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Friday, August 07, 2009|
MSSB Makes a Decision on Leveraged ETFs
After a review, Morgan Stanley Smith Barney has decided to impose restrictions on the sale of leveraged and inverse ETFs.
Company executives said that as of August 7, solicited purchases of the products will not be allowed in traditional brokerage accounts, while unsolicited purchases will be allowed, subject to "enhanced oversight and review."
Also, MSSB is no longer allowing purchases of the products in advisory accounts managed by Morgan Stanley Smith Barney Financial Advisors.
MSSB is the latest broker-dealer to create a policy on leveraged ETFs.
Company Press Release
Printed from: MFWire.com/story.asp?s=22284
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