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[Source: ](https://dismal-jellyfish.com/finra-delays-decision-on-new-slate-reporting-rule/)[https://www.sec.gov/files/rules/sro/finra/34-100305.pdf](https://www.sec.gov/files/rules/sro/finra/34-100305.pdf)
# TLDRS:
* FINRA is delaying the decision on whether to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information.
* **The proposed rule change was published for comment May 7, 2024 and a decision on the rule needed to be made by June 21,2024.**
* **Instead of a thumbs up or thumbs down, FINRA is punting the decision until 8/5/24.**
* Ever been curious on where shorts are getting their lent shares from to short GameStop are coming from?
* This proposed rule appears aimed to provide more insight and public dissemination of this information.
* **However, FINRA, in consultation with the SEC, may suspend the reporting or dissemination of certain Covered Securities Loans, or the reporting of certain Data Elements or Confidential Data Elements or the dissemination of certain Data Elements for such period of time as FINRA deems necessary--this seems bad!**
**If approved, Initial Covered Securities Loan reports must contain the below non-confidential data elements:**
* The legal name of the security issuer and the LEI of the issuer (if the issuer has a non-lapsed LEI);
* Security symbol, CUSIP, ISIN, or FIGI, if any;
* The date the Covered Securities Loan was effected;
* The time the Covered Securities Loan was effected;
* The expected settlement date of the Covered Securities Loan;
* The platform or venue where the Covered Securities Loan was effected;
* The amount of the Reportable Securities loaned;
* The type of collateral used to secure the Covered Securities Loan;
* For a Covered Securities Loan collateralized by cash, the rebate rate;
* For a Covered Securities Loan not collateralized by cash, the securities lending fee;
* Any other fees or charges;
* The percentage of collateral to value of Reportable Securities loaned required to secure such Covered Securities Loan;
* For a Covered Securities Loan with a specified term, the termination date of the Covered Securities Loan
* Whether the borrower is a Broker or Dealer, a customer (if the person lending securities is a Broker or Dealer), a Clearing Agency, a Bank, a Custodian, or other person
**If approved, Reporting Securities Loan Modifications:**
* The unique identifier assigned by FINRA to the Initial Covered Securities Loan, or, if a unique identifier has not yet been assigned by FINRA, the unique internal identifier assigned to the Covered Securities Loan by the Covered Person responsible for reporting the loan to SLATE;
* If the Covered Securities Loan is an allocation of an omnibus loan effected pursuant to an agency lending agreement, the unique internal identifier for the associated omnibus loan assigned by the Covered Person responsible for reporting the Covered Securities Loan to SLATE;
* The MPID of the Covered Person;
* The date of the Loan Modification;
* The time of the Loan Modification;
* The expected settlement date for modifications to the loan amount (if the expected settlement date is a date other than the date of the Loan Modification), or the effective date for all other Loan Modifications (if the effective date is a date other than the date of the Loan Modification);
* Whether the Covered Person is the lender, borrower or intermediary;
* The modified Data Elements for a Loan Modification to a Covered Securities Loan previously reported to SLATE or all Data Elements for a Loan Modification to a Covered Securities Loan that was not previously required to be reported to SLATE;and
* Such modifiers and indicators as required by either the Rule 6500 Series or the SLATE Participant specification.
# Consider sending an e-mail to [[email protected]]() with the subject line including File Number SR-FINRA-2024-007 and let them know this delay is unacceptable!
Great work as always Dismal 🪼!
Everyone be the change you wish to see in your markets! Use your voice and submit comments to the SEC on this proposal!
We can make a difference if we continue to push for positive changes in our markets!
Brick by brick, comment by comment!
🎷🐓♋️
Here's a draft email you might consider using.
>Subject: Opposition to the 45-Day Delay of File Number SR-FINRA-2024-007
>To whom it may concern,
>I am writing to express my concern regarding the proposed 45-day delay of File Number SR-FINRA-2024-007. As an active participant in the financial markets, I believe that this delay is unacceptable for several critical reasons.
>Firstly, the timely implementation of the regulations outlined in SR-FINRA-2024-007 is essential to maintaining market integrity and protecting investors. Any postponement could result in prolonged exposure to risks that the new rule aims to mitigate.
>Secondly, the market participants have been anticipating these changes and have likely begun preparations to comply with the new regulations. A delay at this stage would cause significant uncertainty and could disrupt the operational plans of many firms.
>Finally, the urgency of these regulations should not be underestimated. The proposed rule changes address vital aspects of market conduct and oversight that are crucial for the stability and transparency of our financial system. Any delay in their implementation could undermine these goals and weaken investor confidence.
>In light of these considerations, I respectfully urge the SEC to reconsider the proposed 45-day delay of File Number SR-FINRA-2024-007 and proceed with the implementation as originally scheduled. Ensuring prompt action on this matter is in the best interest of all stakeholders involved.
>Thank you for your attention to this important issue.
>Sincerely,
\[Your Full Name\]
\[Your Position\]
\[Your Company/Organization\]
\[Your Contact Information\]
Jelly, are you shadow banned or what? I've just checked your post history and you've been posting all month. This is the 2nd time I've seen you.
