SERA “He is going to burn the regulatory filing system.” Marsh said it the way people said things they had been sitting on too long. Not with drama. With the flat exhaustion of someone who had finally chosen a side and understood exactly what that choice was going to cost them. Sera did not move. Did not turn to the room. She kept her voice low enough that only she could hear the call clearly and pressed the phone closer to her ear. “Explain that,” she said. “Faust has a contact inside the financial regulatory office. A senior administrator named Paul Yates. Yates has access to the electronic submission portal.” Marsh’s voice was tight. Controlled. The voice of a man reading from something he had prepared. “In approximately eight minutes Yates is going to submit a system integrity fla

