It is notable that President Biden chose a securities/CFTC lawyer to head a major banking agency.

Much of the substance of the FICC proposals is simply a reiteration of SEA ; (i.e., stating the transactions to which the clearing mandate applied and the counterparties that would be exempt from the clearing mandate.)  

One point of clarification made in the proposing release is that a bank that is a FICC member is required to abide by the clearing mandate as to transactions entered into by every branch of the bank; the bank can not take the position that only certain…

Currently, FINRA and a number of State regulators expect financial intermediaries to take measures to delay transactions ordered by elderly account holders if the intermediaries have reason to believe that the transactions are the result of trickery or pressure. However, in many cases, there is no clear legal authority for the intermediaries to fail to execute the account holders' instructions. Accordingly, if there is agreement that such delays are beneficial in protecting elderly account…

reports the current market capitalization of the LGBCoin as $0.  has the LGBCoin trading volume at just over $23,000 a day. The on the coin has 31 members. The  does not suggest that purchasers will make money. In fact, the site contains the following message in fairly large letters: "Let's Go Brandon has no intrinsic value and you should not purchase it with any expectation that you will be able to resell it. Please do not spend money that you cannot afford."

Why…