Triple-Leveraged ETFs For Retirees? Caveat Emptor
Two years ago, Citigroup Inc. (NYSE:C), Morgan Stanley (NYSE:MS), UBS AG (NYSE:UBS) and Wells Fargo & Company (NYSE:WFC) were fined a combined $9.1 million, including $1.8 million in restitution, by the Financial Industry Regulatory Authority (FINRA) for selling leveraged ETFs to investors without adequately explaining how they work and why they are so risky. Now, two financial advisors at California-based Financial Engines think retirees should consider allocating 15% of their portfolios to triple-leveraged ETFs, reports . . .
This content is exclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here
If you are subscribed and having an account error please clear cache and then cookies if that does not work email firstname.lastname@example.org and we will get back to you as quick as humanly possible