by Ed Blount | Jan 17, 2022 | All, Commentary, Cross-Post
“The best trader I ever knew was broken when he took over a dying friend’s book. Everyone knew the book and turned on him.” Born in 1899, Henry Goldberg was the oldest trader on the floor of the New York Stock Exchange when I interviewed him in 1985. He answered...
by Ed Blount | Jan 5, 2022 | All, Commentary, Cross-Post, Disclosure Regimes
If the Securities and Exchange Commission approves the many industry requests for delay of its proposed 10c-1 reporting rule for securities loans, leaders in the Global Association of Securities Lending Associations (GASLA)[1] should move quickly to create a more...
by Ed Blount | Dec 14, 2021 | All, Commentary, Cross-Post, Disclosure Regimes
Excerpts from CSFME comment letter on proposed SEC Rule 10c-1, submitted 15 December 2021 “The Honorable Gary Gensler, Chairman, U.S. Securities and Exchange Commission: “With regard to the above-cited 10c-1 disclosure system, my colleagues and I consider...
by Ed Blount | Dec 6, 2021 | All, Commentary, Cross-Post, Formal Regulatory Remedies, Procedural Changes
A new disclosure data model has just been proposed by the SEC for U.S. securities lenders. Adoption of the model, called 10c-1 after the revised regulation, would be “one of the most drastic adjustments in the history of the securities lending industry,” writes...
by Ed Blount | Nov 27, 2021 | All, Commentary, Cross-Post, Disclosure Regimes
Make no mistake. The new 10c-1 disclosure proposal by the SEC is an Investor Protection Rule on steroids. It is also a profound escalation of regulatory support for Investor Self-Protection. Nothing less than a near real-time, stock loan ticker will result if enacted,...
