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.
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