a user of Reddit’s popular Wall Street Bets forum said they had “gambled” $50,000 Canadian dollars on a triple-leveraged long ETF tracking a 20-year Treasury bond index. The ETF has since fallen 31 per cent.
"The proposed rule would be arbitrary and capricious," wrote Angela Brickl, Rafferty's general counsel. Bret Dunlap, a public school teacher from Virginia, told the SEC that he had a short-term investment in a leveraged Direxion product and uses such instruments "when volatility in...