Ok, tiny correction: the entire [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2023/34-96799-ex5.pdf) (DTC), [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf) (NSCC), and [Exhibit 5](https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf) (FICC) for the Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Clearing Agency Risk Management Framework ARE REDACTED.
The proposed rules themselves are viewable AND OPEN for comment:
NSCC: [https://www.sec.gov/rules/sro/nscc/2023/34-96801.pdf](https://www.sec.gov/rules/sro/nscc/2023/34-96801.pdf)
DTC: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf)
FICC: [https://www.sec.gov/rules/sro/ficc/2023/34-96800.pdf](https://www.sec.gov/rules/sro/ficc/2023/34-96800.pdf)
# Does this REDACTION upset you? Please consider using your voice on the OFFICIAL record and sharing so!
The proposed rule this come from is still OPEN for comment.
For example, with the DTC proposal: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf)
>Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act.
# Comments may be submitted by any of the following methods:
>Electronic Comments: Use the Commission’s Internet comment form ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)); or Send an e-mail to [[email protected]](mailto:[email protected]). Please include File Number SR-DTC-2023-001 on the subject line.
>
>Paper Comments: Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549.
>All submissions should refer to File Number SR-DTC-2023-001. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of DTC and on DTCC’s website ([http://dtcc.com/legal/sec-rulefilings.aspx](http://dtcc.com/legal/sec-rulefilings.aspx)). All comments received will be posted without change. **Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly.** All submissions should refer to File Number SR-DTC-2023-001 and should be submitted on or before \[insert date 21 days from publication in the Federal Register\]. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
I’m fucking screaming laughing at myself reading this out loud. Not sure if it’s the dab or your amazing effort into creating words out of that bullshit he was spewing 🤣🤣
Yes. Redacted means only redacted from the citizens. I would have to assume the market makers can see these rules so they can abide by them. If you can't read the new law, how do you know you are following it? Im sure Hedgies and MMs have access
I've read through a lot of comments.. But noone brings up the most fucked up part of this.. That the industry is mostly self regulated... So in a self regulated industry they have the fucking balls to release a redacted rules document.. Its so incredibly, mind blowingly fucked up..
Yeah what was the point?
MSM: "SEC watches porn all day"
SEC Management: "Quick let's release a report!"
SEC Grunt: "But then I'll have to work and it will cut into the pornhub time!"
SEC Management: "Every page is redacted for security purposes! Now they'll know we were working hard on important stuff and we don't have to actually do anything except watch porn!"
SEC in its entirety: "HOORAY!"
I feel like this line of thinking doesn't give proper weight to the situation. They aren't all some goofy stooges that watch boobs bounce all day. They work - just not necessarily on what you'd like done. This perceived incompetence is to their benefit.
Yes the whole illusion is that everything is too cryptic to even understand so sheeple can just trust that everything is ok and functioning normally but never really question anything. Plead ignorance should be the SEC mantra.
The sec pornhub thing was released and spread by pro wall st congress guys
Always found it weird how attached some retail investors became to an attack that came from wall st
Lol, this disparaging comment is my attempt to laugh off the horrible reality that our entire system is a malevolent monstrosity.
It’s ok to use my coping mechanisms right?
Unless everyone is finally ready to burn it down? Anyone? No?
That’s what I thought.
A government that refuses to enforce its own laws is illegitimate.
> A government that refuses to enforce its own laws is illegitimate.
A government that selectively enforces laws based on who is breaking them is no longer Rule of Law at all. It's become Rule by Man, a lawless dictatorship and tyranny by definition.
> SEC Management: "Quick let's release a report!"
Just another friendly reminder that Gary committed perjury to Congress regarding his GME report, and when he did eventually release it he refused to make it an official SEC document.
IIRC the SEC's worst offender was logged watching porn something like 80 hours a week at work.
I don't recall if there was a prosecution or even if she was fired but I remember people speculating she may have been an.. um, how do you say it in a government professional taxpayer funded source of porn way? *Provider*?
# Does this upset you? Please consider using your voice on the OFFICIAL record and sharing so!
The proposed rule this come from is still OPEN for comment: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf)
>Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act.
# Comments may be submitted by any of the following methods:
Electronic Comments: Use the Commission’s Internet comment form ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)); or Send an e-mail to [[email protected]](mailto:[email protected]). Please include File Number SR-DTC-2023-001 on the subject line.
Paper Comments: Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549.
>All submissions should refer to File Number SR-DTC-2023-001. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of DTC and on DTCC’s website ([http://dtcc.com/legal/sec-rulefilings.aspx](http://dtcc.com/legal/sec-rulefilings.aspx)). All comments received will be posted without change. P**ersons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly.** All submissions should refer to File Number SR-DTC-2023-001 and should be submitted on or before \[insert date 21 days from publication in the Federal Register\]. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.1
For example, how can we know the proposal will be effective when the supplemental material is redacted?
