Credit Suisse and Nomura brace as US regulator files fresh Vix inverse arbitration claim
Dimond Kaplan & Rothstein has filed an arbitration claim with the US Financial and Regulatory Authority (Finra) against Florida-based Newbridge Securities Corp on behalf of a Texas couple who lost a large portion of their life savings in 'risky' exchange-traded products (ETPs). The timing of this case coincides with recent stock-market volatility that caused large losses in certain exchange-traded funds (ETFs) and notes (ETNs), including the Proshares Short Vix Short-Term Futures (SVXY) and Credit Suisse Velocityshares Daily Inverse Vix ST ETN (XIV).
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