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Occupy the SEC
Public Group active 13 hours, 40 minutes agoWe wrote a 325-page public comment letter highlighting loopholes in the Volcker Rule that the Banks may abuse. The Volcker Rule is a new regulation that bans most proprietary trading (i.e. speculation) at Banks. […]
We wrote a 325-page public comment letter highlighting loopholes in the Volcker Rule that the Banks may abuse. The Volcker Rule is a new regulation that bans most proprietary trading (i.e. speculation) at Banks. It doesn’t go into effect until July 2012, and we are working to urge the regulators to protect the people, not the banks!
See our minutes in the Docs section!
We meet every Thurs 8pm at 60 Wall St.
Background:
The Dodd-Frank Act was passed last year. Sections 619 and 620 of Dodd-Frank cover what is known as “The Volcker Rule”, which puts limits on proprietary trading by banks and non-bank financial companies.
The SEC and the banking regulators are now required to actually implement Sections 619 and 620 through regulations.
Whenever a federal agency proposes a substantive new regulation, by law it is required to seek public comment first. Normally the only parties that respond to agency comment requests are the companies that are affected by the regulations, and their attorneys (i.e. lawyers at the investment banks, in this case). As you might guess, their comments are always critical of regulation.
The SEC/banking regulators have proposed their regulations for implementing Volcker, and they are requesting comments from the public.
Here are both the directions for submitting a comment, and the rule text itself (all 300 pages of it!): http://www.sec.gov/rules/proposed/2011/34-65545.pdf
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Monica McLaughlin replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 13 hours, 40 minutes agoWow! Nice. OSEC, you rock!
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A. Tewary created the doc April 24 Meeting Minutes in the group
Occupy the SEC 14 hours, 15 minutes ago -
A. Tewary created the doc May 1 – No Meeting (May Day) in the group
Occupy the SEC 14 hours, 24 minutes ago -
A. Tewary edited the doc May 8 Meeting Minutes in the group
Occupy the SEC 14 hours, 27 minutes ago -
A. Tewary created the doc May 8 Meeting Minutes in the group
Occupy the SEC 14 hours, 28 minutes ago -
A. Tewary created the doc May 15 Meeting Minutes in the group
Occupy the SEC 14 hours, 31 minutes ago -
A. Tewary replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 14 hours, 36 minutes agoHey all
We put up a press release on the Jamie Dimon issue. https://t.co/Dq933pV6
It’s pretty egregious but unfortunately the Volcker Rule in its current form would not hinder this kind of […]
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Urbaned replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 16 hours, 7 minutes agoHow about we give a reason for thumbs down instead of just hating? That’s basically ruining these forums.
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Urbaned replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 17 hours, 39 minutes agoe.g. #StepDownDimon #movemoneyoutofbanks #nostudentdebtrepay, etc. If we all tweeted 6 or 8 times/day, it might help. Is there a marketing person here who could help?
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Urbaned replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 17 hours, 41 minutes ago -
reno replied to the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 1 day agoThe confluence of the Teflon Jamie Dimon’s loud fight against Banking Regulations with JP Morgan’s Whale explosion constitutes the best opportunity so far for grassroots organizers, OWS, the country, the world, […]
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Monica McLaughlin started the forum topic Alexis, et al — Thoughts on the JP Morgan Scandal? in the group
Occupy the SEC 1 day, 13 hours agoWondering what your opinin is. Thanks.
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Richard Katz started the forum topic Speaker wanted for Gathering For Social Justice! in the group
Occupy the SEC 1 week, 1 day agoTo All,
Occupy Central Jersey is organizing a Gathering For Social Justice. This is a gathering people where there are going to be six workshops with different themes.
The themes that we want to cover […]
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occupythesec wrote a new blog post House Volcker Letter Needs Support in the group
Occupy the SEC: 2 weeks, 5 days agoOn April 26th, Occupy the SEC sent out the following email as a call to action to the members of our mailing list:
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Dear Friends,
We wrote to you last week, asking you to call your Senators and […]
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We need to do away with the Lotto and replace it with Penny Stocks.
But to do that penny stocks need to be reformed. Pump and Dump has to go.
Lotto is a strain on the lower class who pin their hopes and dreams on it. It takes what little money they have which they couldnt afford to spend anyway. Then they are a drain on the welfare system…[Read more]
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Record-Breaking 178,000 Americans Call On SEC To Regulate Corporate Political Spending
http://www.republicreport.org/2012/record-breaking-178000-americans-call-on-sec-to-regulate-corporate-political-spending/