Financial Stability Oversight Council press release Friday 2/4: “potential risks to U.S. financial stability arising from open-end funds, PARTICULARY THEIR LIQUIDITY AND REDEMPTION FEATURES.” The XRT ETF is an open-end fund.
by Flokki_the_Monk Press Release from Financial Stability Oversight Council through Treasury on Friday: https://home.treasury.gov/news/press-releases/jy0587 FSOC includes Janet Yellen, Jerome Powell, & Gary Gensler. This is coming from the top, which means all 3 have been forced to admit these issues exist. This …