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Submission of Rule Filing SR-FICC-2023-012 – Margin Liquidity Adjustment (MLA) Charge. FICC has [REDACTED] the Margin Liquidity Adjustment Model Document and has filed it separately with the SEC.

SR-FICC-2023-012: Wut Mean?: FICC is proposing three main changes: 1. Better Calculations for Sponsored Members: For members sponsored by multiple entities, FICC wants to improve how they calculate a specific charge (MLA Charge) to better address the risks of these members possibly not fulfilling their obligations. This includes an additional

William Galvin, Massachusetts’ top securities regulator sent JPMorgan, Morgan Stanley, Tradier Brokerage, US Tiger Securities, E-Trade, Savvy Advisors & Hearsay Systems a letter asking how they use AI

Do they ensure that the AI will not put the interests of the firm ahead of their clients? Sources: https://www.investmentnews.com/galvin-launches-investigation-into-brokers-use-of-ai-240703 https://www.reuters.com/technology/massachusetts-regulators-launch-probe-into-ai-securities-industry-2023-08-03/ TLDRS: * The state of Massachusetts is concerned about what it calls a growing and potentially unchecked use of artificial intelligence

Janet Yellen

June marked the 13th consecutive monthly net outflow for the hedge fund industry. Investors removed an estimated net $13.12 billion from hedge funds in June.

Hedgies R Fuk Alert! June marked the 13th consecutive monthly net outflow for the hedge fund industry. Investors removed an estimated net $13.12 billion from hedge funds in June. From 1/1/2022-6/30/23, Investors have removed $157.98 billion from hedge funds. Highlights: * June 2023 witnessed the

Rule 17Ad-3(b) mandates registered transfer agents notify the CEO of each issuer they serve if the agent fails to meet certain performance standards on 75% of items for 2 consecutive months.

1 transfer agent is called out as impacted by the rule & required to report. Wut mean?: * The rule mandates registered transfer agents to notify the CEO of each issuer they serve if the agent fails to meet certain performance standards on 75% of items for two consecutive months. This

SEC GRANTS SRO requested relief from specific reporting requirements related to activities on national securities exchange floors & "upstairs activity,"

which describes off-exchange market trading with regards to the Consolidated Audit Trail. This is wrong!! Wut Mean?: * On March 31, 2023, multiple SROs requested the SEC grant temporary conditional exemptive relief to the them from the National Market System Plan Governing the Consolidated Audit Trai. They're seeking relief

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'. "A mild recession is anticipated in late 2023 and early 2024."

Fitch Downgrades the United States' Long-Term Ratings to 'AA+' from 'AAA'. "A mild recession is anticipated in late 2023 and early 2024."

Yellen in response: “I strongly disagree with Fitch Ratings’ decision. The change by Fitch Ratings announced today is arbitrary and based on outdated data." https://www.fitchratings.com/research/sovereigns/fitch-downgrades-united-states-long-term-ratings-to-aa-from-aaa-outlook-stable-01-08-2023 https://home.treasury.gov/news/press-releases/jy1665 Fitch Ratings has downgraded the United States of America's

Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Called it!

Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Called it!

Source: https://www.fdic.gov/resources/resolutions/bank-failures/failed-bank-list/heartlandtristate.html Heartland Tri-State Bank of Elkhart, Kansas, was closed today by the Kansas Office of the State Bank Commissioner, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect depositors, the FDIC entered into a purchase and assumption