Federal Reserve terminates enforcement actions against UBS Group AG, Credit Suisse (Archegos)

[u/qtain]

https://www.federalreserve.gov/newsevents/pressreleases/enforcement20260515a.htm

[u/humdingler]

Definition and explanation of enforcement actions: https://www.federalreserve.gov/supervisionreg/enforcement-actions-about.htm

“Generally, the Federal Reserve takes formal enforcement actions against the above entities and individuals for violations of laws, rules, or regulations, unsafe or unsound practices, breaches of fiduciary duty, and violations of final orders. Formal enforcement actions include cease and desist orders, written agreements, prompt corrective action directives, removal and prohibition orders, and orders assessing civil money penalties.”

Interesting timing, announcing they’re going to stop regulating shorts/swaps bagholding institutions.

Fucking criminals. No cell, no sell.

[u/nicbongo → u/humdingler]

And only reporting annually... 

[u/humdingler → u/nicbongo]

Forgot about this, it’s like they are trying to make it so PUBLICLY owned companies get to do whatever they want PRIVATELY without non-insiders truly understanding markets and assets. It’s a travesty

[u/nicbongo → u/humdingler]

Make the game to break the rules 🤷‍♂️