Thomas Daniels
Upangiri waposachedwa ndi US Securities and Exchange Commission (SEC) wokhudza kuchuluka kwamadzimadzi wadzetsa chiyembekezo pakati pa osunga ndalama m'mabungwe, ndikuwulula kusatsimikizika kwalamulo komanso kusatsimikizika komwe sikunathetsedwe.
Pa Ogasiti 5, 2025, bungwe la SEC's Division of Corporation Finance lidatulutsa mawu omveketsa bwino kuti njira zina zamadzimadzi -makamaka zomwe opereka chithandizo amangogwira ntchito zoyang'anira kapena unduna ndikupereka ziphaso zoperekedwa ndi munthu m'modzi-sizimapanga zopereka zachitetezo pansi pa Securities Act of 1933 Act ya 1934 Securities Act.
Komabe, mawuwa ndi osagwirizana ndipo akuyimira maganizo a ogwira ntchito m'gawoli, osati udindo wa bungwe. Momwemo, zimakhalabe zotanthauziridwa ndi kutsutsidwa kwalamulo.
Commissioner wa SEC, a Caroline Crenshaw, adadzudzula pagulu malangizowo, akufotokozera kuti ndi "osamveka m'malo momveketsa bwino" ndikuchenjeza kuti ngakhale kupatuka pang'ono pazomwe zafotokozedwa pang'onopang'ono kungayambitse kuwongolera kosiyanasiyana.
Kukayikira kwina kunanenedwa ndi wamkulu wakale wa SEC, Amanda Fischer, yemwe adawonetsa kufanana pakati pa kuchuluka kwa madzi ndi machitidwe a rehypothecation zomwe zidapangitsa kusakhazikika kwadongosolo pamavuto azachuma a 2008.
Kupitilira malamulo achitetezo, mafunso ovuta okhudza misonkho amakhalabe otseguka. Chimodzi mwazinthu zomwe zikuvutitsa kwambiri ndichakuti malipiro omwe amalipidwa ayenera kulipidwa pa risiti kapena ataperekedwa. Kusatsimikizika uku kumapangitsa kuti anthu azitsatira komanso azitsatira, kuphatikiza omwe amapereka ETF.
Kuphatikiza apo, malamulo amisonkho a grantor trust akupitilira kulepheretsa kuphatikizika kwa njira zama staking mu ndalama zogulitsirana. Mpaka mafunsowa atayankhidwa, kukulitsa kwazinthu zachuma zokhazikika m'mabizinesi akuluakulu kudzakhalabe kochepa.
Ngakhale zovuta izi, chitsogozo cha ogwira ntchito chikuwonetsa gawo loyezera patsogolo pakukhazikitsidwa kwa ndalama zamadzimadzi ndi osunga ndalama. Komabe, ikugogomezeranso kufunikira kwachangu komveka bwino pakuwongolera magawo achitetezo, ndondomeko yamisonkho, ndi kakhazikitsidwe ka ndalama.
