Americas ETP News
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Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
July 15, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, July 15, 2011:
Wildcat Silver Corporation (TSXVN:WS) will be removed from the index.
The company will graduate to trade on TSX under the same ticker symbol.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
WisdomTree to List on NASDAQ Global Market
Company to trade under new symbol "WETF" on July 26, 2011
July 15, 2011--WisdomTree , an exchange-traded fund ("ETF") sponsor and asset manager, today announced the Company anticipates that its common stock will become listed
on The NASDAQ Global Market on or about Tuesday, July 26, 2011. WisdomTree will trade under new ticker symbol "WETF".
Source: NASDAQ OMX
CFTC.gov Commitments of Traders Reports Update
July 15, 2011--The current reports for the week of July 12, 2011 are now available
view updates
Source: CFTC.gov
Update: As Previously Announced, Treasury to Employ Final Extraordinary Measure to Extend U.S. Borrowing Authority Until August 2
July 15, 2011-- Today, the U.S. Department of the Treasury released the following statement from Jeffrey Goldstein, Under Secretary for Domestic Finance, regarding the use of the last of the four previously announced measures available to keep our nation under the statutory debt limit, suspension of reinvestment of the Exchange Stabilization Fund.
“Today, as previously announced, the Treasury Department will suspend reinvestment of the Exchange Stabilization Fund, the last of the measures available to keep the nation under the statutory debt limit. In order to prevent a default on the nation’s obligations, Congress must enact a timely increase of the debt ceiling.”
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Source: US Department of the Treasury
SEC Announces July 29 Field Hearing on the State of the Municipal Securities Market
July 15, 2011 – The Securities and Exchange Commission today announced that it will hold a municipal securities market field hearing in Jefferson County, Ala., on July 29. Topics will include distressed communities, small issuers, disclosure, derivatives and pre-trade price transparency.
“Hearing directly from those who are affected by our policies helps to shape better rules,” said Chairman Mary L. Schapiro. “That’s especially the case with municipal securities.”
The event is the third in a series of hearings examining issues that affect investors in the municipal securities market. The first was held in San Francisco in September, 2010, followed by a hearing in December at the SEC’s headquarters in Washington, D.C.
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Source: SEC.gov
iShares files with the SEC
July 15, 2011--iShares has filed a pre-effective amendment no.3 to Form S-1 registration statement with the SEC for the iShares Copper Trust.
view filing
Source: SEC.gov
AdvisorShares files with the SEC
July 15, 2011--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the AdvisorShares Global Echo ETF
NYSE Arca Ticker: GIVE.
view filing
Source: SEC.gov
Russell files with the SEC
July 15, 2011--Russell has filed a post-effective amendment, registration statement with the SEC for the:
Russell Developed ex-U.S. Low Beta ETF
Russell Developed ex-U.S. High Beta ETF
Russell Developed ex-U.S. Low Volatility ETF
Russell Developed ex-U.S. High Volatility ETF
Russell Developed ex-U.S. High Momentum ETF
view filing
Source: SEC.gov
Russell files with the SEC-4 ETFs
July 15, 2011--Russell has filed a post-effective amendment, registration statement with the SEC for 4 ETFs.
The Russell Small Cap Aggressive Growth ETF
Russell Small Cap Consistent Growth ETF
Russell Small Cap Contrarian ETF
Russell Small Cap Low P/E ETF
view filing
Source: SEC.gov
Concurrence Statement on the Order Regarding the Effective Date for Swap Regulation
Commissioner Scott D. O’Malia
July 14, 2011--I concur with the Commission’s decision to use its exemptive authority under section 4(c) of the Commodity Exchange Act (CEA) to provide temporary relief from certain provisions of the Dodd-Frank Act. This order will provide much needed legal certainty to the market, at least until December 31, 2011, while the Commission continues its efforts to adopt final rules under the Dodd-Frank Act.
Whereas I support the Commission in providing legal certainty, albeit limited, I am disappointed in the lack of harmonization between our order and the exemptive relief that the Securities and Exchange Commission (S.E.C.) provided. I am also disappointed that the final order ignored a number of comments from market participants, those that have most at stake in each of the Commission’s decisions. I hope that this order does not foreshadow the direction of final rulemakings to come.
Lack of Harmonization
In general, the S.E.C.’s order provides exemptive relief until the relevant final rulemaking is implemented. The Commission’s order provides such relief only until December 31, 2011. I proposed an amendment that would have conformed the two orders that the Commission rejected. The S.E.C. is a full partner in many of our rulemakings; it only makes sense to develop identical relief policies. The C.F.T.C.’s sunset provision is based on an arbitrary date and cuts short the very legal certainty that this order purports to provide. Moreover, participants from every aspect of our market – including investor advocates, a designated contract market and derivatives clearing organization, a potential swap execution facility, and multiple trade associations representing intermediaries – commented that the December 31, 2011, expiration date is unnecessary. In contrast, only one commenter supported the expiration date.
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Source: SEC.gov
