George Soros election alert…

With voters in San Francisco having recalled controversial prosecutor Chesa Boudin this week, critics are turning to other anti-bail, anti-jail DAs funded by liberal billionaire George Soros and his groups for ousters. Topping that list are Los Angeles District Attorney George Gascon, Baltimore State’s …

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ALERT: WHO Upgrades MonkeyPox Threat Level

Global monkeypox threat upgraded to ‘moderate’ by World Health Organization amid fears virus will jump to animals and never be eradicated WHO said outbreak is ‘moderate risk’ because clusters have been reported in different places simultaneously The outbreak, which was …

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FINRA Alert! Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 6730 to Enhance TRACE Reporting Obligations for U.S. Treasury Securities.

by Dismal-Jellyfish Source (pdf) Notice of Filing of a Proposed Rule Change to Amend FINRA Rule 6730 to Enhance TRACE Reporting Obligations for U.S. Treasury SecuritiesComments due: 21 days after publication in the Federal RegisterAdditional Materials: Exhibit 2a, Exhibit 2b, Exhibit 2c, Exhibit 5 Submit Comments on …

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NSCC ALERT! PROPOSED RULE CHANGE FILING – AMENDMENTS TO THE CLEARING AGENCY STRESS TESTING (MARKET RISK) FRAMEWORK AND CLEARING AGENCY LIQUIDITY RISK MANAGEMENT FRAMEWORK (SR-NSCC-2022-006)

by Dismal-Jellyfish Source (pdf) Others following suit: FICC – GOV (pdf): Submission of Rule Filing SR-FICC-2022-004 – Amendments to the Clearing Agency Liquidity Risk Management Framework, Clearing Agency Stress Testing (Market Risk) Framework and MBSD Rules FICC – MBS (pdf): Submission of Rule …

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FICC – MBS Alert! Ccertain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit calculation to Cash Settlement, revise thresholds in the Intraday Mark-to-Market Charge, establish a new Intraday VaR Charge

by Dismal-Jellyfish Source (pdf) Smoothbrain take; Housing loans are treated as securities/assets. There are rules about how that works. They’re moving risky shit(calls/puts, loans/intrest) from ‘you just need a deposit’ to yall better have fucking cash. They’re also revising the every …

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NSCC Alert! ETF PCF CYCLE EXPANSION.

by Dismal-Jellyfish This is the official notice of an upcoming change that will impact the frequency and timing of the ETF Portfolio Composition File (PCF) primary cycle. Once this enhancement is implemented, NSCC will no longer grant PCF extension requests! …

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Hacking Alert for Google Chrome User

BREAKING REPORT: Google warns billions of Chrome users that BROWSER HAS BEEN HACKED in 'high threat' attack… — Chuck Callesto (@ChuckCallesto) April 28, 2022 CONSUMER TECH Google Issues Warning For Billions Of Chrome Users https://www.forbes.com/sites/gordonkelly/2022/04/27/google-chrome-new-vulnerabilities-high-threat-level-update-chrome-now/?sh=9d8bfb557f59

Russia Threatens To Smoke Western Diplomats, US and UK!

https://twitter.com/UKR_Report/status/1519423227650613249 And bomb NATO bases in other countries…   Maria Zakharova, the Russian foreign ministry spokeswoman, suggested that strikes could be authorized against NATO states who provide arms to Ukraine. She warned: ‘Do we understand correctly that for the sake …

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SEC Alert! SEC Charges Archegos and its Founder with Massive Market Manipulation Scheme Multiple Archegos Executives Charged with Misleading Counterparties

by Dismal-Jellyfish Source The Securities and Exchange Commission today charged Sung Kook (Bill) Hwang, the owner of family office Archegos Capital Management, LP (Archegos), with orchestrating a fraudulent scheme that resulted in billions of dollars in losses. The SEC also …

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Federal Reserve and Inflation Alert! Summary of Commentary on Current Economic Conditions by Federal Reserve District. ‘Beige Book’ notes Firms in most Districts expected inflationary pressures to continue over the coming months.

by Dismal-Jellyfish Source Summary of Commentary on Current Economic Conditions by Federal Reserve District Commonly known as the Beige Book, this report is published eight times per year. Each Federal Reserve Bank gathers anecdotal information on current economic conditions in …

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FICC Alert! Proposed rule to amend the Mortgage-Backed Securities Division Clearing Rules to move certain Deterministic Risk Component items (Mark-to-Market items, cash obligation items and accrued principal and interest) from the Required Fund Deposit calculation to Cash Settlement, and more.

by Dismal-Jellyfish This looks, to my non-lawyer brain, to be a way to reduce the member’s margin requirement. These mark-to-market items and others are moved from “Required Fund Deposit” so they won’t count against the margin requirement, as stated here: …

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SEC Alert! Under the proposed rules, any market participant that engages in activities as described in the rules would be a “dealer” or “government securities dealer” and become members of a self-regulatory organization (SRO), and comply with federal securities laws and regulatory obligations.

by Dismal-Jellyfish Specifically, today’s release proposes further defining a dealer and government securities dealer as one that engages “in a routine pattern of buying and selling securities that has the effect of providing liquidity to other market participants” by, for example: …

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Inflation and Federal Reserve Alert! Governor Christopher J. Waller: In 1972-1973, the average household spent 24 percent of expenditures on rent or imputed rent. This share rose to 27 percent in the late 1980s, and in 2019 that was up to 35 percent. No doubt the share in 2022 will be larger still.

by Dismal-Jellyfish The Red Hot Housing Market: the Role of Policy and Implications for Housing Affordability Governor Christopher J. Waller At the “Recent Fiscal and Monetary Policy: Implications for U.S. and Israeli Real Estate Markets” conference Source Watch Remarks Thank you, …

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DTCC Alert! Is anyone else curious about the DTCC’s Sponsored Repo program allows cash to move from cash providers to investment funds/dealers in a manner that both reduces balance sheet costs and counterparty risk?

by Dismal-Jellyfish Source DTCC Announcement So I am was covering the additions to the Standing Repo Facility this morning and in the process came across the source links above about the DTCC’s Sponsored Repo facility. tl:dr it appears traditional repo is balance sheet …

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SEC Alert! The Securities and Exchange Commission today voted to propose changes that would remove the references to credit rating agencies from existing exceptions provided in Rule 101 and Rule 102 of Regulation M.

by Dismal-Jellyfish Proposed Rule (95 pages) Source The Commission proposes to replace the credit-rating requirement included in Rule 101’s exception, which is available to distribution participants and their affiliated purchasers, with requirements that the nonconvertible debt securities and nonconvertible preferred …

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