SEC's New York head focuses on sales to institutional investors

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US - George Canellos, the head of the Securities and Exchange Commission's Manhattan office, said he is pushing his staff to scrutinize products normally sold to institutional investors after the financial crisis showed that even sophisticated buyers need additional protection.

"The SEC is a little less willing to assume that if the product is sold to institutional investors we should be a little less concerned about it," Canellos, 45, said in a May 11 interview airing to...

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