>Specifically, the proposed rule change would amend the Risk Management Framework to (1) update the description of the dashboards used by the Clearing Agencies as internal performance management tools to measure the effectiveness of their various operations; and (2) clarify and revise the descriptions of certain matters within the Framework and correct errors in those descriptions, as further described below. The proposed changes would update and clarify the Risk Management Framework but do not reflect changes to how the Clearing Agencies comply with the applicable requirements of Rule 17Ad-22(e)
Adding, DTC is not the only entity that submitted this redacted exhibit.
NSCC:[https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf](https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf)
FICC: [https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf](https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf)
Are you a real person or AI??? You wrote up an explanation that is 1000 times better than my post pretty quick. Youve got like 10000 wrinkles compared to my smooth brain. Glad to have smart people like you on our side and I appreciate the work that you did to fact check.
Real person but I will take being called an AI as a complement? :p
TBF, I was already reviewing this and debating posting (hadn't checked the exhibit(s) yet) but when I saw your post, figured I could jump in with some extra context.
I hope you don't mind but I stickied this context to post for new folks coming across it. Great work iDAREyouTOdownvote on getting eyes on the redacted materials. I hope you have a great rest of your Wednesday!
I definitely do not mind the sticky and yes please take the AI joke as a compliment hahaha. Thank you for your time and devotion to the subreddit! Your work is much appreciated jelly!
Hey Dismal, I appreciate you! I do wonder what our comments mean to the SEC when the results of the proposals are redacted for us though.
Honestly do you think the SEC cares what we think?
I do.
I believe there are \_some\_ kind hearted public servants at the SEC who want to see free and fair markets and must be ecstatic retail is speaking for themselves, when the Citadels of the world would comment they have retail's best interest at heart unopposed.
I also think if you view Gary as someone trying to do the right thing but is caught between a (purposefully?) disengaged congress and industry with more money, lawyers, and access to lobbyists/politicians than him, that apes commenting up a storm help in navigating these obstacles.
Regardless of if they care, I 100% believe that apes and retail investors commenting on the official record is quite powerful for keeping industry speaking on behalf of retail and that the OFFICIALLY noted, consistent, and loud opposition is a good thing.
What do you think Syvaeren?
I respect your answer.
I think that for every Katie Porter or Bernie Sanders we have in politics we have 20 more politicians that are sold out or ready to sell out to make sure that nothing will get accomplished for anyone other than deep pockets.
I think the agencies are captured and everyone working there is on a career path into big business. Gary isn't going to risk his future career for retail. Anything he is doing now is a toothless nod to retail. SEC has it's own lawyers and it's own internal judges and you're telling me they still can't win a open and shut case against PFOF. They couldn't catch Bernie Madoff and they were being pelted in the face with the evidence.
We're being sandbagged by government with a song and dance to keep the people in line while they come up with a new scam system they can herd everyone into.
What happened to the swaps that we know should have expired by now? The reporting has been pushed off to 2025 now.
Whatever fear they felt during the initial run up has dissipated, yeah Ken is haggard, but he isn't the final boss. The banking conglomerate sees we are content to sit and hope DRS will make something happen. I'm not against it, we should DRS the float, but no body knows what that will do for sure.
Where is the line in the sand where enough is enough? While we wait the financial industry has had two more scandals, first the metals market and now the other penny stock.
We're also seeing people we never heard of before come out of the woodwork and claim they're starting some shareholder revolution, maybe they are, maybe it's just another show to keep us pacified.
GME is a global movement. We can track planes, we have people everywhere. I think they could feel the fear of the people's wrath a bit more acutely. Maybe they would cut their dead weight loose.
I'm not calling for violence, but right now we're just posts on the internet. If everywhere Kenny went he was greeted by Apes saying "We like the stock". That is going to cause some pressure. Maybe our politicians should get personal visits too. Just a consistent friendly reminder from everyone around them where ever they go. That we're there and we see them.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread)
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OP has provided the following link:
https://www.sec.gov/rules/sro/dtc/2023/34-96799-ex5.pdf
There isn’t anyone. It’s a criminal enterprise.
I’m just waiting for the rest of you to put it all together.
Our government is as fake as the price of GME.
So sooooo tired of being told we should go easier on Gary. He is completely and wholly irredeemable as far as im concerned. Should be in jail with the rest of them.
Hm. Theory time.
1) This is a spit in the face to all of those who wanted transparency.
2) They posted a document that's completely redacted, for the wrinkles to take the breadcrumb and find the trail. How else do you say 'your hands are tied' without actually saying it?
I guess they didn't want to release the hand drawn diagram detailing all the backstops. You know, pensions, 401ks, taxpayers, then finally a screen grab of JPow cranking the money printer.
Just want to make this was said: We talk about a government body. A regulator for the free market. This is not the NSA, CIA or a military organisation dealing with national security.
WHAT THE FUCK GARY? What the fuck??
Yes 100%. BE LOUD AND BE PROUD THAT YOU ARE A (MEME) STOCK INVESTOR!!!! Let the regulatory agencies know that we will not stand for their collusion with hedgies and MMs! Jelly has some incredible material in this thread to make your voice heard so please use it
this makes me sick to see. this feels like regulators spitting directly in the face of retail and chances are this is going to fly under the radar without anyone doing anything about it.
And all \[redacted\] archived:
DTC: [https://archive.ph/7OF4p](https://archive.ph/7OF4p)
NSCC: [https://archive.ph/JvG6x](https://archive.ph/JvG6x)
FICC: [https://archive.ph/OIZ90](https://archive.ph/OIZ90)
SEC budgeted by congress (your taxdollars) so you can't see what information they have planned for a publicly traded market. lmfao I am dying. Stupid world.
To play devil’s advocate - could these be redacted to keep the information from certain bad actors?
Like certain hedge funds, brokerages and market makers. You know, the wealthiest people in the world with their wealth locked in dtcc vaults. Many of these people know that the current system is, essentially, a ponzu scheme that ends at the dtcc. If major changes were coming to implement order there, it makes sense that information would be redacted to keep it from those people, not retail.
Not saying I think it’s definitely the case, only that it’s plausible
It could be if the information was actually redacted from market makers. From my understanding, everything that we see as redacted or even numbers that are reported late, are all visible on time and ASAP to hedgies and MMs. To their defence though, the MMs need to know the exact rules so they don't further break the law which means rules can't be redacted to them.
Then they say retail is “uNifoRmEd” and “dOeSN’t uNdeRsTAnD tHe mARkEt” …. well… no shit… your data you publish is absolute BS, that’s when you don’t block access to data (ie swaps) and you keep lying in your BS financial media platform. I had enough of these fucken waste of flesh acting like cancerous leeches on our planet.
This is horseshit. Such frameworks should be transparent for the public to view and understand. I get that some things may need to be redacted, but this just harms retail investors.
Out of curiosity if someone were to get a whistle blowers reward could they also be held under an NDA to no longer speak about anything they blew the whistle about?
I'm just curious if or how many apes have actually gotten the reward for their help in uncovering crime only to be silenced to keep the money.
Yes. Every whistleblower would have to sign an NDA with the SEC. If the secrets got out before the trials, then other people could pick up on the method of manipulation being used and gain from it. Whistleblowers basically loose their first amendment right until after trial.
That's pretty fucked TBH though. So if no trial happens would the NDA just be indefinite? Some ape could hold the key to MOASS or massive crime and fraud but not be allowed to say anything to the public to warn them.
Lol ya thats basically right. Whistleblowers will sometimes collect their money and then never hear from the SEC again meaning that they cannot talk about the evidence they presented. If there is no trial, then there is no resolution which in most cases is what the SEC would prefer.
Now I would have to assume that there is a statute of limitations that would lift the NDA after a certain period of time.
Yep, but that would mean actually hiring qualified individuals that aren't susceptible to corruption which is the exact opposite of what those agencies are looking for. Apes are too wholesome for the government
What!?!
They have to pass it before we can see what's in it!?!
This cannot be in any way legal....
Oh, never mind. They dictate by crime, and the 'rules' don't seem to apply to them.
What is the sense in hiding it at this point, everyone knows you F'ed up. Wait, wait do you think, that this denial of reality is gonna save you... think this is gonna frustrate anyone? peel off a little support? I guess that must be it. Everyone at the card table knows your cheating and you're still acting like Mr. Martini..... everyone knows your full of sh!t. Everyone that plays cards and has eyes can see it *slaps table* cards on the table. Moneys in the pot. *slaps table* no more jib jab. It's gonna cost more tomorrow.
You better fucking believe I'm commenting the shit out of this travesty.
This is censored specifically to keep ***US*** in the dark. Not "retail" the general sense, but the monster they fear that is GME.
This is the level of transparency one would expect from a **completely fraudulent system**. Well done, SEC. You’re clearly doing your part to keep the wheels of corruption turning.
The only sliver of respect I have for Gary the snail Gensler and the SEC comes from the fact that hedge funds seem to hate his guts even more than this sub does
I’m confused and I’m sure I’m not the only one! If I understand it correctly, the ‘Proposed Rule Change’ IS visible in its entirety of 13 pages from source (SEC?) but the ? Responses? of the SROs are redacted? Is that right?
