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Short selling involves borrowing a stock to sell it in the expectation the price will fall, then repurchasing the shares and pocketing the difference. Short interest in the U.S. market totaled $927 billion as of Thursday, according to analytics firm S3 Partners. The new rules require institutional investors to report their gross short positions to the SEC monthly and certain "net" short activity for individual dates on which trades settle. "Investment advisers will face more risk when selling short, which will harm investors, market participants, and market efficiency," said its CEO Bryan Corbett. SEC officials said the new rules, which the commission agreed upon in a 3-2 vote, support the agency's efforts to police the practice.

Persons: Jim Bourg, Gary Gensler, Gensler, Stephen Hall, FINRA, Bryan Corbett, Douglas Gillison, Chris Prentice, Michelle Price, Chizu Nomiyama, Chris Reese Organizations: U.S . Securities, Exchange Commission, SEC, REUTERS, GameStop, Financial Industry Regulatory Authority, Partners, Stephen Hall of Better, Justice Department, Thomson Locations: Washington, U.S

☆ Premarket stocks trading: ESG has lost its meaning. One advocate says let's throw it in the trash
▼ + stars: | 2023-10-03 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Dedicated ESG funds have also lost popularity with investors. Total assets under management in ESG funds fell by about $163.2 billion globally during the first quarter of 2023 from the year before, according to data provider Lipper. According to the latest Fed projections, officials forecast just one more interest rate hike this year — and rate cuts next year. When members of his board ask him whether interest rates could really go that high, his answer is always “yes,” he told Bloomberg. There are a lot of “potential bad outcomes,” Dimon said, but the worst-case economic scenario would be stagflation, with low growth and high interest rates.

Persons: “ ESG, ESG, What’s, Lipper, Lynn Forester de Rothschild, ESG “, ”, Rothschild, King Charles II, Bill Clinton, Archbishop of Canterbury Justin Welby, ’, Stephen Hall, Philip Morris, “, Robert Jenkins, Jenkins, Jamie Dimon, Dimon, It’s, ” Dimon, “ you’re, Satya Nadella, Brian Fung, Nadella, ” Nadella, else’s Organizations: CNN Business, Bell, New York CNN, Fox News, Republican, Biden, Council, Inclusive Capitalism, “ Investment, Better, CNN, Jamie Dimon JPMorgan, Federal, Bloomberg, Times, Microsoft, Google Locations: New York, Times of India, United States

☆ Why did Russia invade Ukraine? Experts break down Putin's motivations and excuses for launching his war.
▼ + stars: | 2023-07-04 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +12 min

Russia launched a full-scale invasion of Ukraine in February 2022.Insider spoke to three experts about why it happened, and the motives behind President Putin's move. AP Photo/Evgeniy MaloletkaPutin blamed the WestTaylor said the invasion of Ukraine reflects Putin's "grievances that have been brewing for a long time." For Putin, "Russia has a right to rule Ukraine. At the start of the invasion, Putin blamed NATO's expansion into eastern Europe for forcing his hand, echoing a criticism he has made for years. Russian President Vladimir Putin meets with war correspondents in Moscow, June 13, 2023.

Persons: Putin's, —, Vladimir Putin, Putin, Felipe Dana, it's, George W, Bush, Stephen Hall, Hall, Alexander Ermochenko, Brian Taylor, Thomas Graham, Graham, Evgeniy Maloletka Putin, West Taylor, Taylor, Lithuania — Taylor, NATO didn't, Volodymyr Zelenskyy, Omar Marques, They've, Russia's, Peter the Great, Catherine the Great, Stalin, Zelenskyy, Viktor Medvedchuk, Donald Trump, Trump, Joe Biden, GAVRIIL Organizations: Service, AP, University of Bath, Kyiv, REUTERS, Slavic, of, West, Syracuse University, Yale, NATO, NATO doesn't, Russian Defense Ministry Press Service, Getty, Nazis, Nazism, Putin, SPUTNIK Locations: Russia, Ukraine, Ukrainian, Bucha, Kyiv, Russian Ukraine, Soviet Union, USSR, Russian, Moscow, Luhansk, Belarus, Asia, of Russia, East, Avdiivka, Europe, Ryazan, Finland, Estonia, Latvia, Lithuania, Zelenskyy, Afghanistan, Germany

☆ Video from Ukraine shows an entire house washed away in floods after a crucial dam was destroyed
▼ + stars: | 2023-06-06 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +3 min

A video shared online shows a house being washed down the Dnipro River. An expert told Insider the dam explosion is a "disaster" and will cause catastrophic flooding. The video, which was first published on Telegram and has since been verified by the BBC, shows the red roof of the large house as it is flushed down the Dnipro River. The house in the video was later identified by BBC reporter Adam Robinson, who shared aerial pictures of it from June 2020. Dr. Stephen Hall, a politics lecturer at the University of Bath, told Insider that the explosion is a "humanitarian disaster" that will have several implications in the weeks to come.

