S&P Settles SEC’s Stale
Valuation Charges
Credit Suisse
Alicia McElhaney, 17 May 2021
S&P Dow Jones Indices has settled with the SEC over charges that it published stale valuations of a volatility-related index.
The Securities and Exchange Commission announced Monday that S&P had agreed to pay a $9 million fine without admitting or denying the SEC’s findings.
The regulator’s charges had centered on the S&P 500 VIX Short Term Futures Index ER, a volatility-tracking product that S&P licensed to certain issuers, including Credit Suisse, which used the S&P product for an exchange-traded note that tracked the index. Continue reading “Article: S&P Settles SEC’s Stale Valuation Charges”
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