Direxion Reaches Settlement in Inverse ETF Suit: Report
Posted on February 07, 2013 at 10:30 AM EST
Direxion has agreed to an $8 million settlement in a suit alleging the ETF manager didn’t adequately disclose the risks of some of its inverse ETFs that move in the opposite direction of the market, according to a report Thursday. “While several providers and distributors of ETFs have reached...