US regulator calls for rigorous review of risky ETFs
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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 Democratic member Kara Stein called for the reforms as part of a three-page dissent over a rule change that paved the way for seven new ETFs from AccuShares Investment Management to list on the Nasdaq stock market exchange.
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