Dismal's Smacks

🌙 ☀️

Sign in Subscribe

📰 News

Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Gary Gensler's Testimony to the Appropriations Committee About the 2024 Budget Request of $2.436B (Congress Funded at $2.364 billion). Staffing Surpassing 7-Year Levels, 35K+ Tips in 2022 (Double from 2016).

Source: https://www.sec.gov/news/testimony/gensler-testimony-fsgg-subcommittee-senate-appropriations-committee-071923 Full-time equivalents (FTEs) at the SEC and in individual Divisions. Overall SEC FTEs include all Offices and Divisions. Budget Request * FY 2024 request of $2.436 billion for SEC operations. * The bulk of the increase would be to support currently authorized staffing

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

Federal Reserve Alert! Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live. What Is It, and What Does It Do?

Source: https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm The Federal Reserve on Thursday announced that its new system for instant payments, the FedNow® Service, is now live. Banks and credit unions of all sizes can sign up and use this tool to instantly transfer money for their customers, any

"Big Short" Trader Danny Moses Reveals Short Position on GameStop Stock The famed trader called Ryan Cohen a "bad trader" and pointed out the reasons for his bearish thesis on GameStop.

Source: https://twitter.com/CNBCFastMoney/status/1681423000405692416 https://www.thestreet.com/memestocks/gme/big-short-trader-danny-moses-reveals-short-position-on-gamestop-stock TLDRS: * Danny Moses, recognized for his part in "The Big Short," disclosed that he holds put options on GameStop. * He expressed concerns about GameStop's financial health, emphasizing its declining cash reserves and

Citadel Securities has entered the U.S. corporate bond market, which is valued at $10 trillion. Citadel: “less electronified and more idiosyncratic, so it requires some further refinement in how we’re leveraging our existing franchise”.

Source: https://www.ft.com/content/9a45f0f3-b2b6-4c94-a453-519d7252d4b5 Highlights: * Citadel Securities’ entry into America’s $10tn corporate bond market looks set to turbo charge an electronic trading revolution in an asset class once dominated by large banks and telephone transactions, say investors and industry executives. * Ken Griffin’s high-frequency market-making firm,

Federal Reserve Alert! The Federal Reserve Board announces that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT. Additional details inside.

Source: https://www.federalreserve.gov/newsevents/pressreleases/bcreg20230614a.htm The Federal Reserve Board announced on Wednesday that results from its annual bank stress tests will be released on Wednesday, June 28, at 4:30 p.m. EDT. Stress tests are one supervisory tool used to measure whether banks have adequate

CFTC Alert! CFTC Whistleblower Office Director Christopher Ehrman Steps Down. In Almost Exactly 10 Years as the Director, Led 36 Award Grants Totaling $330M Since its First Award in 2014. In Comparison, The SEC Led 328 Awards of $1.3B Since 2012

https://www.cftc.gov/PressRoom/PressReleases/8751-23 The Commodity Futures Trading Commission today announced the Director of the Whistleblower Office Christopher Ehrman will step down from his role today. Mr. Ehrman has led the Whistleblower Office since joining the agency in 2013. “I am grateful to Chris for his dedication

SEC Alert! SEC Fines and Censures Cantor Fitzgerald $1.4M for Failing to Report Large Traders: Hidden Sell-offs Could Be Used to Distort and Create Retail is Selling GameStop Narrative by Corporate Media.

https://www.sec.gov/litigation/admin/2023/34-97906.pdfSummary: Wut mean? * Cantor Fitzgerald, a financial services firm, has been found to repeatedly fail to identify and report customers who are classified as "Large Traders" as per Section 13(h) of the Exchange Act and its associated rules. This