Shakeup at SEC Could Make It Easier to Get That ETF Approved

A new sheriff is coming to town and the exchange-traded fund industry can’t wait.

David Grim, the top official in charge of approving new financial products at the Securities and Exchange Commission, is stepping down next month, the agency said Thursday. The move is spurring speculation that innovative funds may find it easier to gain approval, and those that have struggled could get a second look under a different regime.