From today's pr: "...effective with its 2013 fiscal year, the Company no longer meets the definition of a "Foreign Private Issuer"...due to the fact that U.S. citizens now constitute the majority of the Company's directors and executive officers...As a result of the loss of its foreign private issuer status, the Company will now be required to file the proxy statements for its shareholder meetings with the SEC. In addition, the Company's directors and executive management are subject to the requirements of Section 16 of the U.S. Securities Exchange Act of 1934, as amended. Consequently, such individuals must file beneficial ownership reports with the SEC and are subject to liability for any profit derived by them as the result of the purchase and sale or sale and purchase of the Company's ordinary shares of common stock occurring within a period of six months."
Since the NYSE will now be Headquartered in Frankfort, Germany does that make the NYSE a Foreign Issurer of Foreign New Issues? Or even a Foreign Issuer on a Daily Basis based on Every Day is new day and a new set of shares, for all the Index 2x, and 3x ETF's. Like SSO or SDS every day with a new trading day is a whole new set of shares. The train leaves the station from a standsill and a whole new set of shares every trading day. Most of those ETF's are Headquartered in tax havens for reporting.