S&P Dow Jones Indices is fined by SEC over U.S. ''volatility'' crash
S&P Dow Jones Indices will pay a $9 million fine to settle U.S. Securities and Exchange Commission charges that its negligence in managing one of its indexes caused huge losses for securities issued by Credit Suisse Group AG during extreme market volatility
Last month, a federal appeals court in Manhattan revived a fraud lawsuit by XIV Notes investors accusing Credit Suisse of trying to collapse that market to profit at their expense. Source: Reuters