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.

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Date	Title	Type
Date: Oct. 2020	Title: Pre-trade Information in the Corporate Bond Market Louis Craig, Abby Kim and Seung Won Woo	Type: White Papers
Date: Aug. 2020	Title: Misconduct and Fraud in Unregistered Offerings(PDF) Rachita Gullapalli	Type: White Papers
Date: March 2019	Title: Tick Size Pilot Plan Threshold Analysis Edwin Hu, Paul Hughes, John Ritter, Patti Vegella, and Hao Zhang	Type: White Papers
Date: Nov. 2018	Title: 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	Type: White Papers
Date: Aug. 2018	Title: Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings Scott Bauguess, Rachita Gullapalli, and Vladimir Ivanov	Type: White Papers
Date: July 2018	Title: Pre-trade Information in the Municipal Bond Market Louis Craig, Abby Kim, and Seung Won Woo	Type: White Papers
Date: March 2018	Title: The Financial Illiteracy and Overconfidence of Margin Traders K. Jeremy Ko and Steven Rapkin	Type: White Papers
Date: Jan. 2018	Title: Tick Size Pilot Plan and Market Quality Edwin Hu, Paul Hughes, John Ritter, Patti Vegella, and Hao Zhang	Type: White Papers
Date: Dec. 2017	Title: The Effect of Amendment 10 of the “Limit Up-Limit Down” Pilot Plan Paul Hughes	Type: White Papers
Date: Dec. 2017	Title: “Limit Up-Limit Down” Pilot Plan and Extraordinary Transitory Volatility Paul Hughes, John Ritter, and Hao Zhang	Type: White Papers
Date: May 2017	Title: Hedge Funds: Portfolio, Investor, and Financing Liquidity George O. Aragon, Tolga Ergun, Mila Getmansky, and Giulio Girardi	Type: White Papers
Date: March 2017	Title: “Limit Up-Limit Down” Pilot Plan and Associated Events Claudia E. Moise and Paca Flaherty	Type: White Papers
Date: Feb. 2017	Title: U.S. Securities-based Crowdfunding Under Title III of the JOBS Act Vladimir Ivanov and Anzhela Knyazeva Abstract Review the report for offering activity in the Title III crowdfunding market initiated during May 16, 2016 - December 31, 2016.	Type: White Papers
Date: Jan. 2017	Title: Private Liquidity Funds: Characteristics and Risk Indicators Daniel Hiltgen	Type: White Papers
Date: Dec. 2016	Title: Outcomes of Investing in OTC Stocks Joshua T. White	Type: White Papers
Date: Dec. 2016	Title: Regulation A+: What Do We Know So Far? Anzhela Knyazeva	Type: White Papers
Date: Aug. 2016	Title: A Pilot Survey of Agent Securities Lending Activity Viktoria Baklanova, Cecilia Caglio, Frank Keane, Burt Porter	Type: White Papers
Date: Aug. 2016	Title: Issuance Activity and Interconnectedness in the CMBS Market Diana Knyazeva, Charles Lin, and Jasmine Park	Type: White Papers
Date: Feb. 2016	Title: The Determinants of ETF Trading Pauses on August 24th, 2015 Austin Gerig and Keegan Murphy	Type: White Papers
Date: Dec. 2015	Title: Use of Derivatives by Registered Investment Companies Daniel Deli, Paul Hanouna, Christof W. Stahel, Yue Tang and William Yost	Type: White Papers
Date: Oct. 2015	Title: Capital Raising in the U.S.: An Analysis of the Market for Unregistered Securities Offerings, 2009-2014 Scott Bauguess, Rachita Gullapalli, and Vladimir Ivanov	Type: White Papers
Date: Sept. 2015	Title: Liquidity and Flows of U.S. Mutual Funds Paul Hanouna, Jon Novak, Tim Riley, and Christof Stahel	Type: White Papers
Date: April 2015	Title: Single-Name Corporate Credit Default Swaps: Background Data Analysis on Voluntary Clearing Activity Burt Porter	Type: White Papers
Date: Feb. 2015	Title: Qualified Residential Mortgage: Background Data Analysis on Credit Risk Retention Joshua White and Scott Bauguess	Type: White Papers
Date: Dec. 2014	Title: White Paper on Computing Tools for Promoting Sound Investment Decisions (Latest Revision) K. Jeremy Ko	Type: White Papers
Date: May 2014	Title: White Paper on Computing Tools for Promoting Sound Investment Decisions (Original Version) K. Jeremy Ko See Latest Revision (12/17/14)	Type: White Papers
Date: April 2014	Title: Interconnectedness in the CDS Market Giulio Girardi, Craig Lewis and Mila Getmansky	Type: White Papers
Date: March 2014	Title: OTC Trading: Description of Non-ATS OTC Trading in National Market System Stocks Laura Tuttle	Type: White Papers
Date: Oct. 2013	Title: Alternative Trading Systems: Description of ATS Trading in National Market System Stocks Laura Tuttle	Type: White Papers
Date: Aug. 2013	Title: Qualified Residential Mortgage: Background Data Analysis on Credit Risk Retention Joshua White and Scott Bauguess See Corrected Version (2/25/15)	Type: White Papers
Date: July 2013	Title: Capital Raising in the U.S.: An Analysis of Unregistered Offerings Using the Regulation D Exemption, 2009-2012 Vladimir Ivanov and Scott Bauguess	Type: White Papers
Date: Feb. 2012	Title: 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)	Type: White Papers

Staff Papers and Analyses

Abstract