the value of a corresponding double-leveraged ETF would rise 10 per cent and be required to increase its market exposure before trading starts the next day.
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 increases on the downward side." "My guess is that the government is trying to 'protect' uneducated or ...