SEC Halts Filing of Highly Leveraged ETFs

SEC Halts Filing of Highly Leveraged ETFs

The Securities and Exchange Commission is putting a stop to new leveraged funds, for now. On Tuesday, the agency sent warning letters to nine issuers, including Direxion, GraniteShares and ProShares, pausing reviews of leveraged ETFs that provide more than double the exposure to their underlying securities. By pausing reviews and asking issuers to review their…

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Former CFO of ‘smart window’ maker View must face SEC case, US judge rules

Former CFO of ‘smart window’ maker View must face SEC case, US judge rules

By Jonathan Stempel (Reuters) -View’s former chief financial officer must face allegations by the U.S. Securities and Exchange Commission that he negligently allowed the “smart window” maker to understate the cost of replacing defective windows, a federal judge ruled. In a decision late Monday, U.S. District Judge Beth Labson Freeman in San Jose, California, rejected…

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