7 ms·

Run by Blackrock & Citadel, instigated in part to circumvent DEI protections, in a State that can’t keep their power grid stable, promising less regulations for

Run by Blackrock & Citadel, instigated in part to circumvent DEI protections, in a State that can’t keep their power grid stable, promising less regulations for the people running it and listing their companies on it. Simply put, this is Republicans pushing for “Y'all Street". Target one will be earnings reports, but the eventual push will be to not be overseen by the SEC in some important capacity.

0xbadcafebee 1y ago
> in part to circumvent DEI protections Those were struck down 11 months ago, though? > eventual push will be to not be overseen by the SEC But no crimes will be committed, because they're trustworthy businessmen
lupusreal 1y ago
> DEI protections Forgive my ignorance, but what does that mean in this context?
- crowcroft 1y ago
  I don't think the NYSE had any DEI requirements, but the NASDAQ created a rule where boards needed some minority representation in order to be listed. That rule was challenged and overturned in court though. > On August 6, 2021, the SEC approved Nasdaq’s proposed diversity rule for companies listed on its exchange. The rule required Nasdaq-listed companies to (1) publicly disclose board-level demographic data annually and (2) have, or explain why they do not have, a certain number of diverse directors on their boards. Companies with more than five board members were required to have two members from an underrepresented group, including one female and one person who self-identifies as Black, Hispanic, Asian, Native American, Alaskan Native, Native Hawaiian, Pacific Islander, biracial, or LGBTQ+. https://ogletree.com/insights-resources/blog-posts/fifth-circuit-nullifies-nasdaqs-diversity-rule-for-corporate-boards/ https://ogletree.com/insights-resources/blog-posts/fifth-cir...
  - lupusreal 1y ago
    Sounds illegal, no wonder the courts tossed it.
    - dang 1y ago
      This is off topic but I wanted to make sure that you see https://news.ycombinator.com/item?id=45522422 https://news.ycombinator.com/item?id=45522422 since the thread is a day old at this point.
hiatus 1y ago
> will be to not be overseen by the SEC in some important capacity. How would a securities exchange avoid being regulated by the securities and exchange commission?
- hbarka 1y ago
  When you have headlines like this: https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82ad8d https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82a...
  - caminante 1y ago
    Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents. SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.
    - hobs 1y ago
      > SEC set to see hundreds leave through buyout, retirement offers https://www.politico.com/news/2025/03/21/sec-buyouts-retirement-offers-departures-00243673 https://www.politico.com/news/2025/03/21/sec-buyouts-retirem... > US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-investment-markets-divisions-cut-up-19-staff-after-buyout-program-2025-05-15/ https://www.reuters.com/business/world-at-work/secs-legal-in... > SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-... The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)
      - caminante 1y ago
        Going up-thread, here's the original claim under contention: >> will be to not be overseen by the SEC in some important capacity. Your articles don't dispute this. As for whether oversight will be "weaker" and more de-regulated, maybe. 1. There's a headcount reduction. At worst, there's a quote that some really experienced watchdogs are out the door. Hard to tell until we get outcomes. 2. As for withdrawal of proposals, look closer. > Although most observers doubted that the current Commission would adopt these proposals Which makes it sound like the proposals were just withdrawn for later submittal and new discussion. Footnote #1 goes into how this isn't really unprecedented, citing similar withdrawals (or resets) under the Biden admin.
eej71 1y ago
Consider a broader range of news sources in your daily diet.
ecshafer 1y ago
This is tinfoil hat conspiracy thinking.
- toss1 1y ago
  Right. Just like all the autocratic Project 2025 plans, defunding healthcare to give tax breaks to billionaires, sending US military to police US cities, and all the other current actions were " tinfoil hat conspiracy thinking". There is a party actively committed to implementing autocracy as fast as it can. To willfully ignore that and attempt to deflect from it as you are doing is wrong. Moreover, if you don't think an autocracy will hurt YOU because you are in some protected group, you are wrong — it might not hurt you first, but it will hurt everyone, including you.
  - hunterpayne 1y ago
    Moved on from the fascist rhetoric I see.
    - toss1 1y ago
      Right, from a 24-day old account making only right wing political comments, a comment that addresses exactly zero of the points made by the initial post. And regarding ignoring fascism/authoritarianism, you need only look at the difference between fascist and democratic societies In democratic societies, the three branches of govt are independent, and the branches of civil society, press, academy, religion, business, industry, finance, entertainment, sport, and non-profits are ALL independent. In autocratic societies, the power of the government is abused to corrupt or coerce all three branches of govt and all segments of civil society to serve the will of the executive. EVERY single move by the person occupying the President's chair and his party as been to reduce or undermine the independence of the other government branches and all segments of civil society. The party who claims to be about "free enterprise" and "free speech" is seizing ownership of corporations, directly interfering in individual hiring decisions, and even making govt threats to get COMEDIANS fired. Seizing ownership of corporations, even partially, is more typical of Communist governments than democracies. See if you can find a single substantive exception since 20-Jan-2025 where this administration increased freedom of expression or freedom of economic action, especially when such expressions or actions were unfavorable to it.

