MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, February 14, 2011 A Non-'40 Act ETF Triggered the Insider Trading Inquiries Fundsters who work with exchange-traded funds governed by the 1940 Act may be able to breath a sigh of relief. IndexUniverse's Dave Nadig ponders the ETF insider trading investigation brought to light last week and points to one two-stock, non-'40 Act ETF, B2B Internet HOLDRS, as the likely instigator of the SEC's interest. ETF insiders may want to cross their fingers that the SEC gets IndexUniverse's message; in the trade pub's view, "ETF stripping" is "just too hard a game to play once you add a few dozen securities to the portfolios ... Huge pain, huge commissions, and with an audit trail as wide as the autobahn." Printed from: MFWire.com/story.asp?s=36039 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |