“Going Forward” – Seeds of Wisdom RV/GCR Update(s) from Goldilocks 7-13-23

Goldilocks and Seeds of Wisdom Goldilocks posted global financial news links and comments: SEC is proposing a new rule. They are creating amendments to the Broker-Dealer Customer Protection Rule for customers who have over 250 million in their accounts. Expanding Capital requirements is now becoming a must-do protocol. The SEC went on to say that they are expecting customers to have such deposits in the future and need protections for them in case a broker-dealer relationship fails. Net cash owed to customers and PAB account holders must be held in a special reserve bank account. Given the speed, scale, and volume…