Sullivan & Worcester Counsels ConvexityShares In Launch Of Two New Funds

Sullivan Managed Lengthy, Years-Long Regulator Review of the Innovative ETFs
Press Release
August 18, 2022

Boston, MA - After a years-long review process, Sullivan & Worcester LLP client ConvexitySharesTM this week launched two new exchange traded funds (ETFs) developed to provide investors with access to a new product designed to manage volatility exposure. Former Sullivan partner Eric Simanek, with partners Michael Dyson and Christopher Curtis, was instrumental in shepherding the new funds, ConvexityShares 1x SPIKES Futures ETF (SPKX) and ConvexityShares Daily 1.5x SPIKES Futures ETF (SPKY), through the two-year regulatory process.

“These are sophisticated volatility funds. The Securities and Exchange Commission and the National Futures Association gave both funds a thorough look and requested additional comments and information on several critical points,” Simanek, who was based in Washington, D.C., said. “Ultimately, we took the time to get everything right, forecasted potential impediments, responded to the SEC queries and navigated the process to get these two innovative funds listed on the NYSE Arca, Inc.”

About Sullivan
Sullivan & Worcester (Sullivan) is a leading AmLaw 200 law firm. With more than 200 attorneys in Boston, London, New York, Tel Aviv and Washington, DC, they guide organizations that are rewriting the rules. Sullivan’s clients, including Fortune 500 companies and emerging businesses, rely on Sullivan’s strategic vision, comfort with complexity and intense focus on results. As a global law firm, Sullivan represents clients around the world and has a deep bench for working on a variety of matters and issues affecting clients.

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