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SEC Alert! SEC Charges Cheetah Mobile’s CEO and its Former President with Insider Trading.

Source: https://www.sec.gov/news/press-release/2022-169 Without admitting or denying the SEC’s findings, Sheng Fu and Ming Xu agreed to cease-and-desist orders, undertakings relating to their future securities trading, and to pay civil penalties of $556,580 and $200,254, respectively. According to the SEC’s order,

Commissioner Hester M. Peirce: I support today’s proposal because it seeks comment on how to address problems we have observed in the Treasury market, not because I necessarily embrace the solution that we are proposing.

Source: https://www.sec.gov/news/statement/peirce-statement-treasury-clearing-09142022 Reddit Post

SEC Alert! SEC Proposes Rules to Improve Risk Management in Clearance and Settlement and to Facilitate Additional Central Clearing for the U.S. Treasury Market

Source: https://www.sec.gov/news/press-release/2022-162 Proposed Rule Specifically, the proposal would require that clearing agencies in the U.S. Treasury market adopt policies and procedures designed to require their members to submit for clearing certain specified secondary market transactions. These transactions would include: all repurchase and reverse

Federal Reserve Alert! U.S. economy likely to slow further, Fed’s Beige Book finds. Most business respondents “expected price pressures to persist at least through the end of the year.”

Source: https://www.federalreserve.gov/monetarypolicy/beigebook202209.htm Overall Economic Activity Economic activity was unchanged, on balance, since early July, with five Districts reporting slight to modest growth in activity and five others reporting slight to modest softening. Most Districts reported steady consumer spending as households continued to trade down

CNS accounts settle against a single Designated Account. It's therefore technically possible for a Member to deliver securities to NSCC’s CNS account to satisfy a short position in 1 CNS sub-account and receive the same securities from NSCC’s CNS account

CNS accounts settle against a single Designated Account. It's therefore technically possible for a Member to deliver securities to NSCC’s CNS account to satisfy a short position in 1 CNS sub-account and receive the same securities from NSCC’s CNS account in connection with a long position

FINRA Alert! Order APPROVING a Proposed Rule Change to Amend FINRA Rule 6730 (Transaction Reporting) to Enhance TRACE Reporting Obligations for U.S. Treasury Securities.

Source SR-FINRA-2022-013 On May 23, 2022, the Financial Industry Regulatory Authority, Inc. (“FINRA”) filed with the Securities and Exchange Commission (“Commission”), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (“Act”) and Rule 19b-4 thereunder, a proposed rule change to amend FINRA Rule 6730 (Transaction Reporting)

FICC GOV Alert! Effective September 02, 2022 Citadel Equity Fund Ltd. and Citadel Quantitative Strategies Master Fund Ltd. will be added as Sponsored Members of the Government Securities Division.