The time is now for the Securities and Exchange Commission (SEC) to consider streamlining the exchange-traded fund (ETF) approval process to provide more flexibility for innovation.
ETFs — pools of securities with shares that are listed and traded on an exchange like stocks — have proliferated in number and attracted assets at a dramatic pace over the past few years, reaching $2.56 trillion in the U.S. at the end of 2016.
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Originally published by The Hill
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