Moloney Securities Co., Inc. (CRD #38535, Manchester, Missouri) was censured and fined $20,000 for allegedly allowing their representatives to recommend and sell non¬traditional ETFs to their clients. FINRA's report stated that Moloney Securities' Written Supervisory Procedures (WSPs) didn't address the sale or the supervision of non-traditional exchange traded funds (ETFs), and Moloney Securities did not […]

The exchange-traded funds (ETF) that use leverage to double and triple returns on stock market moves could cause the next big market crash, according to the Federal Reserve. In an article titled "Are Leveraged and Inverse ETFs the New Portfolio Insurers?" from the central bank stirred markets into wondering what would happen if the funds […]