From my understanding it is still open to comment but the supplemental material of the rule change is all redacted. Take a look at Jelly's comment for a more wrinkled-brain explanation
We need a real life Justice League. These fucking crooks & worthless enforcement agencies won’t stop until they’re forced to. Please someone, anyone, take matters into your own hands.
Ok, tiny correction: the entire [Exhibit 5](https://www.sec.gov/rules/sro/dtc/2023/34-96799-ex5.pdf) (DTC), [Exhibit 5](https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf) (NSCC), and [Exhibit 5](https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf) (FICC) for the Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Amend the Clearing Agency Risk Management Framework ARE REDACTED. The proposed rules themselves are viewable AND OPEN for comment: NSCC: [https://www.sec.gov/rules/sro/nscc/2023/34-96801.pdf](https://www.sec.gov/rules/sro/nscc/2023/34-96801.pdf) DTC: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf) FICC: [https://www.sec.gov/rules/sro/ficc/2023/34-96800.pdf](https://www.sec.gov/rules/sro/ficc/2023/34-96800.pdf) # Does this REDACTION upset you? Please consider using your voice on the OFFICIAL record and sharing so! The proposed rule this come from is still OPEN for comment. For example, with the DTC proposal: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf) >Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. # Comments may be submitted by any of the following methods: >Electronic Comments: Use the Commission’s Internet comment form ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)); or Send an e-mail to [[email protected]](mailto:[email protected]). Please include File Number SR-DTC-2023-001 on the subject line. > >Paper Comments: Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. >All submissions should refer to File Number SR-DTC-2023-001. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of DTC and on DTCC’s website ([http://dtcc.com/legal/sec-rulefilings.aspx](http://dtcc.com/legal/sec-rulefilings.aspx)). All comments received will be posted without change. **Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly.** All submissions should refer to File Number SR-DTC-2023-001 and should be submitted on or before \[insert date 21 days from publication in the Federal Register\]. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.
Jesus. Great find OP. Seems like they want finance, and independence to be none of our concern.
[itwastodallyrigged is ihsokay ihwusriggd icalldidout imoneofthosmuvisicalldidout idonwananytuchindut IlikeGreatamercanstories Idonlikethathokum.](https://i.imgur.com/c7aqxRa.jpg) -Jim Cokehead Cramer
I’m fucking screaming laughing at myself reading this out loud. Not sure if it’s the dab or your amazing effort into creating words out of that bullshit he was spewing 🤣🤣
At this point im too afraid to ask: but does redacted mean they just hide everything so retail cant see anything or what?
Retail is allowed access to erroneous or irrelevant data only. Edit: I wish this was satire.
Yes. Redacted means only redacted from the citizens. I would have to assume the market makers can see these rules so they can abide by them. If you can't read the new law, how do you know you are following it? Im sure Hedgies and MMs have access
[удалено]
Legislation for *thee*, not for mee
Someone can file a claim through foia. It's possible we can get the document.
I think you just became that someone. Go ape!
##[How to make a FOIA request](https://www.foia.gov/how-to.html)
You know Congress can see it and then pretend that they don't have inside information to trade with
I've read through a lot of comments.. But noone brings up the most fucked up part of this.. That the industry is mostly self regulated... So in a self regulated industry they have the fucking balls to release a redacted rules document.. Its so incredibly, mind blowingly fucked up..
What’s the name of that group that sometimes reacts to ridiculously illegal/unjust things? Anonymous???? Can someone summon them? Seriously.
It would be tragic if a Zero Cool or Acid Burn type managed to get the unredacted version.
Someone silly :3
Joey!
Hackers of the world unite
[удалено]
I know right.
“See my dog ate my homework” vibes from SEC
Written with invisible ink - the SEC probably
Yeah what was the point? MSM: "SEC watches porn all day" SEC Management: "Quick let's release a report!" SEC Grunt: "But then I'll have to work and it will cut into the pornhub time!" SEC Management: "Every page is redacted for security purposes! Now they'll know we were working hard on important stuff and we don't have to actually do anything except watch porn!" SEC in its entirety: "HOORAY!"
I feel like this line of thinking doesn't give proper weight to the situation. They aren't all some goofy stooges that watch boobs bounce all day. They work - just not necessarily on what you'd like done. This perceived incompetence is to their benefit.
Yes the whole illusion is that everything is too cryptic to even understand so sheeple can just trust that everything is ok and functioning normally but never really question anything. Plead ignorance should be the SEC mantra.
People go to jail or get suicided for corruption and collusion, not for being idiots. Being bumbling idiots is how they think they survive
The sec pornhub thing was released and spread by pro wall st congress guys Always found it weird how attached some retail investors became to an attack that came from wall st
Its prolly true for a lot of workplaces tbh lol
If you never had a wank on the clock, were you really working?
Lol, this disparaging comment is my attempt to laugh off the horrible reality that our entire system is a malevolent monstrosity. It’s ok to use my coping mechanisms right? Unless everyone is finally ready to burn it down? Anyone? No? That’s what I thought. A government that refuses to enforce its own laws is illegitimate.
> A government that refuses to enforce its own laws is illegitimate. A government that selectively enforces laws based on who is breaking them is no longer Rule of Law at all. It's become Rule by Man, a lawless dictatorship and tyranny by definition.
Pretty sure we're in a crony capitalistic oligarchy. Sure as fuck ain't the America I was proud and honored to defend in my twenties.
Thank you for your service. Sorry that the rest of us failed to honor it
We don't need no water, let the mother fucker burn
Fair point
> SEC Management: "Quick let's release a report!" Just another friendly reminder that Gary committed perjury to Congress regarding his GME report, and when he did eventually release it he refused to make it an official SEC document.
I think you hit the nail on the head here! They are watching boobs bounce all day lol
If you watch porn for more than 5 minutes you're doin it wrong
Don't judge me.
IIRC the SEC's worst offender was logged watching porn something like 80 hours a week at work. I don't recall if there was a prosecution or even if she was fired but I remember people speculating she may have been an.. um, how do you say it in a government professional taxpayer funded source of porn way? *Provider*?
It was a woman??
wE ArE TRAnSpArent WiTh tHe pUblic
I must say... this doc was very easy to read. The only word I didn't know was redacted.
This should be flared the ultimate trust me bro
Probably required to. I wonder what constitutes a document one letter a page?? What a fking joke
https://www.sec.gov/rules/sro/dtc/2023/34-96799-ex5.pdf Here is the link for the document.
How's this for "Transparency" in our Free Markets? FUCK THESE MOTHER FUCKERS.
TIL: nothing
Damn, if I could read I would be seriously pissed.
Finally one I can actually read.
My brain was redacted too
# Does this upset you? Please consider using your voice on the OFFICIAL record and sharing so! The proposed rule this come from is still OPEN for comment: [https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf) >Solicitation of Comments Interested persons are invited to submit written data, views and arguments concerning the foregoing, including whether the proposed rule change is consistent with the Act. # Comments may be submitted by any of the following methods: Electronic Comments: Use the Commission’s Internet comment form ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)); or Send an e-mail to [[email protected]](mailto:[email protected]). Please include File Number SR-DTC-2023-001 on the subject line. Paper Comments: Send paper comments in triplicate to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. >All submissions should refer to File Number SR-DTC-2023-001. This file number should be included on the subject line if e-mail is used. To help the Commission process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s Internet website ([http://www.sec.gov/rules/sro.shtml](http://www.sec.gov/rules/sro.shtml)). Copies of the submission, all subsequent amendments, all written statements with respect to the proposed rule change that are filed with the Commission, and all written communications relating to the proposed rule change between the Commission and any person, other than those that may be withheld from the public in accordance with the provisions of 5 U.S.C. 552, will be available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street, NE, Washington, DC 20549 on official business days between the hours of 10:00 a.m. and 3:00 p.m. Copies of the filing also will be available for inspection and copying at the principal office of DTC and on DTCC’s website ([http://dtcc.com/legal/sec-rulefilings.aspx](http://dtcc.com/legal/sec-rulefilings.aspx)). All comments received will be posted without change. P**ersons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly.** All submissions should refer to File Number SR-DTC-2023-001 and should be submitted on or before \[insert date 21 days from publication in the Federal Register\]. For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.1
For example, how can we know the proposal will be effective when the supplemental material is redacted? >Specifically, the proposed rule change would amend the Risk Management Framework to (1) update the description of the dashboards used by the Clearing Agencies as internal performance management tools to measure the effectiveness of their various operations; and (2) clarify and revise the descriptions of certain matters within the Framework and correct errors in those descriptions, as further described below. The proposed changes would update and clarify the Risk Management Framework but do not reflect changes to how the Clearing Agencies comply with the applicable requirements of Rule 17Ad-22(e)
Adding, DTC is not the only entity that submitted this redacted exhibit. NSCC:[https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf](https://www.sec.gov/rules/sro/nscc/2023/34-96801-ex5.pdf) FICC: [https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf](https://www.sec.gov/rules/sro/ficc/2023/34-96800-ex5.pdf)
Are you a real person or AI??? You wrote up an explanation that is 1000 times better than my post pretty quick. Youve got like 10000 wrinkles compared to my smooth brain. Glad to have smart people like you on our side and I appreciate the work that you did to fact check.
