more at
Tuesday, August 4, 2009
Regulators ask brokerages about inverse, leveraged ETFs
After Edward D. Jones, Ameriprise Financial, LPL Investment Holdings and UBS Financial Services restricted or suspended sales of leveraged and inverse exchange-traded funds, regulators in Massachusetts are demanding answers about the products. "The concern is that [inverse and leveraged ETFs] are, or can be, very volatile funds, very risky, and that they are being offered to investors who aren't sophisticated and may not be aware of the risks they are getting into," said Brian McNiff, a spokesman for Secretary of the Commonwealth William F. Galvin.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment