RK&O Client Alert: "Is the VIX Fixed? Alleged Manipulation of Wall Street’s 'Fear Gauge'"

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February 20, 2018

Market volatility’s resurgence has been followed by allegations that the VIX index - Wall street’s “fear gauge” - has been manipulated by traders. It is too early to know if these allegations are well-founded, but the inevitable investigations, like all alleged market manipulation cases, will be lengthy, complex, and expensive. These problems will likely be amplified in the VIX context, which has competing regulators and dueling legal standards.

In this client alert, RK&O partner Paul J. Devlin outlines the jurisdictional issues lurking in VIX-related investigations, and highlights the potentially discordant anti-manipulation standards under the securities and commodities laws.

To read the full client alert please click here.