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Rajib Chanda Quoted in Ignites Regarding Funds’ Responses to SEC Proposal
04.12.16
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Corporate Partner Rajib Chanda was quoted in Ignites, a Financial Times news service, in an article titled “ProShares, Direxion Fight for Survival of Leveraged ETFs,” which discusses ETFs’ responses to the SEC’s recent proposal to limit funds’ derivative exposure. The funds argue that, should the SEC adopt the proposal, the rule should “grandfather in existing leveraged and inverse exchange-traded funds,” as they operate under the terms and conditions of prior exemptive orders granted by the SEC. Having previously granted relief places the SEC “in a difficult position,” comments Rajib.