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A Georgia-based brokerage has settled allegations that it and its president developed and sold a trading strategy that they did not understand and that caused near-total losses for 350 clients. The product in question was the Daily Inverse VIX Short-Term Exchange-Traded Note (XIV). Exchange-Traded Notes (ETNs) are essentially structured products that are issued as senior debt notes and trade as stocks. They have credit risk linked to the issuer which may or may not be the note's sponsor. Just because something is popularly called an ETF does not mean it is structured as an ETF. With leveraged ETFs and ETNs that use futures and complex structured notes, knowing exactly what is being traded is essential.
Jordan Finneseth is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Silver North Resources (TSX-V:SNAG, OTCQB:TARSF) reported promising results from its 2024 drilling campaign at the Haldane property, located in the Keno Hill Silver District, Yukon. Recent drilling confirmed that the Main Fault is a productive structure, Silver North said, hosting multiple high-grade silver-bearing veins and breccias.
Condor Resources Inc. (TSX-V:CN, OTC:CNRIF) announced it has acquired additional exploration concessions for its Huiñac Punta silver prospect in Peru, expanding the project area from 2,000 to 7,200 hectares. The new acquisition adds 5,200 hectares of prospective ground next to the company's existing property.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Bitcoin's record-breaking rally took the digital asset past $89,000 and lifted the overall value of the crypto market above its pandemic-era peak as traders bet on a boom under President-elect Donald Trump. Bitcoin is in "beast mode," Chris Weston, Head of Research at Pepperstone Group, wrote in a note as the cryptocurrency's total market cap surpassed that of silver.