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Federal Reserve Alert! St. Louis Fed’s Bullard says has stepped down from his post immediately, will leave in August.

Source: https://www.stlouisfed.org/news-releases/2023/07/13/st-louis-fed-president-jim-bullard-announces-he-is-stepping-down TLDRS: * James Bullard, the president and CEO of the Federal Reserve Bank of St. Louis, announced that he will be leaving the Bank effective Aug. 14, 2023. He will become the inaugural dean of the Mitchell E. Daniels, Jr. School

SEC Alert! SEC Commissioner Hester M. Peirce on Today's Money Market Fund Reforms: "I could have supported the final money market fund rule if we had been equally prudent with respect to other elements of the rule." "Accordingly, I will be voting no today

https://www.sec.gov/news/statement/peirce-statement-air-dancers-flies-adoption-latest-money-market-fund-reforms Thank you, Chair Gensler. I am pleased that we are removing the tie between liquid asset thresholds and fees and gates and that we are not moving forward with swing pricing. I could have supported the final money market fund rule if we

SEC Commissioner Hester M. Peirce: "I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure."

"I support proposing to amend Exchange Act rule 15c3-3 to decrease the likelihood of customer losses in the event of a broker-dealer failure. Rule 15c3-3 effectively segregates customer activity from a broker-dealer’s proprietary activity." https://www.sec.gov/news/statement/peirce-proposed-amendments-exchange-act-rule-07-12-2023 Thank you, Mr. Chair. I support

Whistleblower Alert! SEC Awards Whistleblower More Than $9 Million. Whistleblower awards can range from 10% to 30% of the money collected when the monetary sanctions exceed $1 million. Therefore, the fine that was levied would range from $30 to $9 million

https://www.sec.gov/rules/other/2023/34-97879.pdf Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay

SEC Alert! The CLOSED door meeting scheduled for Thursday has been updated! 'Consideration of amici participation' added to the agenda.

'Amici advise and assist courts on matters of law and bring to the court's attention certain matters of law that may have escaped court's https://public-inspection.federalregister.gov/2023-14986.pdf https://www.law.cornell.edu/wex/amicus Hypothesis: Reading between the lines of what they

Commodity Futures Trading Commission (CFTC) Alert! CFTC Staff Extends Temporary No-Action Letter Regarding Certain Financial Reporting Requirements for Bank Swap Dealers.

https://www.cftc.gov/csl/23-11/download Wut mean? The Market Participants Division (MPD) of the U.S. Commodity Futures Trading Commission (CFTC) is extending the temporary no-action position established in CFTC Staff Letter 21-18. This pertains to the financial reporting requirements for eligible swap dealers (SDs). The no-action position

FICC-GOV,FICC-MBS,DTC,NSCC Alert! New Minimum Capital Requirements: the increased capital requirements take effect on August 26, 2023

https://www.dtcc.com/-/media/Files/pdf/2023/7/11/GOV1510-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/MBS1248-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/18775-23.pdf https://www.dtcc.com/-/media/Files/pdf/2023/7/11/