"Unreasonably Feeble"-continued

Opening Statement of Commissioner Scott D. O'Malia Regarding Open Meeting on One Final Rule and One Proposed Rule1
February 23, 2012--Introduction
The latest issue of The Economist features an article titled "Over-regulated America"2 that features as its archetype for excessive and badly-written regulation our own Dodd-Frank Act.
The problem, the article points out, is that rules that sound reasonable on their own may impose a huge collective burden due, in part, to their complexity. Part of the problem is that we, as The Economist points out, are under the impression that we can anticipate and regulate for every eventuality. In our hubris, The Economist warns, our overreaching tends to defeat our good intentions and creates loopholes and perhaps unintentional safe-harbors, leaving our rules ineffectual and subject to abuse. The solution The Economist offers isn’t so unfamiliar, at least to this Commissioner. It is rather simple. It is just that: Rules need to be simple. Echoing President Obama’s 2011 Executive Order 13563 “Improving Regulation and Regulatory Review”3 (which applies equally to independent federal agencies such as the Commodity Futures Trading Commission (the “Commission” or “CFTC”) per a subsequent Executive Order4), The Economist advises that we ought to cut out the verbiage and focus on writing rules that articulate broad goals and prescribe only what is strictly necessary to achieve them.

read more

Source: CFTC.gov


American ETP News
Pointbreak files with the SEC-Pointbreak US Internet Index Fund
July 25, 2016--Pointbreak has filed a post-effective amendment, registration statement with the SEC for the Pointbreak US Internet Index Fund.
read more
Pointbreak files with the SEC-Pointbreak Buyback Index Fund
July 25, 2016--Pointbreak has filed a post-effective amendment, registration statement with the SEC for the Pointbreak Buyback Index Fund.
read more
Pointbreak files with the SEC-Pointbreak Internet Security Index Fund
July 25, 2016--Pointbreak has filed a post-effective amendment, registration statement with the SEC for the Pointbreak Internet Security Index Fund.
read more
iShares files with the SEC
July 22, 2016--iShares has filed a application for exemptive relief with the SEC.
read more
Oppenheimer files with the SEC
July 22, 2016--Oppenheimer has filed a post-effective amendment, registration statement with the SEC for the
Oppenheimer ESG Revenue ETF
Oppenheimer Global ESG Revenue ETF.
read more
ETF Series Solutions files with the SEC-Premise Capital Frontier Advantage Diversified Tactical ETF
July 22, 2016--ETF Series Solutions has filed a post-effective amendment, registration statement with the SEC for the Premise Capital Frontier Advantage Diversified Tactical ETF.
read more
Prudential files with the SEC
July 21, 2016--Prudential has filed a amended application for exemptive relief with the SEC.
read more
Goldman Sachs files with the SEC
July 21, 2016--Goldman Sachs has filed a post-effective amendment, registration statement with the SEC for the Goldman Sachs Hedge Industry VIP ETF.
read more
Guggenheim files with the SEC
July 21, 2016-- Guggenheim has filed a post-effective amendment, registration statement with the SEC for the Guggenheim S&P 100(R) Equal Weight ETF.
read more
Legg Mason files with the SEC
July 20, 2016--Legg Mason has filed a post-effective amendment, registration statement with the SEC. This filing relates solely to Legg Mason International Low Volatility High Dividend ETF.
read more
FlexShares files with the SEC
July 20, 2016--FlexShares has filed a post-effective amendment, registration statement with the SEC.
read more
Schwab files with the SEC
July 20, 2016--Schwab has filed a post-effective amendment, registration statement with the SEC.
read more
Elkhorn files with the SEC-Elkhorn Lunt Low Vol/High Beta Tactical ETF
July 22, 2016--Elkhorn has filed a post-effective amendment, registration statement with the SEC for the Elkhorn Lunt Low Vol/High Beta Tactical ETF.
read more
KraneShares files with the SEC
July 19, 2016--KraneShares has filed a application for exemptive relief with the SEC-actively managed ETFs.
