The SEC is expected to propose a new rule next week that will make it easier to start ETFs, Kara Scannell and Diya Gullapalli report in today's WSJ FundTrack. Many ETF firms had been complaining about the snail's pace of the approval process and the seemingly random hand that picked those that were approved. (see: "So You Want to Get Your ETF Approved..." MFWire July 26, 2007)Few details of what the new proposal may include are available but, in a recent speech investment management division director, Buddy Donohue, said that one SEC goal is to make a rule codifying ETF relief.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE