The SEC’s distressed debt dragnet

Q: How long will it take to read this news story?

The story "The SEC’s distressed debt dragnet" has 1264 words across 47 sentences, which will take approximately 6 - 11 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "The SEC’s distressed debt dragnet" was covered 12 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 10 news stories per day. It's most recent story was published 13 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24601147</li><li>URL: https://beamstart.com/news/the-secs-distressed-debt-dragnet-17349703866424</li></ul>

Financial Times 12h ago

The SEC’s distressed debt dragnet - Financial Times

Quick Summary:

Over the same period, while Fortgang was in possession of MNPI about the same Puerto Rico bonds, he had more than 500 calls with public side employees without the involvement of Compliance.

When Silver Point sold the Puerto Rico bonds it amassed during that period, it generated profits of over $29 million.50.

The Silver Point matter comes three months after another prominent fund — Marathon Asset Management — settled for $1.5mn charges that it was too loose with what the industry usually just calls MNPI (and in particular how it interacted with an investment banker who had MNPI in a live restructuring situation).