SEC Reportedly Investigating Junk Bonds: The Securities...

SEC Reportedly Investigating Junk Bonds: The Securities and Exchange Commission has begun seeking more information about the $200-billion high-yield, high-risk junk bond market, spurred by recent sharp declines in junk bond prices, according to a published report. The SEC is said to be looking into the amount of secondary trading by dealer firms, the identity of defaulting issuers, characteristics of issuers and purchasers and other concerns.