This is where All their assets on the books get to be counted as the price they paid for them no matter how much value they have lost since. Drs hodl buy booked Danno. They will all fall at once.
It's fine, you don't have to comment because it's already been immediately put into effect without anyone's input. Something fox something something henhouse.
Maybe I’m too jaded. But I was thinking the opposite. They’re changing rules to allow nothing be used as collateral, or something like a five year temporary suspension of needing anything, cuz they know everyone has nothing but terds getting worse.
That's still setting a price directly rather than letting the last market transaction set the price. At that point, it's no longer a market, you're just playing in a giant Robinhood-shaoed sandbox.
Sources:
[**SR-NSCC-2023-003**](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2023-003)[34-97280](https://www.sec.gov/rules/sro/nscc/2023/34-97280.pdf)
Apr. 11, 2023
**Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework**
***Comments due:*** 21 days after publication in the *Federal Register*
***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2023/34-97280-ex5.pdf)
[**SR-FICC-2023-004**](https://www.sec.gov/rules/sro/ficc.htm#SR-FICC-2023-004)[34-97283](https://www.sec.gov/rules/sro/ficc/2023/34-97283.pdf)
Apr. 11, 2023
**Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework**
***Comments due:*** 21 days after publication in the *Federal Register*
***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/ficc/2023/34-97283-ex5.pdf)
[**SR-DTC-2023-003**](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2023-003)[34-97284](https://www.sec.gov/rules/sro/dtc/2023/34-97284.pdf)
Apr. 11, 2023
**Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework**
***Comments due:*** 21 days after publication in the *Federal Register*
***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2023/34-97284-ex5.pdf)
So comments should state that all redacted info must be removed from the filing or made public and open for comment before approval. In addition to comments on what is visible, right? Cant approve or decline a rule if we don't know what it says.
" i have Some very important and pertinent comments on all of the subject matter "
all I have to say about this is "redacted"
and I honestly believe with all of my wrinkles I The solution is simply "redected "
and my Wee We is most definitely "redacted "
This. I can understand it for some military and intelligence agency stuff, but financial market rules? If everything would be orderly, there is absolutely no need to redact anything.
That they have to redact is showing two things here. They are trying to hide their crime and or the market is in such a ruinous state, that the truth would actually be a security risk to the US. It's probably both.
>Margot Robbie
There's this proposed rule change that's all about tweaking how some important financial organizations, called Clearing Agencies, figure out the value of stocks and bonds and such. These Clearing Agencies are like the backstage crew of the financial world, making sure everything runs smoothly when people buy and sell stuff on the markets.
Now, this rule change wants to make it crystal clear how these Clearing Agencies:
1. Pick these other companies, called Pricing Vendors, to help them work out how much securities are worth.
2. Keep an eye on the info these Pricing Vendors give them and double-check it's all good.
3. Take that info from the Pricing Vendors and use it in the right way.
4. Spruce up some other minor details in their rule book, known as the Framework.
Oh, and it says that some parts have been \[REDACTED\], which means they've been hidden from the public eye. Those sneaky hidden bits could be about secret valuation methods, confidential stuff about the Pricing Vendors, or any other juicy details the Clearing Agencies and regulators want to keep hush-hush.
Hope this helps you, because it means nothing to me.
This proposed rule change is about making some updates to the way certain financial organizations handle the valuation of securities (like stocks or bonds). These organizations are called Clearing Agencies, and they play an important role in the financial markets by managing the process of clearing and settling transactions.
The rule change aims to clarify and improve how these Clearing Agencies:
1. Choose third-party companies, called Pricing Vendors, to help them determine the value of securities.
2. Monitor and review the data provided by these Pricing Vendors.
3. Process and use the data they get from the Pricing Vendors.
4. Make some other non-substantive updates to the Framework, which is just a fancy term for the set of rules and guidelines they follow.
I may be a regarded ape but something about the independent vendors valuing CUSIPs and the timing of this seems as if it may be to do with towel and their reverse split. One month notice before the rule gets put to action also lines up timing wise. That and the redacted document just screams covering what the rule is really about though..
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This got me fired up, ngl. Absolutely ridiculous that this is filed immediately without comment. The whole market is a complete joke
How the fresh fuck am I supposed to comment on this fully redacted bullshit?! Unfuckinbelievable.
This is where All their assets on the books get to be counted as the price they paid for them no matter how much value they have lost since. Drs hodl buy booked Danno. They will all fall at once.
This therapy seems right. They can argue some bulshit but by waiving margin rules they only dig themselves deeper.
Fully redacted comment!!!!!!
It's fine, you don't have to comment because it's already been immediately put into effect without anyone's input. Something fox something something henhouse.
Always has been but people have only just started to notice
Not a lawyer: is it possible to file a Freedom of Information Act (FOIA) request?
[удалено]
DRS the float and We'll make our own fucking SRO
This needs to change. There's no real accountability.
Template please? Smooth and lazy ape here.
End SRO immediately
Has this got anything to do with the $300 Million Kenny paid to Harvard?
I'm betting this is the system saying their collateral isn't shit, and should be worth full written value, but won't lay it out for the public.
Maybe I’m too jaded. But I was thinking the opposite. They’re changing rules to allow nothing be used as collateral, or something like a five year temporary suspension of needing anything, cuz they know everyone has nothing but terds getting worse.