read more
Direxion files with the SEC
July 19, 2016--Direxion has filed a post-effective amendment, registration statement with the SEC for the
Direxion Daily European Financials Bear 1X Shares
Direxion Daily Gold Miners Index Bear 1X Shares
read more
iShares files with the SEC
July 19, 2016--iShares has filed a post-effective amendment, registration statement with the SEC.
read more
Destra Capital Investments LLC files with the SEC
July 18, 2016--Destra Capital Investments LLC has filed a first amended application for exemptive relief with the SEC.
read more
SPDR Series Trust files with the SEC
July 18, 2016-SPDR Series Trust has filed a post-effective amendment, registration statement with the SEC.
read more
Janus files with the SEC
July 18, 2016--Janus has filed a post-effective amendment, registration statement with the SEC for the
Janus Velocity Tail Risk Hedged Large Cap ETF
s Velocity Volatility Hedged Large Cap ETF.
read more
Infographic-The 2016 Long-Term Budget Outlook
July 15, 2016--This infographic provides an overview of CBO's report, The 2016 Long-Term Budget Outlook. Gain quick insight into why CBO projects a substantial imbalance in the federal budget beyond the next 10 years.
read more
ETFGI reports Assets invested in ETFs/ETPs listed in Canada reached a new record high of 79 billion US dollars at the end of June 2016
July 15, 2016-ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in Canada reached a new record high US$79.42 billion at the end of June 2016, according to preliminary data from ETFGI's June 2016 global ETF and ETP industry insights report.
read more
PowerShares files with the SEC
July 15, 2016--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares DWA Momentum & Low Volatility Rotation Portfolio.
read more
Legg Mason files with the SEC
July 15, 2016--Legg Mason has filed a post-effective amendment, registration statement with the SEC for the
Legg Mason International Low Volatility High Dividend ETF.
read more
American Beacon Advisors Announces Completion of Investment In ARK Investment Management
July 14, 2016--American Beacon Advisors, Inc. ("American Beacon"), a leading provider of investment advisory services to institutional and retail markets, announced today that it has completed an investment of a minority interest in ARK Investment Management LLC ("ARK"), a New York based federally registered investment adviser that offers registered and unregistered investment product, including a suite of exchange-traded funds ("ETFs") focused on disruptive innovation.
read more
VelocitySharesTM to Launch Additional Volatility-related Exchange Traded Notes
July 14, 2016--Janus Capital Group, Inc., (NYSE:JNS) today announced the launch of three Volatility-Strategy exchange traded notes ("ETNs") under its VelocitySharesTM brand-The VelocitySharesTM VIX Variable Long/Short ETN (NYSE:LSVX), The VelocitySharesTM VIX Tail Risk ETN (NYSE:BSWN) and The VelocitySharesTM VIX Short Volatility Hedged ETN (NYSE:XIVH).
read more
Invesco PowerShares Expands Industry-Leading Factor ETF Lineup, Launches DWA Momentum & Low Volatility Rotation Portfolio (DWLV)
July 14, 2016--Based on Dorsey, Wright & Associates (DWA) Dynamic Asset Level Investing (DALI) Tool, DWLV is a Fund of Funds Tracking the DWA Multi-Factor Global Equity Index
read more
FlexShares Launches Two Sustainable Investing ETFs
July 14, 2016--New ETFs track STOXX indexes and provide ESG exposure.
FlexShares(R)Exchange Traded Funds, sponsored and managed by Northern Trust, today introduced the FlexShares STOXX(R) US ESG Impact Index Fund (NASDAQ: ESG) and FlexShares STOXX(R) Global ESG Impact Index Fund (NASDAQ: ESGG).
read more
VanEck Launches Investment Grade Emerging Markets Sovereign Bond ETF
July 14, 2016--Exposure to U.S. dollar-denominated, investment grade bonds helps balance risks for investors seeking yield
read more
Principle files with the SEC
July 14, 2016--Principle has filed a post-effective amendment, registration statement with the SEC for the
Principal Healthcare Innovators Index ETF
Principal Millennials Index ETF.
read more
UBS plans to offer NextShares exchange-traded managed funds
July 13, 2016--UBS Financial Services Inc. and NextShares Solutions LLC (NextShares Solutions), a wholly owned subsidiary of Eaton Vance Corp. (Eaton Vance), announced today that UBS Financial Services plans to offer NextSharesTM exchange-traded managed funds (NextShares) as part of its solutions set for clients.
read more
WisdomTree Expands Offering on Schwab ETF OneSourceTM
July 13, 2016-- WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor and asset manager, today announced the addition of three WisdomTree ETFs to Schwab ETF OneSourceTM, which offers investors and advisors the most commission-free ETFs in the industry.1
read more
Credit Suisse Announces the Launch of a Mortgage REIT Exchange Traded Note: Credit Suisse X-Links Monthly Pay 2xLeveraged Mortgage REIT ETN
July 13, 2016--Credit Suisse today announced the launch of its X-LinksTM Monthly Pay 2xLeveraged Mortgage REIT ETN, which is listed on NYSE Arca under the ticker symbol "REML" and will begin trading this morning.
read more
Direxion files with the SEC
July 13, 2016--Direxion has filed a post-effective amendment, registration statement with the SEC for the
Direxion Daily CSI China Internet Bull 2X Shares.
read more
Sustainable ETF Range Expanded With Launch Of Two New iShares By BlackRock
July 13, 2016--BlackRock has revealed the launch of two sustainable equity exchange-traded funds (ETFs) to address increasing demand by investors for socially-responsible and long-term investments.
read more
State Street and Bloomberg Announce Enhanced Processing and Settlement for Fixed Income ETFs
June 13, 2016--State Street Corporation (NYSE: STT), and Bloomberg, the global business and financial information and news leader, announced today the launch of an enhancement for the fixed income exchange traded fund (ETF) market that helps clients process and settle ETF orders in a more efficient, scalable and automated manner.
read more
ETFGI reports Assets invested in ETFs/ETPs listed in the United States reached a new record high of 2.256 trillion US dollars at the end of June 2016
July 13, 2016-ETFGI the leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, today reported assets invested in ETFs/ETPs listed in the United States reached a new record high US$2.256 trillion at the end of June 2016, according to preliminary data from ETFGI's June 2016 global ETF and ETP industry insights report.
read more
SEC Proposes Rules to Enhance Order Handling Information Available to Investors
July 13, 2016--The Securities and Exchange Commission today voted to propose rules that for the first time would require broker-dealers to disclose the handling of institutional orders to customers. The proposed rules also would expand the information included in existing retail order disclosures.
read more
SEC Adopts Additional Rules Related to Security-Based Swap Transaction Reporting
July 13, 2016--The Securities and Exchange Commission today announced that it has adopted amendments and guidance related to rules regarding the regulatory reporting and public dissemination of security-based swap transactions, known as Regulation SBSR.
read more
Teucrium files with the SEC
July 12, 2016--Teucrium has filed a form S-1, registration statement with the SEC for the
Teucrium Wheat Fund.
read more
SolidX Management LLC files with the SEC-SolidX Bitcoin Trust
July 12, 2016--SolidX Management LLC has filed a form S-1 registration statement with the SEC for the
SolidX Bitcoin Trust.
read more
OWLshares Trust (0001644920) (Filer)
July 12, 2016--OWLShares has filed a pre-effective amendment, registration statement with the SEC for the
OWLshares ESG Large Cap 500 Index ETF.
read more
AdvisorShares Launches the AdvisorShares Cornerstone Small Cap ETF (SCAP)
July 12, 2016--Small cap offering becomes first actively managed ETF to convert the performance history from a different investment structure
read more
Global X Funds Launches Conscious Companies ETF
July 12, 2016--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X Conscious Companies ETF (KRMA).
read more
CBO-H.R. 5424, Investment Advisers Modernization Act of 2016
July 12, 2016--Under current law, the Securities and Exchange Commission (SEC) enforces rules and requirements for advertising, transferring, and selling funds and securities by investment advisers. H.R. 5424 would provide investment advisers several exemptions from certain of those requirements.
