SEC to re­view stance on lever­aged ETFs

New Straits Times - - Business -

NEW YORK: The United States Se­cu­ri­ties and Ex­change Com­mis­sion (SEC) is putting on hold a re­cent de­ci­sion to ap­prove an ex­change-traded fund (ETFs) that prom­ise four times the daily price moves of S&P 500 fu­tures con­tracts, said sources. The full com­mis­sion plans to re­view the de­ci­sion by staff mem­bers ear­lier this month to al­low what would have been the first quadru­ple ETFs to come to mar­ket, said the sources. It was not clear what is­sues sparked this re­view.

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