The Trade-through Rule guarantees that investors do not receive prices on their securities trades that are inferior to those available elsewhere. But today, the SEC took another step to increase costs for investors by proposing to rescind the rule. Link in the comments.
Join Dennis Kelleher live as he answers your questions about the SEC's proposed rule to cut your market information in half: reddit.com/r/IAmA/s/iDqG6qJ2…
Have a question about what the SEC's reckless new proposed rule to end quarterly reporting means for you and your future? Or how it will further rig the system? Ask Better Markets' President, CEO, and Co-Founder Dennis Kelleher today at 6 ET on the subreddit r/IAmA.
ALT Dennis Kelleher smiles, holding a piece of paper identifying himself.
The CFTC continues to act as the prediction markets industry's biggest cheerleader. The CFTC's new proposed rules would allow prediction markets to continue enabling gambling on just about anything under the guise that they are financial derivatives. Link in the comments.
The FDIC’s GENIUS Act proposal would import all the risks of crypto into the mainstream U.S. banking system without the necessary rules to apply prudent standards to these risky products. This reckless proposal would endanger America's deposit insurance system. See comments.
The SEC's proposal to end quarterly reporting would leave retail investors in the dark, and the current comment period of 60 days is not enough time for retail investors to comment on a change of this magnitude. The SEC should extend the comment period. Link in the comments.
SCOTUS’s decision today in Sripetch v. SEC is a huge win for investors and the public interest. The Court recognized, as we have said, that financial fraudsters should not be able to profit from their wrongdoing. Link in the comments.
One week ago, the CFTC sided with the defendant in one of its enforcement actions against its own staff. Now, the CFTC has done away with its policy of preventing defendants from settling enforcement actions while denying the allegations. Link in the comments.
AI is changing everything. Today, our Director of AI, Innovation, and Economic Opportunity, Evan LeFlore, unveiled a people-centered AI agenda to ensure AI strengthens the lives and livelihoods of families, small businesses, and communities. Link in the comments.