{"id":5877,"date":"2015-12-05T00:00:00","date_gmt":"2015-12-05T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/12\/sec_investigating_whether_bank"},"modified":"2015-12-05T00:00:00","modified_gmt":"2015-12-05T06:00:00","slug":"sec-investigating-whether-bank","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-investigating-whether-bank\/","title":{"rendered":"SEC Investigating Whether Banks Were Involved in Credit Swap Collusion"},"content":{"rendered":"

Bloomberg<\/em> reports that the U.S. Securities and Exchange Commission is looking into whether financial firms colluded together so that prices in the $6 trillion credit default swaps indexes market became skewed. According to the news outlet\u2019s source, the regulator is trying to figure out whether dealers misrepresented index prices. The SEC is reportedly examining indexes that are less-liquid and actively traded.<\/p>\n

With the credit-default swaps benchmark, investors can make bets on whether companies, mortgage-backed securities, or countries will default. Trading in swaps index contracts has increased in recent years because investors have been looking for easy ways to make bets via speculation.<\/p>\n

At the conclusion of every trading day, benchmark prices for indexes are calculated by third-party providers according to dealer quotes. This sets the level at which traders are able to make their positions. This process resembles the way markets that don\u2019t trade on exchanges establish benchmark prices.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bloomberg reports that the U.S. Securities and Exchange Commission is looking into whether financial firms colluded together so that prices in the $6 trillion credit default swaps indexes market became skewed. According to the news outlet\u2019s source, the regulator is trying to figure out whether dealers misrepresented index prices. The SEC is reportedly examining indexes […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3743,3760,3761],"tags":[],"class_list":["post-5877","post","type-post","status-publish","format-standard","hentry","category-credit-default-swaps","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"\nSEC Investigating Whether Banks Were Involved in Credit Swap Collusion — Investor Lawyers Blog — December 5, 2015<\/title>\n<meta name=\"description\" content=\"Bloomberg reports that the U.S. Securities and Exchange Commission is looking into whether financial firms colluded together so that prices in the $6 — December 5, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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