The Securities and Exchange Commission (SEC) says it will apply more scrutiny to the approval of exchange-traded funds (ETF) that use derivatives.
However, the new SEC rules will only apply to ETFs that are organized under the Investment Company Act of 1940. ETFs that are instead organized as investment trusts or pools are regulated by the Commodity Futures Trading Commission (CFTC).
These issues are completely out of the woods, though. Although details have not been announced, the CFTC is also mulling over tighter regulations for the ETFs it regulates.