January 30, 2024/US SEC By Chair Gary Gensler Today, the Commission denied a Petition for Rulemaking[1] to amend Rule 202.5(e), more commonly known as the Commission’s no-admit/no-deny policy. I was pleased to support the Commission’s decision. The Commission’s no admit/no deny policy was adopted in 1972. As the Commission said […]
Updates
Unsettling Silence: Dissent from Denial of Request for Rulemaking to Amend 17 C.F.R. § 202.5(e)
January 30, 2024/US SEC By Commissioner Hester M. Peirce I dissent from the Commission’s denial of a petition to amend Rule 202.5(e), our so-called gag rule.[1] This de facto rule follows from the Commission’s enforcement of its policy, adopted in 1972, that it will not “permit a defendant or respondent […]
Coronation Fixed Income and Exchange Rate Update
January 30, 2024/Coronation Research Summary Opening market liquidity was reported at N210.4bn on Friday (26, January ‘24). Call, overnight, and repo rates closed within a range of 7% – 19% as rates in the money market moderated following inflows from the FGN bond coupon payments and CRR refunds. Our expectation […]
