procedures

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.

by Dismal-Jellyfish https://www.finra.org/sites/default/files/fda_documents/2018058111301%20J.P.%20Morgan%20Securities%2C%20LLC%20CRD%2079%20AWC%20gg.pdf The firm’s market access controls failed to prevent five erroneous orders routed to exchanges and alternative trading systems: On January 30, 2019, a firm trader on the Program Trading Agency Desk routed to the market an order …

READ MORE

Federal Reserve to hold unscheduled meeting under “Expedited Procedures” in regards to interest rates.

Inflation is out of control, Fed has to do something. Emergency rate hike incoming…. Market will meltdown https://www.federalreserve.gov/aboutthefed/boardmeetings/20220214closed.htm US Fed to hold Emergency "closed door" meeting on 14th February. By classifying it as closed door,@federalreserve may be meaning to withold …

READ MORE

MOST TRANSPARENT AUDIT EVER: Cyber Ninjas Release Policies and Procedures after Arizona Court’s Order to Make Documents Public

Democrats were hoping to use this excuse to discredit the ongoing audit process in Arizona. The documents were made public on Tuesday. https://twitter.com/ArizonaAudit/status/1387841707257991168 https://www.thegatewaypundit.com/2021/04/transparent-audit-ever-cyber-ninjas-release-policies-procedures-arizona-courts-order-make-documents-public/