Malecki Law Investigates Unsupervised Sales of Leveraged and Inverse ETFs

May 2, 2012

Malecki Law is currently investigating whether investors were improperly sold Leveraged and Inverse Exchange-Traded Funds (ETFs) by any of the following Broker-Dealers: Citigroup Global Markets, Inc., Morgan Stanley & Co, LLC, UBS Financial Services, and Wells Fargo Advisors, LLC.

The Financial Industry Regulatory Authority (FINRA) announced that they had fined the above firms for selling leveraged and inverse ETFs without proper supervision.

Any investors who purchased a leveraged or inverse ETF from any of these firms and believe the products were unsuitable for then should contact an attorney at Malecki Law to explore their legal rights.