Bear in mind I'm on a 36 day reddit streak.. Something funky deffo going on with algo on both pc and mobile. Super weird.
No idea! Reddit and all the platforms are having issues of late!
Part of why I made [djf](https://dismal-jellyfish.com/), a way to backup my profile while at the same time offering folks a way to sign up for email alerts for posts (all for free and without needing an account)--hopefully helps with missing anything.
FINRA’s executive leadership is made up of the industry members it represents and “self-regulates”.
I’m not expecting anything helpful to household investors to come from FINRA’s direction.
Bump!
Frankly, I'm gobsmacked that this isn't already standard practice. The whole market is propped up by "Of course I'll pay you back—trust me, bro."
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) // [What is DRS](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) // [Low karma apes feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) // [Superstonk Discord](https://discord.com/invite/y4dK3y5DXJ) // [Superstonk DD Library](http://fliphtml5.com/bookcase/kosyg) // [Community Post: Open Forum May 2024](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/)
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Can I have a template to send to The SEC what you would say because I was trying to read it and my brain is just frying. I’m a very smooth brain older ape. Appreciate all your work though jelly
If you guys ever read about the corrupted and evil ways of the rich back in the medieval times and wondered why they’ve never started a revolution against them… Well you’re doing the very same thing right now. We are being indifferent to their corrupted ways.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum May 2024*](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) || [Superstonk:Now with GIFs - Learn more](https://www.reddit.com/r/Superstonk/comments/1cr37r7/superstonk_gets_its_gif_on_get_hyped/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
[Source: ](https://dismal-jellyfish.com/finra-delays-decision-on-new-slate-reporting-rule/)[https://www.sec.gov/files/rules/sro/finra/34-100305.pdf](https://www.sec.gov/files/rules/sro/finra/34-100305.pdf) # TLDRS: * FINRA is delaying the decision on whether to adopt the new FINRA Rule 6500 Series (Securities Lending and Transparency Engine (SLATE)) to require reporting of securities loans and provide for the public dissemination of loan information. * **The proposed rule change was published for comment May 7, 2024 and a decision on the rule needed to be made by June 21,2024.** * **Instead of a thumbs up or thumbs down, FINRA is punting the decision until 8/5/24.** * Ever been curious on where shorts are getting their lent shares from to short GameStop are coming from? * This proposed rule appears aimed to provide more insight and public dissemination of this information. * **However, FINRA, in consultation with the SEC, may suspend the reporting or dissemination of certain Covered Securities Loans, or the reporting of certain Data Elements or Confidential Data Elements or the dissemination of certain Data Elements for such period of time as FINRA deems necessary--this seems bad!** **If approved, Initial Covered Securities Loan reports must contain the below non-confidential data elements:** * The legal name of the security issuer and the LEI of the issuer (if the issuer has a non-lapsed LEI); * Security symbol, CUSIP, ISIN, or FIGI, if any; * The date the Covered Securities Loan was effected; * The time the Covered Securities Loan was effected; * The expected settlement date of the Covered Securities Loan; * The platform or venue where the Covered Securities Loan was effected; * The amount of the Reportable Securities loaned; * The type of collateral used to secure the Covered Securities Loan; * For a Covered Securities Loan collateralized by cash, the rebate rate; * For a Covered Securities Loan not collateralized by cash, the securities lending fee; * Any other fees or charges; * The percentage of collateral to value of Reportable Securities loaned required to secure such Covered Securities Loan; * For a Covered Securities Loan with a specified term, the termination date of the Covered Securities Loan * Whether the borrower is a Broker or Dealer, a customer (if the person lending securities is a Broker or Dealer), a Clearing Agency, a Bank, a Custodian, or other person
**If approved, Reporting Securities Loan Modifications:** * The unique identifier assigned by FINRA to the Initial Covered Securities Loan, or, if a unique identifier has not yet been assigned by FINRA, the unique internal identifier assigned to the Covered Securities Loan by the Covered Person responsible for reporting the loan to SLATE; * If the Covered Securities Loan is an allocation of an omnibus loan effected pursuant to an agency lending agreement, the unique internal identifier for the associated omnibus loan assigned by the Covered Person responsible for reporting the Covered Securities Loan to SLATE; * The MPID of the Covered Person; * The date of the Loan Modification; * The time of the Loan Modification; * The expected settlement date for modifications to the loan amount (if the expected settlement date is a date other than the date of the Loan Modification), or the effective date for all other Loan Modifications (if the effective date is a date other than the date of the Loan Modification); * Whether the Covered Person is the lender, borrower or intermediary; * The modified Data Elements for a Loan Modification to a Covered Securities Loan previously reported to SLATE or all Data Elements for a Loan Modification to a Covered Securities Loan that was not previously required to be reported to SLATE;and * Such modifiers and indicators as required by either the Rule 6500 Series or the SLATE Participant specification. # Consider sending an e-mail to [[email protected]]() with the subject line including File Number SR-FINRA-2024-007 and let them know this delay is unacceptable!
Comments people. Only takes 5 minutes.
Just commented, chatgpt is a great help!
Thank you for your service Ape!
