ETF Lawyer-Regulator-Industry Veteran Dalia Blass
Trillions
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The SEC's Role in Innovation
The SEC issued a huge telephone book size report that was a post-mortem on the 87 crash. If there had been a market-basking trading instrument that had actually had physically backed securities instead of using the futures market in Chicago, this might have not happened. So these were all things that came with lessons learned. But at the same time, I think the rule ended up where it is because of the more information and the more experiences staff and commissions had with the product.
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