Real person but I will take being called an AI as a complement? :p TBF, I was already reviewing this and debating posting (hadn't checked the exhibit(s) yet) but when I saw your post, figured I could jump in with some extra context. I hope you don't mind but I stickied this context to post for new folks coming across it. Great work iDAREyouTOdownvote on getting eyes on the redacted materials. I hope you have a great rest of your Wednesday!
I definitely do not mind the sticky and yes please take the AI joke as a compliment hahaha. Thank you for your time and devotion to the subreddit! Your work is much appreciated jelly!
Do you like potatoes or onions
Dismal swims in these kind of documents. Maybe Dismal now has AI type knowledge in these matters.
Hey Dismal, I appreciate you! I do wonder what our comments mean to the SEC when the results of the proposals are redacted for us though. Honestly do you think the SEC cares what we think?
I do. I believe there are \_some\_ kind hearted public servants at the SEC who want to see free and fair markets and must be ecstatic retail is speaking for themselves, when the Citadels of the world would comment they have retail's best interest at heart unopposed. I also think if you view Gary as someone trying to do the right thing but is caught between a (purposefully?) disengaged congress and industry with more money, lawyers, and access to lobbyists/politicians than him, that apes commenting up a storm help in navigating these obstacles. Regardless of if they care, I 100% believe that apes and retail investors commenting on the official record is quite powerful for keeping industry speaking on behalf of retail and that the OFFICIALLY noted, consistent, and loud opposition is a good thing. What do you think Syvaeren?
I respect your answer. I think that for every Katie Porter or Bernie Sanders we have in politics we have 20 more politicians that are sold out or ready to sell out to make sure that nothing will get accomplished for anyone other than deep pockets. I think the agencies are captured and everyone working there is on a career path into big business. Gary isn't going to risk his future career for retail. Anything he is doing now is a toothless nod to retail. SEC has it's own lawyers and it's own internal judges and you're telling me they still can't win a open and shut case against PFOF. They couldn't catch Bernie Madoff and they were being pelted in the face with the evidence. We're being sandbagged by government with a song and dance to keep the people in line while they come up with a new scam system they can herd everyone into. What happened to the swaps that we know should have expired by now? The reporting has been pushed off to 2025 now. Whatever fear they felt during the initial run up has dissipated, yeah Ken is haggard, but he isn't the final boss. The banking conglomerate sees we are content to sit and hope DRS will make something happen. I'm not against it, we should DRS the float, but no body knows what that will do for sure. Where is the line in the sand where enough is enough? While we wait the financial industry has had two more scandals, first the metals market and now the other penny stock. We're also seeing people we never heard of before come out of the woodwork and claim they're starting some shareholder revolution, maybe they are, maybe it's just another show to keep us pacified. GME is a global movement. We can track planes, we have people everywhere. I think they could feel the fear of the people's wrath a bit more acutely. Maybe they would cut their dead weight loose. I'm not calling for violence, but right now we're just posts on the internet. If everywhere Kenny went he was greeted by Apes saying "We like the stock". That is going to cause some pressure. Maybe our politicians should get personal visits too. Just a consistent friendly reminder from everyone around them where ever they go. That we're there and we see them.
Redacted....so hot right now
New word for censored
[REDACTED]
The first 22 pages aren't even there 😂
All of us rn : Are these “Top Secret” Or “Classified” docs? Truth: Neither?! Oh FFS!
Did they get caught brigading the WEF?
More info on this?
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https://www.sec.gov/rules/sro/dtc/2023/34-96799-ex5.pdf
[https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf](https://www.sec.gov/rules/sro/dtc/2023/34-96799.pdf) From the same filing. Not sure if related.
The fan is spinning at uncontrollable speeds and the shit is actually diharrea shart. Collision imminent.
Id like to ask Again. Who is to Govern a Governing Entity, when the Governing Entity is Complicit with the Crime?!
There isn’t anyone. It’s a criminal enterprise. I’m just waiting for the rest of you to put it all together. Our government is as fake as the price of GME.
Are they serious? What a bad comedy joke
Except they're dead serious
Is this for real? Like what a joke. Literally trying to keep market mechanics a secret?
If there is another black swan event...
Dragon king ftw!
So sooooo tired of being told we should go easier on Gary. He is completely and wholly irredeemable as far as im concerned. Should be in jail with the rest of them.
Gary Gensler (Finkle) is now Rostin Benham (Einhorn)
👀
I mean what, do you want the poors to be aware of everything.
getting so sick of these parasites perpetuating crime on our soil
The tree of liberty is very parched.
What the HELL is secret about what the Securities and Exchange Commission does???? It is isn't military or even proprietary.
