MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 2, 2009 Stull, Stull and Brody Targets Another ProShares ETF Stull, Stull & Brody is continuing its legal attack on ProShares with a class action suit over disclosure violations regarding the UltaShort Dow30 Fund, the New York law firm just revealed. A spokesperson for ProShares declined to comment. The UltraShort Dow30 ETF aims to return double the inverse return of the Dow Jones Industrial Average. According to the release, "If DXD Fund shares were held for a time period longer than one day, the likelihood of catastrophic losses was a near certainty." Stull, Stull & Brody led a similar charge against ProShares for its Ultra Financials Fund and UltraShort Oil and Gas Fund in October. Printed from: MFWire.com/story.asp?s=23117 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |