Pressure On SEC Continues As ETFs Expand

We've reported on ETFs and ETNs before here. The products are the new hot instruments on Wall Street and despite their instability and their lack of a real history investors are flocking to them. In the wake of the financial crisis regulators have been more and more wary of certain types on instruments. Exchange traded notes have been too often ignored in these deliberations. They haven't caused any huge problems yet. That doesn't meant they should be traded unchecked.

JPMorgan Chase & Co. (NYSE:JPM) already offers several ETF products and is one of the leading innovators in the space. A new...