0xbadcafebee 1y ago

> in part to circumvent DEI protections Those were struck down 11 months ago, though? > eventual push will be to not be overseen by the SEC But no crimes will be committed, because they're trustworthy businessmen

lupusreal 1y ago

> DEI protections Forgive my ignorance, but what does that mean in this context?

crowcroft 1y ago
I don't think the NYSE had any DEI requirements, but the NASDAQ created a rule where boards needed some minority representation in order to be listed. That rule was challenged and overturned in court though. > On August 6, 2021, the SEC approved Nasdaq’s proposed diversity rule for companies listed on its exchange. The rule required Nasdaq-listed companies to (1) publicly disclose board-level demographic data annually and (2) have, or explain why they do not have, a certain number of diverse directors on their boards. Companies with more than five board members were required to have two members from an underrepresented group, including one female and one person who self-identifies as Black, Hispanic, Asian, Native American, Alaskan Native, Native Hawaiian, Pacific Islander, biracial, or LGBTQ+. https://ogletree.com/insights-resources/blog-posts/fifth-circuit-nullifies-nasdaqs-diversity-rule-for-corporate-boards/ https://ogletree.com/insights-resources/blog-posts/fifth-cir...
- lupusreal 1y ago
  Sounds illegal, no wonder the courts tossed it.
  - dang 1y ago
    This is off topic but I wanted to make sure that you see https://news.ycombinator.com/item?id=45522422 https://news.ycombinator.com/item?id=45522422 since the thread is a day old at this point.

hiatus 1y ago

> will be to not be overseen by the SEC in some important capacity. How would a securities exchange avoid being regulated by the securities and exchange commission?

hbarka 1y ago
When you have headlines like this: https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82ad8d https://www.ft.com/content/55d4c6e5-663b-4b09-a374-1a607f82a...
- caminante 1y ago
  Relevancy to the question raised above, aside, that's a bad article headline as it doesn't match the contents. SEC Chair says they are going to hunt crooks more aggressively, but won't leverage dawn raids as much to chase technical violations.
  - hobs 1y ago
    > SEC set to see hundreds leave through buyout, retirement offers https://www.politico.com/news/2025/03/21/sec-buyouts-retirement-offers-departures-00243673 https://www.politico.com/news/2025/03/21/sec-buyouts-retirem... > US SEC buyouts hit legal, investment divisions hardest, data shows https://www.reuters.com/business/world-at-work/secs-legal-investment-markets-divisions-cut-up-19-staff-after-buyout-program-2025-05-15/ https://www.reuters.com/business/world-at-work/secs-legal-in... > SEC Formally Withdraws Fourteen Rule Proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-proposals https://www.proskauer.com/alert/sec-withdraws-fourteen-rule-... The actions generally do not seem to match the words, and seem to point to a general trend of deregulation and lack of oversight (as the administration has said they would do, and especially in the crypto space has essentially stopped prosecuting crimes)
    - caminante 1y ago
      Going up-thread, here's the original claim under contention: >> will be to not be overseen by the SEC in some important capacity. Your articles don't dispute this. As for whether oversight will be "weaker" and more de-regulated, maybe. 1. There's a headcount reduction. At worst, there's a quote that some really experienced watchdogs are out the door. Hard to tell until we get outcomes. 2. As for withdrawal of proposals, look closer. > Although most observers doubted that the current Commission would adopt these proposals Which makes it sound like the proposals were just withdrawn for later submittal and new discussion. Footnote #1 goes into how this isn't really unprecedented, citing similar withdrawals (or resets) under the Biden admin.

eej71 1y ago

Consider a broader range of news sources in your daily diet.

ecshafer 1y ago

This is tinfoil hat conspiracy thinking.

toss1 1y ago
Right. Just like all the autocratic Project 2025 plans, defunding healthcare to give tax breaks to billionaires, sending US military to police US cities, and all the other current actions were " tinfoil hat conspiracy thinking". There is a party actively committed to implementing autocracy as fast as it can. To willfully ignore that and attempt to deflect from it as you are doing is wrong. Moreover, if you don't think an autocracy will hurt YOU because you are in some protected group, you are wrong — it might not hurt you first, but it will hurt everyone, including you.
- hunterpayne 1y ago
  Moved on from the fascist rhetoric I see.
  - toss1 1y ago
    Right, from a 24-day old account making only right wing political comments, a comment that addresses exactly zero of the points made by the initial post. And regarding ignoring fascism/authoritarianism, you need only look at the difference between fascist and democratic societies In democratic societies, the three branches of govt are independent, and the branches of civil society, press, academy, religion, business, industry, finance, entertainment, sport, and non-profits are ALL independent. In autocratic societies, the power of the government is abused to corrupt or coerce all three branches of govt and all segments of civil society to serve the will of the executive. EVERY single move by the person occupying the President's chair and his party as been to reduce or undermine the independence of the other government branches and all segments of civil society. The party who claims to be about "free enterprise" and "free speech" is seizing ownership of corporations, directly interfering in individual hiring decisions, and even making govt threats to get COMEDIANS fired. Seizing ownership of corporations, even partially, is more typical of Communist governments than democracies. See if you can find a single substantive exception since 20-Jan-2025 where this administration increased freedom of expression or freedom of economic action, especially when such expressions or actions were unfavorable to it.