Americas ETP News
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ALPS files with the SEC
January 19, 2012--ALPs has filed a post-effective amendment, registration statement with the SEC for the U.S. EQUITY HIGH VOLATILITY PUT WRITE INDEX FUND - HVPW.
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Source: SEC.gov
Direxion files with the SEC
Janaury 19, 2012--Direxion has filed a post-effective amendment, registration statement with the SEC for the Direxion Daily Russia Bull 3X Shares (RUSL)
Direxion Daily Russia Bear 3X Shares (RUSS).
view filing
Source: SEC.gov
Claymore files with the SEC
Janaury 19, 2012-Claymore has filed a post-effective amendment, registration statement with the SEC for the Claymore Exchange Traded Funds ETF Trust 2.
view filing
Source: SEC.gov
Claymore files with the SEC
January 19, 2012--Claymore has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
ProShares files with the SEC
January 19, 2012--ProShares has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
Wisdom Tree files with the SEC
January 19, 2012--Wisdom Tree has filed a post-effective amendment, registration statement with the SEC for the WISDOMTREE TRUST - CURRENCY INCOME & FIXED INCOME FUNDS AND ALTERNATIVE FUNDS.
view filing
Source: SEC.gov
iShares files with the SEC
January 19, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI India Index Fund.
view filing
Source: SEC.gov
Emerging Global Shares files with the SEC
January 19, 2012--Emerging Global Shares has filed a post-effective amendment, registration statement with the SEC for the EGShares Beyond BRICs ETF
EGShares Emerging Markets Domestic Demand ETF.
view filing
Source: SEC.gov
BNY Mellon to Provide ETF Services for Six Market Vectors Funds
Technical Expertise to Help Transition from Merrill Lynch HOLDRS
January 18, 2012--BNY Mellon, the global leader in investment services, has been selected to provide exchange-traded fund (ETF) services, custody, fund accounting and securities lending for the six new Market Vector Industry ETFs which launched on December 20, 2011.
The six new ETFs were offered to existing investors in the corresponding six Merrill Lynch-sponsored HOLDRS through separate exchange offers. All six exchange offers were successful, and the HOLDRS were terminated. This exchange offered participating investors the opportunity for uninterrupted exposure to the target industries: oil services (OIH), semiconductors (SMH), pharmaceuticals (PPH), biotech (BBH), retail (RTH) and regional banks (RKH). The new ETFs, distributed by Van Eck Global, retained the corresponding HOLDRS' ticker symbols.
"The ETF structure provides a more dynamic, diversified investment vehicle as it better reflects changes in the composition of industry sectors that inevitably occur over time," said John Crimmins, vice president, portfolio administration, at Van Eck. "This was a unique transaction, and we are pleased that BNY Mellon had the expertise and depth of service required to assist investors who transitioned from the HOLDRS to the ETFs."
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Source: BNY Mellon
Testimony on "Examining the Impact of the Volcker Rule on Markets, Businesses, Investors and Job Creation" -by Mary L. Schapiro Chairman U.S. Securities and Exchange Commission
Before the Capital Markets and Government Sponsored Enterprises Subcommittee and Financial Institution and Consumer Credit Subcommittee of the U.S. House of Representatives Committee on Financial Services
January 18, 2012--Chairmen Garrett and Capito, Ranking Members Waters and Maloney, and members of the Subcommittees:
Thank you for the opportunity to testify regarding the Commission’s joint proposal with the Federal banking agencies to implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act
(the “Dodd-Frank Act”), commonly referred to as the “Volcker Rule.”1
The proposal reflects a collective and extensive effort by the four agencies involved —the Board of Governors of the Federal Reserve System (“Board of Governors”), the Federal Deposit Insurance Corporation (“FDIC”), the Office of the Comptroller of the Currency (“OCC”), and the Securities and Exchange Commission (“the Commission” or “SEC”) — to design a rule, as mandated by the Dodd-Frank Act, to implement the required prohibitions and restrictions in a way that is consistent with the language and purpose of the statute. To create this proposal, staffs from each of the agencies, along with staff from the Commodity Futures Trading Commission (“CFTC”), engaged in weekly meetings under the leadership of the Department of the Treasury to discuss issues and share ideas related to effective implementation of the statute.
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Source: SEC
