NETFA: Organized Crime Comes To ETFs (SPY, UNG, USO, INDEXSP:.INX)
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…
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Posts Tagged ‘SEC’
RTFP: Why To Read The (Bleep) Prospectus (SPY, DIA, IWM, VTI, QQQ)
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…
Fund.com Says It is Executing on Its Business Plan Through Its AdvisorShares Subsidiary to Bring Actively Managed ETFs to the Market
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 Securities Reports First Buyer Of The Proposed U.S. Platinum ETF
ETF 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…
DB Commodity Services Re-Commences Issuance of Shares of the PowerShares DB US Dollar Index Bullish ETF
(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…
Firms To Withstand Leverage ETFs Review
Products 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…
UNITED STATES NATURAL GAS FUND (UNG) TO RESUME ISSUING SHARES
On 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…
Manulife Looks To Join The Party And Enter The ETF Marketplace
“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…
Some Fear Brouhaha Over ETFs Could Spill Over
“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…
FINRA, SEC Warn Retail Investors About Investing in Leveraged or Inverse ETFs
Washington, 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…
Russell Investments Looks To Shake Up The ETF Industry With It’s Own ETF’s
“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…
The SEC Will Likely Approve Shares For Natural Gas ETF-UNG
As 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…
Natural Gas ETF-UNG Continues To Trade At A Premium
The 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…
Claymore Introduces Three Actively Managed Commodity ETFs
Claymore 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
Why New SEC Chair Is Investigating Commodity ETFs
The 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.
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