Lawsuit over exchange-traded note shows peril in democratized investing
from Bloomberg via Investment News
XIV, the now infamous exchange-traded note that imploded last month, is dead and buried. But its legacy lives on in the court system. Credit Suisse Group, which issued the derivative-based product, was sued this week by an investor accusing the Swiss bank of failing to disclose manipulation. The case follows several suits that allege unknown parties manipulated instruments linked to volatility futures.
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