Dismal's Smacks

🌙 ☀️

Sign in Subscribe

📰 News

SEC Alert! Gary Gensler: Treating like market participants alike, and promoting market integrity, increases investor trust in the overall markets.

SEC Alert! Gary Gensler: Treating like market participants alike, and promoting market integrity, increases investor trust in the overall markets. It focuses participants’ competition on price, service, and other key factors, rather than on whether the game is fair or the information is trustworthy. Source: https://www.sec.gov/news/

SEC Alert! SEC Charges Mattel with Financial Misstatements and Former PwC Audit Partner with Improper Professional Conduct. Without admitting or denying these findings, Mattel agreed to a cease-and-desist order and to pay a $3.5 million civil penalty.

Source: https://www.sec.gov/news/press-release/2022-189 The Securities and Exchange Commission today announced that California-based Mattel Inc. has agreed to pay $3.5 million to settle charges relating to misstatements in its third and fourth quarter 2017 financial statements. Separately, the SEC is initiating litigation against Joshua Abrahams,

Inflation Alert! Federal Reserve Governor Lisa Cook: “Inflation is too high, it must come down and we will keep at it until the job is done,” “Policy must be based on whether we see inflation actually falling in the data, rather than just in forecasts."

Source: https://www.bloomberg.com/news/articles/2022-10-20/fed-s-cook-says-ongoing-rate-hikes-needed-to-curb-inflation

NSCC/DTC/FICC Alert! Proposed rule change states that on a weekly basis, a study to estimate the depth of the repo market under prevailing market conditions

NSCC/DTC/FICC Alert! Proposed rule change states that on a weekly basis, a study to estimate the depth of the repo market under prevailing market conditions as well as a sample stress scenario to assess potential available liquidity in the event of default of the largest Member would be

Recession Alert! According to the Bureau of Economic Analysis, Real gross domestic product (GDP) decreased at an annual rate of 0.6 percent in the second quarter of 2022. In the first quarter, real GDP decreased 1.6 percent

Source The decrease in real GDP in the second quarter of 2022 occurred amid continued inflation, low unemployment, ongoing supply-chain challenges, and rising interest rates. The economic effects of these factors cannot be quantified in the GDP estimate for the second quarter, because the impacts are generally embedded in source

Office of Inspector General Alert! The Inspector General’s Statement on the SEC’s Management and Performance Challenges, October 2022. For FY 2021 the agency's information security program did not meet accepted reporting metrics' definition of "effective"

Source As we begin fiscal year 2023, we again identified the following as areas where the SEC faces management and performance challenges to varying degrees: Meeting Regulatory Oversight Responsibilities Protecting Systems and Data Improving Contract Management Ensuring Effective Human Capital Management We met with managers from the SEC’s divisions

NSCC Alert! Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge

SR-NSCC-2022-009 34-96088 Order Instituting Proceedings to Determine Whether to Approve or Disapprove a Proposed Rule Change to Adopt Intraday Volatility Charge and Eliminate Intraday Backtesting Charge Comments due: 21 days after publication in the Federal Register Rebuttal comments due: 35 days after publication in the Federal Register * Submit Comments on