Compliance July 11, 2001

SEC Calls for Active ETF Comments

November 7, 2001 (PLANSPONSOR.com) -The Securities and Exchange Commission (SEC)has asked for public comment on regulation of actively managed exchange-traded funds, or ETFs.
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The SEC is interested in hearing input about:

  • the benefits and risks to investors and markets raised by an ETF with an actively managed portfolio
  • new regulatory concerns raised by active ETFs.

Currently, all exchange-traded funds are based on various equity indices, which try to match the returns on those indices.

SEC Chairman Harvey Pitt said he was concerned about the amount of time between the call for comments and the agency’s response.

“The commission is often accused of not responding to comments quickly,” Pitt said at an meeting to consider the proposal.


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