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Posts Tagged ‘SEC’

NETFA: Organized Crime Comes To ETFs (SPY, UNG, USO, INDEXSP:.INX)

April 27th, 2012

Andrew Snyder: The ETF sector has grown at an enormous pace. But until now, the industry had no central voice. Now that it does, it is not good news for investors. Read more…

NYSE:SPY, NYSE:UNG, NYSE:USO

RTFP: Why To Read The (Bleep) Prospectus (SPY, DIA, IWM, VTI, QQQ)

December 1st, 2011

Sue Thompson: I clearly remember the first time I heard the acronym “RTFM.” I was relatively new to computers and was on the help line with a customer service rep for a major computer provider Read more…

NYSE:DIA, NYSE:IWM, NYSE:SPY, NYSE:VTI

Fund.com Says It is Executing on Its Business Plan Through Its AdvisorShares Subsidiary to Bring Actively Managed ETFs to the Market

March 11th, 2010

Fund.com, Inc., (OTC Bulletin Board: FNDM) said today that its majority-owned subsidiary, AdvisorShares Investments, LLC, a developer and distributor of actively managed ETFs, is Read more…

ETF BASIC NEWS

ETF Securities Reports First Buyer Of The Proposed U.S. Platinum ETF

January 4th, 2010

buyerETF Securities said that a financial firm has bought 100,000 shares of its proposed first-ever U.S. platinum exchange-traded fund (ETF) and delivery is scheduled by the end of the week Read more…

ETF BASIC NEWS

DB Commodity Services Re-Commences Issuance of Shares of the PowerShares DB US Dollar Index Bullish ETF

November 13th, 2009

toilet-paper(BUSINESS WIRE)–DB Commodity Services LLC today announced that the registration statement it filed on November 2, 2009 to register 100,000,000 additional shares of the PowerShares DB Read more…

ETF BASIC NEWS, NYSE:UDN, NYSE:UUP

Firms To Withstand Leverage ETFs Review

September 14th, 2009

leverage-etfsProducts and companies offering leveraged and inverse ETFs are likely to survive the scrutiny faced by the ETFs, Financial Times reports. The Securities and Exchange Commission, along with Read more…

ETF BASIC NEWS

UNITED STATES NATURAL GAS FUND (UNG) TO RESUME ISSUING SHARES

September 11th, 2009

september11On August 12, 2009, the United States Natural Gas Fund, LP (UNG) registration statement on Form S-3 (333-159772) was declared effective by the Securities and Exchange Commission (the “SEC”). In UNG’s Form 8-K filed on August 12, 2009, UNG’s management announced that Read more…

ETF BASIC NEWS, NYSE:UNG

Manulife Looks To Join The Party And Enter The ETF Marketplace

September 7th, 2009

manulife“Yet another asset manager wants in on the ETF action.  On August 21 John Hancock Advisers, John Hancock Investment Management Services and MFC Global Investment Management Read more…

ETF BASIC NEWS

Some Fear Brouhaha Over ETFs Could Spill Over

August 23rd, 2009

etf-news6“The Securities and Exchange Commission and the Commodity Futures Trading Commission inserted themselves into the debate surrounding controversial, non-traditional exchange traded funds last week — a debate that could harm the entire Read more…

ETF BASIC NEWS

FINRA, SEC Warn Retail Investors About Investing in Leveraged or Inverse ETFs

August 18th, 2009

warningWashington, DC — The Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission (SEC) have issued an Investor Alert called Leveraged and Inverse ETFs: Specialized Products with Extra Risks for Buy-and-Hold Investors warning Read more…

ETF BASIC NEWS

Russell Investments Looks To Shake Up The ETF Industry With It’s Own ETF’s

July 23rd, 2009

russellinvestments“A top index provider is considering offering its own lineup of exchange traded funds, but just what those funds would look like is a mystery. Russell Investment Management Co., a unit of Russell Investments of Tacoma, Wash., applied July 2 for permission from the Securities and Exchange Commission to offer ETFs Read more…

ETF BASIC NEWS

The SEC Will Likely Approve Shares For Natural Gas ETF-UNG

July 22nd, 2009

naturalgas1As The Natural Gas ETF-UNG has faced headwinds, investors are still waiting for the next move from regulators.  “The SEC will likely approve the 1 billion extra units for the U.S. Natural Gas Fund (UNG Quote), paving the way for more investors to gain exposure to the natural gas market. Read more…

ETF BASIC NEWS, NYSE:UNG, NYSE:USO

Natural Gas ETF-UNG Continues To Trade At A Premium

July 17th, 2009

natural-gas-etfThe Natural Gas ETF has failed to receive regulatory approval to issue new shares which has prevented the exchange-traded fund from buying new contracts.  While natural gas prices have plummeted, the ETF has gone the opposite way as demand for the ETF has increased.  Read more…

ETF BASIC NEWS, NYSE:UNG

Claymore Introduces Three Actively Managed Commodity ETFs

May 13th, 2009

etf-newsClaymore Advisors has filed a request with the SEC to introduce three new ETFs, each of which would be actively managed. Among the proposed funds is the Claymore Delta Global Hard Assets ETF, which would be the first actively-managed commodity ETF.

The filing with the SEC states that the Hard Assets ETF will invest in “securities that derive their revenues from the mining, processing and sale of hard commodities.” While this will likely include the usual suspects – gold, silver, platinum, copper, zinc, etc. – the fund will also invest in stocks of companies representing various commodities from three broad categories: industrials, material, and energy.

Full Story:  http://seekingalpha.com/article/137412-claymore-introduces-three-actively-managed-commodity-etfs

ETF BASIC NEWS

Why New SEC Chair Is Investigating Commodity ETFs

April 28th, 2009

investigation1The new Securities and Exchange Commission (SEC) chairman is concerned about the level of authority used with the introduction of new exchange traded funds (ETFs), especially those that focus on commodities.

SEC Chairman Mary Schapiro has brought concern to the forefront of the public’s awareness that the introduction of ETFs have not been monitored closely enough. The leveraged or inverse ETFs, as well as the commodity ETFs, are of the greatest concern. Gail MarksJarvis for The Chicago Tribune explains that Schapiro plans to examine both types of ETFs, in addition to an array of complex ETFs that have flooded the market the last few years.

Also of note is that she would be adding expertise to her staff and working along with the Commodity Futures Trading Commission, which recently was said to be investigating popular oil funds to see if they’re affecting the markets. Schapiro said the the SEC’s level of expertise hasn’t kept pace with some of the complexity of some ETFs hitting the markets.

Many critics are not supportive of the ETFs that let investors short the market, or sectors of the market, and they claim that these let investors force segments of the markets to fall, such as financials. They contend that manipulation causes individual stock prices to plunge harder and faster than they would based on fundamentals.

Full Story: http://www.nasdaq.com/newscontent/20090428/why-new-sec-chair-is-investigating-commodity-etfs.aspx?storyid=8969

ETF BASIC NEWS




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