SEC warns structured note issuers over proprietary indexes

Head of Office of Capital Markets Trends calls on issuers to examine sales practices

Amy Starr: full and fair disclosure needed

A senior regulator at the Securities and Exchange Commission (SEC) has warned US banks that it is scrutinising the sale of structured notes tied to proprietary indexes, arguing that dealers' sales networks may not understand the payout profiles of the products they have been tasked with selling.

Giving the keynote address at the Structured Products Americas conference in Miami on May 14, Amy Starr, chief of the Office of Capital Markets Trends in the SEC's Division of Corporation Finance, warned

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: