U.S. SEC Adopts Rule Designed To Prevent Fraud, Manipulation, Deception On Transactions Involving Security-Based Swaps
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) has adopted a rule aimed at preventing fraud, manipulation, and deception in transactions involving security-based swaps.
June 29, 2023 | 12:58 pm
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The new SEC rule on security-based swaps could impact the SPY ETF, which may be involved in such transactions.
The new SEC rule is designed to prevent fraud and manipulation in security-based swaps transactions. As SPY ETF may be involved in such transactions, this rule could potentially impact it. However, the exact impact is uncertain and will depend on the specifics of the rule and how it is implemented.
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