At Least One Clearing Firm Banning Leveraged ETFs

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Votes:11
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At least one major clearing firm this morning has sent notice it will no longer allow buying of Direxion's 3x leveraged ETFs to be purchased on margin (they didn't name Direxion explicitly, but theirs are the only ones on the market currently and were, not coincidentally, the ones specifically mentioned as being restricted in this way...

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