More 'adult supervision' needed, SEC's Muoio tells conference
Structured products in the US can fall under the jurisdiction of the SEC, state regulators and Finra. Representatives from each were speakers at this year’s Structured Products Americas conference. Richard Jory reports
The answer to fears about the supposed evil of structured products is "more care and adult supervision", according to Reid Muoio, deputy chief of the complex financial instruments unit in the US Securities and Exchange Commission's (SEC) enforcement division. Although Muoio's comments were made in reference to his experience of enforcing rules and regulations in the world of structured finance - the realm of collateralised debt obligations (CDOs) and their ilk - there are rules common to both
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