2001 cobra r for sale

Gun Accessories for Sale

2018.03.21 23:24 CannibalVegan Gun Accessories for Sale

MODERATORS WILL NOT ASK FOR YOUR ACCOUNT INFO FOR ANY REASON. USE COMMON SENSE. This subreddit is dedicated to the legal sale of firearm related accessories and add-ons that are not banned by Reddit Policy. It was created after the Feb 2018 unannounced rule change and subsequent blanket ban of innocent gun-specific communities.

2017.08.04 18:00 DaymanX Cobra Kai On Netflix

Welcome to Cobra Kai! Fear does not exist in this dojo. Pain does not exist in this dojo. Defeat does not exist in this dojo. Strike First, Strike Hard, No Mercy. This is a place for discussing all things related to the Netflix (previously YouTube Premium) series Cobra Kai, the world of The Karate Kid and its sequels (even the Swank one). Show created by Jon Hurwitz, Josh Heald, and Hayden Schlossberg.

2018.01.09 19:35 Curelli Post deals for manga, anime, anime figures and other related items.

Post deals for manga, anime, anime figures and other related items!

2023.06.07 23:21 Sarkonix r/OfficialMkeBucks Lounge

A place for members of OfficialMkeBucks to chat with each other
submitted by Sarkonix to OfficialMkeBucks [link] [comments]

2023.06.07 23:20 friscom [USA][H] Analogue Pocket [W] Paypal

Confirmed transactions from gamesale here
I haven’t updated my flair in years, so I’ve got a ton more transactions since then. Feel free to check my post history.
Price doesn’t include shipping.
I bought this for my son, but he wasn’t interested.
Opened it and turned it on once to make sure it works. It’s been in the box since.


submitted by friscom to GameSale [link] [comments]

2023.06.07 23:20 Defiant-Management58 r/oiurd3 Lounge

A place for members of oiurd3 to chat with each other
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2023.06.07 23:20 AutoModerator Iman Gadzhi - Agency Navigator (Complete)

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2023.06.07 23:20 Squidpsyco Re-live some of the best moments from the Thunder season. Which are your favorites?

I’ve compiled some of the best/most memorable moments and highlights from this 2022-23 Thunder season. Enjoy!
5/17/2022: Thunder get the 2nd Overall pick in the draft lottery
2022 Lottery Thread
6/23/2022: Thunder draft two Jalen/Jaylin Williams’s
Reaction thread here Spider-Man meme here
7/5/2022: Chet puts up 23/7/4/6 in Summer League debut
Highlights on nba here
7/6/2022: Dort contract extension
Reaction thread here
7/20/2022: Kenny Hustle contract extension
Reaction thread here
10/29/2022: Isaiah Joe leads the 16 point comeback in the final 4 minutes vs. Dallas
YouTube Highlights nba PGT Thunder PGT
11/14/2022: Wiggins gets the putback dunk vs. the C’s
11/16/2022: SGA gets the game winning three to fall vs. Washington
Highlight on nba
12/5/2022: Giddey hits the logo three
12/21/2022: SGA hits the game winner vs. Portland
Highlight on nba
12/29/2022: Tre Mann dunks over Jalen McDaniels
1/3/2023: Thunder blow out the Celtics without SGA
YouTube Highlights nba PGT Thunder PGT Isaiah Joe dunk on Payton Pritchard
1/13/2023: Giddey one-legged fadeaway vs. Chicago
1/18/2023: Giddey gives a subtle finger wag singal to SGA for the jam
1/22/2023: SGA hits the game winner and Dort clamps Jamal Murray for the win vs. Denver
SGA shot on nba Dort defense on nba
1/25/2023: JDub blocks Trae Young and then dunks it on the other end
1/26/2023: SGA announced as first time All-Star
Thunder reaction thread
2/4/2023: Thunder put up 150 vs. the Rockets in a revenge game
YouTube Highlights nba PGT Thunder PGT
1/27/2023: JDub dunks on two Cavs
2/7/2023: Thunder beat Lakers on national TV to spoil LeBron’s scoring record
YouTube Highlights nba PGT Thunder PGT
2/10/2023: Great defense leads to the SGA bounce pass to JDub for the MONSTER jam
2/15/2023: JDub with the massive poster on Sengun
3/19/2023: Thunder make a 23-4 run in 4th to beat Phoenix
Highlights from YouTube nba Post-Game Thread Thunder Post-Game Thread
3/21/2023: Dort clamps Kawhi to seal the win
Highlight on nba
3/29/2023: Dort massive dunk on Marvin Bagley III
3/29/2023: JDub gets the putback to beat Detroit
Highlight on nba
4/12/2023: SGA, Giddey, and Dort lead the Thunder to the play in win vs. New Orleans
Highlights on YouTube nba PGT Thunder PGT
5/10/2023: SGA voted First Team All-NBA
Thunder reaction thread
submitted by Squidpsyco to Thunder [link] [comments]

2023.06.07 23:19 AutoModerator How To Watch Fast X Online Free At Reddit

Motion Pictures! Here are options for downloading or watching Fast X streaming the full movie online for free on 123movies & Reddit, including where to watch Disney's latest live-action adaptation movies at home. Is Fast X 2023 available to stream? Is watching Fast X on Peacock, Disney Plus, HBO Max, Netflix or Amazon Prime? Yes, we have found an authentic streaming option/service.
🟢Watch Now:➡ Fast X (2023) Movie Online Free
🟢Watch Now:➡ Fast X (2023) Movie Online Free

It's time to dive under the sea once again. Over the last few years, Disney has recreated their top animated musical films into live-action movies. Fast X is no different, and viewers can't wait to swim into theaters to catch a glimpse of how the movie will stand up against the original version.

