownership reporting requirements. 4 The Proposed Amendments would, among other things: 1. Revise the Rule 13d-1(a) filing deadline for the initial Schedule 13D

SEC Alert! Gary Gensler: "in the last few years, many hedge funds are receiving repo financing in the non-centrally cleared bilateral market, where haircuts or initial margin requirements are not necessarily applied."

Chair Gary Gensler in speech: “The ‘90s: Rom-coms, the Spice Girls, & MFA:” Remarks Before the Managed Funds Association https://www.sec.gov/news/speech/gensler-remarks-managed-funds-association-050223 Private Funds * Advisers now report more than $25 trillion in private fund gross asset value amongst tens of thousands of funds. * The reported assets

FDIC Alert! FDIC Releases Comprehensive Overview of Deposit Insurance System, Including Options for Deposit Insurance Reform: "Deposit insurance can result in moral hazard and can increase bank risk-taking."

FDIC Alert! FDIC Releases Comprehensive Overview of Deposit Insurance System, Including Options for Deposit Insurance Reform: "Deposit insurance can result in moral hazard and can increase bank risk-taking."

https://www.fdic.gov/analysis/options-deposit-insurance-reforms/report/options-deposit-insurance-reform-full.pdf Full Report * Table of Contents * Section 1: Executive Summary Section 2: Introduction and Background * Introduction * Background Section 3: History of Deposit Insurance in the U.S. * The History of FDIC Insurance Coverage Limits * The Transaction Account Guarantee Program * Composition of Deposits

Federal Reserve Alert! Sunshine Meeting Notice for a CLOSED meeting under Expedited Procedures of the Board of Governors of the Federal Reserve System at 10:00 a.m. on Tuesday, May 2, 2023.

Matter considered: Discussion of Monetary Policy Issues https://www.federalreserve.gov/aboutthefed/boardmeetings/20230502closed.htm TLDRS: * A closed meeting of the Board of Governors of the Federal Reserve System will be held under expedited procedures at 10 a.m. on Tuesday, May 2, 2023. * Matter(s) considered: Discussion of Monetary

SEC Alert! Special filing with Federal Register: SEC submits notice for the 19th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, May 4, 2023.

https://public-inspection.federalregister.gov/2023-09266.pdf CLOSED door meetings 2023: Meeting NumberDate195/4184/27174/20164/13154/6143/30133/23123/16113/9103/292/2382/1672/962/251/2641/1931/1221/911/5 Seems to be a weekly occurrence every week since the year began. What has them so occupied? The Federal