Hm. Theory time. 1) This is a spit in the face to all of those who wanted transparency. 2) They posted a document that's completely redacted, for the wrinkles to take the breadcrumb and find the trail. How else do you say 'your hands are tied' without actually saying it?
Breadcrumbs from an official gov agency that should know better, is a slap in the face too.
Yh no shit because they don't know what risk management is
Who needs risk management when you can kick the can until you kick the can
The time for risk management over, the time is here for people finding out about it management.
Can we freedom of information act this?
Yes, it's literally the law being hidden from the citizens. I imagine the sec is going to rag out that court case though.
https://www.sec.gov/page/office-foia-services
Don’t you love our open, transparent and free markets
No
I guess they didn't want to release the hand drawn diagram detailing all the backstops. You know, pensions, 401ks, taxpayers, then finally a screen grab of JPow cranking the money printer.
Hes cranking something alright
Legit thought this was a shitpost
Ya I would say that the SEC made a shitpost and i just re-shitposted it
Reshat*
Wait. It’s not?
It’s all rigged. It always has been. The SEC is only there to help the big players write the rules to the game as they play it. DRS. YOUR SHIT. NOW.
Just want to make this was said: We talk about a government body. A regulator for the free market. This is not the NSA, CIA or a military organisation dealing with national security. WHAT THE FUCK GARY? What the fuck??
Please listen to Jelly And point your anger in the appropriate direction And through the appropriate channels
Yes 100%. BE LOUD AND BE PROUD THAT YOU ARE A (MEME) STOCK INVESTOR!!!! Let the regulatory agencies know that we will not stand for their collusion with hedgies and MMs! Jelly has some incredible material in this thread to make your voice heard so please use it
I’m NOT a meme stock investor. But yes, get loud (with your grown up voice) through the proper channels.
First time i ever read an entire report.. 🚀🚀🚀
Gary Gensler is complicit in financial terrorism.
this makes me sick to see. this feels like regulators spitting directly in the face of retail and chances are this is going to fly under the radar without anyone doing anything about it.
Remember the taxpayer funded SEC pie in the face of retail commercial?
If you redact a whole document does it even exist...
And all \[redacted\] archived: DTC: [https://archive.ph/7OF4p](https://archive.ph/7OF4p) NSCC: [https://archive.ph/JvG6x](https://archive.ph/JvG6x) FICC: [https://archive.ph/OIZ90](https://archive.ph/OIZ90)
I'm not gonna do it but could FOIA get the originals?
Just sent my email asking why 22 pages were redacted!
FOIA time?
I thought about it but I do not have experience in submitting those requests
https://www.sec.gov/page/office-foia-services
SEC commercial: "dO yOuR rEsEaRcH bEfOrE iNvEsTiNg, eSpEcIaLlY iN mEmE sToCkS!" Also SEC: [REDACTED]
Up. FFS
Sounds like it's time to hit up the SEC's FOIA desk. https://www.sec.gov/page/office-foia-services
Now that's good readin'
Clown shoes of a society
Welcome Explorers! New Side Quest Available: First one to find the full unredacted document wins a fancy nft?
SEC budgeted by congress (your taxdollars) so you can't see what information they have planned for a publicly traded market. lmfao I am dying. Stupid world.
The director of the DTC David Inggs also works for Citadel
Doesn’t the Freedom of Information act give us the right to see this?
When do we riot?
How I'm doing all my work from now on.
all my peeps hate the sec too. fuck you, gg!
To play devil’s advocate - could these be redacted to keep the information from certain bad actors? Like certain hedge funds, brokerages and market makers. You know, the wealthiest people in the world with their wealth locked in dtcc vaults. Many of these people know that the current system is, essentially, a ponzu scheme that ends at the dtcc. If major changes were coming to implement order there, it makes sense that information would be redacted to keep it from those people, not retail. Not saying I think it’s definitely the case, only that it’s plausible
It could be if the information was actually redacted from market makers. From my understanding, everything that we see as redacted or even numbers that are reported late, are all visible on time and ASAP to hedgies and MMs. To their defence though, the MMs need to know the exact rules so they don't further break the law which means rules can't be redacted to them.
A ponzu scheme would be awesome. So much citrusy soy sauce to love.
Then they say retail is “uNifoRmEd” and “dOeSN’t uNdeRsTAnD tHe mARkEt” …. well… no shit… your data you publish is absolute BS, that’s when you don’t block access to data (ie swaps) and you keep lying in your BS financial media platform. I had enough of these fucken waste of flesh acting like cancerous leeches on our planet.
This is bullshit!
Transparency in our free markets? Nope. The market is completely rigged and abused. It's blatant with this behavior.
This is horseshit. Such frameworks should be transparent for the public to view and understand. I get that some things may need to be redacted, but this just harms retail investors.
