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AdvisorShares files with the SEC
July 25, 2011--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the Accuvest Global Opportunities ETF
NYSE Arca Ticker: ACCU.
view filing
Source: SEC.gov
Van Eck files with the SEC
July 25, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors CEF Municipal Income ETF.
view filing
Source: SEC.gov
FINRA Warns Investors About Chasing Returns in Structured Products, High-Yield Bonds and Floating-Rate Loan Funds
July 25, 2011- The Financial Industry Regulatory Authority (FINRA) today issued an Investor Alert warning investors about putting their assets into riskier and sometimes complex products that promise higher returns than more traditional investments. With yields on many fixed-income investments at historically low levels and a volatile stock market, investors may be tempted to chase returns by investing in structured notes with principal protection, high-yield bonds, floating-rate loan funds and leveraged products.
FINRA's Investor Alert, The Grass Isn't Always Greener—Chasing Return in a Challenging Investment Environment, was prompted by significant recent inflows into investments like high-yield bond funds, floating-rate loan funds and structured retail products. High-yield bond funds had $75 billion in new sales in 2010. Floating-rate funds grew from $15 billion in 2008 to $60 billion in April 2011, and sales of structured products increased from $33 billion in 2009 to $54 billion in 2010.
view the The Grass Isn’t Always Greener—Chasing Return in a Challenging Investment Environment
Source: FINRA
Cost of Treasury futures set to rise
July 25, 2011--The cost of trading US Treasury futures was set to rise on Monday, as the CME Group adopted defensive measures given the impasse in Washington over raising the Federal debt ceiling.
The operator of the US’s largest futures exchange said it had raised margin requirements on US government debt futures and its other products linked to US Treasuries after a “normal review of market volatility to ensure adequate collateral coverage”.
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Source: FT.com
FBR Report to the Congress on Credit Ratings
July 25, 2011--Executive Summary
Section 939A of the Dodd-FrankWall Street Reform and Consumer Protection Act (the act) requires each
federal agency to review its regulations and identify
(1) any regulation that requires the use of an assessment
of the creditworthiness of a security or money market instrument and (2) any references to or requirements in such regulations regarding credit ratings.
view report-Report to the Congress on Credit Ratings July 2011
Source: FBR
UBS launches two internet IPO Exchange Traded Notes
TWO ETRACS LINKED TO THE UBS INTERNET IPO INDEX COMPRISED OF
TWENTY SOCIAL NETWORKING, INTERNET SOFTWARE AND INTERNET SERVICES STOCKS
July 25, 2011--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca
for two ETRACS Exchange Traded Notes (the “Internet IPO ETNs”) linked to the performance of the UBS Internet
IPO Index (the “Index”).
Investors now have the ability to gain either unleveraged or leveraged exposure to a portfolio of Internet-related companies that have gone public within the last three years, all by way of two, convenient exchange-traded securities.
Both Internet IPO ETNS are linked to a unique benchmark index that currently consists of twenty holdings representing the latest generation of Internet-related stocks such as LinkedIn, HomeAway, Pandora Media and OpenTable. Innovative index construction allows for the addition of new Internet-related companies within weeks after their IPOs, and a monthly Index rebalancing feature and 3-year age limit ensure that the companies in the Index remain up-to-date and relevant.
The ETRACs Internet IPO ETN (Ticker: EIPO) provides exposure to the performance of the Index, while the Monthly 2xLeveraged ETRACS Internet IPO ETN (Ticker: EIPL) provides a monthly compounded two times leveraged exposure to the performance of the Index.
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Source: ETRACS
CFTC Announces First Public Meeting of the Technology Advisory Subcommittee on Data Standardization
July 25, 2011--Subcommittee will Look Into Public/Private Solutions for Creating Well-Accepted Standards for Describing, Communicating, and Storing Data on Complex Financial Products
Washington, DC – The Commodity Futures Trading Commission (CFTC) today announced that on August 5, 2011, the Subcommittee on Data Standardization, a new Subcommittee of the CFTC’s Technology Advisory Committee, will hold a public meeting.
This will be the first of at least three subcommittee public meetings to occur this year, with the other two public meetings tentatively scheduled for September 30, 2011, and November 4, 2011.
The Subcommittee meeting will begin at 1pm in the Conference Center at the CFTC’s Headquarters, Three Lafayette Centre, 1155 21st Street, NW, Washington, DC. The discussion will be open to the public with seating on a first-come, first-served basis.
Members of the public also may listen by telephone and should be prepared to provide their first name, last name and affiliation.
Source: CFTC.gov
Global X files with the SEC
July 22, 2011--Global X has filed a post-effective amendment, registration statement with the SEC for the Global X Social Media Index ETF.
view filing
Source: SEC.gov
Yorkville files with the SEC
July 22, 2011--Yorkville ETF Trust has filed a Amended and Restated Application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Rydex files with the SEC
July 22, 2011--Rydex has filed a post-effective amendment, registration statement with the SEC for the Rydex S&P MidCap 400 Equal Weight ETF -(EWMD) and the
Rydex S&P SmallCap 600 Equal Weight ETF -(EWSM)
view filing
Source: SEC.gov
