HSBC launches new s&p ETF

If LEAPup was able to read the prospectus (or whatever) and determine in minutes how over the top the expense ratio is why do we need congress spending months writing more gov't regs?

Quote from FutsTrader111:

Here's a perfect example why Federal regulation is needed.
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Quote from Swan Noir:

If LEAPup was able to read the prospectus (or whatever) and determine in minutes how over the top the expense ratio is why do we need congress spending months writing more gov't regs?
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What does US congress have to do with other *foreign* exchange traded products?

Other than using a US index, it has nothing to do with US. It's domiciled in Ireland.

The referenced etf will be priced in GBP, have little initial volume, thus a higher expense. What was the SPY's expense ratio when it was first introduced years ago? Wasn't it something like 20bp's?

http://www.etf.hsbc.com/etf/uk/advisers/etf_sp500.html
 
The comment was in response to a call for regulation. I didn't realize it was an offshore product but even if it was US based I was calling for congress to be uninvolved!

Quote from risktaker:

What does US congress have to do with other *foreign* exchange traded products?

Other than using a US index, it has nothing to do with US. It's domiciled in Ireland.

The referenced etf will be priced in GBP, have little initial volume, thus a higher expense. What was the SPY's expense ratio when it was first introduced years ago? Wasn't it something like 20bp's?

http://www.etf.hsbc.com/etf/uk/advisers/etf_sp500.html
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they should have come out something like sub-SPY (sub-division of SPY by factor of 10 like GLD and gold futures, so the retail money can participate in.
 
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