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SEC Charges Weiss Asset Management with Short Selling Violations. Weiss Asset Management LP has agreed to pay approximately $6.9 million to settle charges

FICC - MBS Alert! Moving MBSD Deterministic Risk Component to Cash Only Settlement; Intraday Mark-to-Market Charge and Intraday VaR Charge. Due to recent market volatility, FICC will be raising the backtesting coverage threshold for intraday margin calls

Source During normal market conditions, the Intraday Mark-to-Market Charge applies to Clearing Members that experience an intraday increase in Mark-to-Market exposure that exceeds (i) a dollar threshold of $1,000,000, (ii) a percentage threshold of 30% as compared to the daily VaR Charge, and that have 12-month backtesting coverage

FICC - GOV Alert! GSD Capped Contingency Liquidity Facility® (CCLF®) Reset Reminder

FICC - MBS Alert! Deterministic Risk Component Testing in Cash Only Settlement 2nd Extension and Changes. The testing window opened on May 9, 2022 and has been extended to close on June 17, 2022 (pushed back 7 days).

Kirsten Gillibrand and Cynthia Lummis introduce Crypto bill outlining sweeping plan for future rules. Details in the comments.

Source: https://www.washingtonpost.com/business/2022/06/07/crypto-lummis-gillibrand-regulation/ Draft of Bill: https://www.scribd.com/document/576008331/Lummis-Bill-Draft Other Coverage: CNBC: https://www.cnbc.com/2022/06/07/bipartisan-crypto-bill-lummis-and-gillibrand-want-to-empower-cftc-treat-digitals-assets-like-commodities.html Politico: https://www.politico.com/news/2022/06/06/lummis-and-gillibrands-crypto-hype-machine-00036712 NBC News: https://www.nbcnews.com/politics/congress/

FINRA Alert! Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend FINRA Rules 4111 (Restricted Firm Obligations) and 9561 (Procedures for Regulating Activities Under Rule 4111)

Source (pdf) **Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Amend FINRA Rules 4111 (Restricted Firm Obligations) and 9561 (Procedures for Regulating Activities Under Rule 4111)**Comments due: 21 days after publication in the Federal Register * Submit Comments on SR-FINRA-2022-014 Purpose On July 30, 2021, the

FICC - GOV Alert! Effective Monday, August 1, 2022, the Government Securities Division will introduce a validation check for the Executing Firm field on all transactions submitted to the Real-Time Trade Matching (“RTTM®”) Web application.

Source Effective Monday, August 1, 2022, the Government Securities Division (“GSD”) of the Fixed Income Clearing Corporation (“FICC”) will introduce a validation check for the Executing Firm field on all transactions submitted to the Real-Time Trade Matching (“RTTM®”) Web application. The new validation will systemically validate any data that is