Dismal's Smacks

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Whistleblower Alert! The Securities and Exchange Commission today announced an award of more than $3.5 million to a whistleblower who provided critical information that significantly contributed to the success of two SEC enforcement actions.

In fiscal year 2022 alone, the SEC has awarded more than $143 million to whistleblowers.

The SEC has awarded approximately $1.2 billion to 248 individuals since issuing its first award in 2012.

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CFTC submits special filing to consider litigation matters

CFTC submits a special filing at 4:15 p.m. for a CLOSED meeting that occurred today at 4:00 p.m. to consider litigation matters.

The Commodity Futures Trading Commission (CFTC) held a closed meeting today at 4:00 p.m. to address litigation matters. A special filing regarding the meeting was submitted at 4:15 p.m. No further details about the litigation matters discussed were provided but it is always curious when they

SEC announces settled charges against 7 public companies

SEC announces settled charges against 7 public companies for using employment, separation, and other agreements that violated rules prohibiting actions to impede whistleblowers from reporting potential misconduct to the SEC.

The Securities and Exchange Commission (SEC) announced today that it has settled charges with seven public companies for using employment, separation, and other agreements that violated SEC rules designed to protect whistleblowers. These agreements impeded employees from reporting potential misconduct to the SEC. As part of the settlement, the companies

The vast majority of community banks (96.7%) reported unrealized losses on securities.

FDIC Second Quarter Quarterly Banking Profile: "The vast majority of community banks (96.7%) reported unrealized losses on securities."

Today the FDIC released second quarter financial results in its latest Quarterly Banking Profile published today. U.S. commercial banks and savings institutions insured by the FDIC reported $71.5 billion in net income for Q2 2024, a $7.3 billion (11.4%) increase from the previous quarter, driven by