read more
CBO-The 2016 Long-Term Budget Outlook
July 12, 2016--If current laws remained generally unchanged, the United States would face steadily increasing federal budget deficits and debt over the next 30 years-reaching the highest level of debt relative to GDP ever experienced in this country.
read more
IMF-Structural Forces Weigh on Future U.S. Growth
July 12, 2016--U.S. growth resilient, forecast at 2.2 percent this year, 2.5 percent in 2017
Addressing long-term structural problems key to ensure continued solid growth
U.S needs to lower public debt
read more
Van Eck files with the SEC
July 11, 2016--Van Eck has filed a post-effective amendment, registration statement with the SEC for the VanEck Vectors EM Investment Grade + BB Rated USD Sovereign Bond ETF (IGEM).
read more
PowerShares files with the SEC-PowerShares Government Collateral Pledge Portfolio
July 11, 2016--PowerShares has filed a post-effective amendment, registration statement with the SEC for the
PowerShares Government Collateral Pledge Portfolio.
read more
SSGA files with the SEC-SPDR(R) SSGA Fixed Income Sector Rotation ETF
July 11, 2016--SSGA has filed a post-effective amendment, registration statement with the SEC for the
SPDR(R) SSGA Fixed Income Sector Rotation ETF.
read more
Rep. DeFazio to Propose Financial Transactions Tax
July 11, 2016--Rep. Peter DeFazio (D-Ore.) is scheduled to introduce a plan to levy a 0.03 percent tax on most financial trades as he seeks to curb high-frequency trading.
read more
CBO-Monthly Budget Review for June 2016
July 8, 2016--The federal budget deficit was $397 billion for the first nine months of fiscal year 2016, the Congressional Budget Office estimates-$81 billion more than the shortfall recorded during the same period last year.
read more
ETFis files with the SEC
July 8, 2016--ETFis has filed a post-effective amendment, registration statement with the SEC for the Telsey Millennial Consumer ETF.
read more
IvyShares files with the SEC
July 8, 2016--IvyShares has filed a pre-effective amendment, registration statement with the SEC for the
Ivy Focused Growth NextShares
Ivy Focused Value NextShares
Ivy Energy NextShares.
read more
Auour Investments and Riskalyze Partner to bring Risk Number(R) to the Instinct Family of Downside Protection Strategies
July 7, 2016--Auour Investments, an investment firm focused on downside protection through risk regime detection, and Riskalyze, a platform that enables advisers to capture a quantitative measurement of client risk tolerance, have formalized a partnership to bring Auour Investment's Instinct family of ETF-based downside protection strategies to the Riskalyze community.
read more
Principal Exchange-Traded Funds files with the SEC
July 7, 2016--Principal Exchange-Traded Funds has filed a post-effective amendment, registration statement with the SEC for the Principal U.S. Small Cap Index ETF.
read more
Folio Institutional's Model Manager Exchange Adds Morningstar Managed Portfolios ETF and Mutual Fund Models
July 7, 2016--Folio Institutional has added 31 Morningstar(R) Managed PortfoliosSM ETF and mutual fund models to its Model Manager Exchange (MMX).
read more
OSI ETF Trust files with the SEC
July 6, 2016--OSI ETF Trust has filed a pre-effective amendment, registration statement with the SEC for the O'Shares ETF.
read more
Northern Trust Expands Mutual Fund Services for Correspondent Bank Clients
Leverages Broadridge's Matrix Financial Solutions for Trade Processing
July 6, 2016--Northern Trust announced today it will expand the third-party fund services it provides to Correspondent Trust Services clients through a collaboration with Matrix Financial Solutions, a Broadridge Company.
read more
Strategy Shares files with the SEC
July 6, 2016--Strategy Shares has filed a post-effective amendment, registration statement with the SEC for the
Active Alts Contrarian ETF.
read more
Amplify files with the SEC-YieldShares CWP Dividend & Option Income ETF
July 6, 2016--Amplify has filed a post-effective amendment, registration statement with the SEC for the
YieldShares CWP Dividend & Option Income ETF.
read more
PowerShares files with the SEC
July 5, 2016--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares DWA Momentum & Low Volatility Rotation Portfolio.
