dChan
Anonymous ID: 33dcdb May 6, 2021, 12:17 p.m. No.51349   🗄️.is đź”—kun   >>1408 >>1417 >>1418

U.S. SEC chair tells Congress he plans new rules on climate risk, trading

 

The new chair of the U.S. securities regulator told lawmakers on Thursday the agency was considering new trading rules to address issues raised by this year’s GameStop Corp trading saga and the meltdown of private fund Archegos Capital.

 

Gary Gensler also told the House of Representatives Financial Services Committee, just three weeks after being sworn in as Securities and Exchange Commission (SEC) chair, that he expected to propose new rules on corporate climate risk disclosures in the second half of 2021.

 

Democrats are pressing Gensler to take a tough stance on Wall Street after Gamestop’s fierce rally in January, fueled by bullish online posts on Reddit, and the March implosion of New York-based family office Archegos, exposed gaps in the SEC’s rules. They also want the SEC to implement President Joe Biden’s agenda to incorporate the physical and business risks posed by climate change into financial rules. “It is critical for our cops on the block at the SEC to protect investors and ensure our markets are transparent and fair,” said Maxine Waters, the committee’s Democratic chair. Gensler said in prepared testimony that new trading rules being considered included: greater disclosure on short selling, a strategy used to bet a stock will fall; more transparency for securities lending, which underpins short-selling; and new reporting rules for the complex equity swaps that felled Archegos.

 

Gensler said he had asked SEC staff to draft a request for public input into how trading apps enticed retail customers with features such as points, rewards and competitions, a tactic that made trading seem more like a game, known as “gamification”.

 

Gensler, who developed a reputation for being tough on Wall Street when he ran the derivatives regulator from 2009 to 2014, said the incident was “not good for millions of investors.” When was this nao?? Hilarious!!

 

He said the agency would review whether there was sufficient competition in the retail market, while SEC staff were also working on a proposal to expedite the two-day settlement process to reduce system risks. The GameStop episode was followed in March by the meltdown of Archegos, whose stock bets turned sour and left the fund and banks that financed its trades with about $10 billion in losses. Gensler said the agency was gathering feedback from investors on new rules for corporate climate risk disclosures, adding that any regulatory changes would likely require a lengthy rule-making process. A formal climate risk disclosure proposal would likely be published later in the year, he said.

https://www.reuters.com/article/usa-congress-gamestop/update-1-u-s-sec-chair-tells-congress-he-plans-new-rules-on-climate-risk-trading-idUSL1N2MT20X

 

All this fugger did wuz talk at CFTC

Anonymous ID: 33dcdb May 6, 2021, 12:47 p.m. No.51359   🗄️.is đź”—kun   >>1408 >>1417 >>1418

San Diego Spending $5M in Taxpayer Money to Give Lawyers to Illegal Aliens

 

San Diego County, California, will spend $5 million to provide taxpayer-funded lawyers to illegal aliens in federal custody to help them fight their deportations.

 

This week, San Diego’s Board of Supervisors approved a one-year pilot program that will cost taxpayers about $5 million to reward illegal aliens with free legal representation so they can fight their deportations in court. The 3-2 vote orders work to begin on a $5 million, one-year pilot program administered through the county’s public defender’s office. It would provide lawyers for free to those detained at Otay Mesa Detention Center, the local federal immigration detention facility. [Emphasis added]

 

County staff have 90 days to report back on a plan to fund and operate the program permanently in partnership with immigrant defense and non-profit groups. While dozens of Democrat-controlled localities have adopted taxpayer-funded programs to provide free lawyers to illegal aliens fighting deportation, San Diego County would be the first jurisdiction along the United States-Mexico border to adopt such a measure.

 

Already, San Diego County has a rigid sanctuary policy that shields criminal illegal aliens from arrest and deportation. More than a year ago, Immigration and Customs Enforcement (ICE) officials accused San Diego County of hiding details on illegal aliens charged with child abuse.

https://www.breitbart.com/politics/2021/05/05/san-diego-free-lawyers-for-illegal-aliens/

Anonymous ID: 33dcdb May 6, 2021, 4:04 p.m. No.51371   🗄️.is đź”—kun   >>1403 >>1408 >>1417 >>1418

Not AF1 Joe leavin' New Orleans

>>51361

82-8000 USAF 747 departed New Orleans Int'l Airport en

09-0017 USAF C-32A departed Jackson, MS after ground stop and held for Not AF1 Joe in 82-8000

>>51227 pb

SAM356 USAF G5 KAF AC of interdast appears heading nw over Bahamas (dropped from scope earlier today heading se) heading back to it's departure point of MacDill AFB

RCH795T USAF C-17 Globemaster departed Lake Charles, LA ne

Anonymous ID: 33dcdb May 6, 2021, 5:14 p.m. No.51400   🗄️.is đź”—kun   >>1408 >>1417 >>1418

Japan to expand, extend COVID-19 state of emergency

 

The Japanese government is set Friday to expand the ongoing COVID-19 state of emergency beyond Tokyo and the Osaka region and extend it to the end of May in a bid to bring down infection cases and ease the strain on hospitals.

 

Restrictions, including a ban on eating establishments serving alcohol and requests for department stores and movie theaters to temporarily close, had been slated to end next Tuesday. Prime Minister Yoshihide Suga is expected to finalize the decision to add Aichi and Fukuoka prefectures from Wednesday and push back the end date at a task force meeting in the evening after getting approval from experts in infectious diseases and other fields.

 

The state of emergency has been in place in Tokyo, set to host the Summer Olympics in less than three months, as well as Osaka, Kyoto and Hyogo since April 25, with targeted steps aimed at curbing the spread of the coronavirus during the Golden Week holidays.

 

Restaurants and bars have been prohibited from serving alcohol or offering karaoke services and told to close by 8 p.m. with a fine of up to 300,000 yen ($2,750) for noncompliance. Services on public transportation have been scaled down, and businesses are being encouraged to have employees work from home. The government plans to ease some restrictions to mitigate the damage to the world's third-largest economy, officials said.

 

Large commercial facilities such as department stores will be allowed to reopen with shorter hours, while a ban on spectators at large events such as sports games will be replaced with a cap of 5,000 people or 50 percent of a venue's capacity.

 

Suga has stressed the state of emergency, the third since the start of the pandemic, has been successful in reducing the number of people out and about.

https://mainichi.jp/english/articles/20210507/p2g/00m/0na/002000c