SEC

The Loan Syndications and Trading Association is appealing directly to Treasury Secretary Steven Mnuchin to exempt collateralized loan obligation managers from rules requiring "skin in the game" of deals.

Some are wording the language of amendments used to refinance deals so as to be able to benefit if risk retention rules are repealed.

Former Jefferies & Co. Managing Director Jesse Litvak says he should be spared prison when he is sentenced later this month following his conviction of a single count of fraud.