Securities and Exchange Commission (SEC)
US banks wary of disclosing fair value for structured notes
Correspondence shows several large Wall Street banks expressed reservations to the SEC about enhancing disclosure around their structured products
Actively seeking alpha with AdvisorShares
AdvisorShares may be small, but it has an outsize footprint in the tiny yet growing active exchange-traded funds market. Yakob Peterseil talks to Noah Hamman, founder and chief executive, about bringing active management to ETFs
SEC forces Ice into single-name CDS clearing U-turn
Clearing house has been told its own rules prevent it from shelving buy-side clearing for single-name CDS contracts
Hedge fund investors divided on SAC probe
SAC hopes to put an insider trading probe by the US Securities and Exchange Commission behind it after agreeing to pay a record fine, but hurdles still remain
SAC Capital’s record fine is warning to hedge funds
Hedge funds to review procedures and systems following SAC's $614 million fine
Ice blames SEC as it drops single-name CDS clearing plans
Firms that trade index and single-name CDSs will see margin requirements increase
Active ETFs: can they break into the mainstream?
Despite the lifting of a moratorium by the Securities and Exchange Commission last December, active ETFs have more hurdles to overcome before they're ready for the mainstream. Skittishness from the US regulator isn't helping, writes Yakob Peterseil
SEC's last-minute CDS margin fix sparks buy-side anger
Stop-gap margin solution would force most firms to post twice as much collateral as CCP members
SEC says crucial information being withheld from investors in structured notes
In its latest letter, the SEC orders banks to highlight the difference between fair market value and issue price to help investors see what their investment is worth
SEC scrutiny blamed for stifling active ETF market
Despite lifting a moratorium on reviewing actively managed ETFs that use derivatives, the US Securities and Exchange Commission still imposes long waiting periods on product approvals
Changing hats – March 2013
Changing hats – March 2013
SEC names Hoecker inspector general
Carl Hoecker appointed permanent successor to David Kotz
SEC closes in on sweep guidance for structured notes estimated value disclosure
The SEC will soon send issuers final guidance on structured note valuation disclosure, following a sweep letter sent last April
Obama appoints White as head of SEC
Mary Jo White to replace Elisse Walter, following Schapiro’s resignation in December 2012
Iosco-SEC spat dims hopes of new regulatory framework
SEC slaps down Iosco report, undermining hopes for a new approach to cross-border regulation
SEC names market intelligence head
Vincente Martinez returns to succeed Sporkin
Egan-Jones becomes first rating agency to be barred by SEC
Smaller agency blocked from rating ABS and sovereign debt
People: Credit Suisse reshuffles its global pack
Credit Suisse reshuffles the global pack
First Libor fines point the way for harsher regulation
Getting tough
Changing hats – February 2013
Changing hats – February 2013
SEC’s director of enforcement to leave
Fifth senior employee to depart SEC following resignation of SEC's chair
Chief of staff is latest to leave SEC
Didem Nisanci follows stream of departures from US regulator
Top 10 operational risks for 2013
Old and new dangers