Dismal's Smacks

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SEC Alert! SEC to hold an OPEN meeting Wednesday, January 25, 2023 at 10:00 a.m. to consider whether to propose a rule to implement Section 27B of the Securities Act of 1933, as added by Section 621 of the Dodd-Frank (conflicts of interest)

“This proposed rule is designed to ensure that those who create and sell asset-backed securities cannot profit by betting against those same securities at the expense of those who buy them,” - SEC Chairman Mary L. Schapiro Sept. 19, 2011 Reddit Post

FINRA Alert! Without admitting or denying findings, between January 2010 and June 2021 Credit Suisse misreported the covered quantity of over 10,000 Over-The-Counter (OTC) short positions to the LOPR in violation of FINRA Rules 2360(b)(5) and 2010.

Penalty for 11 years misreporting? A $375,000 fine. Source: https://www.finra.org/sites/default/files/fda_documents/2020066233401 Credit Suisse Securities (USA) LLC CRD 816 AWC lp (2022-1670717997233).pdf Reddit post

Commodity Futures Trading Commission (CFTC) Alert! Do you think punting swap reporting data 2 years is ridiculous? Well, say so!

Federal Reserve Alert! Federal Reserve releases results of survey of senior financial officers at banks about their strategies and practices for managing reserve balances.

~25% of respondents reported that their bank expects reserves to decrease as a share of total assets over the next 6 months. Source: https://www.federalreserve.gov/data/sfos/files/senior-financial-officer-survey-202211.pdf Reddit Post

Whistleblower Alert! SEC Awards More Than $5 Million to Whistleblower.

source: https://www.sec.gov/news/press-release/2023-8 Reddit Post

Office of Financial Research publishes 2022 Annual Report to Congress: 'Generally, bond market stress measures are comparable to March 2020 and the early days of the 2007-09 financial crisis.'

Source: https://www.financialresearch.gov/press-releases/2023/01/12/ofr-finds-elevated-threats-to-u-s-financial-stability/ The OFR published its 2022 Annual Report to Congress today, which concluded that macroeconomic conditions and geopolitical uncertainties elevated risks across the financial system last year. The report examined these risks to financial stability between October 1, 2021 – September 30,

FICC-GOV, FICC-MBS Alert! Request for Trade input extension Reminder instructions for member firms experiencing internal system issues and require an end of-day extension to submit trade input.