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Commissioner Hester M. Peirce

"the Commission is considering today would commit the market to what may be a reckless ride down the path to mandatory clearing, with no brakes or off-ramps in the event the market takes a bad turn. Accordingly, I cannot support it."

Source: https://www.sec.gov/news/statement/peirce-statement-rules-improve-risk-management-12-13-23 Thank you, Mr. Chair. A government that routinely runs substantial deficits needs to be cautious when structuring the rules for the markets in which it borrows. Additional central clearing in the U.S. Treasury market may be one way to strengthen the

Gary Gensler Statement on Final Rules Regarding Treasury Clearing

Gary Gensler Statement on Final Rules Regarding Treasury Clearing: "I am pleased to support these rules because they will help to make this vital part of our capital markets more efficient, competitive, and resilient."

Source: https://www.sec.gov/news/statement/gensler-statement-treasury-clearing-121323 Today, the Commission is considering whether to adopt rules regarding the central clearing of U.S. Treasury securities. I am pleased to support these rules because they will help to make this vital part of our capital markets more efficient, competitive, and

Standards for Covered Clearing Agencies for U.S. Treasury Securities

SEC Adopts Rules to Improve Risk Management in Clearance and Settlement and Facilitate Additional Central Clearing for the U.S. Treasury Market

The Commission is responsible for facilitating the establishment of a national system for the prompt and accurate clearance and settlement of securities transactions. This responsibility includes the authority to regulate clearing agencies engaged in the clearance and settlement of government securities transactions, including U.S. Treasury securities. This inclusion of

Multiple brokers caught by FINRA stealing millions from retail by forcing over 5 million retail customers into share lending while keeping the profits.

Multiple brokers caught by FINRA stealing millions from retail by forcing over 5 million retail customers into share lending while keeping the profits.

Following up from today's earlier post: FINRA 'discipline' Alert! From January 2019-March 2023, SoFi required retail customers, as a condition of opening an account, consent to their securities lending program--more than two million customers were automatically enrolled. About securities lending: Fully paid securities lending is a

SoFi

FINRA 'discipline' Alert! From January 2019-March 2023, SoFi required retail customers, as a condition of opening an account, consent to their securities lending program--more than two million customers were automatically enrolled.

FACTS AND VIOLATIVE CONDUCT Fully paid securities lending in general: Customers who lend their shares out also lose, for the duration of the securities loan, both SIPC protection and voting rights (because voting rights for borrowed shares transfer to the third party borrowing those shares) SoFi’s fully paid securities

CFTC to Hold a Commission OPEN Meeting on December 13 to consider Swap and Derivatives Rules.

CFTC to Hold a Commission OPEN Meeting on December 13 to consider Swap and Derivatives Rules.

Commodity Futures Trading Commission Chairman Rostin Behnam today announced the Commission will hold an open meeting on Wednesday, December 13 at 9:30 a.m. (EST) at the CFTC’s Washington, D.C. headquarters. Members of the public are free to attend the meeting in person, listen by phone, or

U.S. Senator Sherrod Brown

U.S. Senator Sherrod Brown to Banks: Higher Capital Requirements Protect Consumers and Taxpayers From Wall Street's Risky Bets.

Source: https://www.banking.senate.gov/newsroom/majority/brown-to-banks-higher-capital-requirements-protect-consumers-and-taxpayers-from-wall-streets-risky-bets Sen. Brown’s remarks, as prepared for delivery follow: The eight bank CEOs appearing before us today lead the biggest global, systemically important banks in the United States. Your banks hold nearly $15 trillion in assets, manage trillions of dollars of