Big Investors Want the SEC to Go Back to “First Come, First Served”
Several big investment firms are asking the SEC (Securities and Exchange Commission) to change how it approves new exchange-traded products (ETPs). They want the SEC to go back to a “first-to-file” system. The Problem with Simultaneous Approvals Currently, the SEC sometimes approves multiple similar ETP applications at the same time. VanEck, 21Shares, and Canary Capital…
