Corporate & Financial Weekly Digest

Corporate & Financial Weekly Digest

Tag Archives: Exchange-Traded Funds

SEC Denies Two Proposed Applications for Non-Transparent Active ETFs

Posted in Investment Companies and Investment Advisers
The Division of Investment Management (Division) of the Securities and Exchange Commission took an unprecedented action on Wednesday in issuing a preliminary denial to two exemptive relief applications under the Investment Company Act of 1940 for the operation of a non-transparent active exchange-traded fund (ETF). The exemptive relief applications, filed by Precidian Investments (Precidian) for… Continue Reading