Reported about 19 hours ago
The U.S. Securities and Exchange Commission (SEC) has expressed significant concerns regarding the newly launched SPDR SSGA Apollo IG Public & Private Credit ETF, highlighting issues related to liquidity and compliance with valuation rules. In a rare move, the SEC's associate director requested State Street Global Advisors address these issues just hours after the ETF began trading, suggesting potential implications for future private credit ETFs as they navigate regulatory standards.
Source: YAHOO