Broad based index sec

17 Jun 2013 An index used to be a broad measure of market value. I believe the Securities and Exchange Commission (SEC) needs to redefine quoted on the NASDAQ national markets based on a proprietary quantitative method. underlying index varies from a broad-based benchmark index (such as the SPX) to a for our purposes, the change relates to groups of equity securities, Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC An exchange-traded fund (ETF) is an investment fund traded on stock exchanges , much like ETFs traditionally have been index funds, but in 2008 the U.S. Securities and Exchange ETFs offer exposure to a diverse variety of markets, including broad-based indices, broad-based international and country-specific indices, 27 Jun 2019 As set forth in the Incoming Letter, during the past year certain constituents of large-capitalization U.S. equity growth broad-based indices

Broad-based Security Index Although not defined in the CEA, a broad-based security index generally refers to any security index that would not be classified as a narrow-based security index under the definitions or exclusions set forth in the CEA and the Securities Exchange Act of 1934 or that meet certain criteria specified jointly by the CFTC and the SEC.

Appropriate Index. For purposes of this Item, an "appropriate broad-based securities market index" is one that is administered by an organization that is not an affiliated person of the Fund, its investment adviser or principal underwriter, unless the index is widely recognized and used. Index funds have gained in popularity and have become the preferred choice in the general investment community. In fact, a broad market index fund, Vanguard Total Stock Market Index (VTSMX) is the biggest mutual fund in the world, as measured by assets under management (AUM). A 1256 Contract, as defined in section 1256 of the U.S. Internal Revenue Code, is any regulated futures contracts, foreign currency contracts, non-equity options (broad-based stock index options (including cash-settled ones), debt options, commodity futures options, and currency options), dealer equity options, dealer security futures contracts.

Broad-based Security Index Although not defined in the CEA, a broad-based security index generally refers to any security index that would not be classified as a narrow-based security index under the definitions or exclusions set forth in the CEA and the Securities Exchange Act of 1934 or that meet certain criteria specified jointly by the CFTC and the SEC.

24 Jun 2015 SEC and CFTC Turn to Swaps and Security-Based Swaps Illegal Transactions in Security-Based Swaps an index that is a narrow- based 6 Apr 2000 economic function of single stock futures. U.S. securities exchanges also trade options on a wide range of narrow-based stock indexes.5 In 26 Aug 2015 1256 contracts. A broad-based index is one that falls outside the federal securities laws' definition of a “narrow-based” securities index fund.

An index-based ETF seeks to earn the return of the market or subset of the Typically, index providers include a broad selection of securities and attempt to limit

6 Nov 2012 Single stock futures contracts and futures on narrow-based stock indices. (“ security futures”), are subject to regulation as both securities and 24 Jun 2015 SEC and CFTC Turn to Swaps and Security-Based Swaps Illegal Transactions in Security-Based Swaps an index that is a narrow- based 6 Apr 2000 economic function of single stock futures. U.S. securities exchanges also trade options on a wide range of narrow-based stock indexes.5 In 26 Aug 2015 1256 contracts. A broad-based index is one that falls outside the federal securities laws' definition of a “narrow-based” securities index fund. FRB: Testimony, Parkinson--Commodity Futures www.federalreserve.gov/boarddocs/testimony/2005/20050908/default.htm

The Section 31 fee rate applicable to securities transactions on the The exclusion of sales of options on broad-based indexes from Section 31 fees is

Methods for determining when an index is broad or narrow-based are discussed below. Narrow-Based Security Indexes. A securities index is classified as a 10 May 2001 The proposed rules would also establish provisions governing certain circumstances when narrow-based security indexes become broad-based,