Let's Talk Markets

This is part 2 of the AMA series on Naked shorts, RegSHO, and FTDs, and other market mechanics with Dartmouth professor, John Welborn.

This is part 1 of the AMA series on Naked shorts, RegSHO, and FTDs, and other market mechanics with Dartmouth professor, John Welborn.

This is a visual episode, so we suggest you bookmark it until you have time to see the video! Also available on our YouTube channel https://youtu.be/HXxQCe7nud8 This week we're going on a field trip! It's an all-access tour with Dave and Pink around the Urvin platform to show you just what we've been building for the last few years at theterminal.urvin.finance Sign up and join the community today... or take a test drive with our Market Heat Map with no account required! theterminal.urvin.finance/market-movers

This week, Dave is joined by "Crypto Dad" - Former CFTC Chair and current Chair of the Digital Dollar Project, Chris Giancarlo to discuss CBDC's and the future of digital currency. Read the accompanying blog post here: https://blog.urvin.finance/post/is-a-u-s--backed-cbdc-the-missing-link

This week we're continuing our conversation with Erik Smolinski and talking volatility, Bitcoin ETFs, and the implications of the ongoing conflict in the Red Sea and what that could mean for markets.

This week, Dave and Pink are joined by special guest James Tierney to discuss SEC v Jarkesy, regulation, and more.

This week we have a special, hour long episode with FinTech Analyst and author of Dollar Endgame, Peruvian Bull.

This week, Dave and Pink discuss naked short selling and Urvin's new short metric data, Robinhood's 24 hr trading, the year in review, and more.

Join Dave and special guest former Senior Enforcement Counsel in the Investor Protection Bureau at the NY State AG's office, John Castiglione as they discuss dark pools, the Martin Act, and just how nose-blind SRO's have become to some of the darker activity in our markets.

This week, Dave and Pink revisit our monthly macro series and are joined by special guests Claudia Sahm, Ophir Gottlieb, and Kyla Scanlon to discuss inflation, the Fed, and why there's such a disconnect between consumer sentiment and market data points.

Let's Talk Loopring! This week, Dave and Pink are joined by special guest, Byron from Loopring to discuss crypto, the future of NFTs, and of course, Loopring!

This week, Dave and Pink discuss the impact of We The Investors and the advocacy/regulation milestones worth celebrating over the last month, of which there are many! And of course we can't have that conversation without mentioning Florida representative Byron... Reynolds? No wait..... Dongle?... Donalds!... a so called Congressman accused Gary Gensler of astroturfing with "so-called individual" investors in a recent comment letter campaign. Be sure to stay tuned to the end of the video to check out the #SoCalledSoICalled music video! We The Investors- wetheinvestors.org

This week, Dave and Pink are joined by special guests Ophir Gottlieb and Claudia Sahm to discuss the signs and markers of a recession and whether we are headed for one.

This week, Dave and Pink are joined by special guests Dennis Dick and Erick Smolinski to talk bonds and equities markets and check their crystal balls to predict what's coming in the next 3-6 months.

This week, Dave and Pink are joined by special guest, Michael Gayed to discuss everything from the "smooth brain" moniker to the best ways to grow your money long term.

This week Dave is joined by Aaron Kaplan, founder and co-CEO of Prometheum to discuss crypto regulation and what constitutes a security.

Special guest Lee Schneider from Ava Labs joins Dave to discuss and debate the classification of crypto coins, NFTs, and more as securities.

This week we discuss the SEC, NFTs, and other TLA's (Three-Letter Acronyms) Monday, August 28th marked another milestone in the SEC's quest to exercise control over the rapidly expanding crypto space. The Commission charged L.A.-based media company Impact Theory, LLC for selling unregistered securities in the form of non-fungible tokens (NFTs). The SEC argues that Impact Theory's “Founder's Keys”—which it used to raise $30 million in capital—qualify as investment contracts. If this is indeed an accurate assessment, that would have placed the onus on the issuer of this NFT to register as a security with the SEC. For those who have been paying attention, this should all sound very familiar. The action follows closely behind the flurry of lawsuits around the alleged issuance and/or exchange of unregistered cryptocurrency tokens. 

The Financial Industry Regulatory Authority (FINRA) is usually the one handing out judgements. But just last month, the powerful self-regulatory agency (SRO) kind of got its own butt handed to it.  A July decision by the U.S. Court of Appeals for the D.C. Circuit could ultimately undermine the very core of FINRA's mission. Today, we are asking a fascinating question.  Is FINRA unconstitutional? Recent court decisions say…maybe? This week we welcome Ben Edwards, Professor at the William S. Boyd School of Law at UNLV to discuss what this decision could mean for our markets.

This week Dave Lauer and special guest Alexandra Damsker do a deep dive into the world of Crypto, CFTC, XRP, SEC, and a whole bunch of other acronyms and discuss the recent landmark decisions in the crypto world.