read more
Fidelity undercuts even Vanguard on index fund fees
July 3, 2016--Fidelity is slashing fees across its family of index mutual funds and exchange traded funds to keep competitive as investors continue to flock from active funds to lower-cost strategies.
read more
AdvisorShares files with the SEC
July 1, 2016--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the
AdvisorShares Focused Equity ETF.
read more
FlexShares files with the SEC
July 1, 2016--FlexShares has filed a post-effective amendment, registration statement with the SEC for the
FlexShares(R) STOXX(R) US ESG Impact Index Fund
FlexShares(R) STOXX(R) Global ESG Impact Index Fund.
read more
TrimTabs files with the SEC
July 1, 2016--TrimTabs has filed a amended application for exemptive relief with the SEC.
read more
ETF Managers Group files with the SEC
July 1, 2016--ETF Managers Group has filed a amended application for exemptive relief with the SEC.
read more
Notice of Calamos ETF Closure
July 1, 2016--Calamos Investments, a global investment firm, announced today that the Calamos Focus Growth ETF (the "Fund") will be closed effective August 1, 2016 and subsequently liquidated.
read more
SEC Investor Advocate Fleming targets fees charged by advisers
July 1, 2016--Rick Fleming will push the Securities and Exchange Commission to follow through on its review of how brokers and investment advisers disclose their fees to clients.
read more
Guggenheim launches first ETF providing equal weight access to S&P 100 Index
June 30, 2016--Strategic beta approach expands Guggenheim's innovative, industry-leading line of equal-weight ETFs
read more
First Asset Announces Unit Consolidation of First Asset Global Financial Sector ETF
June 30, 2016--First Asset Investment Management Inc. ("First Asset"), the Manager and Trustee of First Asset Global Financial Sector ETF (TSX: FSF) (the "First Asset ETF") announced today that it intends to consolidate the units (the "Units") of the First Asset ETF as described below (the "Consolidation").
read more
BlackRock Expands iShares Sustainable ETF Range
June 30, 2016--Two new funds provide access to international and emerging market stocks that have positive environmental, social and governance characteristics.
read more
Exchange Traded Concepts to close Falah Russell-IdealRatings US Large Cap ETF
June 30, 2016--After careful consideration, the Board of Trustees of ETF Series Solutions has determined to close and liquidate the Falah Russell-IdealRatings U.S. Large Cap ETF (NYSE Arca: FIA) (the "Fund").
read more
Wilshire Funds Management Assumes Portfolio Management of the AdvisorShares Wilshire Buyback ETF (TTFS)
June 30, 2016--AdvisorShares, a leading sponsor of actively managed exchange-traded funds (ETFs), announced today that Santa Monica, California-based Wilshire Associates will assume sub-advisor responsibilities of the AdvisorShares Wilshire Buyback ETF (NYSE Arca: TTFS) on Friday, July 1, 2016.
read more
OWLshares Advisors files with the SEC
June 29, 2016--OWLshares Advisors has filed a second amended and restated application for exemptive relief with the SEC.
read more
Horizons ETFs Announces Closure of Certain ETFs
June 29, 2016-Horizons ETFs Management (Canada) Inc. and its affiliate AlphaPro Management Inc. (the "Manager") announced today that they will be terminating certain exchange traded funds ("ETFs") effective at the close of business on or about Friday, September 9, 2016 (the "Termination Date").
read more
Winklevoss Bitcoin files with the SEC
June 29, 2016--Winklevoss Bitcoin Trust has filed a amendment no. 6 Form S-1 registration statement with the SEC for the Winklevoss Bitcoin Trust.
read more
Bank of Montreal files with the SEC
June 29, 2016--Bank of Montreal has filed a amendment No. 3 to form S-1, registration statement with the SEC for the Vaulted Gold Bullion Trust.
read more
AdvisorShares files with the SEC-AdvisorShares KIM Korea Equity ETF
June 29, 2016--AdvisorShares has filed a post-effective amendment, registration statement with the SEC. This Post-Effective Amendment No. 107 relates to the AdvisorShares KIM Korea Equity ETF.
