Credit Suisse (CS) To Be Investigated By SEC Over ETNs

The VelocityShares 2x VIX Short-Term ETN (NYSE:TVIX) is going to be investigated by the SEC as recent problems with the ETN have put it and others like it under greater scrutiny. The exchange-traded note is tied to the VIX or volatility index. The recent volatility in the price of the Exchange traded note has brought the regulators down upon Credit Suisse Group AG (NYSE:CS) the ETN issuer who will now face investigation into its dealings. It is all a little bit complex but essentially the TVIX is a bet on the volatility of the market. It tracks the CBOE Volatility Index known as…