SEC Pumps The Brakes On 5x Leveraged ETFs - Strategy (NASDAQ:MSTR), Tesla (NASDAQ:TSLA)

The US Securities and Exchange Commission poured cold water on the latest crop of ultra-leveraged ETFs by cautioning issuers not to go ahead with the launch of their proposed aggressive funds, which include those offering five times the daily return of a given index.The SEC's Division of Investment Management held a rare group call on Monday with independent trustees and fund counsel, according to a report by Bloomberg. It was reportedly decided that the issuers, ought not to go effective, which is the fina ...