read more
Global X files with the SEC-Global X Conscious Companies ETF
June 29, 2016--Global X has filed 2 post-effective amendment, registration statements with the SEC for the Global X Conscious Companies ETF.
read more
CBO-The 2016 Budget Outlook
June 29, 2016--In 2016, the federal budget deficit will increase, in relation to the size of the economy, for the first time since 2009, according to the Congressional Budget Office's estimates.
read more
iShares files with the SEC-iShares MSCI EM ESG Select ETF
June 28, 2016--iShares has filed a post-effective amendment, registration statement with the SEC. This filing relates solely to the iShares MSCI EM ESG Select ETF.
read more
iShares files with the SEC
June 28, 2016--iShares has filed a post-effective amendment, registration statement with the SEC. This filing relates solely to the iShares MSCI EAFE ESG Select ETF
read more
AccuShares Introduces New ETF for Investing in Oil
June 28, 2016--OILU and OILD Offer Lowest Annual Expense Ratio of Any Crude Oil Exchange-Traded Product (0.29 Percent) and No K-1's
New Fund Addresses Issues With Existing Oil ETFs, Including Daily Rebalancing, Cost of Using Futures and Derivatives in a Portfolio, Transparency
read more
SEC Proposes Rule Requiring Investment Advisers to Adopt Business Continuity and Transition Plans
June 28, 2016--The Securities and Exchange Commission today proposed a new rule that would require registered investment advisers to adopt and implement written business continuity and transition plans.
read more
Bank of Montreal files with the SEC-Vaulted Gold Bullion Trust
June 28, 2016--Bank of Montreal has filed a amendment No. 2 to form S-1, registration statement with the SEC for the Vaulted Gold Bullion Trust.
read more
Strategy Shares files with the SEC
June 28, 2016-Strategy Shares has filed a post-effective amendment, registration statement with the SEC for the BioShares BioThreat ETF.
read more
SSGA files with the SEC
June 28, 2016--SSGA has filed a post-effective amendment, registration statement with the SEC-SELECT SECTOR SPDR TRUST.
read more
AccuShares Introduces New ETF For Investing in Oil
June 28, 2016--OILU and OILD offer lowest annual expense ratio of any crude oil exchange-traded product (0.29 percent) and no K-1's
read more
IMF Working paper-Income Polarization in the United States
June 28, 2016--Summary: The paper uses a combination of micro-level datasets to document the rise of income polarization-what some have referred to as the "hollowing out" of the income distribution-in the United States, since the 1970s.
read more
BlackRock removes iShares ETFs from Bats and NYSE Arca pilot liquidity incentive programs
June 28, 2016---BlackRock (NYSE:BLK) is removing its iShares ETFs from the Bats Competitive Liquidity Program (CLP) and the NYSE Arca ETP Incentive Program.
read more
Fidelity(R) Lowers Expenses on 27 Index Mutual Funds and ETFs
Fidelity's Index Funds Already Among Very Lowest in Industry; Expense Reductions Offer Even Better Value, Save Shareholders $20 Million Annually
June 28, 2016--Fidelity Investments(R), one of the industry's largest, most experienced providers of low-cost active and index investment products, today announced that effective July 1, 2016 it will reduce total expenses1 on 27 of its equity and bond index mutual funds and exchange traded funds (ETFs).
read more
State Street Global Advisors Expands Suite of Industry ETFs to Provide Investors with More Precise Exposure to Technology Hardware and Internet Sub-Industries
June 28, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation, (NYSE:STT) today announced that the SPDR(R) S&P(R) Technology Hardware ETF (Ticker: XTH) and the SPDR(R) S&P(R) Internet ETF (Ticker: XWEB) began trading on the NYSE Arca.
read more
Deutsche Asset Management Adds Fourth Fund to Comprehensive Factor ETF Suite (DESC)
June 28, 2016--Deutsche Asset Management (Deutsche AM) today announced the launch of Deutsche X-trackers Russell 2000 Comprehensive Factor exchange traded fund (ETF) (Ticker: DESC), the fourth ETF to be added to its multifactor suite.
read more