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He said that he believes Riter's lobbying is a "gray area" since the treasurer's office is involved in managing state investments and state funds, issues that would have been raised by constituents.
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But closed-end mutual funds issued $65 billion worth.
After the mutual funds issue closed, Mr. Safian tore up the next issue completely.
Unlike the more common, open-end variety, closed-end funds issue a limited number of shares.
Democrats also asserted that Republicans were using the immediate funds issue to advance their position on a labor issue.
Unlike mutual funds, closed-end funds issue a fixed number of shares, which trade on exchanges like stocks.
Futures-related funds issued $1.3 billion, nonfutures related funds redeemed $1.4 billion and short funds issued $126 million.
Futures-related funds issued $13.4 billion, while non-futures related funds issued $2.3 billion.
During this past week, U.S. equity exchange-traded funds issued $8.9 billion $1.8 billionn daily).
Futures-related funds issued $7.9 billion, non-futures-related ETFs issued $334 million, and short ETFs redeemed $85 million.
During the week ended July 13, U.S. equity exchange-traded funds issued a modest $595 million $119 millionn daily).
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