October 1, 2018 Via E-mail [rule-comments@SEC.gov] Mr. Brent J. Fields Secretary U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-1090 Re: Release Nos. 33-10515 and IC-33140 (File No. S7-15-18): Exchange-Traded Funds; Proposed Rule Dear Mr. Fields: Thank you for the opportunity to submit this letter in response to the request for comments […]
Category Archives: Uncategorized
Three ETF Industry Pioneers Discuss Innovation – Past and Future
August 27, 2018 ETF BILD was formed to stimulate discussion on the business of ETFs, and recently we had the pleasure of sitting down with three of the earliest innovators in the ETF industry, including our own ETF BILD co-founder John Jacobs, to capture their insights on what inspired them in the early days of […]
SEC Finds Potential Issues with ETFs that Track Customized Indexes Sponsored by Entities Not Registered as Investment Advisers
May 9, 2018 Dalia Blass, Director of the SEC’s Division of Investment Management, in a recent speech questioned whether the provider of an index used by a single ETF should be registered as an investment adviser under the Investment Advisers Act of 1940.[i] Such indexes are sometimes called “bespoke indexes” because they are built at […]
The ETF BILD Project Presents its First Leadership Discussion Session
ETF veterans discuss implications of FINRA Rule 5250 April 6, 2018 From time to time, ETF BILD has the opportunity to discuss a variety of issues and topics with prominent individuals in the ETF industry. In connection therewith, we seek comments from our readership resulting in a full and thoughtful discussion around the issues and […]
First Item on Your 2018 “To Do” List: Send Comments to the SEC About the Proposed New ETF Rule
BY BIBB STRENCH January 17, 2018 Ten years after it tried to adopt an ETF rule, the SEC has once again announced that it will propose a rule allowing a firm to enter the ETF business without first obtaining an exemptive order. Perhaps more importantly, the new ETF rule will level the regulatory playing field […]
Boards Need to Start Laying the Groundwork for Overseeing the Rapidly Approaching ETF Liquidity Risk Management Programs
BY BIBB STRENCH AND RICHARD KEARY October 3, 2017 Exchange-traded fund (ETF) boards soon will be knee deep in reports and presentations designed to facilitate their compliance with the SEC’s new liquidity rule. Rule 22e-4 under the Investment Company Act of 1940 will require ETFs (and mutual funds) by December 1, 2018 (June 1, 2019 […]
Launching a Successful ETF
The launching is easy, raising assets is more of a challenge and needs further inspection to help those who are seeking to create new ETF products.