Firms To Withstand Leverage ETFs Review
September 14th, 2009
Products and companies offering leveraged and inverse ETFs are likely to survive the scrutiny faced by the ETFs, Financial Times reports. The Securities and Exchange Commission, along with the Financial Industry Regulatory Authority, issued warnings against the complex ETFs.
Firms, including UBS, Ameriprise, Edward Jones, Morgan Stanley, Wells Fargo Advisors and LPL Financial, have imposed restrictions on leveraged and inverse ETFs. ProShares is the largest provider of leveraged and short ETFs, with $27 billion in assets under management.
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