Leveraged ETFs get bad rap as investor trap
August 23, 2009 at 11:58 AM EDT
Itâs no surprise that Ponzi schemes and bullion and currency scams made the North American Securities Administrators Associationâs list of this yearâs 'Top 10 Investor Traps.' But amid the usual suspects of unregistered securities and flat-out rip-offs, state securities regulators included exchange-traded funds that use leverage to boost returns.