Friday, May 4, 2012

Chair of Senate Banking Committee, Reed, Plans to Continue Examination of ETFs

Thanks to a sharp-eyed reader.
From Investment News:

Rhode Island senator: ‘This market deserves more attention'
Exchange traded funds will soon undergo more scrutiny on Capitol Hill.

Sen. Jack Reed, D-R.I., chairman of the Senate Banking Subcommittee on Securities, Insurance and Investment, indicated that he would follow up on a hearing he held last year on the investment vehicles with another one in coming weeks.

“The [Securities and Exchange Commission] is closely monitoring this issue, and so am I,” Mr. Reed said in a statement emailed to InvestmentNews.....MORE