The SEC Just Drew a Line in the Sand: Why It's Blocking Highly Leveraged ETFs

First, the heavens invented stocks (OK, business people did that). Then, they created mutual funds, and later, starting in 1993, exchange-traded funds (ETFs). Fast forward to 2026, and it got a lot more funky. And complicated. And especially, leveraged. 

So much so that the U.S. Securities and Exchange Commission (SEC) has let a lot slide in terms of permissiveness. That has turned stock investing into, as some have said, a “casino with better lighting.”