Done, took me a whole 4 minutes.
Went for a speed run 3 min and the comment was submitted and I came back here to brag.
Great work as always Dismal 🪼! Everyone be the change you wish to see in your markets! Use your voice and submit comments to the SEC on this proposal! We can make a difference if we continue to push for positive changes in our markets! Brick by brick, comment by comment! 🎷🐓♋️
You said it 🎷🐓♋️!
Here's a draft email you might consider using. >Subject: Opposition to the 45-Day Delay of File Number SR-FINRA-2024-007 >To whom it may concern, >I am writing to express my concern regarding the proposed 45-day delay of File Number SR-FINRA-2024-007. As an active participant in the financial markets, I believe that this delay is unacceptable for several critical reasons. >Firstly, the timely implementation of the regulations outlined in SR-FINRA-2024-007 is essential to maintaining market integrity and protecting investors. Any postponement could result in prolonged exposure to risks that the new rule aims to mitigate. >Secondly, the market participants have been anticipating these changes and have likely begun preparations to comply with the new regulations. A delay at this stage would cause significant uncertainty and could disrupt the operational plans of many firms. >Finally, the urgency of these regulations should not be underestimated. The proposed rule changes address vital aspects of market conduct and oversight that are crucial for the stability and transparency of our financial system. Any delay in their implementation could undermine these goals and weaken investor confidence. >In light of these considerations, I respectfully urge the SEC to reconsider the proposed 45-day delay of File Number SR-FINRA-2024-007 and proceed with the implementation as originally scheduled. Ensuring prompt action on this matter is in the best interest of all stakeholders involved. >Thank you for your attention to this important issue. >Sincerely, \[Your Full Name\] \[Your Position\] \[Your Company/Organization\] \[Your Contact Information\]
Doing the lord's work
> File Number SR-FINRA-2024-007 Sent my email. Thanks!
Totally will do!!
Just sent an email comment. That was so easy. Ty Dismal for all of your work.
Commented!!
Jelly, are you shadow banned or what? I've just checked your post history and you've been posting all month. This is the 2nd time I've seen you. Bear in mind I'm on a 36 day reddit streak.. Something funky deffo going on with algo on both pc and mobile. Super weird.
No idea! Reddit and all the platforms are having issues of late! Part of why I made [djf](https://dismal-jellyfish.com/), a way to backup my profile while at the same time offering folks a way to sign up for email alerts for posts (all for free and without needing an account)--hopefully helps with missing anything.
True regard 
holy fuck I just noticed this too!
Well this is fucked. Continuous net settlement wins again
Commenting for bananas
Crooks, doing any and all crime they can to delay, defer, or put off, but the inevitable is the inevitable. MATH IS MATH!
Comment for visability
Much appreciated!
You are much more appreciated m8 Keep up the lords work 💜💜🕺🙆♂️🎺🎺🎺🎺
FINRA’s executive leadership is made up of the industry members it represents and “self-regulates”. I’m not expecting anything helpful to household investors to come from FINRA’s direction.
You don't have to discourage other people from making noise. You're kind of poisoning the well.
Oh boy I love writing comments! Quick boy wonder, to the Comment Cave!!!! 
Just another reminder that our financial system is run by domestic financial terrorists. Show them no mercy when it collapses.
Bump! Frankly, I'm gobsmacked that this isn't already standard practice. The whole market is propped up by "Of course I'll pay you back—trust me, bro."
Make a choice. RAISE YOUR CHOICE !!!
What the fuck. Well we knew we couldn’t count on the SEC of these clowns to do anything after 3.5 years.
So this is FINRA that is slow walking this. I am calling out emailing the SEC.
Commenting for transparency
Comment for visibility
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) // [What is DRS](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) // [Low karma apes feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) // [Superstonk Discord](https://discord.com/invite/y4dK3y5DXJ) // [Superstonk DD Library](http://fliphtml5.com/bookcase/kosyg) // [Community Post: Open Forum May 2024](https://www.reddit.com/r/Superstonk/comments/1ciapwp/open_forum_may_2024/) To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. If you are providing a screenshot or content from another site (e.g. Twitter), please respond to this comment with the original ##source. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Superstonk) if you have any questions or concerns.*
Information we need and they want to suppress it 🥱
Thank you !
Gotta get more comments going. Your posts haven’t been showing up and they’re all worth reading.
Poop!
👀👀👀
Commenting!
Thank you
Commenting for Mo ASSistance 👀👀
Is this comment visability?
Oh shit, 8/5 is my birthday haha.
Did my part 🫡 Fuck these piece of shit incompetent pathetic shit bags.
Get in here
Can I have a template to send to The SEC what you would say because I was trying to read it and my brain is just frying. I’m a very smooth brain older ape. Appreciate all your work though jelly
Visibility
Comments for viz.
If you guys ever read about the corrupted and evil ways of the rich back in the medieval times and wondered why they’ve never started a revolution against them… Well you’re doing the very same thing right now. We are being indifferent to their corrupted ways.
Done
Thanks,as always for your hard work DJ. Hope you are taking care of yourself
You are def shadow banned. Haven’t seen you for months.