I think the SEC needs to take control of certain ETF practices. First, most new ETFs are calling themselves actively managed when they are not. They want to call themselves actively managed solely so they can justify higher fees. A single stock ETF is not actively managed solely and neither are many other ETFs using that phrase. Do not allow folks to mislead investors to justify higher fees. Second, if you look at all the trading halts, most are crypto, leveraged, ODTE, etc. ETFs all of which I would call Novel. This makes me question whether the ETF structure is appropriate. For many folks, they want to buy and sell exactly when volatility is high and that is when trading stops. Third, work with the IRS to plug all tax loopholes (like 351 transactions) that prevent investors from paying the amount they should in taxes.