SEC Halts High-Leveraged ETF Plans in Warning Over Risk Control
The US Securities and Exchange Commission has issued a flurry of warning letters to some of the country’s most prolific providers of high-octane exchange-traded funds, effectively blocking the introduction of...
By Denitsa Tsekova, Nicola M White · Bloomberg Markets
The US Securities and Exchange Commission has issued a flurry of warning letters to some of the country’s most prolific providers of high-octane exchange-traded funds, effectively blocking the introduction of products designed to deliver two or three times the daily returns of stocks, commodities and cryptocurrencies.