Oklahoma business briefs for May 2, 2013

Oklahoma business briefs for May 2.
Modified: May 1, 2013 at 8:52 pm •  Published: May 2, 2013
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City company proposes fund

Oklahoma City-based Exchange Traded Concepts LLC said that Exchange Traded Concepts Trust has filed a registration statement with federal regulators for the YieldShares High Income ETF. The proposed fund, with a ticker symbol of YYY, will seek to provide investment results that correspond generally to the price and yield performance of the ISE High Income Index. The High Income Index seeks to measure the performance of the top 30 U.S. exchange-listed closed-end funds, as selected and ranked according to factors designed to result in a portfolio that produces high current income.

Firm accused of mismanagement

— University Multispectral Laboratories has filed a lawsuit in Kay County against the firm's former management company, Triton Scientific, and Triton's owner, Webster Keogh, his wife Danielle Keogh, and related entities for mismanagement and misappropriation of funds, the company said. The lawsuit also claims Keogh improperly diverted funds from UML and unjustly enriched himself, his wife, and other companies he and his wife own or control.

Job fair is planned for Thursday

The Oklahoman and NewsOK.com are sponsoring a career fair from 10 a.m. to 3 p.m. May 13 at Expo Hall 3 at the Oklahoma State Fairgrounds in Oklahoma City. For information, contact Nancy Simoneau at 475-3708 or nsimoneau@opubco.com.

From Staff Reports

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