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SEC Review of Investment Company Use of Derivatives ‘Long Overdue,’ Official Says

March 31, 2010 in Banking Report · Leave a Comment 

The Securities and Exchange Commission’s recently announced initiative to review the use of previous hitderivativesnext hit by investment companies, including mutual and exchange-traded funds, is a significant move that was “long overdue,” Andrew Donohue, director of the SEC’s Division of Investment Management, said March 26.

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