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US regulator calls for rigorous review of risky ETFs

Ms Stein noted that a more rigorous review process is especially necessary because making a rule change clears the path for other "copycat" products to enter the market.

New York

A TOP member of a US securities regulator on Monday called for a more transparent and rigorous review process before approving rule changes to list riskier exchange-traded funds (ETF) that she believes could harm retail investors.

Securities and Exchange Commission