The Securities and Exchange Commission (SEC) is looking into the VelocityShares 2x Long VIX Short Term Exchange Note, managed by Credit Suisse Group AG, which had about $700 million in assets before the decline, according to an article in the Wall Street Journal. The Massachusetts’s securities regulator and the U.S. Securities and Exchange Commission (SEC) […]

FINRA, the Financial Industry Regulatory Authority Inc., issued an investor alert about the risks of ETNs, exchange-traded notes, after an investigation of Credit Suisse and Barclays ETNs this year. ETNs are often thought of as as ETFs, exchange-traded funds, but in reality, the two are very different.  ETNs are promissory notes written by banks to deliver the returns of an […]