Lots of people mentioning the implications to XIV ETF. But i think more about the implications to index calculators. Basically it's a bad business to be in and

Lots of people mentioning the implications to XIV ETF. But i think more about the implications to index calculators. Basically it's a bad business to be in and there's no real value in doing so... That's the lesson to be learned here. The SEC got rid of the iopv for ETFs 2 years ago... At the behest of the industry. But ultimately the lack of transparency, even if it's temporarily wrong, is a net negative for the little guy. Edit: there's so much weirdness in this story. This is the first time I think the SEC has clamped down on a realtime index calculation agent. Also, why would the SEC go after them and not CS ... they're the ones responsible for selling securities to the general public.