With VanEck, SEC Heightens Scrutiny of ETFs

The Securities and Exchange Commission’s $1.75 million fine against VanEck for not telling its fund board about a fee arrangement with a social media influencer indicates the agency’s heightened scrutiny over ETFs, as the vehicle gains mainstream prominence, analysts say. The SEC enforced against the ETF’s board disclosure requirements, not the ETF’s marketing compliance, said Neil Bathon, managing partner at FUSE Research Network.

For the complete article, click here (subscription required).

Article published on February 20, 2024