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SEC plans to level playing field for newer ETF firms

Advantage that oldest providers have may be removed

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The US Securities and Exchange Commission (SEC) may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds (ETFs), of an advantage they hold over newer rivals in how they assemble the shares of their funds, said sources familiar with the SEC.

New York

THE US Securities and Exchange Commission (SEC) may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds (ETFs), of an advantage they hold over newer rivals in how they assemble the shares of their funds, said

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