The SEC is reportedly looking into the implosion of TVIX, which lost 60% of its value in the...

|By:, SA News Editor

The SEC is reportedly looking into the implosion of TVIX, which lost 60% of its value in the past week in volatile trading. ETNs might seem plain-vanilla but "it's an issue of financial innovation opening up these esoteric markets and allowing individual investors pile into them faster than the regulators can keep up," says Morningstar analyst Samuel Lee.