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ANALYSIS: Two Final Rules, One Proposal, and No Open Meeting

Sept. 27, 2019, 6:37 PM

When we get behind closed doors ...

In a busy morning for the SEC, the regulator adopted two rules, proposed a third and issued a concept release. These measures deal with significant market matters, such as exchange-traded funds, testing the waters for interest in offerings for all issuers and information requirements in the over-the-counter market. Despite the importance of these matters, however, the SEC called off a scheduled open meeting and approved the measures in private.

The Newly-Adopted ETF Rule

An exchange-traded fund is a basket of different securities that are combined into one entity. The fund will...

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