Tuesday, July 28, 2009

Bans on leveraged ETFs

Well, well, well....

A few brokerage firms have recently banned the sale of leveraged ETFs to their clients.
At least three brokerage firms have decided not to sell leveraged exchange traded funds a month after the Financial Industry Regulatory Authority Inc. warned brokers that they “typically are unsuitable for retail investors” who hold them longer than a day.
Hat tip: Bespoke Investment Group.

No comments: