The role of index committees at S&P Dow Jones Indices was thrown into the spotlight last week after one of its members allegedly made $900,000 from insider trading on index changes he was privy to.
James Yang, a senior index manager at SPDJI, was responsible for managing a wide range of US indices with more than $70bn of ETF and index fund assets tracking them including the S&P Dividend Aristocrats, Dow Jones Select Dividend and Dividend 100 and the S&P Select Industry.
‘Enforcement 40’ for 2020
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