Simon Quoted on Frozen ETFs

03 May 2010 Exchange Traded Funds Report News

Foley Partner George Simon was quoted in an article titled “SEC Aims To Limit Hedge Fund, Leveraged ETFs” in the May 2010 issue of Exchange Traded Funds Report. Simon discusses the Securities and Exchange Commission’s decision to freeze all fund company applications to launch new lines of leveraged exchange-traded funds (ETFs), noting that the SEC is uncomfortable with the idea of investors buying double-leveraged ETFs on margin. He adds that the SEC is also nervous about the lack of transparency with the swaps that leveraged and inverse funds rely on and is trying to impede the growth of these products.

People

Related Services

Insights

CMS Proposes Enhanced Scrutiny over Medicaid Supplemental Payments
20 November 2019
Health Care Law Today
The Purpose of a Corporation
November 2019
Legal News: Business Law
Should This Be a "Mobility" Industry Blog?
19 November 2019
Dashboard Insights
Data Processing Patent Eligibility: Federal Circuit Finds Claims Eligible in KPN v. Gemalto
19 November 2019
IP Litigation Current
PATH Summit 2019
18-20 December 2019
Arlington, VA
Madison CLE Days
18-19 December 2019
Madison, WI
MedTech Impact Expo & Conference
13-15 December 2019
Las Vegas, NV
HFMA MA-RI Annual Compliance Update
12 December 2019
Boston, MA