Comments on: ETFs: Stull, Stull & Brody Files Class Action Suit Against ProShares Trust On Behalf of Investors in the ProShares UltraShort SmallCap 600 Fund

By: Bob N

Bob N — Thu, 30 Dec 2010 23:07:14 +0000

I am also very angry with VXX for the same reasons stated above. If there is any development regarding this, please shoot me an e-mail. Thank you.

By: Albert C

Albert C — Sat, 11 Dec 2010 19:23:59 +0000

I’m a victim of VXX fraud as well. please write to info@ssbny.com to report the fraud.

By: Daniel W

Daniel W — Mon, 22 Nov 2010 17:19:04 +0000

@Robert H I too would gladly be another litigant over VXX echoing Robert H and Kurt Starck's comments. To demonstrate the horrendous disconnect between tracking the VIX with VXX, go to stockcharts.com and input $VIX:VXX into the symbol window to pull up the chart which will show how much better the VIX is performing over VXX. VXX is fixed and Barclays should be required to compensate for it's violations.

By: Robert H

Robert H — Thu, 04 Nov 2010 15:16:41 +0000

I’ll gladly be the second litigant in line to sue Barclays over the VXX. It’s dismal performance & non correlation to the VIX is beyond obvious. This ETN has no true working mechanism as a hedge or true indicator of a market downturn. The only fear it measures is the fear in anyone duped into buying it long based on supposed merit. One only has to view the past 20 month chart to see this product was marked for failure from the start. I look forward to being added as a client in a class action against Barclays.

By: Kurt Starck

Kurt Starck — Fri, 22 Oct 2010 18:54:18 +0000

Stull, Stull & Brody should go after Barclay’s PLC for their VXX ETF and I will be the first investor to join their suit. Barclays has

The Complaint should allege that the VXX ETF Fund is not a simple investment vehicle, did not track market volatility as described and did not perform as described over a period longer than one trading day. The complaint should allege that VXX and other defendants violated the Securities Act by failing to disclose the following risks, among others, in the Registration Statement: (1) if the VXX ETF Fund shares were held for a time period longer than one day there is a likelihood of losses; and (2) the extent to which performance of the VXX Fund would inevitably diverge from the performance of any true measure of market volatility.