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Top related persons:
It's - 1 Paul Olmsted - 1 Matthew Bartolini - 1 Olmsted - 1 Morningstar - 1 – - 1 it's - 1 BND - 1
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Investors - 1 Bloomberg Finance - 1 State Street Global Advisors - 1 Morningstar - 1 SPDR - 1 SPDR Americas Research - 1 Street Global Advisors - 1 State - 1

Search resuls for: "Bloomberg Finance"


4 mentions found


☆ Investors poured cash into these fixed income ETFs in 2023
  + stars: | 2024-01-09 | by ( Darla Mercado | Cfp | ) www.cnbc.com   time to read: +6 min
The Federal Reserve's monetary policy set the tone for the fixed income world in 2023 – right down to which exchange traded funds investors picked to take advantage of higher interest rates. Bond yields have an inverse relationship to their prices, so that when prices decline, yields rise and vice versa. The Vanguard Long-Term Treasury ETF (VGLT) was another favorite of investors, with about $7.3 billion in net flows in 2023. Indeed, those strategies proved popular with investors in 2023, as the Vanguard Total Bond Market ETF (BND) and iShares Core U.S. Aggregate Bond ETF (AGG) were ETFs with the second and third highest net flows, per Morningstar.
Persons: It's, Paul Olmsted, Matthew Bartolini, Olmsted, Morningstar, –, it's, BND, AGG Organizations: Investors, Bloomberg Finance, State Street Global Advisors, Morningstar, SPDR, SPDR Americas Research, Street Global Advisors, State, Treasury Bond ETF, Bloomberg, SGOV, SEC, Treasury, Fed, Vanguard, Bond Market, Core, Aggregate Bond Locations: SPDR Americas, Central
☆ Bloomberg to pay $5 mln to settle SEC charges related to fixed-income valuations
  + stars: | 2023-01-23 | by ( Chris Prentice | ) www.reuters.com   time to read: +1 min
Bloomberg failed to disclose to customers of its BVAL service that its daily price valuations for fixed-income securities could be based on a single data input from at least 2016 to October 2022, the SEC said in a statement. Bloomberg did not admit or deny the SEC's charges and a spokesperson for the company declined to comment. While it found no evidence Bloomberg listed any erroneous prices, the agency said there were instances when its valuations were not derived in accordance with its stated methodologies. For a "very small fraction of total reported valuations", Bloomberg determined prices of certain fixed income securities based on "uncorroborated single broker quotes", the SEC's order said. The SEC "will hold service providers, such as Bloomberg, accountable for misrepresentations that impact investors," said Osman Nawaz, chief of the SEC enforcement division's complex financial products unit.
☆ SEC fines Bloomberg $5 million for disclosure violations on fixed-income prices
  + stars: | 2023-01-23 | by ( Chelsey Cox | ) www.cnbc.com   time to read: +2 min
The Securities and Exchange Commission fined Bloomberg Finance LP $5 million to settle civil charges accusing the company of misleading customers on how it calculated the prices of certain securities, the agency said Monday. The action could have affected the price at which securities are offered or traded on the platform, the SEC said. Former New York mayor and one-time presidential candidate Mike Bloomberg owns parent company Bloomberg LP, a data and media company. The SEC said Bloomberg's customers, including mutual fund companies, used its prices to calculate valuations of their own holdings. The disclosure issue affected the prices of some government bonds, agency securities, corporate bonds, municipal bonds as well as securitized products, the SEC said.
☆ Sam Bankman-Fried's Alameda Research owes more than $50,000 to a Bahamas resort inspired by Jimmy Buffett's 'Margaritaville'
  + stars: | 2022-11-29 | by ( April Joyner | ) www.businessinsider.com   time to read: +3 min
A filing on Monday shows that Alameda Research owes $55,319 to Margaritaville's Bahamas resort. Alameda Research, Sam Bankman-Fried's trading firm, filed for bankruptcy in November alongside FTX. That's not great news for the Margaritaville Beach Resort in Nassau, Bahamas, to which Bankman-Fried's bankrupt trading firm, Alameda Research, owes more than $50,000. Unlike secured creditors, unsecured creditors do not have access to collateral that they can seize when the money they are owed goes unpaid. Alameda Research and Margaritaville have not responded to a request for comment at the time of publication.
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