Securities and Exchange Commission 2008 – Federal Register Recent Federal Regulation Documents
Results 1,401 - 1,450 of 1,859
``Naked'' Short Selling Anti-Fraud Rule
The Securities and Exchange Commission (``Commission'') is proposing an anti-fraud rule under the Securities Exchange Act of 1934 (``Exchange Act'') to address fails to deliver securities that have been associated with ``naked'' short selling. The proposed rule is intended to highlight the liability of persons that deceive specified persons about their intention or ability to deliver securities in time for settlement, including persons that deceive their broker-dealer about their locate source or ownership of shares and that fail to deliver securities by settlement date.
Exchange-Traded Funds
The Securities and Exchange Commission (``Commission'' or ``SEC'') is proposing a new rule under the Investment Company Act of 1940 that would exempt exchange-traded funds (``ETFs'') from certain provisions of that Act and our rules. The rule would permit certain ETFs to begin operating without the expense and delay of obtaining an exemptive order from the Commission. The rule is designed to eliminate unnecessary regulatory burdens, and to facilitate greater competition and innovation among ETFs. The Commission also is proposing amendments to our disclosure form for open-end investment companies, Form N-1A, to provide more useful information to investors who purchase and sell ETF shares on national securities exchanges. In addition, the Commission is proposing a new rule to allow mutual funds (and other types of investment companies) to invest in ETFs to a greater extent than currently permitted under the Investment Company Act.
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