United States Securities and Exchange Commission (SEC) head Gary Gensler stated on Wednesday that the regulator might ramp up actions against hazardous derivatives cases due to the "systemwide risk" they might pose at a time of increased market instability.
"Market participants' use of derivatives touch so many parts of our markets, from SEC-registered funds wrapping these products in publicly offered strategies to numerous private funds using derivatives at significant exposure levels," Gensler noted, adding: "There may be more (enforcement actions) to come."
On Friday last week, the SEC announced it has decided to fine Nvidia Corporation $5.5 million over what it described as "inadequate disclosures concerning the impact of crypto mining on the company's gaming business."