The latest of Disney's hugely successful line of live-action remakes, Ariel (Halle Bailey) is set to return to theaters for the first time in almost thirty-five years with Fast X (2023). The Walt Disney Company once again invites audiences to travel under the sea to see Princess Ariel's story unfold like never before. Featuring direction from veteran musical filmmaker Rob Marshall and other roles inhabited by major Hollywood stars like Melissa McCarthy as Ursula the Sea Witch and Javier Bardem as King Triton, the film is bound to be a bona fide hit at the box office.

Though the upcoming and highly anticipated film will have stiff competition against two stand-up comedians on the weekend it releases, Fast X is destined to show that life is better down where it's wetter under the sea this Summer movie season. The 2023 live-action movie will only be available in theaters starting May 26. That means if you want to watch it ASAP.

However, it will be available to stream on the Disney+ platform soon. Disney+ typically follows a 90-day period before its theatrical releases come to the streaming platform. That means we may see the live-action version of "Fast X" come to Disney+ as early as August 2023.

Before we ask if you're interested in seeing this, we know you are. But like us, you're probably wondering how to watch and stream Fast X online. Luckily, we have some clues and it's likely to land on a major streaming site very soon. So climb aboard, because here's where to watch and stream Fast X online.

What Is the Release Date for Fast X?

Ariel's quest to go from a mermaid into a human begins anew when Fast X premieres this Memorial Day Weekend on Friday, May 26th, 2023. The film will be going up against not one, but two stand-up comedians and their films that weekend, with Sebastian Maniscalco's About My Father and Bert Kreischer's The Machine premiering on the same day. That said, Fast X will almost certainly be the choice for younger audiences and families.

While some Disney films are heading straight to Disney+, Fast X will first be shown exclusively in theaters.

Where To Watch Fast X Online:

As of now, the only way to watch Fast X is to head out to a movie theater when it premieres on May 26, 2023. You can find a local showing on Fandango.

Watch Now: Fast X (2023) Movie Online Free

Otherwise, you’ll just have to wait for it to become available to rent or purchase on digital platforms like Amazon, Vudu, YouTube or Apple, or become available to stream on Disney+.

How to Watch Fast X

At the moment, you can watch Fast X at your local theater. But like most movies these days, it should hit a streaming website in the near future.

Like its predecessor, Fast X is a flick produced by multimedia conglomerate Disney. What's more, the production studio owns a number of other famous franchises, like the Marvel Cinematic Universe and Star Wars. Titles made under these umbrellas have both hit Disney+ sometime after arriving at the box office. Fans may also know the original Little Mermaid is currently available to stream on the site as well. So, if the 2023 version follows the same pattern, folks will likely get to see Fast X on Disney+ later this year too.

As for an exact release date for Fast X, that's more complicated. Most movies produced by Disney often go to its streamer site within three months after debuting in theaters, like the most recent Marvel film Ant-Man and the Wasp: Quantumania. If this is the case for Fast X, it will probably drop in late August 2023 or sometime near Labor Day in early September.

When the time comes for Fast X to splash onto Disney+ though, make sure you're all prepared to watch it. If you don't have access yet, you can opt into a 30-day free trial before choosing a plan that start at $7.99 per month or $79.99 per year. After your account is all set, click on the title page on Disney+'s official website or the Disney+ app.

As you wait for Fast X to hit the streamer, why don't you watch the animated version and its sequel Fast X 2: Return to the Sea? Or if you want to immerse yourself in another live-action version, click on the 2019 ABC TV special Fast X Live!. Enjoy!

Is Fast X Streaming or in Theaters?

Unlike several of Disney's other live-action remakes such as Pinocchio and Peter Pan & Wendy, Fast X will be exclusively in movie theaters first with tickets available for pre-sale now.

After Fast X has completed its exclusive theatrical run, the film will be released on the Disney+ streaming service. Based on Disney's past release models, the film won't be made available to stream before 45 to 90 days after its theatrical release.

How can I watch Fast X at home?

Now that movie theaters seem to be back, Fast X live-action film will be an in-theater release first before being released to at-home video. That means that your only chance to watch it right now is by going to your local theater.

However, don't lose all hope. Since it's a Disney movie, it will eventually make its way over to Disney+ after a few months on the big screen. It will also be available on other streamers like Amazon Prime Video, iTunes, Google Play, and more to rent and own at your leisure.

If you're hoping to get your mermaid kick in now, then you can tune into the original Fast X which is available on Disney+ and other streaming services including Amazon Prime Video, iTunes, and the Google Play store.

Will Fast X Be Streaming On Disney+?

The 2023 version of Fast X will only be in theaters initially. After Fast X has completed its exclusive theatrical run, it is likely to stream on Disney Plus. You can also watch the animated version of Hans Christian Andersen's 1837 fairy tale of Ariel on Disney Plus now.

While you will only be able to catch the new "Fast X" in theaters starting next Friday, you can still sign up for Disney+ now to refresh yourself on the characters, song, plot and magical fun from the highly anticipated film. The 1989 version of the movie was a catalyst for Disney's animation renaissance throughout the '90s and it still holds up today.

An ad-supported Disney+ subscription starts at $8 per month, but you can get an ad-free access to the service for $11 monthly or bundle the Disney streaming service with Hulu and ESPN+ starting at $13 per month. Disney+ boasts a huge collection of movies and television series, including Marvel and Star Wars content. If you add in Hulu and ESPN, you have nearly unlimited entertainment at your fingertips.

When will Fast X be streaming on Disney+?

