SEC Freezes Plans for Ultra-Leveraged ETFs, Signaling a Shift That Could Reshape Retail Risk-Taking and Issuer Strategy

The U.S. Securities and Exchange Commission has effectively thrown the brakes on a new wave of ultra-leveraged exchange-traded funds, issuing a set of warning letters that halt plans by some of the industry’s most aggressive product issuers to launch ETFs designed to deliver three and even five times the daily returns of volatile assets. The

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