SEC closes in on sweep guidance for structured notes estimated value disclosure

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SEC prepares sweep completion

The US Securities and Exchange Commission (SEC) has recently been informing structured products issuers in private meetings that they must disclose the estimated value of their notes on the cover page of their offering documents and share this information with investors prior to the time of sale.

The SEC is to write to the issuers with final details in the coming weeks. "They were very engaged with issuers, reviewing their responses to an April 2012 sweep letter, holding meetings and trying to u

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