ETFs get break under proposal
The SEC last month proposed a rule that would allow exchange traded funds to come to the market without obtaining individual exemptive orders from securities regulators.
The SEC last month proposed a rule that would allow exchange traded funds to come to the market without obtaining individual exemptive orders from securities regulators. The proposal would apply to both indexed ETFs and actively managed ETFs. For a look at the proposal and information on submitting comment by May 19, visit sec.gov/rules/proposed/2008/33-8901.pdf.
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