Morgan Stanley and Ameritrade Take Action

On August 21, 2009, Dow Jones Newswires reported that Morgan Stanley Smith Barney has begun a review of its leveraged ETF sales practices. Dow Jones Newswires also reported that TJ Ameritrade held a client seminar on the Internet and has posted a report on leveraged ETF risks. Click here to see a copy of the Dow Jones Newswires report.

SEC and FINRA Issue ETF Alert

On August 18, 2009, the SEC staff and FINRA issued an Alert that leveraged ETFs and inverse ETFs pose extra risks for buy-and-hold investors.  Click here to view the Alert.