SM Energy Company (SM)

[Saving Grace]

SEC Warns S&P on Volatility Gauges — WSJ Just reported.

$SM has been reported to Finra on multiple occasions for short selling away of an American energy firm and it's about time the SEC stood up.

A Wells notice is a letter saying the SEC plans to bring a civil enforcement action against a company or individual and gives the recipients a chance to argue why the action shouldn't be taken.

The proposed SEC enforcement action "would allege violations of federal securities laws with respect to the absence of disclosure of a quality assurance mechanism and the impact of that mechanism on certain volatility related index values published on one business day in 2018," the filing from S&P Global said. The index unit is cooperating with the SEC, the filing said.

https://www-prd.morningstar.com/news/dow-jones/202007303028/sec-warns-sp-on-volatility-gauges-wsj