Eileen Rominger, director of the SEC's division of investment management, testified last month before the U.S. Senate that the commission is reviewing whether the widespread use of exchange-traded funds is contributing to market volatility.
Scott Burns, director of ETF research at Morningstar, says no. Yet critics label them as “new weapons of mass destruction” that may be turning financial markets into casinos on steroids.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access