Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Leveraged ETFs Worry Finra Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 02, 2009

Leveraged ETFs Worry Finra

by: Neil Anderson, Managing Editor

Leveraged ETFs have aroused the curiosity and concern of a regulator, but it's not the SEC. Reuters' Herbert Lash reports that last month Finra asked advisors and brokers questions about sales of leveraged ETFs to investors with less than $10 million in their accounts.

A Finra spokesman told Reuters that such ETFs, from specialists like Direxion and ProFunds, are "exotic" and "extremely complicated and confusing."

"The marketing and sale of these products to unsophisticated retail investors is very much on Finra's radar screen," the spokesman told Reuters.

Of course, both Direxion and ProFunds distribute their products through advisors, and they discourage casual use.

"Don't buy it unless you understand it," ProFunds CEO and chair Michael Sapir told Reuters. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use