U.S. securities regulators are reviewing a series of bond trades by three insurance companies tied to Guggenheim Partners LLC, according to people familiar with the matter. The Securities and Exchange Commission has sought information on trades recommended by Strategy 11, a trading algorithm developed by Guggenheim to help the insurers select corporate bonds, the people said. At one point, the insurers had used recommendations generated by the Strat 11 program to invest nearly $13 billion, according to an independent audit...

Source: Wall Street Journal February 26, 2019 12:00 UTC