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SEC Adopts Rules to Modernize Information Reported by Funds, Require Liquidity Risk Management Programs, and Permit Swing Pricing
October 13, 2016--The Securities and Exchange Commission today voted to adopt changes to modernize and enhance the reporting and disclosure of information by registered investment companies and to enhance liquidity risk management by open-end funds, including mutual funds and exchange-traded funds (ETFs).
The new rules will enhance the quality of information available to investors and will allow the Commission to more effectively collect and use data reported by funds. The new rules also will promote effective liquidity risk management across the open-end fund industry and will enhance disclosure regarding fund liquidity and redemption practices.
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Source: SEC.gov
SEC kicks the bitcoin ETF approval decision down the road
October 13, 2016--The Securities and Exchange Commission late Wednesday declined to make a ruling on a bid to launch what would be the first exchange-traded fund that exclusively tracks the digital currency bitcoin.
The regulator said it was instead seeking additional public feedback on the proposal.
The decision is the latest delay for Tyler and Cameron Winklevoss, whose proposed ETF is designed to trade baskets of shares tied to the digital commodity.
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Source: marketwatch.com
SEC approves fund liquidity rules, goes easy on ETFs
October 13, 2016--The top U.S. securities regulator on Thursday approved major new rules designed to protect mutual fund investors from the effects of a sudden sell-off, but it left for another day some of the dicier issues involved.
The U.S. Securities and Exchange Commission's new rules take aim at liquidity issues of the $18 trillion traditional mutual fund market.
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Source: Reuters
Infographic-How Does the U.S. Stock Market Perform in Election Years?
October 13, 2016--In just a few weeks time, the ballots will be in for one of the most controversial elections in U.S. history.
Whether the tally ends in a Clinton or Trump presidency, it's difficult to know the potential range of implications that the 2016 election will have on markets.
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Source: visualcapitalist.com
CFTC, SEC officials clash over source of thinner trading activity
November 12, 2016--Federal regulators' lack of research into waning market liquidity is getting frustrating, J. Christopher Giancarlo, a commissioner at the Commodity Future Trading Commission, said.
Giancarlo, speaking on an Oct. 12 panel discussion at Georgetown University's McDonough Business School, made his criticisms just a few days after the most recent "flash crash" in which the British pound dropped 6 percent against the U.S. dollar.