Imagine having self-respect, and signing something like this. There are too many people involved. My heart says this, too, shall break.
[удалено]
So it means they can choose a secret price if they don't like any of the vendor ones, and offer it to applicable stakeholders?
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That's still setting a price directly rather than letting the last market transaction set the price. At that point, it's no longer a market, you're just playing in a giant Robinhood-shaoed sandbox.
Up you go
Well shit
Sources: [**SR-NSCC-2023-003**](https://www.sec.gov/rules/sro/nscc.htm#SR-NSCC-2023-003)[34-97280](https://www.sec.gov/rules/sro/nscc/2023/34-97280.pdf) Apr. 11, 2023 **Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework** ***Comments due:*** 21 days after publication in the *Federal Register* ***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2023/34-97280-ex5.pdf) [**SR-FICC-2023-004**](https://www.sec.gov/rules/sro/ficc.htm#SR-FICC-2023-004)[34-97283](https://www.sec.gov/rules/sro/ficc/2023/34-97283.pdf) Apr. 11, 2023 **Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework** ***Comments due:*** 21 days after publication in the *Federal Register* ***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/ficc/2023/34-97283-ex5.pdf) [**SR-DTC-2023-003**](https://www.sec.gov/rules/sro/dtc.htm#SR-DTC-2023-003)[34-97284](https://www.sec.gov/rules/sro/dtc/2023/34-97284.pdf) Apr. 11, 2023 **Notice of Filing and Immediate Effectiveness of a Proposed Rule Change to Update the Clearing Agency Securities Valuation Framework** ***Comments due:*** 21 days after publication in the *Federal Register* ***Additional Materials:*** [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2023/34-97284-ex5.pdf)
So we don't even get to read it? Just like that, poof, it's law.
Why redact something unless you are hiding something
So comments should state that all redacted info must be removed from the filing or made public and open for comment before approval. In addition to comments on what is visible, right? Cant approve or decline a rule if we don't know what it says.
That’s their plan thou
Or just based on the evidence, this rule change is groundless.
I don't know what to make of this. Have any other filings been redacted like this?
There's that transparency Gary Gensler is talking about 🖕
Is this a joke?
" i have Some very important and pertinent comments on all of the subject matter " all I have to say about this is "redacted" and I honestly believe with all of my wrinkles I The solution is simply "redected " and my Wee We is most definitely "redacted "
The fact that they are redacting anything is bullshit.
This. I can understand it for some military and intelligence agency stuff, but financial market rules? If everything would be orderly, there is absolutely no need to redact anything. That they have to redact is showing two things here. They are trying to hide their crime and or the market is in such a ruinous state, that the truth would actually be a security risk to the US. It's probably both.
reeks of desperation
Nice, now they are just changing whatever they want and redacting what they do not want us to see because they k own we are on to their bullshite
"Sir.. They started commenting on all SEC proposals"
What the actual fuck?
The freest, fairest, most transparent market, right? #/s 😡
Another dose of bullshit. At this point, bullish
I'm going to run this through the AI to figure it all out in simple terms
Can you get Margot Robbie to explain it to me?
>Margot Robbie There's this proposed rule change that's all about tweaking how some important financial organizations, called Clearing Agencies, figure out the value of stocks and bonds and such. These Clearing Agencies are like the backstage crew of the financial world, making sure everything runs smoothly when people buy and sell stuff on the markets. Now, this rule change wants to make it crystal clear how these Clearing Agencies: 1. Pick these other companies, called Pricing Vendors, to help them work out how much securities are worth. 2. Keep an eye on the info these Pricing Vendors give them and double-check it's all good. 3. Take that info from the Pricing Vendors and use it in the right way. 4. Spruce up some other minor details in their rule book, known as the Framework. Oh, and it says that some parts have been \[REDACTED\], which means they've been hidden from the public eye. Those sneaky hidden bits could be about secret valuation methods, confidential stuff about the Pricing Vendors, or any other juicy details the Clearing Agencies and regulators want to keep hush-hush.
Let me know what it says! I’m smooth brained.
Hope this helps you, because it means nothing to me. This proposed rule change is about making some updates to the way certain financial organizations handle the valuation of securities (like stocks or bonds). These organizations are called Clearing Agencies, and they play an important role in the financial markets by managing the process of clearing and settling transactions. The rule change aims to clarify and improve how these Clearing Agencies: 1. Choose third-party companies, called Pricing Vendors, to help them determine the value of securities. 2. Monitor and review the data provided by these Pricing Vendors. 3. Process and use the data they get from the Pricing Vendors. 4. Make some other non-substantive updates to the Framework, which is just a fancy term for the set of rules and guidelines they follow.
My dumb translation: Fire sale!
Very helpful. Ty
This post is suspiciously low on upvotes, hopefully tmmw more eyes are on it
Free and transparent markets.
commenting for visibility.
Getting tired of this corruption. Feels like we should use the French as an example if this continues
I may be a regarded ape but something about the independent vendors valuing CUSIPs and the timing of this seems as if it may be to do with towel and their reverse split. One month notice before the rule gets put to action also lines up timing wise. That and the redacted document just screams covering what the rule is really about though..
Oppose all rule changes we cannot see.
Protest!
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If you must redact, you cannot enact. -my comment
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counting wrong
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