/u/Dismal-Jellyfish's posts in /r/Superstonk
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Wall Street is big mad about FINRA's Securities Lending and Transparency Engine (SLATE) Rule! The MFA petitioned FINRA to limit proposed securities loan reporting rules to what is mandated or face face a "chilling effect on short selling activity across the industry" Comment template inside post!
1483 upvotes
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FINRA 'discipline' Alert: From June 1997-June 2023, Pershing LLC failed to report MILLIONS of fractional share trades to the FINRA/Nasdaq Trade Reporting Facility, the Over-the-Counter Reporting Facility, & their predecessor. Penalty? Without admitting fault, a censure, $175k fine, transaction fees.
474 upvotes
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NY Fed Q2 Report on Household Debt & Credit: Total household debt rose by $109 billion to reach $17.80 trillion. Auto & credit card delinquency rates remain elevated--over the last year, approximately 9.1% of credit card balances and 8.0% of auto loan balances transitioned into delinquency.
460 upvotes
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