Fast X Disney+ premiere date is tentatively estimated to be Aug. 30, 2023.

While no official Little Mermaid streaming date has been confirmed by Disney, most of its major movie releases drop on Disney+ following a minimum 90-day period, and typically premiere on the platform on Wednesdays, making Wednesday, Aug. 30 the most likely date for Disney’s Fast X live-action streaming release.

Is Fast X streaming on Netflix?

No, Fast X will not be on Netflix — at least not any time soon. In the meantime, you’ll just have to head out to a movie theater or wait for it to become available to stream on Disney+.

Will Fast X Be On HBO Max?

No, Fast X will not be on HBO Max since it’s not a Universal Pictures movie. Last year, the company released its films in theaters and on the streamer on the same day. However, they now allow a 45-day window between the theatrical release and the streaming release.

Is Fast X Available On Hulu?

Viewers are saying that they want to view the new animation movie Fast X on Hulu. Unfortunately, this is not possible since Hulu currently does not offer any of the free episodes of this series streaming at this time. It will be exclusive to the MTV channel, which you get by subscribing to cable or satellite TV services. You will not be able to watch it on Hulu or any other free streaming service.

How to Watch Fast X Online For Free?

Most Viewed, Most Favorite, Top Rating, Top IMDb movies online. Here we can download and watch 123movies movies offline. 123Movies website is the best alternative to Fast X (2023) free online. We will recommend 123Movies is the best Solarmovie alternatives.

There are a few ways to watch Fast X online in the U.S. You can use a streaming service such as Netflix, Hulu, or Amazon Prime Video. You can also rent or buy the movie on iTunes or Google Play. You can also watch it on-demand or on a streaming app available on your TV or streaming device if you have cable.

Fast X Cast and Characters

Fast X was written by David Magee and directed by Rob Marshall. It stars the following actors:

Halle Bailey as Ariel

Melissa McCarthy as Ursula

Javier Bardem as King Triton

Noma Dumezweni as Queen Selina

Jonah Hauer-King as Prince Eric

Daveed Diggs as Sebastian

Awkwafina as Scuttle

Jacob Tremblay as Flounder

Art Malik as Sir Grimsby

What is Fast X About?

The official synopsis for Fast X by Walt Disney Studios read:

“Fast X” is the beloved story of Ariel, a beautiful and spirited young mermaid with a thirst for adventure. The youngest of King Triton’s daughters and the most defiant, Ariel longs to find out more about the world beyond the sea, and while visiting the surface, falls for the dashing Prince Eric. While mermaids are forbidden to interact with humans, Ariel must follow her heart. She makes a deal with the evil sea witch, Ursula, which gives her a chance to experience life on land, but ultimately places her life – and her father’s crown – in jeopardy.

There is not much mystery in Fast X's plot. As seen in Disney's many other live-action remakes, it is anticipated that the film's plot will largely stick to the original. With the well-known song "Part of Your World," in which Ariel sings about her wish to be a part of the world beyond the water, i.e., the human realm, the teaser already alluded to Ariel's fascination with the human world. Fans will get to see Ariel and Prince Eric's romance as they deal with the challenges posed by their differences.
submitted by AutoModerator to FastXFreOnlineNow [link] [comments]

2023.06.07 23:19 Rel_Decisions_Lab Paid Study For Non-Monogamous Couples

Hi there,
We are a research team at Western University, and we are actively recruiting non-monogamous couples for a paid 12-week diary study.
We understand that although those who identify as non-monogamous have fulfilling and loving relationships, they still face discrimination as society largely assumes monogamy to be the “default setting” in partnerships. It is our hope that through research, a broader understanding of these relationships can help to dispel some of the stigma these relationships may face.
You are eligible for this study if:
You have only one partner you would consider as your main or primary partner
You and your main partner are in a consensually non-monogamous relationship
You and/or your main partner regularly engage in intimate/sexual activity outside of your relationship
Both you and your partner are at least 24 years old
Both you and your partner are willing to participate
After you and your partner each complete an initial 10-minute survey, you will be emailed a 5-minute survey each week for 12 weeks. You will be compensated up to $40 ($80 per couple). Compensation is based on the number of surveys completed.
Your participation will create meaningful advancements in relationship science, and we thank you for your consideration. We invite you to respond fully and honestly; the goal of this research is to be inclusive, supportive, and free of judgement.
If you and your partner think you may be eligible and are interested in participating, please email us at: [email protected]. For more information about our lab, visit us at www.relationshipdecisions.org.
Nini Longoria
Graduate Student
Psychology Department
Western University
Samantha Joel, PhD
Assistant Professor
Psychology Department
Western University

Academic research post approved by sex moderators 06032023-1j9a6h
submitted by Rel_Decisions_Lab to sex [link] [comments]

2023.06.07 23:19 Hungry-Intention3088 Is there such a thing as a “Toronto snob”?

