I've personally concluded that these 3x leveraged ETF's were a criminal enterprise by Direxion Funds and others, and yet were authorized. These should not be offered, and I wish I knew better before I bought them and they proceeded to do MANY reverse splits to where my holdings were worth less than 5% of where they started....
Steve Schwartz Comment On Regulatory Notice 22-08
I've personally concluded that these 3x leveraged ETF's were a criminal enterprise by Direxion Funds and others, and yet were authorized. These should not be offered, and I wish I knew better before I bought them and they proceeded to do MANY reverse splits to where my holdings were worth less than 5% of where they started....