[U] Tangent — To The Tangent: Might ETFs Now Face A “Cooling Off” Period, By Rule, At The SEC?

Updated: meanwhile more hard right MAGA political hacks are trying to give crypto- (and Elon Musk) some “cover” — by refusing to blame the criminals who hacked Musk’s X platform (formerly known as Twitter). Vance. . . is a. . . feckless shill, here. Sheesh. End, update.

And. . . just as a point of clarification, the SEC has the power, by rule, to impose as much as a 90 day “cooling. off” period — before declaring these ETF S-1s effective, to give the people defrauded by yesterday’s “front running” traders (hacked S.E.C. X-itter account / faked approval) time to recover their positions.

To exercise “self-help”, that is [thus, the legacy graphic at right].

This is something very few non-securities lawyers ever mention, but Mr. Gensler could quite possibly now impose a 30 to 90 day “time-out” on the ETFs — before the launch of trading by retail investors. We shall see.

Cheers.

नमस्ते