I wrote this post about whether people want to live in Toronto earlier today and was quite surprised to see just how different the Canadian experience is to the American “if you can make it here, you can make it anywhere.” You don’t like or need Toronto and that’s awesome!
With that in mind, do you think that Toronto residents have an overly inflated sense of their own importance? New Yorkers sometimes do but there are enough very successful people in other cities to make this snobbish attitude laughable for many Americans.
submitted by Hungry-Intention3088 to AskACanadian [link] [comments]

2023.06.07 23:19 DebonairRealm Debonair Chapter 3: Sweet Escape ft. Gwen Stefani

Debonair Chapter 3 is impending…
For nearly 3 years, Debonair has been the bedrock Minecraft community for aspiring builders and social players alike to thrive and promote creativity and exploration of grand measures. Now, it’s time for us to start anew. Consider joining us for our new world with the 1.20 update!
Here’s our photo album from the first world and our second world. With our classic quarterly-elected congressional leadership system, we do everything in our power to develop a welcoming, aesthetically exuberant environment that offers multiple avenues of fun for all. We’re looking for a new generation to join us! Come check us out on our discord. We hope to see you there!
submitted by DebonairRealm to Minecraft_Realms [link] [comments]

2023.06.07 23:19 AffectionateStep5001 Rakuten Canada Referral - $30 when you make a purchase of $30 or more at participating stores online 🇨🇦 :)

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Once you accumulated enough cashback, it can be deposited into your PayPal or you can request a cheque.
You earn $30 after a purchase of $30+, within the first 90 days of signing up, on one of the many supported stores.
Get started here: https://www.rakuten.ca/minimal
Thanks for considering this referral :)
submitted by AffectionateStep5001 to MoneyMaking [link] [comments]

2023.06.07 23:19 Sea-Profession-239 r/ndssl7 Lounge

A place for members of ndssl7 to chat with each other
submitted by Sea-Profession-239 to ndssl7 [link] [comments]

2023.06.07 23:18 Ted__Bunny Discution: Best movey sub(reddit)

Their are so many movey sub reddit's and so little time, arg how do I decide???
/movey's - ban to quick. Yes it's called movey's but they ban you if you you discuss ANY thinhg else. Even real important thing's like you're health and nutrission.
/True Flm - The FANCY movey sub but their so far up there own ass they delete your commant's.... and don't even MENTION marvle movey's, there to good for them their. Good RIDDENCE I say.
/movey's circle jerk - may be the second best sub reddit then this one. Every one their is pretty on the level and willing too engage in discussion. Also PLENYT of up vote's if you run out
And off course...................... / cinemaAtTheCinema (this place where Im posting) - Probahly the hardest to spell out of these but I have it book marked so it's mute point! Good place for health tip's as well
So what about you what do think
submitted by Ted__Bunny to OnCinemaAtTheCinema [link] [comments]

2023.06.07 23:18 BoomShackaLocka_ FS - Autos for sale - prices in comments. Discounts for multiple purchases. Shipping price negotiated upon preferred shipping.

FS - Autos for sale - prices in comments. Discounts for multiple purchases. Shipping price negotiated upon preferred shipping.
Everything is OBO
submitted by BoomShackaLocka_ to baseballcards [link] [comments]

2023.06.07 23:18 Party_Crow_8318 Got sick, stopped cycle, nips hurt now

I was abt 20 days into a 12.5mg daily Ostarime cycle i got violently i’ll and still and sick rn including a fever sore throat and body chills, my nipples r now being sensitive like two days after stopping i’m out of state so haven’t been able to start nolvadex, am i getting gyno? i have some pubertal gyno like the little breast tissue bud under my areola but they haven’t been sensitive for years.
submitted by Party_Crow_8318 to SARMs [link] [comments]

2023.06.07 23:18 Dismal-Jellyfish Commissioner Hester M. Peirce: "Although I agree with the objectives of these rules—namely, to reduce the incidence of misconduct in the security-based swap markets—these final rules leave unaddressed concerns I had at the proposing stage about their breadth, and I accordingly cannot support them."

Commissioner Hester M. Peirce:

