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US SEC's Schapiro asks for tougher penalty powers
SEC seeks greater power to impose harsher penalties
SEC request comes after Citi settlement rejected
SEC wants to calculate penalties on investor losses
SEC also wants to increase amount of fine per violation
November 29, 2011 -U.S. Securities and Exchange Commission Chairman Mary Schapiro is asking Congress to expand its powers so it can impose tougher financial penalties against wrongdoers on Wall Street.
Schapiro's request, in a Nov. 28 letter to two U.S. senators, comes as the agency is under fire for entering settlements that a federal judge criticized as too lenient.
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Source: Reuters
ProShares files with the SEC
November 29, 2011--ProShares has filed a Form S-1 registration statement with the SEC.
view filing
Source: SEC.gov
Direxion files with the SEC
November 29, 2011--Direxion has filed a post-effective amendment no. 58, registration statement with the SEC.
view filling
Source: SEC.gov
Direxion files with the SEC
November 29, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
Bill Gross’ Year a ‘Stinker,’ as He Lags 92% of Peers
Famed PIMCO bond manager says he ‘has lost a few fly balls in the sun’ this year
November 29, 2011--Proving that even a “fixed income fund manager of the decade” isn’t immune to performance stumbles,
The Financial Times reported Tuesday that PIMCO’s Bill Gross, manager of the world’s largest bond fund, PIMCO Total Return (PTTRX) lost money in the past month as he “struggles to turn around a year of uncharacteristic poor performance.”
Although month-to-month and year over-year-comparisons are somewhat superficial, the FT notes Gross is now ranked behind 92% of his peers, according to an analysis by Lipper, in a year when less than 10% of active bond managers have beaten their benchmark.
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Source: Advisor One
Morgan Stanley-ETF Weekly Update
November 28, 2011--Exchange-Traded Funds
US ETF Weekly Update
Weekly Flows: $2.5 Billion Net Outflows
ETF Assets Stand at $991 Billion, down 1% YTD
Launches: No New ETFs
Global X Announces Changes to China Tech ETF
US-Listed ETFs: Estimated Flows by Market Segment
After two consecutive weeks of net inflows, ETFs posted net outflows of $2.5 bln last week
Last week’s net outflows were led by US Equity ETFs (combined $3.1 bln net outflows)
ETF assets stand at $991 bln, down 1% YTD as market declines have offset net inflows
13-week flows were mostly positive among asset classes; combined $32.5 bln net inflows
Fixed Income ETFs have exhibited the greatest net inflows the past 13 weeks ($15.8 bln net inflows)
Fixed Income ETFs make up 18% of ETF assets, up from 14% at the beginning of the year
We estimate ETFs have generated net inflows 28 out of 47 weeks in 2011; $97.6 bln YTD
US-Listed ETFs: Estimated Largest Flows by Individual ETF
Vanguard Small-Cap ETF (VB) posted net inflows of $1.1 bln last week, the most of any ETF
Vanguard ETFs made up 5 of the top 10 ETFs to generate the largest net inflows last week (the 5 ETFs are
US Equity based)
SPDR S&P 500 ETF (SPY) exhibited the largest net outflows over the past 1-, 4- and 13-week periods;
historically, SPY has posted strong inflows in the 4th quarter
US-Listed ETFs: Change in Short Interest
Data Unchanged: Based on data as of 10/31/11
QQQ exhibited the largest increase in USD short interest since last updated
$498 million in additional short interest
QQQ’s shares short remain near their high over the past year
IWM exhibited the largest decline in USD short interest since last updated
$1.7 billion in reduced short interest
Shares short for IWM have been drifting lower the past two periods
US-Listed ETFs: Most Successful Recent Launches by Assets
$6.7 billion in total market cap of ETFs less than 1-year old
Over the past 13 weeks, newly launched Fixed Income ETFs generated most net inflows ($494 mln)
218 new ETF listings and 9 liquidations in 2011
Newly issued defensive portfolios have been successful in garnering assets
Top 10 account for $3.1 bln in market cap and posted net inflows of $828 mln over last 13 weeks
Despite its success since inception, PowerShares S&P 500 Low Volatility Portfolio (SPLV) exhibited net outflows of $38 million last week, the most of any ETF launched the past year
request report
Source: Morgan Stanley
CFTC to Hold Open Meeting to Consider Two Final Rules and Two Proposals
November 28, 2011--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Monday, December 5, 2011, at 9:30 a.m., on the following topics:
(1) Final Rule on Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Options Transactions;
(2) Further Notice of Proposed Rulemaking on Process for Making a Swap Available to Trade under Section 2(h)(8) of the Commodity Exchange Act
(3) Final Rule on Registration of Foreign Boards of Trade
(4) Proposed Interpretation for Retail Commodity Transactions under Commodity Exchange Act Section 2(c)(2)(D)
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Source: CFTC.gov
CFTC to Hold Open Meeting to Consider Two Final Rules and Two Proposals
November 28, 2011--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Monday, December 5, 2011, at 9:30 a.m., on the following topics:
(1) Final Rule on Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Options Transactions;
(2) Further Notice of Proposed Rulemaking on Process for Making a Swap Available to Trade under Section 2(h)(8) of the Commodity Exchange Act
(3) Final Rule on Registration of Foreign Boards of Trade
(4) Proposed Interpretation for Retail Commodity Transactions under Commodity Exchange Act Section 2(c)(2)(D)
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Source: CFTC.gov
ETF Securities USA files with the SEC
November 28, 2011--ETF Securities USA has filed a pre-effective amendment no. 6 to Form S-1 with the SEC for the ETFS Collateralized Commodities Trust.
view filing
Source: SEC.gov
State Street files with the SEC
November 28, 2011--State Street has filed a post-effective amendment no. 19 to Form S-6 with the SEC for the SPDR S&P MIDCAP 400 ETF TRUST.
view filing
Source: SEC.gov
