Analysts Chime in on SEC Rejection of Non-Transparent ETFs
October 23, 2014 at 08:20 AM EDT
The exchange traded funds industry received big news, though not positive in the eyes of some, when the Securities and Exchange Commission rejected applications for non-transparent actively managed exchange traded funds by Precidian ETFs Trust and Spruce ETF Trust, a unit of BlackRock (NYSE: BLK)....