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🧱 Market Reform

Whistleblower Alert! The Claims Review Staff (“CRS”) issued a Preliminary Determination recommending (“Claimant 1”) receive a whistleblower award of about $1 million.

Claimant 1’s tip was the initial source of the underlying investigation and caused the opening of the investigation. Source: https://www.sec.gov/rules/other/2023/34-97285.pdf Background: * (“Firm”), a registered broker-dealer * Claimant 2 was not aware that he/she could submit an award claim based on Commission

SEC Alert! Commissioner Hester M. Peirce in speech: "Regulators must constrain their appetite for data."

"The goal should be to collect only the data regulators need to perform their limited statutory missions, not all data or even all the data it might come in handy someday to have." Escaping the Data Swamp: Remarks before the RegTech 2023 Data Summit Commissioner Hester M. Peirce

SEC Alert! SEC will hold an OPEN Meeting Friday, April 14, 2023 at 10:00 a.m. to consider whether to reopen the comment period for proposed amendments to Rule 3b-16: Amendments Regarding the Definition of ‘‘Exchange’’ and Alternative Trading Systems (ATS)

Source: https://public-inspection.federalregister.gov/2023-07755.pdf SEC will hold an OPEN Meeting Friday, April 14, 2023 at 10:00 a.m. to consider whether to reopen the comment period for proposed amendments to Rule 3b-16: Amendments Regarding the Definition of ‘‘Exchange’’ and Alternative Trading Systems (ATS) That Trade U.

SEC Alert! OPEN for comment: The SEC is soliciting comments on the existing collection of information provided for in Rule 15c2-11.

Rule 15c2-11 is designed to prevent broker-dealers from publishing or submitting quotations for OTC securities that may facilitate a fraudulent or manipulative scheme. Source: https://public-inspection.federalregister.gov/2023-07495.pdf https://public-inspection.federalregister.gov/2023-07495.pdf * Rule 15c2-11 governs the publication of quotations for securities in a quotation medium other

SEC Alert! Special filing with Federal Register: SEC submits notice for the 14th CLOSED door meeting this year via the Sunshine Act for 2:00 p.m. on Thursday, April 13, 2023.

Source: https://public-inspection.federalregister.gov/2023-07618.pdf Previous CLOSED door meetings this year: Meeting NumberDateSuperstonk Coverage134/6https://www.reddit.com/r/Superstonk/comments/126y4gw/sec_alert_special_filing_with_federal_register/123/30https://www.reddit.com/r/Superstonk/comments/11zw0jo/sec_alert_special_filing_with_federal_register/113/23https://www.

SEC Alert! Proposed rule Safeguarding Customer Information OPEN for comment. Current rule protects customer information against unauthorized access or use but does NOT include a requirement to notify affected individuals in the event of a data breach.

Would extend to Transfer Agents (Computershare). Source: https://public-inspection.federalregister.gov/2023-05774.pdf (224 pages): Summary: The SEC is proposing rule amendments that would require brokers and dealers (or “broker-dealers”), investment companies, and investment advisers registered with the Commission to adopt written policies and procedures for incident response programs to

Whistleblower Alert! SEC Awards More Than $12 Million to Two Whistleblowers. Whistleblower 1 prompted the opening of the investigation and provided information on violations that would otherwise have been difficult to detect.

SEC Order: Press Release: The Securities and Exchange Commission today announced awards of more than $12 million to two whistleblowers who provided information and assistance in a successful SEC enforcement action. The first whistleblower prompted the opening of the investigation and provided information on violations that would otherwise have been