Newsletter

SEC Continues Enforcement Actions Relating to Complex Exchange-Traded Products

18 Nov 2020

On November 13, 2020, the SEC announced that it had settled actions against several investment advisory firms and firms dually-registered as broker-dealers and investment advisers. These actions relate to unsuitable sales of complex exchange-traded products (ETPs). All of the actions related to sales of volatility-linked ETPs that tracked expectations of short-term market volatility, measured through derivatives based on the CBOE Volatility Index.

Read our client alert.

Close
Feedback

Disclaimer

Unsolicited e-mails and information sent to Morrison & Foerster will not be considered confidential, may be disclosed to others pursuant to our Privacy Policy, may not receive a response, and do not create an attorney-client relationship with Morrison & Foerster. If you are not already a client of Morrison & Foerster, do not include any confidential information in this message. Also, please note that our attorneys do not seek to practice law in any jurisdiction in which they are not properly authorized to do so.