The U.S. Congress has made it easier for investors to access institutional level exchange traded fund analysis, approving wider distribution of ETF research through broker-dealer channels.
The Senate Banking Committee has approved legislation, the Fair Access to Investment Research Act of 2017, by a voice vote, enabling broker-dealers to provide ETF research to clients without the information being considered an unregistered offering, reports Mark Schoeff Jr. for InvestmentNews.
“It is my hope that this is the first of many markups where we advance both economic growth and investor protections through bipartisan efforts,” Senate Banking Committee chairman, Mike Crapo, R-Idaho, said.
Rep. French Hill, R-Ark., who penned the House version of the bill, argued that investors required more information about ETFs as the over $2 trillion market grows in popularity.