Mass. Regulators Say RBC Improperly Sold Risky ETFs
The Canadian investment bank and former sales representative Michael D. Zukowski made leveraged, inverse and inverse-leveraged ETFs available to investors without providing them with an understanding of how they functioned or how long they should be held, the Massachusetts Securities Division alleges in an administrative complaint.
"Many investors have been surprised and disappointed when certain...
To view the full article, register now.