Market braced for upheaval as SEC signals ETF crackdown
US regulators are seeking greater oversight of the ETF creation and redemption process, amid rumblings from systemic risk watchdogs
Broker-dealers and exchange-traded fund (ETF) providers in the US are bracing themselves for a period of upheaval amid the arrival of a more stringent regulatory reporting regime, which many fear could augur heightened scrutiny of the booming sector.
On May 20, the Securities and Exchange Commission (SEC) issued the Investment Company Reporting Modernization proposed rule, which participants say
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