Source: https://www.sec.gov/news/statement/peirce-statement-security-based-swaps-060723
Thank you, Mr. Chair. As we have just heard, today the Commission will vote on finalizing Rule 9j-1, which would prohibit fraud and manipulation involving purchases and sales of security-based swaps, and Rule 15fh-4(c), which would prohibit coercion, manipulation, or deception of a security-based swap entity’s chief compliance officer. Although I agree with the objectives of these rules—namely, to reduce the incidence of misconduct in the security-based swap markets—these final rules leave unaddressed concerns I had at the proposing stage about their breadth, and I accordingly cannot support them.
The version of Rule 9j-1 before us today is better than the proposed version. The final rule would adopt a considerably narrower definitions of purchase and sale than the expansive proposed definitions that would have covered the performance of obligations arising out of a security-based swap for the life of the transaction. The definitions in the final rule instead generally tracks the Dodd-Frank definitions of these terms. This change should reduce the likelihood that every action taken by a counterparty to a security-based swap during the life of the transaction, including actions required under the swap’s terms, will expose it to liability. In another positive change, the release also makes clear that attempted violations of the rule require scienter. Finally, the affirmative defenses should mitigate—even if they do not eliminate—the risk that the rule might make it impossible for a lender, which will often possess material non-public information on its borrowers, to use credit default swaps to hedge the risks of those loans.
Notwithstanding these improvements, the final rule is still overly broad. The affirmative defenses may not provide market participants with sufficient clarity to allow them, for example, to feel confident somebody on a firm’s trading desk can hedge a loan using security-based swaps when the firm has obtained material non-public information in connection with the loan. As another example, the negligence standard applicable to paragraphs (a)(3) and (a)(4) of the rule may facilitate second-guessing in enforcement actions.
Most concerning, however, is an overbroad anti-manipulation provision directed at manufactured credit events and other types of opportunistic trading strategies. This provision, too, has been narrowed since the proposal; the provision no longer contains the “directly or indirectly” language, and the release makes clear that violation of this provision requires scienter. But the release describes the scope of the provision in the same broad and ambiguous terms to which I objected when the rule was proposed.[1] Indeed, in words nearly identical to those in the proposal, the release explains that this provision would apply to “an action taken for the purposes of avoiding or causing, or increasing or decreasing, a payment under a security-based swap in a manner that would not have occurred but for such actions.”[2]
As did the proposing release, the adopting release does attempt to provide assurance to market participants that the Commission will use this provision to pursue only “actions taken outside the ordinary course of a typical lender-borrower relationship.”[3] Yet, as one commenter noted, market participants must look to the text of the rule, [4] which makes no reference to (and offers no safe harbor for) actions taken in the ordinary course. Moreover, the Commission repeatedly notes in this discussion that whether an action is taken in the ordinary course is a “facts and circumstances” inquiry under which the Commission will review “all relevant facts.”[5] Although this approach does ensure maximum flexibility for the Commission to pursue misconduct that is hard to describe ex ante, it does so at the expense of clarity for firms that will have to guess at what facts the Commission may, in hindsight, determine to be relevant.
The Commission feels compelled to preserve maximum flexibility for itself because it is trying to prohibit harmful but exceedingly difficult-to-define behavior that has occasionally appeared in the credit default swap markets. This behavior includes manufactured credit events and other opportunistic trading strategies that can cause the market to question whether these instruments will serve the purposes for which they were designed. Drawing in advance a line that cleanly distinguishes between manipulative conduct and actions taken in the normal course of business, even if they are unseemly and potentially unfair, is difficult. That the opportunistic trading strategies the rule targets have occurred relatively infrequently, and that each generally has presented distinct facts, makes the rule-writing task more difficult.
Preserving discretion for the Commission could chill, unnecessarily, perfectly legitimate trading strategies or exercises of a counterparty’s rights under a security-based swap.[6] Moreover, as one commenter noted, security-based swaps are often used to hedge complex financing arrangements that involve heavily negotiated terms providing the lenders with a range of options to protect themselves from the borrower’s default.[7] Lenders worried that they may not be able to exercise such rights without affecting the value of the security-based swap in a way that the Commission later might view as manipulative may be less willing to provide financing in the first place.[8] Moreover, because the release suggests that action—such as rescuing a failing firm—will be subject to greater scrutiny than inaction—such as letting a failing firm collapse—the rule risks spurring inaction and thus reducing market efficiency.[9]
Some circumstances might warrant a rule with these chilling effects, but no such circumstances are present here. The targeted misconduct has occurred only relatively infrequently in this market. Our anti-fraud rules likely already prohibit some of that conduct.[10] And, in a demonstration of the power of private ordering, market participants themselves have addressed some of the offending conduct. Sophisticated repeat players are well-placed to police one another for undesirable conduct, even if it is not illegal. In 2018, the International Swaps and Derivatives Association publicly acknowledged that these manufactured credit event strategies could affect negatively the security-based swap market and in 2019 made its Narrowly Tailored Credit Event Protocol available for adherence by counterparties.[11] This Protocol appears to have eliminated much of the destructive behavior simply by introducing greater uncertainty that these strategies could succeed. As the release notes, this Protocol does not address every possible such strategy, but, the release also does not challenge one commenter’s assertion that these strategies have become “extremely infrequent.”[12] In short, the Commission’s desire to maximize its own flexibility in this anti-manipulation provision does not seem to further any regulatory objective. To the contrary, this rule likely will deter far more entirely legitimate activity than it will prevent truly manipulative activity. The Commission instead should delay taking any action here and wait to see whether the problem of opportunistic trading strategies is significant enough to warrant a solution as blunt as the one before us today.
We can all agree with the sentiment of Rule 15fh-4(c): coercing, manipulating, or deceiving a CCO is bad behavior. But regulation—even regulation that prohibits bad things—always involves trade-offs. Will subjecting every interaction between employees and a CCO to potential legal liability empower the CCO to do her job or simply make employees less likely to approach the CCO to seek her input on compliance-related issues?
I do have a few questions:
If a bank provides a loan to a customer and, in the process of negotiating the terms of that loan comes into possession of material non-public information, would the affirmative defenses permit the bank to hedge that loan exposure through a credit default swap? If so, under what conditions?
LSTA noted in its March 2022 letter that the broad language of the anti-manipulation provision coupled with the use of a facts and circumstances test to determine whether a transaction was in the ordinary course would likely chill perfectly legitimate exercises of a lender’s rights expressly provided for in heavily negotiated financing arrangements.[13] Can you provide me any comfort that these fears are groundless?
The economic analysis suggests that Rule 9j-1 will benefit the market by reducing fraud and manipulation, including opportunistic trading strategies, and thereby increase confidence in the security-based swap market. In July 2022, the Managed Funds Association submitted a comment letter presenting data that it claimed suggested that there was no evidence of any lack of confidence among market participants.[14] The economic analysis seems to wave this evidence away as not persuasive, but does not provide any countervailing evidence that the market is laboring under a significant risk of fraud or manipulation. Is there any such evidence? What evidence, if any, do we have that manufactured credit events or other opportunistic trading strategies continue to present a risk to the market?
One law firm submitted a comment letter identifying different types of market activity it described as “legitimate” that “would be threatened by” Rule 9j-1.[15] I’d like to understand better how the staff would view these examples from that letter:
“An investor who holds CDS (either long or short) participating in an ad hoc restructuring group.”
“An investor who holds bonds and has bought CDS refusing to consent to a restructuring, choosing to rely on CDS protection.”
“An investor who owns bonds and has sold CDS selling bonds back to the Reference Entity.”
“An investor who has sold CDS providing rescue financing to distressed issuers.”
The release states that “misconduct that affects the payments and deliveries under one security-based swap could be prohibited by final Rule 9j-1 if that misconduct occurs in connection with effecting or attempting to effect transactions or purchasing or selling or attempting to induce the purchase or sale of any security-based swap, and not just the security-based swap that was the subject of the misconduct.”[16] Could you provide an example of what type of misconduct this might encompass?
The final rule prohibits manipulation of the price or valuation of a security-based swap. The release states that “the pricing and valuation of security-based swaps are intrinsically connected.”[17] If this is the case, why is it necessary to prohibit manipulation of valuation, given that manipulation of valuation would also almost certainly result in manipulation of price?
Although I cannot support today’s adoption of these rules, I do appreciate the effort that the staff put into reviewing the comments and taking to heart those comments in an effort to make the rule more workable. I especially appreciate the time that Carol McGee spent with me to answer my questions about the rule and Pam Carmody’s work on drafting it. I also want to acknowledge the contributions of the Office of the General Counsel.

