JPMorgan’s loss has climbed to nearly $6 billion from a bad derivatives trade. Why can’t they sell their position?
On Wednesday, the Securities Exchange Commission adopted a new rule defining who needs to be regulated in the over-the-counter swaps market.
On Tuesday, Bloomberg.com reported that the Financial Industry Regulatory Authority, or FINRA, has turned the spotlight on derivative-linked CD products. With no substantial yields to be found in conventional CDs and savings products, savers have looked high and low for safe investments with better returns. Unfortunately, there are no easy answers these days. Enter the
Regulators have been examining the issue of derivatives in mutual funds since March 2010 but on Wednesday of this week the SEC requested comments from the public. Derivatives are investments that are based on the value of something else. For instance, futures contracts are derivatives, the contract is worth a certain amount based on the