This morning the Fed performed a Reverse Repo 'Small Value Exercise' - with another scheduled for 10AM tomorrow.

Anyone know what they are trying to accomplish here?

FINRA charges M1 Finance with failing to locate / mismarking over 12 Million short sales since March 2016.

Also known as... Naked Short Selling.

An important vote for the now-profitable GameStop, and a great opportunity for shareholders to exercise their rights.

I agree with the board's recommendation, and have voted against Proposal 4.

ISDA has issued a response to the FCA's new proposal - in which future Enforcement Actions would be made public.

Unsurprisingly, the Big Bank proponents do not approve.

SoFi Bank consents to operating an infinite money glitch from Dec 2018 to April 2019 (Src: FINRA Enforcement / May 2, 2024)

What To Know:

We don't know

R.I.P. Robinhood Crypto

This means Bank of NY Mellon has $567.6 BILLION in maximum overdraft capacity at the DTC level⚠️

Holy shit.

It just occurred to me why Bank of NY Mellon has 264 DTCC accounts (nearly 1/3 of individual participant accounts)

When the whole squad lets BCG design their PFP

The root cause for these lawsuits against the CAT.

It has nothing to do with protecting your privacy...

And everything to do with the exposure of the largest Ponzi scheme in history.

DTCC to provide a new Outage or Cyber Event Hotline, available this coming Monday.

Reporting via participant portal to be released on Saturday (?) June 8th.

De-brokering™️ c2024

Adds 'published author' to resume

Just saw Bank of NY Mellon activated yet another account with the DTCC.

I was thinking 'gah, they must have over 20 accounts by now' - so I checked.

TWO HUNDRED AND SIXTY-FOUR.

One-third of the DTCC participant list...is now BNYM.

The countdown has started.

Four Weeks until the CAT

Looks like Citadel is about to go HAM in the OTC Market (again) - effective Monday⚠️

Looks like UBS is positioning themselves for insertion

The show ain't over folks

In the news today:

Not GameStop

The countdown has started.

Four Weeks until the CAT