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31October » Comments » BGZ

  • Everybody Hates Leveraged ETFs  [View article]
    "...Edward Jones said that it will stop selling leveraged ETFs. ...UBS (UBS Wealth Management Americas) announced that it has suspended the purchase of leveraged and inverse ETFs for its wealth management clients...."

    What is most telling is that these "advisors" were selling leveraged ETFs to wealth management clients. I trade these, but I have little to lose. What kind of idiot would sell this to somebody to retire on?

    All these state AGs investigating Direxion need to investigate the incompetent brokers instead.
    Jul 31 14:26 pm |Rating: +2 0 |Link to Comment
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