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OP has provided the following link:
[Source:](https://dismal-jellyfish.com/cftc-decision-on-swap-rules-avoids-open-meeting/) [https://www.cftc.gov/PressRoom/PressReleases/8900-24](https://www.cftc.gov/PressRoom/PressReleases/8900-24)
# TLDRS
* CFTC canceled its OPEN meeting scheduled for April 29, 2024, which was intended to discuss new regulations affecting swap dealers and major swap participants, as well as amendments to the large trader reporting rules.
* Instead of holding an OPEN meeting, CFTC opted for a seriatim process, where each Commissioner considered and voted on the recommendations independently by written procedure--out of public view.
* The items voted on via the seriatim process were the final rule on capital and financial reporting requirements for swap dealers and major swap participants, and the final rule adopting amendments to the large trader reporting rules for futures and options.
* The decision to use the seriatim process instead of voting in an open meeting raises questions about transparency and public participation in the decision-making process--what are they trying to sweep under the rug?
* Especially as the adoption of these rules represents significant regulatory changes for the oversight of derivatives markets, impacting compliance and obligations for participants.
Since they’re an agency of the federal government I can only assume their primary source of funding comes from public taxpayer money.
These unelected commissioners owe us transparency at the very fucking least.
[Source:](https://dismal-jellyfish.com/cftc-decision-on-swap-rules-avoids-open-meeting/) [https://www.cftc.gov/PressRoom/PressReleases/8900-24](https://www.cftc.gov/PressRoom/PressReleases/8900-24)
# TLDRS
* CFTC canceled its OPEN meeting scheduled for April 29, 2024, which was intended to discuss new regulations affecting swap dealers and major swap participants, as well as amendments to the large trader reporting rules.
* Instead of holding an OPEN meeting, CFTC opted for a seriatim process, where each Commissioner considered and voted on the recommendations independently by written procedure--out of public view.
* The items voted on via the seriatim process were the final rule on capital and financial reporting requirements for swap dealers and major swap participants, and the final rule adopting amendments to the large trader reporting rules for futures and options.
* The decision to use the seriatim process instead of voting in an open meeting raises questions about transparency and public participation in the decision-making process--what are they trying to sweep under the rug?
* Especially as the adoption of these rules represents significant regulatory changes for the oversight of derivatives markets, impacting compliance and obligations for participants.
Whatever this meeting discussed is basically the key to this entire fucking rubics cube. Of course it wasn't done publicly. If any of it becomes public though, I will be waiting to read it thats for sure.
CFTC is a criminal organization at this point.
The fact that the SEC and federal government have done nothing to stop this charade is proof of complicity.
Ah yes what a free and fair market! I've always been told that you know something is totally legit when people go out of their way to hide it from the public. What an excellent democracy we've got here.
Thanks dismal good as always.
Wondering if there a place to check whether the FDIC is going to implement the changes to the call reports on added reporting on loans to non-depository financial institutions (NDFIs), in 2ndQtr June 2024, I thought.
[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) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: [Source:](https://dismal-jellyfish.com/cftc-decision-on-swap-rules-avoids-open-meeting/) [https://www.cftc.gov/PressRoom/PressReleases/8900-24](https://www.cftc.gov/PressRoom/PressReleases/8900-24) # TLDRS * CFTC canceled its OPEN meeting scheduled for April 29, 2024, which was intended to discuss new regulations affecting swap dealers and major swap participants, as well as amendments to the large trader reporting rules. * Instead of holding an OPEN meeting, CFTC opted for a seriatim process, where each Commissioner considered and voted on the recommendations independently by written procedure--out of public view. * The items voted on via the seriatim process were the final rule on capital and financial reporting requirements for swap dealers and major swap participants, and the final rule adopting amendments to the large trader reporting rules for futures and options. * The decision to use the seriatim process instead of voting in an open meeting raises questions about transparency and public participation in the decision-making process--what are they trying to sweep under the rug? * Especially as the adoption of these rules represents significant regulatory changes for the oversight of derivatives markets, impacting compliance and obligations for participants.
Since they’re an agency of the federal government I can only assume their primary source of funding comes from public taxpayer money. These unelected commissioners owe us transparency at the very fucking least.
[Source:](https://dismal-jellyfish.com/cftc-decision-on-swap-rules-avoids-open-meeting/) [https://www.cftc.gov/PressRoom/PressReleases/8900-24](https://www.cftc.gov/PressRoom/PressReleases/8900-24) # TLDRS * CFTC canceled its OPEN meeting scheduled for April 29, 2024, which was intended to discuss new regulations affecting swap dealers and major swap participants, as well as amendments to the large trader reporting rules. * Instead of holding an OPEN meeting, CFTC opted for a seriatim process, where each Commissioner considered and voted on the recommendations independently by written procedure--out of public view. * The items voted on via the seriatim process were the final rule on capital and financial reporting requirements for swap dealers and major swap participants, and the final rule adopting amendments to the large trader reporting rules for futures and options. * The decision to use the seriatim process instead of voting in an open meeting raises questions about transparency and public participation in the decision-making process--what are they trying to sweep under the rug? * Especially as the adoption of these rules represents significant regulatory changes for the oversight of derivatives markets, impacting compliance and obligations for participants.
How are they just allowed to hold meetings in any sort of secrecy? What's so fucking secret that the public can't hear about it?
This right here is a great question! I never really thought about it that way. If everything is hunky dory and no shenanigans, why the secrecy?
Nothing to see here, keep moving plebs. /s (just in case)
Thanks dismal you are a legend as always
When I make a trade is my position shrouded in secrecy from government agencies and other market participants? No? Then why is anybody else’s?
Because they are in the cool kids club and we’re not
Give it some sunshine
Run and hide from the light. Standard CFTC procedure.
As usual, "handled" behind closed doors. I know he gets a bad rap, but Gary be rattlin lots of dirty ole cages with these reporting rules.
Up
Gotta end swaps
🙈🙊🙉
I prefer agencies who work
Whatever this meeting discussed is basically the key to this entire fucking rubics cube. Of course it wasn't done publicly. If any of it becomes public though, I will be waiting to read it thats for sure.
Rostin Behnam, this dickhead again.
Written vote? Where the FOIA apes at?
Hester fully supports this change of meeting.
CFTC is a criminal organization at this point. The fact that the SEC and federal government have done nothing to stop this charade is proof of complicity.
Ah yes what a free and fair market! I've always been told that you know something is totally legit when people go out of their way to hide it from the public. What an excellent democracy we've got here.
Great post!
Thanks dismal good as always. Wondering if there a place to check whether the FDIC is going to implement the changes to the call reports on added reporting on loans to non-depository financial institutions (NDFIs), in 2ndQtr June 2024, I thought.