JP Morgan Chase FINRA Discipline Alert! From January 2019 to July 2022, the firm’s financial risk management controls and supervisory procedures were not reasonably designed to prevent certain erroneous orders that exceeded appropriate price or size parameters. Punishment? A $750k fine & censure. May 23, 2023 10:03 am
Inflation Alert! St. Louis Fed’s James Bullard backs two more hikes. Bullard would have central bank push interest rates up to 5.5%-5.75% range May 22, 2023 2:01 pm
Federal Deposit Insurance Corporation (FDIC) Alert! FDIC is seeking PUBLIC comment on the proposed rule that would impose special assessments to recover the loss to the Deposit Insurance Fund arising from the protection of uninsured depositors in connection with SVB & Signature Bank–$15.8 billion. May 19, 2023 1:19 pm
Inflation Alert! April 2023 Rental Report: The median asking rent was $1,734, up by $4 from last month and down by $43 from the peak but still $348 (25.1%) higher than the same time in 2019 (pre-pandemic). May 18, 2023 7:16 pm
DTC Alert! Change in Funding Accounts for USD payments on Canadian securities, DTC will be changing the funding account from the account held at the Bank of Montreal (BMO) & will transition all payments to either the DTC account held at the Royal Bank of Canada or account at J.P. Morgan Chase. May 16, 2023 8:35 am
Inflation Alert! Fed Governor Philip N. Jefferson: “if you are willing to widen your lens to include a more commonplace definition, then it is possible to conclude that current monetary policy is, in fact, “on track.”” “The bad news is that there has been little progress on core inflation.” May 14, 2023 7:40 amMay 13, 2023 7:17 am
ALERT: US Government May Freeze American Bank Withdrawals As Currency Panic and Capital Flight Mounts – Hedge Fund Manager Hugh Hendry May 9, 2023 3:44 pmMay 8, 2023 9:29 pm
Russia Launches 5 Bombers from Base NE of Finland. NATO Troops in Poland goes on High Alert May 8, 2023 9:00 pm
Inflation Alert! Fed releases Inflation Expectations Fall at Short-Term Horizon but Rise Slightly at Longer Horizons. One-year (4.4%), 3year (2.9%), and 5-year (2.6%) inflation expectations all higher than the Fed’s target of 2%. Inflation appears to be becoming anchored in consumers expectations. May 9, 2023 8:25 amMay 8, 2023 5:48 pm
Whistleblower Alert! SEC Issues Largest-Ever Whistleblower Award nearly $279 million, to a whistleblower whose information and assistance led to the successful enforcement of SEC and related actions. May 5, 2023 7:16 pm
SEC Alert! SEC Chair Gary Gensler Statement on Current Market Events: “As I’ve said, in times of increased volatility and uncertainty, the SEC is particularly focused on identifying and prosecuting any form of misconduct that might threaten investors, capital formation, or the markets more broadly” May 4, 2023 8:03 pm
ALERT: DOD has announced that a High-Altitude Balloon from an “Unknown Country” was detected over Hawaii. Now considering a shoot down May 2, 2023 9:05 am
FDIC Alert! JPMorgan Chase Bank, National Association, Columbus, Ohio Assumes All the Deposits of First Republic Bank, San Francisco, California. FDIC entering loss-share transaction agreement to share the losses with JP Morgan. May 1, 2023 9:00 am
WOKE ALERT: Harper Collins Publishers Is Brainwashing 3-Year-Olds With Sexual Deviancy, Genital Mutilation Propaganda April 26, 2023 8:39 pm
Recession Alert! Philly Fed Crashes To -22.8 For April (Slippin’ Into Darkness) April 25, 2023 2:53 pm
Federal Reserve Alert! Today, a CLOSED meeting of the Board of Governors of the Federal Reserve System was held under expedited procedures as it was determined that the public interest did not require opening the meeting. Matter Considered: advance and discount rates to be charged by the Fed banks. April 24, 2023 9:26 pm
Inflation Alert! Governor Lisa Cook: “there is evidence that the path back to our low and stable inflation goal could be long and is likely to be uneven and bumpy.” “All of these measures have come off their peaks but remain elevated, suggesting that inflation has become broad based in the economy.” April 23, 2023 6:24 pmApril 22, 2023 7:24 pm