Final Rule (136 pages):


Overview of Security-Based Swaps

Security-Based Swaps Generally:
  • Although the definition of security-based swap is detailed and comprehensive, at its most basic level, a security-based swap is an agreement, contract, or transaction in which two parties agree to the exchange of payments or cash flows based upon the value of other assets or upon the occurrence or non-occurrence of some event, including, for example, a change in a stock price or the occurrence of some type of credit event.
  • The exchange of these payments or deliveries, including purchases or sales upon certain events, is a fundamental aspect or feature of a security-based swap.
    • Moreover, this feature of security-based swaps is in contrast to secondary market transactions involving equity or debt securities where the completion of a purchase or sale transaction terminates the mutual obligations of the parties.
  • Security-based swap counterparties, who are considered the issuers of the security-based swaps, continue to have obligations to one another throughout the life of the instrument, which can extend for years if not decades.
  • Parties may enter into a security-based swap for a multitude of reasons, but often, the parties to the contract seek to gain exposure to an asset without owning it or to manage or transfer risks in their asset and liability portfolios (e.g., credit or equity risks).
  • Typical participants in the security-based swap market include, among others, lenders transferring credit risk, insurance companies managing asset and liability risk specific to the insurance industry, activists or hedge funds obtaining exposure to the price movement and dividend payments of a stock without the costs and burdens of stock ownership, and financial institutions that engage in market-making and dealing in security-based swaps.
  • The terms of the contract between the counterparties determine the specific rights and obligations of the parties throughout the life of the security-based swap, including, for example, the amount and timing of periodic payments due under the instrument, the maturity of the instrument, and terms of settlement.
  • Unlike other types of securities where settlement occurs when the buyer receives the security purchased and the seller receives cash equaling the value of the security sold, for security-based swaps, a final net payment is paid by one party to the other at a future point in time to which the parties have contractually agreed.
Two common examples of security-based swaps – credit default swaps (“CDS”) and total return swaps (“TRS”)
  • Generally, a CDS is a contract in which a party (the “protection buyer”), such as a lender, agrees to make periodic payments (the “premium”) over an agreed upon time period to another party (the “protection seller”) in exchange for a payment from the protection seller in the event of default by an issuer (or group of issuers) of securities (the “reference entity”).
  • The CDS contract states whether the CDS is settled physically or in cash in the event of default by the reference entity. Generally, the protection buyer is using the CDS to manage risk and the protection seller is using the CDS to take on risk in return for a premium. A cash-settled CDS contract relying on ISDA documentation is subject to determinations by a committee with respect to whether a defined default event (a “credit event”) has occurred and, if so, to hold an auction to determine the settlement price of the CDS.
    • The auction process includes the determination and publication of a list of deliverable obligations that a CDS protection buyer can deliver to the CDS protection seller after the auction settlement.
    • A CDS protection buyer can deliver any of the obligations on the list, with delivery of the cheapest deliverable obligation maximizing recovery.
    • This feature of CDS contracts is an aspect of some of the manufactured or opportunistic strategies discussed in section I.B.2.
  • A TRS may obligate one of the parties (i.e., the total return payer) to transfer the total economic performance (e.g., income from interest and fees, gains or losses from market movements, and credit losses) of a reference asset (e.g., a debt or equity security) (the “reference underlying”), in exchange for a specified or fixed or floating cash flow (including payments for any principal losses on the reference asset) from the other party (i.e., the total return receiver).
  • If the TRS is negotiated over-the-counter, the terms of the TRS can be individually negotiated and could include one payment at the expiration of the TRS or might include a series of payments on periodic interim settlement dates over the tenor of the TRS.
    • For TRS with periodic interim settlement dates counterparties could agree to reset the price of the reference underlying on the periodic interim settlement date based on current market prices of the reference underlying (“reference price”).
    • Accordingly, throughout the life of a TRS, depending on the terms of the TRS, the reference price that determines that payment on periodic interim settlement dates might be reset based on current market prices of the reference underlying
Security-Based Swap Market Developments
  • In 2010, following the 2008 financial crisis, Congress enacted the Dodd-Frank Act “to promote the financial stability of the United States by improving accountability and transparency in the financial system.”
  • Title VII of the Dodd-Frank Act addressed significant issues and risks in the swap and security-based swap markets, which had experienced dramatic growth leading up to the 2008 financial crisis and were shown to be capable of affecting significant sectors of the U.S. economy.
  • In testimony before Congress introducing the first draft of the Dodd-Frank Act, Treasury Secretary Timothy Geithner highlighted the risks posed by an unregulated OTC derivatives market, which had been operating without the “basic protections and oversight” existing in the rest of the financial systems, including a “limited ability to police fraud and manipulation.”
  • In his written testimony, Secretary Geithner listed four broad objectives of the proposed reforms which were eventually enacted as Title VII of the Dodd-Frank Act:
  1. Preventing activities in the OTC derivatives markets from posing risk to the stability of the financial system;
  2. Promoting efficiency and transparency of the OTC derivatives markets;
  3. Preventing market manipulation, fraud, and other abuses; and
  4. Protecting consumers and investors by ensuring that OTC derivatives are not marketed inappropriately to unsophisticated parties.
  • The security-based swap market remains large. Based on information reported pursuant to 17 CFR 242.900 to 242.909 (“Regulation SBSR”), as of November 25, 2022, the gross notional amount outstanding in the security-based swap market is approximately $8.5 trillion across the credit, equity, and interest rate asset classes.
    • The credit security-based swap asset class is large, with a gross notional amount of approximately $4.7 trillion, of which single-name CDS (including corporate and sovereign) account for the largest category at $4.3 trillion.
    • Additionally, as indicated by data submitted pursuant to Regulation SBSR, the size of the equity security-based swap market is also significant – with approximately $3.6 trillion of equity security-based swaps outstanding as of November 25, 2022.
'The trouble'
  • In general, the ongoing payments of a security-based swap depend, in part, on its gross notional amount outstanding.
  • The particular aspects and characteristics of security-based swaps (described above in section I.B.1) provide opportunities and incentives for misconduct.
  • In general, parties to a security-based swap may engage in misconduct in connection with the security-based swap (including in the reference underlying of such security-based swap) to trigger, avoid, or affect the value of ongoing payments or deliveries.
    • For instance, a party faced with significant risk exposure may engage or attempt to engage in manipulative or deceptive conduct that increases or decreases the value of payments or cash flow under a security-based swap relative to the value of the reference underlying, including the price or value of a deliverable obligation under a security-based swap.
  • Moreover, fraud and manipulation in connection with a security-based swap can affect not just a direct counterparty, but also counterparties to that counterparty.
    • For example, if fraud or manipulation leads to a large change in variation margin, the defrauded counterparty could default on its obligations to its other counterparties. In addition, other counterparties to the same security-based swaps could be affected by fraud or manipulation that affects the reference underlying assets, as could investors in those underlying assets.
  • Given the global and interconnected nature of the security-based swap markets, it is critical that the Commission has appropriate tools to fight fraud and manipulation in these markets.
  • Recent developments in the security-based swap market highlight these concerns.
    • For example, in the 2021 Proposing Release, the Commission discussed certain manufactured or other opportunistic CDS strategies that had been reported by academics and the press:
      • A CDS buyer working with a reference entity to create an artificial, technical, or temporary failure-to-pay credit event in order to trigger a payment on a CDS to the buyer (and to the detriment of the CDS seller).
      • Alone or in combination with the above or other strategies, causing the reference entity to issue a below-market debt instrument in order to artificially increase the auction settlement price for the CDS (i.e., by creating a new “cheapest to deliver” deliverable obligation).
      • CDS buyers endeavoring to influence the timing of a credit event in order to ensure a payment (upon the triggering of the CDS) before expiration of a CDS, or a CDS seller taking similar actions to avoid the obligation to pay by ensuring a credit event occurs after the expiration of the CDS, or taking actions to limit or expand the number and/or kind of deliverable obligations in order to impact the recovery rate.
      • CDS sellers offering financing to restructure a reference entity in such a way that “orphans” the CDS – eliminating or reducing the likelihood of a credit event by moving the debts off the balance sheets of the reference entity and onto the balance sheets of a subsidiary or an affiliate that is not referenced by the CDS.
      • Taking actions, including as part of a larger restructuring, to increase (or decrease) the supply of deliverable obligations by, for example, adding (or removing) a co-borrower to existing debt of a reference entity, thereby increasing (or decreasing) the likelihood of a credit event and the cost of CDS.
  • Taking into consideration all of the above, Rule 9j-1 will be an important additional tool to augment the Commission’s oversight of the security-based swap markets including, but not limited to, the markets for CDS and TRS.

Overview of the Final Rules:

Rule 9j-1

  • Final Rule 9j-1 includes prohibitions on categories of misconduct prohibited by section 10(b) of the Exchange Act, and Rule 10b-5 thereunder, and section 17(a) of the Securities Act, when effecting any transaction in, or attempting to effect any transaction in, any security-based swap, or when purchasing or selling, or inducing or attempting to induce the purchase or sale of, any security-based swap (including but not limited to, in whole or in part, the execution, termination (prior to its scheduled maturity date), assignment, exchange, or similar transfer or conveyance of, or extinguishing of any rights or obligations under, any security based-swap).
  • The final rule also includes a provision prohibiting the manipulation or attempted manipulation of the price or valuation of any security-based swap, including any payment or delivery related thereto.
    • This provision has been moved to paragraph (a)(6) of Rule 9j-1 (from paragraph (b) as proposed) to clarify that these provisions apply to conduct that is undertaken in connection with directly or indirectly effecting, or attempting to effect, any transaction in any security-based swap, or purchasing or selling, or inducing or attempting to induce the purchase or sale of, any security-based swap.
  • Final Rule 9j-1 provides that:
  1. A person with material nonpublic information about a security cannot avoid liability under the securities laws by communicating about or making purchases or sales in the security-based swap (as opposed to communicating about or purchasing or selling the underlying security)
  2. A person cannot avoid liability under section 9(j) or Rule 9j-1 in connection with a fraudulent scheme involving a security-based swap by instead making purchases or sales in the underlying security (as opposed to purchases or sales in the security-based swap).

