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SEC May Use 1940 Act To Rein In 170 Leveraged ETFs
Tuesday, June 7, 2016 - 12:11pm | 472A leveraged exchange-traded funded (ETF) offers investors and traders a leveraged exposure to the price performance of an index. For example, the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) is designed to offer an investment return approximately equal to 300 percent of the inverse (or...