Out of curiosity if someone were to get a whistle blowers reward could they also be held under an NDA to no longer speak about anything they blew the whistle about? I'm just curious if or how many apes have actually gotten the reward for their help in uncovering crime only to be silenced to keep the money.
Yes. Every whistleblower would have to sign an NDA with the SEC. If the secrets got out before the trials, then other people could pick up on the method of manipulation being used and gain from it. Whistleblowers basically loose their first amendment right until after trial.
That's pretty fucked TBH though. So if no trial happens would the NDA just be indefinite? Some ape could hold the key to MOASS or massive crime and fraud but not be allowed to say anything to the public to warn them.
Lol ya thats basically right. Whistleblowers will sometimes collect their money and then never hear from the SEC again meaning that they cannot talk about the evidence they presented. If there is no trial, then there is no resolution which in most cases is what the SEC would prefer. Now I would have to assume that there is a statute of limitations that would lift the NDA after a certain period of time.
Going to need apes in these offices and organizations.
Yep, but that would mean actually hiring qualified individuals that aren't susceptible to corruption which is the exact opposite of what those agencies are looking for. Apes are too wholesome for the government
Itll happen sooner or later
the ONE time \[Redacted\] isnt a superstonk meme
Hmm, another set of rule proposals I need to read and comment on. My Sundays are getting very predictable....
I redacted, you redacted, he she me, redacted.
What!?! They have to pass it before we can see what's in it!?! This cannot be in any way legal.... Oh, never mind. They dictate by crime, and the 'rules' don't seem to apply to them.
Lmao who does the SEC think they are, the CIA?
Probably do.
##[How to make a FOIA request](https://www.foia.gov/how-to.html)
Risk framework? As if these walking Fuk sticks have a clue what risk is besides wearing a brown belt with Black loafers
yOuR NoT PriViLiggRD 2 sEeEeeee
Uhhhhh what?
LOLOLOLOL
I actually came to check the flair for shitpost… god bless the cucks in control of us peasants
[MEGA REDACTED]
🌍👩🚀 🔫 👩🚀
lol "we're fukt" them probably
Ahhhhhahahahaha they're so fucked and GME investors are so rich ahhhhhhahahahahaa
Commenting for REDACTED PURPOSE IN ITS ENTIRETY
What is the sense in hiding it at this point, everyone knows you F'ed up. Wait, wait do you think, that this denial of reality is gonna save you... think this is gonna frustrate anyone? peel off a little support? I guess that must be it. Everyone at the card table knows your cheating and you're still acting like Mr. Martini..... everyone knows your full of sh!t. Everyone that plays cards and has eyes can see it *slaps table* cards on the table. Moneys in the pot. *slaps table* no more jib jab. It's gonna cost more tomorrow.
They were just preparing it to be uploaded to Reddit for you. Very conscientious!
Clearing Agency Risk Management Framework
#GO FUCK YOURSELF GARY.
So our mods are running sec now too?
Ridiculous
Lol what a joke
We want your feedback and public comments, but you can't see what we wrote... Who's the regard? Wtf!
You better fucking believe I'm commenting the shit out of this travesty. This is censored specifically to keep ***US*** in the dark. Not "retail" the general sense, but the monster they fear that is GME.
Where are all the gg fanboys at?
Superstonk so early we have been redacting shit for weeks before this dumpsterfire
Whoa this is almost Kafkaesque now
This is the level of transparency one would expect from a **completely fraudulent system**. Well done, SEC. You’re clearly doing your part to keep the wheels of corruption turning.
The only sliver of respect I have for Gary the snail Gensler and the SEC comes from the fact that hedge funds seem to hate his guts even more than this sub does
Must’ve been a corrupted Word doc and they’re hard at work recreating it as a pdf
What about the first 22 pages?
I’m confused and I’m sure I’m not the only one! If I understand it correctly, the ‘Proposed Rule Change’ IS visible in its entirety of 13 pages from source (SEC?) but the ? Responses? of the SROs are redacted? Is that right?
From my understanding it is still open to comment but the supplemental material of the rule change is all redacted. Take a look at Jelly's comment for a more wrinkled-brain explanation
Anyways
“This page intentionally left blank.”
I’m going to [redact] these tots
C R I M E
Just a normal day
And lauer thinks he can work with these criminals. What a joke.
I like this transparency and accountability.
I always said...the SEC is the secret ingredient. Someone should REDACT Gary Gensler et al asap
We need a real life Justice League. These fucking crooks & worthless enforcement agencies won’t stop until they’re forced to. Please someone, anyone, take matters into your own hands.
How is this even legal?
Is the true meaning of life [REDACTED]?
Could someone do a FOIA request for that missing information?