Persons: —, Adam Robinson, Volodymyr Zelenskyy, Dmitry Peskov, Al Jazeera, Stephen Hall Organizations: Service, Reuters, The Guardian, BBC, Kremlin, University of Bath, Dnipro Locations: Russian, Kherson, Dnipro, Ukraine, Nova, Russia, Ukrainian

☆ Drone attacks that shook Moscow showed Russians they can no longer trust Putin to protect them, expert says
▼ + stars: | 2023-05-30 | by ( Sinéad Baker | ) www.businessinsider.com time to read: +4 min

Drones hit residential buildings in Moscow for the first time in its war with Ukraine. An expert said it "brought the war to the streets" for Russians and may shake their faith in Putin. People shelter inside a subway station during an air raid alert, amid Russia's attack on Ukraine, in Kyiv, Ukraine, May 29, 2023. Other recent attacks on Russian soil — which Ukraine has also said were not its responsibility — have been closer to Ukrainian territory. Moscow is the capital of Russia, which perceives itself as a great country, rightly or wrongly."

☆ A Russian legislator called the drone attacks on Moscow the 'new reality' for Russian citizens
▼ + stars: | 2023-05-30 | by ( Grace Eliza Goodwin | Sinéad Baker | ) www.businessinsider.com time to read: +2 min

A Russian legislator said the drone attacks on Moscow are the "new reality" for Russian citizens. Alexander Khinshtein, a member of the Russian Parliament, called the attack "a new reality we will have to recognize," according to CNN. Russian officials said eight drones attacked Moscow on Tuesday, and three buildings were hit. Some other Russian sources reported far more drones involved in the attack, which Russia is blaming on Ukraine. Dr. Stephen Hall, a Russia expert at the University of Bath, said the drone attack "certainly has brought the war to the streets in Moscow like nothing else."

☆ Here’s what the SEC will require under its strict new stock buyback disclosure rules
▼ + stars: | 2023-05-05 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +5 min

The new disclosure rules will begin to apply when U.S. corporations report earnings for the fourth quarter of 2023, and to foreign issuers on a slightly longer timeline. The new rules "will increase the transparency and integrity" of corporate stock repurchasing overall, and allow investors "to better assess issuer buyback programs," SEC Chairman Gary Gensler said in a statement about the updated disclosures. The changes approved Wednesday represent a softening of the SEC's initial proposed disclosure rules, which would have required public companies to report trades by corporate insiders on a daily basis. Public interest groups, many of which have become increasingly critical of widespread corporate buybacks, applauded the new rules. On Capitol Hill, bipartisan support for stricter buyback disclosure rules has been apparent since the start of the SEC's rulemaking process, more than a year ago.

SEC Chair Gary Gensler was testifying in front of the House Financial Services Committee for the first time since Republicans took over the House of Representatives in January. Gensler, who has helmed the SEC since April 2021, underscored the agency's rulemaking as "grounded in legal authorities granted by Congress." The SEC also levied record penalties in the last fiscal year and Republican lawmakers seized on the agency's nearly 50 enforcement actions against crypto firms, saying the agency was regulating by enforcement. Gensler maintained most cryptocurrencies are securities and crypto firms must comply with securities laws. Progressive lawmakers and investor advocates have praised the SEC and pushed Congress to give the agency more resources.

☆ U.S. targets '08 crisis trader conflicts in new rule, decade after 1st try
▼ + stars: | 2023-01-25 | by ( Douglas Gillison | ) www.reuters.com time to read: +4 min

The rule is among the last to be adopted under the landmark Dodd Frank Wall Street reform legislation of 2010, according to SEC officials. An earlier version of the conflicts rule first proposed in 2011 was never finalized. SEC officials say it would provide exceptions for legitimate activities, such as hedging to mitigate risk, market-making and meeting liquidity commitments. Better Markets, an advocacy organization that promotes more strict financial sector regulation, welcomed Wednesday's rule proposal but vowed to study it. Without citing prominent recent examples of such conflicts of interest in the asset-backed securities market, SEC officials said the conflicts rule was needed to remove the opportunity and incentive for such conduct.

Twitter on Saturday blocked searches for a series of hashtags and keywords used to promote the sale of child sex abuse material (CSAM) following an investigation by NBC News posted the day before. NBC News observed the hashtags over a period of several weeks, and counted dozens of users who collectively published hundreds of tweets daily. Irwin said in the last six weeks Twitter had been analyzing thousands of hashtags for a project that was scheduled for completion in the next few weeks. In a review of hashtags and tweets last week, NBC News confirmed that searches related to the file-sharing site Mega had been blocked. A former employee who asked to remain anonymous because they had signed a nondisclosure agreement said that many of the employees specifically tasked with child safety issues had departed the company.

Twitter accounts that offer to trade or sell child sexual abuse material under thinly veiled terms and hashtags have remained online for months, even after CEO Elon Musk said he would combat child exploitation on the platform. The tweets reviewed by NBC News offer to sell or trade content that is commonly known as child pornography or child sexual abuse material (CSAM). The tweets do not show CSAM, and NBC News did not view any CSAM in the course of reporting this article. The problem has been pervasive enough to catch the attention of some Twitter users. In 25 tweets, users tagged Musk using at least one of the major hashtags to alert him to the content.

The SEC filed 760 enforcement actions in the year ending Sept. 30, up 9% from the year before, according to the agency’s annual enforcement report, which was made public Tuesday. The SEC imposed a total of $6.44 billion in monetary penalties, the highest amount on record and 67% above the previous year. That made it the second-highest year for both the number of awards and dollar amounts of awards issued, the SEC said. PREVIEWThe SEC whistleblower program in August reversed a Trump-era change that would have put a limit on the amount of awards it could provide. The SEC said it was focusing on actions that would deter future violations while encouraging accountability from major institutions.

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