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Fee Rate Advisory #5 for Fiscal Year 2012
January 20, 2012 — The Securities and Exchange Commission today announced that on February 21, 2012 the fees rates applicable to most securities transactions will decrease from $19.20 per million dollars to $18.00 per million dollars. The assessment on security futures transactions will remain unchanged at $0.0042 for each round turn transaction.
The Commission determined these new rates in accordance with Section 31 of the Securities Exchange Act of 1934 (“Exchange Act”). Accordingly, the Commission consulted with both the Congressional Budget Office and the Office of Management and Budget regarding the annual adjustment. These adjustments do not affect the amount of funding available to the Commission.
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Source: SEC.gov
Wolkoff Announces Plans to Depart ELX Effective April 30
January 20, 2012--Neal L. Wolkoff, Chief Executive Officer of ELX Futures, L.P. (ELX), today notified the ELX board of his resignation, effective April 30.
ELX, a leading electronic futures exchange offering market competition in U.S. Treasury and Eurodollar futures contracts, launched on July 10, 2009 to establish a faster, more efficient competitive alternative for global market participants trading futures..
Wolkoff, who has been CEO of ELX since launch, previously served as chairman and CEO of the American Stock Exchange and was the Chief Operating Officer in a 20-year career at the New York Mercantile Exchange.
Wolkoff said, “ELX presented an exciting opportunity for me to guide strategy, tactics, and operations of a financial institution from before its launch and I am very proud of the inroads we have been able to achieve in providing a competitive market. At this point, I am ready for new challenges and opportunities.”
Source: ELX Futures
U.S. Federal Reserve Releases Templates For Reporting FOMC Participants' Projections Of The Appropriate Target Federal Funds Rate
January 20, 2012--The Federal Reserve on Friday released blank templates showing the format of the two charts it will use on January 25 to report Federal Open Market Committee (FOMC) participants' projections of the appropriate target federal funds rate. It also released a draft of an explanatory note that will accompany the projections.
The first chart, which will have shaded bars when released on January 25, will show FOMC participants’ projections for the timing of the initial increase in the target federal funds rate.
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Source: FBR
Expense ratio changes for 27 Vanguard ETFs®
January 20, 2012--In December 2011, Vanguard filed annual prospectus updates for 27 ETFs that had changes in their stated expense ratios. Eight of the ETFs had expense ratios that increased, while the remaining 19 ETFs had a decrease. Ten sector, six bond, and three mega-cap ETFs experienced reductions. Increases occurred in eight of our Russell and S&P domestic equity ETFs.
In the cases where there were expense ratio reductions, they were primarily a result of the way we operate our funds. When funds and their corresponding ETF share class experience greater efficiencies (either through asset growth, operating cost reductions, or a combination of both) the savings are passed on to the fund owners in the form of lower expenses.
For those ETFs where expense ratios increased, it was due to "acquired fund fees and expenses" (AFFE) that result from ownership of business development companies (BDCs).
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Source: Vanguard
CFTC.gov Commitments of Traders Reports Update
January 20, 2012--The current reports for the week of January 17, 2012 are now available.
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Source: CFTC.gov
Expense ratio changes for 27 Vanguard ETFs®
January 20, 2012--In December 2011, Vanguard filed annual prospectus updates for 27 ETFs that had changes in their stated expense ratios. Eight of the ETFs had expense ratios that increased, while the remaining 19 ETFs had a decrease.
Ten sector, six bond, and three mega-cap ETFs experienced reductions. Increases occurred in eight of our Russell and S&P domestic equity ETFs.
In the cases where there were expense ratio reductions, they were primarily a result of the way we operate our funds. When funds and their corresponding ETF share class experience greater efficiencies (either through asset growth, operating cost reductions, or a combination of both) the savings are passed on to the fund owners in the form of lower expenses.
For those ETFs where expense ratios increased, it was due to "acquired fund fees and expenses" (AFFE) that result from ownership of business development companies (BDCs).
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Source: Vanguard
Exchange Traded Concepts files with the SEC
January 20, 2012--Exchange Traded Concepts has filed a post-effective amendment, registraion statement with the SEC for the Sustainable North American Oil Sands ETF.
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Source: SEC.gov
Emerging Global Advisors files with the SEC
January 20, 2012--Emerging Global Advisors, LLC has filed a Amended and Restated Application for exemptive relief with the SEC.
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Source: SEC.gov
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
