The U.S. Securities and Exchange Commission is “asking” banks that issue structured notes to improve the accuracy of disclosures to investors, including comparing the sale price to the true (lower) value of the notes at the time of sale. “We believe issuers should consider prominently disclosing the difference between the public offering price of the note and the issuer or its affiliate’s estimate of the fair value,” the SEC said. See “SEC Seeking Fair Value Disclosure From Banks on Structured Notes,” by Matt Robinson, Bloomberg.