Rule 15fh-4(c)

The Commission also is adopting a rule aimed at protecting the independence and objectivity of an SBS Entity’s CCO by preventing the personnel of an SBS Entity from taking actions to coerce, mislead, or otherwise interfere with the CCO. The Commission recognizes that SBS Entities dominate the security-based swap market and also recognizes the important role that CCOs of SBS Entities play in ensuring compliance by SBS Entities and their personnel with the Federal securities laws. As a result, the Commission is adopting Rule 15fh-4(c), which makes it unlawful for any officer, director, supervised person, or employee of an SBS Entity, or any person acting under such person’s direction, to directly or indirectly take any action to coerce, manipulate, mislead, or fraudulently influence the SBS Entity’s CCO in the performance of their duties under the Federal securities laws or the rules and regulations thereunder.

Fact Sheet:


Press Release:

The Securities and Exchange Commission today adopted rules to prevent fraud, manipulation, and deception in connection with security-based swap transactions and to prevent undue influence over the chief compliance officer (CCO) of security-based swap dealers and major security-based swap participants (SBS Entities). “Any misconduct in the security-based swaps market not only harms direct counterparties but also can affect reference entities and investors in those reference entities,” said SEC Chair Gary Gensler. “Given these markets’ size, scale, and importance, it is critical that the Commission protect investors and market integrity through helping prevent fraud, manipulation, and deception relating to security-based swaps. Today’s set of rules will do just that.” The antifraud and anti-manipulation rule adopted today is designed to prevent misconduct in connection with effecting any transaction in, or attempting to effect any transaction in, or purchasing or selling, or inducing or attempting to induce the purchase or sale of, any security-based swap. The rule takes into account the features fundamental to a security-based swap and will aid the Commission in its pursuit of actions that directly target misconduct that reaches security-based swaps. The Commission also adopted a rule to protect the independence and objectivity of the CCO of a security-based swap dealer or major security-based swap participant. The adopting release will be published in the Federal Register. The final rules will become effective 60 days after the date of publication of the adopting release in the Federal Register.


  • Hester cannot support.
  • A security-based swap is an agreement where two parties exchange payments or cash flows based on the value of assets or events, continuing to have obligations to each other for the life of the contract.
    • Typical participants include lenders, insurance companies, hedge funds, and financial institutions.
  • The specifics of the swap, such as periodic payments and settlement terms, are determined by the contract between the counterparties.
  • The two common examples of security-based swaps are Credit Default Swaps (CDS) and Total Return Swaps (TRS).
    • A CDS involves a protection buyer making periodic payments to a protection seller in exchange for a payment in case of default by the reference entity.
    • A TRS transfers the total economic performance of a reference asset in exchange for a cash flow.
  • As of November 2022, the gross notional amount outstanding in the security-based swap market was approximately $8.5 trillion.
    • The credit security-based swap asset class accounted for $4.7 trillion, while equity security-based swaps accounted for around $3.6 trillion.
  • Misconduct may occur in security-based swaps to trigger, avoid, or affect the value of ongoing payments.
    • This includes manipulative or deceptive conduct that alters the value of payments under a security-based swap relative to the value of the reference underlying swap.
  • Rule 9j-1 is introduced as an additional tool for overseeing the security-based swap markets, including the markets for CDS and TRS.
    • This rule includes prohibitions on misconduct and manipulation in connection with security-based swaps.
    • In addition, Rule 15fh-4(c) is adopted to protect the independence and objectivity of a Swap Brokerage Security Entity's Chief Compliance Officer.
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2023.06.07 23:18 XLocalNobody r/rejectsofsociety Lounge

A place for members of rejectsofsociety to chat with each other
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2023.06.07 23:18 Woodyc47 Best Cat scale in the country.

Best Cat scale in the country. submitted by Woodyc47 to Truckers [link] [comments]

2023.06.07 23:18 DoorSniffer484 We run for Youthanasia!

We run for Youthanasia!
So what's 95'??
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2023.06.07 23:18 Rosanin3 Maximum of 5 mannequins per room

I was planning on filling an entire room with mannequins. I guess I will need to fill more rooms with less mannequins haha. 🤣 Maybe I will make 5 outfits per theme or something.
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2023.06.07 23:18 vTacoGamesv Certain Reddit subs will go dark on June 12 to protest reddit killing 3rd party apps- join the fight!

Certain Reddit subs will go dark on June 12 to protest reddit killing 3rd party apps- join the fight! submitted by vTacoGamesv to OriAndTheBlindForest [link] [comments]

2023.06.07 23:18 Lounge_at_Leaflet r/Everything_Twitch Lounge

A place for members of Everything_Twitch to chat with each other
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2023.06.07 23:18 SpicyRamen1 SERE as an older recruit with a family

I posted this on pararescure but I'm posting here as well in case I can get more info here.
I'm going through the process of trying to go forward with getting into the Air Force and I'm leaning towards SERE but I have some questions that I hope some of you might have some answers to.
  1. I'm an older guy, I'm 36, and I'm wondering if I'm too old for the job. I know that the age limit is 39 and that there are lots of factors that can make a difference but I'm asking about in general, or at least in your opinion, is 36 too old for something like SERE, why or why not? I've been training but haven't passed the run portion of the IFT.
  2. I have a wife and son and I'm trying to figure out when they'd be able to join me. I've seen some info saying that they could join me while I'd be in tech school and that I'd be able to live off base with my family, however I've also heard that I wouldn't be able to do any of that until I was done with the initial training/tech school - do you know which is true?
  3. How much time do you get between BMT and starting SERE school? I'm trying to figure out how much time I'd have to see my family after BMT as well as to move from my state to Washington
Thank you in advance.
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