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Article: Stanley, Mandel & Iola, L.L.P., and Wolf Haldenstein Adler Freeman & Herz LLP Undertake ETF Investigation.
- Article from:
- Investment Weekly News
- Article date:
- August 29, 2009
CopyrightCOPYRIGHT 2009 NewsRX. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The law firms of Stanley, Mandel & Iola, L.L.P., and Wolf Haldenstein Adler Freeman & Herz LLP are investigating potential claims on behalf of retail customers who purchased leveraged exchange-traded funds (ETFs) and leveraged inverse ETFs and held them in their brokerage accounts for longer than one day. ETFs are securities whose price tracks the performance of an underlying index, sector, or economy. ETFs represent an undivided interest in a pool of securities and other assets, much like traditional mutual funds, but are bought and sold through broker-dealers on a securities exchange like ordinary stocks.
Leveraged ETFs seek returns that are more sensitive to ...