| Exchange-traded funds may be so complex and volatile that they require a distinct set of rules from equities, SEC Commissioner Kara Stein suggested. In remarks at the annual SEC Speaks conference, Stein acknowledged that ETFs have been a boon for many investors.
Still, the average retail client doesn't understand the risks they carry and the features that distinguish them from common stock and mutual funds, she says. "I think we need to think about a roadmap for holistic regulation of ETFs and other exchange-traded products given their explosive growth and evolution," she said...............................................Full Article: Source
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