Structured Thoughts -- Volume 3, Issue 7 April 19, 2012 -- SEC Announces Sweep Relating to Structured Products


In April 2012, the SEC’s Division of Corporate Finance announced that it had sent a letter to certain financial institutions relating to their structured note offerings.

The SEC’s letter consists of 14 numbered paragraphs. The letter contains several statements of the Staff’s positions relating to structured notes (some of which repeats, or elaborates on, prior guidance), and requests for additional information from issuers (some of which may lead to further issuer-specific comments). As discussed in more detail below, the letter may lead to a variety of changes in current offering practices, as well as additional regulatory actions by the SEC.

Please see full article below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »


Morrison & Foerster is an international firm with more than 1,000 lawyers across 15 offices in the... View Profile »

Follow Morrison & Foerster LLP:

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.