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SEC Issues Warning Letters to Nine ETF Providers, Demanding Response to Risk Issues Regarding 'Proposed High Leverage'
Summary: According to Reuters, the U.S. Securities and Exchange Commission (SEC) has issued warning letters to nine ETF providers including Direxion, ProShares, and GraniteShares, demanding a full response to risk issues regarding ETFs proposing leverage exposure exceeding 2 times (including some crypto products). 'We wrote to express concerns about registered exchange-traded funds that aim to provide ...
According to Reuters, the U.S. Securities and Exchange Commission (SEC) has issued warning letters to nine ETF providers including Direxion, ProShares, and GraniteShares, demanding a full response to risk issues regarding ETFs proposing leverage exposure exceeding 2 times (including some crypto products). 'We wrote to express concerns about registered exchange-traded funds that aim to provide more than 2 times the leverage of the underlying index or securities risk exposure.'
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Link: SEC Issues Warning Letters to Nine ETF Providers, Demanding Response to Risk Issues Regarding 'Proposed High Leverage' [Copy]
