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State Street urges SEC to initiate industry approach to uniform ETF disclosure

( February 4, 2019, 22:58 GMT | Official Statement) -- MLex Summary: State Street Global Advisors wrote in a letter to the US Securities and Exchange Commission commenting on a proposed rule regarding an exchange-traded product classification system, advocating an industry effort to come up with an approach to standardizing disclosure. "While there may eventually be a role for SEC rulemaking in this area, it is important to first reach consensus on how best to convey this information in a comparable, understandable format that supports investors’ ability to effectively use ETPs to accomplish their investment objectives. At this point, we urge the Commission to encourage a dialogue with [exchange traded fund] market participants on the most effective means to improve uniform disclosures for ETPs," it wrote.See document below....

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