For years, the U.S. financial markets have thrived as some of the most innovative globally, due in part to balanced and clear legal systems. These include regulations for capital markets, enforced by bodies such as the U.S. Securities and Exchange Commission (SEC).
Historically, the SEC has enabled new financial innovations, including exchange-traded funds (ETFs), money market funds and equity-linked derivatives, by applying clear, well-defined rules. These regulations have allowed American capital markets to remain leaders in…
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