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CFTC Awards Whistleblower Over $18 Million.

Whistleblower Alert! CFTC Awards Whistleblower Over $18 Million, Meaning the Penalty Levied Ranged Between $60 Million and $180 Million.

Press Release The Commodity Futures Trading Commission today announced an award of over $18 million to a whistleblower who provided detailed information and assistance in a CFTC enforcement action and in a related action by another agency. The whistleblower provided assistance to the Division of Enforcement’s (DOE) staff that

Social Security Announces 3.2% Benefit Increase for 2024.

Inflation Alert! Social Security Announces 3.2% Benefit Increase for 2024. Today, September CPI reported 3.7% over the past year. The increase eaten by inflation!

Wut Mean? * Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2 percent in 2024. * The 3.2 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 66 million Social Security beneficiaries in January 2024. Increased payments to approximately

Open Meeting on Wednesday, October 18, 2023 at 10:00 a.m. (ET).

SEC to hold an OPEN meeting 10/18/23 at 10 a.m. ET to consider prohibiting national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in NMS stocks

MATTERS TO BE CONSIDERED: The Commission will consider whether to propose a new rule to prohibit national securities exchanges from offering volume-based transaction pricing in connection with the execution of agency-related orders in NMS stocks; and to require national securities exchanges to have certain anti-evasion rules and written policies and

Office of Financial Research

Office of Financial Research: Limiting Short Selling During Periods of Individual Stock Stress Reduces Volatility and Raises Prices

A working paper published today by the Office of Financial Research (OFR) finds that temporary short-selling restrictions, triggered by a sharp decline in a stock’s price, reduce market volatility and improve pricing and market liquidity. Despite strong predictions based on theories of disagreement, limited empirical evidence has linked short-selling

Meeting on Friday, October 13, 2023 at 9:30 a.m. (ET).

SEC to hold an OPEN meeting Friday, October 13, 2023 at 9:30 a.m. (ET) to discuss bona fide market making exception under Rule 203(b) of Regulation SHO & increasing the public availability of short sale-related data.

* The Commission will consider whether to adopt a rule under the Securities Exchange Act of 1934 (“Exchange Act”) to increase the transparency and efficiency of the securities lending market. * The Commission will consider whether to adopt a rule under the Exchange Act that is designed to provide greater transparency to

2023 Bank Failures Preliminary lessons learnt for resolution

Financial Stability Board calls out Swiss Government handling of Credit Suisse, stating they ignored accepted resolution frameworks. I argue they did it for the 50 years of secrecy.

G-SIB resolution and the Credit Suisse case: Preliminary lessons learnt from the Credit Suisse case for G-SIB resolution and resolution planning: Credit Suisse was acquired by UBS, supported by ample liquidity facilities including a public liquidity backstop, a second-loss guarantee from the Swiss government, a dilution of its shareholders, and

Vice Chair for Supervision Michael S. Barr: "I expect that the full effects of past tightening are yet to come in the months ahead."

Vice Chair for Supervision Michael S. Barr: "I expect that the full effects of past tightening are yet to come in the months ahead."

Highlights: * "I am squarely focused on our dual mandate to promote maximum employment and stable prices for the American people. I strongly agree with the point that Chair Powell has made often, which is that without price stability, the economy does not work for anyone. Price stability is crucial