The US watchdog has fined the index provider for failing to disclose ‘critical features’ of the volatility index.
The Securities and Exchange Commission (SEC) has settled charges against S&P Dow Jones Indices (S&P DJI) for failures relating to a previously undisclosed quality control feature of one of its volatility-related indices, which led S&P DJI to publish and disseminate stale index values during a period of unprecedented volatility. ‘Index providers (…) play a crucial role in the financial markets,’ said Daniel Michael (pictured) , chief of the SEC Enforcement Di
Continue reading and get unlimited access for 7 days with a free trial of SRP.
Get a free trialAlready a subscriber? Login