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Nuveen files with the SEC
December 21, 2011--Nuveen has filed a Form S-1, pre-effective amendment NO. 3 to Registration statement with the SEC for the Nuveen Long/Short Commodity Total Return Fund.
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Source: SEC.gov
Market Vectors Announces Expiration of HOLDRS Exchange Offers & Launch of Six New ETFs
Over $2 Billion in Tendered HOLDRS Accepted, New Industry-Focused Market Vectors ETFs Set for December 21st Launch
December 20, 2011--Van Eck Global announced today the expiration of the exchange offers by its Market Vectors ETF Trust for any and all outstanding receipts of six Merrill Lynch-sponsored HOLDRS: Oil Service (OIH), Semiconductor (SMH), Pharmaceutical (PPH), Biotech (BBH), Retail (RTH), and Regional Bank (RKH).
The offering period expired, as scheduled, at 11:00 a.m. EST, on December, 20, 2011.
All terms and conditions have been satisfied for each of the six exchange offers. As such, Market Vectors ETF Trust has accepted all tendered HOLDRS associated with the offers. A total of 33,756,917 HOLDRS were validly tendered (and not withdrawn) and accepted by Market Vectors ETF Trust, representing nearly 70% of the value of the aggregate assets of the six Trusts and totaling $2.3 billion (based off today’s 10:30 a.m. market prices).
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Source: Van Eck
iShares files with the SEC-iShares MSCI Australia Index Fund
December 20, 2011--iShares has filed with the SEC for the iShares MSCI Australia Index Fund.
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Source: SEC.gov
iShares files with the SEC-iShares MSCI Russia Capped Index Fund
December 20, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI Russia Capped Index Fund.
view filing
Source: SEC.gov
iShares files with the SEC
December 20, 2011--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI All Peru Capped Index Fund.
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Source: SEC.gov
ProShares files with the SEC
December 20, 2011--ProFunds has filed a pre-effective amendment to Form S-1 with the SEC.
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Source: SEC.gov
Opening Statement, Seventh Open Meeting to Consider Final Rules, Pursuant to the Dodd-Frank Act
Commissioner Jill E. Sommers
December 20, 2011--Thank you Mr. Chairman. And, as always, I thank the teams who have worked so diligently on the final rules we are considering today.
Today we are considering very important data, recordkeeping, and reporting rules that are critical to ensuring that swap market activity is transparent to regulators and market participants alike. The rules we are voting on today seek to strike a balance between obtaining necessary and timely market data while attempting to minimize the associated costs and burdens on markets and market participants. Make no mistake, these rules certainly have costs associated with them, but swap data recordkeeping and reporting are mandated by Dodd-Frank. Our job as regulators is to understand that legislative mandate, to identify the regulatory objectives that will give effect to that mandate, and set out to achieve those objectives in the least costly and burdensome way. For the swap data recordkeeping and reporting rules to function properly, we need to ensure there is consistency among domestic and international regulators when it comes to unique swap identifiers, unique product identifies, and legal entity identifiers.
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Source: CFTC.gov
AdvisorShares files with the SEC
December 19, 2011--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the QAM Equity Hedge ETF.
view filing
Source: SEC.gov
Global X Funds to Liquidate 8 ETFs
December 19, 2011--Global X Funds, the New York-based exchange- traded funds (ETFs), today announced the scheduled liquidation of the following Global X Funds ETFs:
Global X Russell Emerging Markets Growth ETF (EMGX)
Global X Russell Emerging Markets Value ETF (EMVX)
Global X Mexico Small-Cap ETF (MEXS)
Global X Oil Equities ETF (XOIL)
Global X Farming ETF (BARN)
Global X Fishing Industry ETF (FISN)
Global X Food ETF (EATX)
Global X Waste Management ETF (WSTE)
The Funds, which are listed for trading on NYSE Arca, Inc. (“NYSE Arca”), will close to new investors and cease trading on the NYSE Arca at the end of the trading day on February 16, 2012 and will liquidate on February 27, 2012. The Funds represent less than 2% of the assets of the Global X Funds. The Board of Trustees of Global X Funds unanimously determined that it was in the best interests of the Funds and their shareholders to liquidate the Funds.
Thursday, February 16, 2012, is scheduled to be the last day of trading for the shares of the Funds on NYSE Arca. Beginning February 17, 2012 through February 27, 2012, the Funds will be in the process of closing down and liquidating their portfolios. During this time, the Funds will not be pursuing their stated objectives and strategies and tracking their underlying indexes and their cash holdings will increase.
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Source: Global X
CFTC Issues Final Order Amending the Effective Date for Swap Regulation
December 19, 2011--The Commodity Futures Trading Commission (CFTC) today issued a Final Order regarding the effective date for swap regulation. On July 14, 2011, the CFTC granted temporary exemptive relief from certain provisions of the Commodity Exchange Act that otherwise would have taken effect on July 16, 2011,
the general effective date of title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act. On October 25, 2011, the CFTC proposed to extend the exemptive relief beyond the December 31, 2011, expiration date. Today’s Final Order addresses the comments received on the October 25, 2011, Notice of Proposed Amendment, and extends the potential latest expiration date of the exemptive relief to July 16, 2012.
Source: CFTC.gov