On this special episode of Let's Talk Markets, Dave Lauer is joined by John Ramsay- Chief Market Policy and Regulatory Officer- and Ronan Ryan- President and co-founder of IEX, as well as co-hosts of the Boxes and Lines podcast. Join them as they discuss Payment for Order Flow, rebates, and more.

This week, Dave discusses the $AMC APE court decision with special guest, Renato Mariotti, Former Federal Prosecutor and host of the It's Complicated podcast and YouTube channel.

This week we welcome Justin Slaughter of Paradigm to discuss the recent SEC vs. Ripple decision that is sending shockwaves through the investment community, and leaving people wondering... what the heck defines a security, and what does this all mean? Check out our accompanying blog post here!

This week's episode is about Climate Change, and what that has to do with our markets. We welcomed a special guest, Daniel Naim, CEO of Fennel Markets to discuss what this means for investors, and why it matters. Risk of loss when Investing/Trading securities is substantial. Consider your investment objectives, financial situation, risk tolerance and investment experience before transacting. Services offered by Fennel Financials LLC, member of FINRA and SIPC.

Gary Gensler is “taking a wrecking ball to every corner of our current equity market structure in one fell swoop.” With these remarks Congresswoman Ann Wagner (R-MO), Chair of the Financial Services Subcommittee on Capital Markets, opened a June 22nd hearing entitled Oversight of the SEC's Division of Trading and Markets, the topic of this week's conversation.

This week we start off by celebrating the Beta release of urvin.finance and bring on special guest Alex Cohen (aka u/StonkU2 to the reddit community!) to discuss the journey that has brought us to Beta release as well as our future! Alex currently serves as Urvin's COO but his true calling lies in being a trusted wrinkle-brain among the ape community! We also explore the topic of the week- the SEC Stabilization Act. Be sure to check out our accompanying Blog post on urvin.finance!

It looks like the private party is over for cryptocurrency.  Last week, the SEC filed two suits in rapid succession, accusing leading cryptocurrency exchanges Coinbase and Binance on trading unregistered securities. In doing so, the Commission is making an important claim, one that will likely shape the future of virtual currency.    In short, the Commission says cryptocurrencies are securities. If true, any unregistered exchange that sells these currencies, or any exchange which sells these currencies without registering them, is guilty of breaking the rules. On the surface, that seems a pretty simple proposition. As securities, virtual currencies would be subject to some regulatory oversight, including greater transparency and investor protection. But isn't this a threat to the very spirit of decentralized finance? After all, the SEC is pretty central.  Well, here's the thing. We're not here to take sides in the battle of regulators versus crypto. As always, we side with individual investors.

This week we discuss SEC waivers granted to those with the elite 'WKSI' status. In 2005, the SEC introduced an innovative new issuer category called Well-Known Seasoned Issuer status. Qualifying for this status is a license to party.  As a WKSI, you have access to SEC-issued waivers. These are granted in the event of a criminal conviction. The way the SEC explains it, “A waiver, which could include conditions or undertakings, may be granted if a review of all of the facts and circumstances leads the Division to conclude that granting the waiver would be consistent with the public interest and the protection of investors.”

If you've been following along, We The Investors (WTI) kicked some serious ass on our comment letter campaign. With more than 5,300 comment letters, we demonstrated clear, widespread, and well-informed support among individual investors for the SEC's equity market structure reforms including: Regulation NMS Regulation Best Ex; and  The Order Competition Rule. Rest assured, you have been heard. The SEC is listening to us. We have a seat at the table, which is one hell of a start. But somebody else is listening. Those who oppose us are also receiving our message loud and clear.

Last week, Robinhood announced that the app-based brokerage will now be providing customers with access to 24 hour trading. This week we do a deep dive into why that's a bad idea for retail investors, for multiple reasons.

Last week, the American Bankers Association urged federal regulators to investigate the sudden surge of short sales on publicly traded banking equities. The Association described the short sales and the resulting stock price failures as "disconnected from the underlying financial realities.” The big takeaway here—we simply don't have enough visibility into short selling. We can't know the possible extent of abusive short-selling practices, especially in light of recent banking failures. We also discuss briefly the 24 hour trading that Robinhood has recently rolled out. (Three words- IT'S A TRAP!)

This week Dave discusses the SEC Oversight Hearing with Chair Gensler, the SIFMA Roundtable (here's the link if you'd like to watch) and the 35,000 signatures collected by WTI so far on the most recent SEC letter.

This episode was recorded a few weeks earlier than its publish date. This week Dave discusses the recent We The Investors interview with Gary Gensler regarding DRS, PFOF, and more. The 2nd Gary Gensler interview can be found here: https://www.youtube.com/live/a2Ao3DjvjB4?feature=share

This week Dave talks about some of the industry comment letters on the recent SEC proposals regarding the Order Competition Rule and tick sizes.

This week on Let's Talk Markets, we discuss the close of the most recent SEC comment period and the stark contrast from Citadel's 2004 comment letter regarding their position against the Order Competition Rule, and their opposition to it now. We also discuss next steps and how individual investors can stay engaged in the rule-making process through We The Investors.