🚀 ETF Issuers Push SEC to Reinstate 'First-to-File' Approval Process

A group of ETF issuers has sent a letter to the SEC, urging the regulator to return to its traditional "first-to-file" approval method. They argue that abandoning this approach discourages innovation and unfairly benefits less proactive applicants.

The issuers claim the current system allows late filers to benefit from earlier submissions without putting in the same effort. This shift, they say, could slow down market progress and reward complacency.

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