SEC help sought on auctions

The trade association representing broker-dealers has contacted the US Securities and Exchange Commission (SEC) to seek help restoring confidence in the troubled auction-rate securities (ARS) market.

The Securities Industry and Financial Markets Association (Sifma) revealed it has been in discussions with the SEC over possible means to coax broker-dealers back to the ARS market following their recent withdrawal - a shift that has led to unprecedented numbers of failed auctions in recent weeks.

T

To continue reading...

You must be signed in to use this feature.

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 indvidual account here: