Oklahoma-based OOK Advisors, a sister company of Capital West Securities, has filed a registration statement with the US Securities and Exchange Commission to launch the Texas Exchange-
Oklahoma-based OOK Advisors, a sister company of Capital West Securities, has filed a registration statement with the US Securities and Exchange Commission to launch the Texas Exchange-Traded Fund, which is expected to be traded on NYSE Arca.
The fund will be made up exclusively of stocks issued by Texas’s publicly traded companies. It is expected to be one of the first state-based equity ETFs to begin trading.
‘We believe there are some outstanding companies in Texas with proven abilities that will make this fund a great vehicle to invest in Texas with us,’ says Keith Geary, chairman of the Geary Companies.
Geary, along with his wife Joni, also announced that at least ten per cent of the management fee earned from the fund will be donated to Aaron’s Bridge, a non-profit whose purpose is to address children’s issues in Oklahoma and Texas. The charity aims to make biomedical-based treatment options available for children that are diagnosed with developmental disorders such as autism, pervasive developmental disorder, Asperger’s Syndrome, attention-deficit disorder, attention-deficit/hyperactivity disorder and nonverbal learning disorder.
McAfee & Taft, Oklahoma’s largest law firm, provided legal services to OOK Advisors in conjunction with the filing of the registration statement under the Securities Act of 1933 and the Investment Company Act of 1940.
Established in 1995 and owned 100 per cent by the Geary Companies, Capital West Securities is an Oklahoma-based full-service brokerage and municipal underwriting firm with offices in Texas.