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SEC probes interdealer CDS brokers, reports Reuters
Monday, November 24, 2008
Reuters reports that the SEC has sent subpoenas to interdealer credit derivative brokers relating to the trading of credit default swaps on financial companies in September. In September, the regulator ordered more than two dozen big investors and broker dealers to hand over data about trading activity in AIG, Lehman Brothers, Goldman Sachs, Merrill Lynch, Morgan Stanley and Washington Mutual, the article says, adding that the SEC is looking for evidence of price manipulation in the market.
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Structured
Issuers
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
