SEC Approves Quadruple-Leveraged ETFs

The Securities and Exchange Commission on Tuesday approved a request to trade quadruple-leveraged exchange-traded funds, marking a first for the growing market for such products in the United States.

The request to list ForceShares Daily 4X US Market Futures Long Fund, under the ticker UP, and ForceShares Daily 4X US Market Futures Short Fund, under the ticker DOWN, was filed by Intercontinental Exchange Inc’s NYSE Arca exchange.

from FA News http://www.fa-mag.com/news/u-s–sec-approves-quadruple-leveraged-etfs-32592.html

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