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SEC to Publish for Public Comment Stock-by-Stock Circuit Breaker Rule Proposals
May 18, 2010--The Securities and Exchange Commission announced that in response to the market disruption of May 6, the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) are filing proposed rules today under which they would pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period.
The SEC is seeking comment on the proposed rules.
The markets are proposing these rules in consultation with FINRA and staff of the SEC to provide for uniform market-wide standards for individual securities in the S&P 500® Index that experience a rapid price movement.
These rules reflect a consensus that was achieved among the exchanges and FINRA after SEC Chairman Mary Schapiro convened a meeting of exchange leaders and FINRA at the SEC early last week. That meeting took place within days after the market dropped significantly and after approximately 30 S&P 500 Index stocks fell at least 10 percent in a five-minute period.
read more
Source: SEC.gov
Claymore files with the SEC
May 18, 2010--Claymore has filed a post-effective amendment, registration statement with the SEC for
WILSHIRE MICRO-CAP ETF
NYSE ARCA TICKER SYMBOL: WMCR
read more
Source: SEC.gov
Wisdom Tree files with the SEC-12 ETFs
May 18, 2010--Wisdom Tree has filed a post effective amendment, registration statement with the SEC for
WisdomTree Total Dividend Fund (DTD)
WisdomTree Equity Income Fund (DHS)
WisdomTree Dividend ex-Financials Fund (DTN)
WisdomTree LargeCap Dividend Fund (DLN)
WisdomTree MidCap Dividend Fund (DON)
WisdomTree SmallCap Dividend Fund (DES)
WisdomTree Total Earnings Fund (EXT)
WisdomTree Earnings 500 Fund (EPS)
WisdomTree MidCap Earnings Fund (EZM)
WisdomTree SmallCap Earnings Fund (EES)
WisdomTree LargeCap Value Fund (EZY)
WisdomTree LargeCap Growth Fund (ROI)
read more
Source: SEC.gov
ETSpreads files with the SEC
May 18, 2010--ETSpreads has filed for exemptive relief with the SEC. The Markit iBoxx TIPS Inflation-Linked 5-10 Index will be the Underlying Index on which the Initial Fund will be based.
view filing
Source: SEC.gov
Claymore files with the SEC for 3 BulletShares ETFs
May 18, 2010--Claymore has filed a registration statement with the SEC for
Claymore BulletShares
2018 Corporate Bond ETF
NYSE Arca ticker symbol: BSCJ
Claymore BulletShares
2019 Corporate Bond ETF
NYSE Arca ticker symbol: BSCK
Claymore BulletShares
2020 Corporate Bond ETF
NYSE Arca ticker symbol: BSCM
read more
Source: SEC.gov
Claymore files with the SEC for 7 Claymore BulletShares ETFs
May 18, 2010--Claymore has filed a registration statement with the SEC for
Claymore BulletShares 2011
Corporate Bond ETF
NYSE Arca ticker symbol: BSCB
Claymore BulletShares 2012
Corporate Bond ETF
NYSE Arca ticker symbol: BSCC
Claymore BulletShares 2013
Corporate Bond ETF
NYSE Arca ticker symbol: BSCD
Claymore BulletShares 2014
Corporate Bond ETF
NYSE Arca ticker symbol: BSCE
Claymore BulletShares 2015
Corporate Bond ETF
NYSE Arca ticker symbol: BSCF
Claymore BulletShares 2016
Corporate Bond ETF
NYSE Arca ticker symbol: BSCG
Claymore BulletShares 2017
Corporate Bond ETF
NYSE Arca ticker symbol: BSCH
view filing
Source: SEC.gov
The American Power Act
May 18, 2010--The American Power Act will transform our economy, set us on the path toward energy independence and improve the quality of the air we breathe. It will create millions of good jobs that cannot be shipped abroad and it will launch America into a position of leadership in the global clean energy economy.
Our approach sets an achievable national pollution reduction target and refunds the money raised right back to American consumers and American businesses. This is not a plan that enriches Wall Street speculators. And this is certainly not a plan to grow the government. It is a plan that creates jobs and sets us on a course toward energy independence and economic resurgence. It is time for Democrats, Republicans and Independents to come together to pass legislation that will create American jobs and achieve energy security, while reducing carbon pollution by 17 percent in 2020 and by over 80 percent in 2050.
This bill is supported by a wide and deep coalition of business leaders, environmentalists, political leaders and others.
view the bill
Source: Online News
CFTC/SEC Staff Release Preliminary Joint Findings on May 6 Unusual Market Events
May 18, 2010-The staffs of the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) today released preliminary findings related to the unusual market events on May 6, 2010.
The Preliminary Findings Regarding the Market Events of May 6, 2010-Report of the Staffs of the CFTC and SEC to the Joint Advisory Committee on Emerging Regulatory Issues report is available online.
Source: CFTC.gov
Remarks of Chairman Gary Gensler, Over-the-Counter Derivatives Reform, Association for Financial Professionals’, Global Corporate Treasurers Forum, Washington, D.C.
May 18, 2010--Good morning. I thank the Association for Financial Professionals for inviting me to speak this morning on financial regulatory reform and, in particular, the efforts to bring comprehensive regulatory reform to the over-the-counter derivatives marketplace. This marketplace was at the center of the 2008 financial crisis. It is essential that we work to lower risk and increase transparency in the OTC marketplace to protect the American public and lower the risk of a future taxpayer-funded bailout.
Reform of the over-the-counter derivatives marketplace is important to all of the corporations you represent, as well as to your employees and your customers. Regulatory reform will lower risk that a bank’s failure could have significant implications for you, and it will help you to secure better pricing on derivatives as you hedge your commercial risk. This morning I will address the key components of reform and their importance to your respective industries.
Futures
Derivatives have been around for a long time. In fact, they have traded since the Civil War, when grain merchants came together to hedge the risk of changes in the price corn, wheat and other grains on a central exchange. These derivatives are called futures. Many of you may already use the futures marketplace to hedge your business risk.
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Source: CFTC.gov
Grail files with the SEC
May 17, 2010--Grail Advisors has filed a registration statement with the SEC for
Grail Western Asset Enhanced Liquidity ETF. It is an actively managed ETF.
Investment Strategies
The ETF invests, under normal circumstances, primarily in short-term, investment grade fixed income securities. The ETF will typically invest in money market securities and short-term debt securities, including U.S. treasuries and agencies, corporate and bank obligations, asset backed and mortgage backed instruments, commercial paper and other highly rated, short maturity securities.
Net Annual Operating Expenses:0.30%
view filing
Source: SEC.gov
