Staff Papers and Analyses

Working papers in the series were prepared in full or in part by SEC staff economists in the Division of Economic and Risk Analysis. They investigate a broad range of issues relevant to the Commission's mission and are disseminated to stimulate discussion and critical comment to the benefit of the public. DERA Working Papers are preliminary materials that have not been approved by the Commission and reflect only the views of the author(s).

White papers and analyses are prepared by SEC staff in the course of rulemaking and other Commission initiatives. Some of these materials are available elsewhere on the Commission website.

Staff Papers and Analyses RSS Feed
Date Title Type
Pre-trade Information in the Corporate Bond Market

Louis Craig, Abby Kim and Seung Won Woo

 White Papers
Misconduct and Fraud in Unregistered Offerings(PDF)

Rachita Gullapalli

 White Papers
Tick Size Pilot Plan Threshold Analysis

Edwin Hu, Paul Hughes, John Ritter, Patti Vegella, and Hao Zhang

 White Papers
Does the Tick Size Affect Stock Prices? Evidence from the Tick Size Pilot Announcement of the Test Groups and the Control Group

Salil Pachare and Ilia Rainer

 White Papers
Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009‐2017

Scott Bauguess, Rachita Gullapalli, and Vladimir Ivanov

 White Papers
Pre-trade Information in the Municipal Bond Market

Louis Craig, Abby Kim, and Seung Won Woo

 White Papers
The Financial Illiteracy and Overconfidence of Margin Traders

K. Jeremy Ko and Steven Rapkin

 White Papers
Tick Size Pilot Plan and Market Quality

Edwin Hu, Paul Hughes, John Ritter, Patti Vegella, and Hao Zhang

 White Papers
The Effect of Amendment 10 of the “Limit Up-Limit Down” Pilot Plan

Paul Hughes

 White Papers
“Limit Up-Limit Down” Pilot Plan and Extraordinary Transitory Volatility

Paul Hughes, John Ritter, and Hao Zhang

 White Papers
Hedge Funds: Portfolio, Investor, and Financing Liquidity

George O. Aragon, Tolga Ergun, Mila Getmansky, and Giulio Girardi

 White Papers
“Limit Up-Limit Down” Pilot Plan and Associated Events

Claudia E. Moise and Paca Flaherty

 White Papers
U.S. Securities-based Crowdfunding Under Title III of the JOBS Act ​

Vladimir Ivanov and Anzhela Knyazeva

Review the report for offering activity in the Title III crowdfunding market initiated during May 16, 2016 - December 31, 2016.

 White Papers
​Private Liquidity Funds: Characteristics and Risk Indicators

​Daniel Hiltgen

 White Papers
Outcomes of Investing in OTC Stocks

Joshua T. White

 White Papers
Regulation A+: What Do We Know So Far?

​Anzhela Knyazeva

 White Papers
A Pilot Survey of Agent Securities Lending Activity

Viktoria Baklanova, Cecilia Caglio, Frank Keane, Burt Porter

 White Papers
Issuance Activity and Interconnectedness in the CMBS Market​

Diana Knyazeva, Charles Lin, and Jasmine Park

 White Papers
The Determinants of ETF Trading Pauses on August 24th, 2015

Austin Gerig and Keegan Murphy

 White Papers
Use of Derivatives by Registered Investment Companies

Daniel Deli, Paul Hanouna, Christof W. Stahel, Yue Tang and William Yost

 White Papers
Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009-2014

Scott Bauguess, Rachita Gullapalli, and Vladimir Ivanov

 White Papers
Liquidity and Flows of U.S. Mutual Funds

Paul Hanouna, Jon Novak, Tim Riley, and Christof Stahel

 White Papers
Single-Name Corporate Credit Default Swaps: Background Data Analysis on Voluntary Clearing Activity

Burt Porter

 White Papers
Qualified Residential Mortgage: Background Data Analysis on Credit Risk Retention

Joshua White and Scott Bauguess

 White Papers
White Paper on Computing Tools for Promoting Sound Investment Decisions (Latest Revision)

K. Jeremy Ko

 White Papers
White Paper on Computing Tools for Promoting Sound Investment Decisions (Original Version)

K. Jeremy Ko

See Latest Revision (12/17/14)

 White Papers
Interconnectedness in the CDS Market

Giulio Girardi, Craig Lewis and Mila Getmansky

 White Papers
OTC Trading: Description of Non-ATS OTC Trading in National Market System Stocks

Laura Tuttle

 White Papers
Alternative Trading Systems: Description of ATS Trading in National Market System Stocks

Laura Tuttle

 White Papers
Qualified Residential Mortgage: Background Data Analysis on Credit Risk Retention

Joshua White and Scott Bauguess
See Corrected Version (2/25/15)

 White Papers
Capital Raising in the U.S.: An Analysis of Unregistered Offerings Using the Regulation D Exemption, 2009-2012

Vladimir Ivanov and Scott Bauguess

 White Papers
Capital Raising in the U.S.: The Significance of Unregistered Offerings Using the Regulation D Exemption

Vlad Ivanov and Scott Bauguess

See Latest Version (7/1/13)

 White Papers
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