U.S. Department of the Treasury, IRS Release Proposed Regulations on Sales and Exchanges of Digital Assets by Brokers. OPEN for comment!

by Dismal-Jellyfish Source: https://public-inspection.federalregister.gov/2023-17565.pdf How to comment: www.regulations.gov (use IRS and REG-122793-19 to identify your submission) 60 days is October 28th, 2023 60 days is October 28th, 2023 Press Release: The U.S. Department of the Treasury (Treasury Department) and the Internal …

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Debit Balances in Customers’ Securities Margin Accounts increased by $37,058 million, or 5.75% from May to June–the biggest jump since December 2022. This implies that customers are borrowing more money from their brokers to buy securities on margin.

by Dismal-Jellyfish https://www.finra.org/rules-guidance/key-topics/margin-accounts/margin-statistics Source: https://www.finra.org/sites/default/files/2021-03/margin-statistics.xlsx Wut mean?: According to FINRA Rule 4521(d), FINRA member firms with customer margin accounts must report by the last business day of each month: Total debit balances in securities margin accounts. Total free credit balances …

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