LGBTQ Loyalty Holdings Inc (LFAP)

[BluePineCapital]

Can’t beleive i missed this the first time reading the filing. ProcureAM will be using Quasar Distributors LLC as the Initail Distributor!!

“In this amended application (“Amended Application”), Procure ETF Trust I (the “Trust”), ProcureAM, LLC (the “Initial Adviser”), and Quasar Distributors LLC (the “Initial Distributor” and, together with the Trust and the Initial Adviser, “Applicants”)1 apply for and request from the U.S. Securities and Exchange Commission (“Commission”) an order (i) under Section 6(c) of the Investment Company Act of 1940, as amended (the “Act”), for an exemption from Sections 2(a)(32), 5(a)(1), 22(d) and 22(e) of the Act and Rule 22c-1 thereunder, (ii) under Sections 6(c) and 17(b) of the Act for an exemption from Sections 17(a)(1) and 17(a)(2) of the Act and (iii) under Section 12(d)(1)(J) of the Act for an exemption from Sections 12(d)(1)(A) and 12(d)(1)(B) of the Act (referred to herein as the “Order”).

https://www.sec.gov/Archives/edgar/data/1704174/000165495418011136/procureetfi_40appa.htm

Quasar Distributor LLC is a wholly owned subsidary of U.S. Bancorp!!!

And oh my, look at this, thwy are heavily involved with the LGBT Community!!!













Ann Dyste is the multicultural strategy leader at U.S. Bank!! (U.S. Bancorp)

https://www.linkedin.com/in/annkdyste


For those who don’t know the role of a distributor in an etf:

Distributors – Distributors have the role of conducting sales support for an ETF. For example, the distributor will reach out to brokerage firms, registered investment advisors (RIAs), retirement plan owners to:
— Introduce the ETF to them
— Support inclusion of the ETF into sell-side firms’
ETF inventories.