Sainsbury's and Anglo American also in list
A class action has been filed against ProShares for allegedly providing false and misleading information relating to its UltraShort Financials fund.
Crédit Agricole Structured Asset Management (Casam) has released a range of 10 equity ETFs on Euronext Paris, boosting its product range to 65 funds.
US law firms are filing class action lawsuits for investors in ProShares short financial and short emerging markets funds, citing false and misleading prospectuses, registration statement and information.
The US Financial Industry Regulatory Authority is imposing increased customer margin requirements for leveraged ETFs and uncovered options overlying these funds.
The eight ProShares ETFs offered by ProFunds Group provide short and leveraged exposure, and are listed on NYSE Arca.
Contracts for difference (CfDs) will require similar disclosure rules to major shareholdings and instruments which give the right to acquire shares, the FSA says.
ETF Securities yesterday suspended trading on a number of its Exchange Traded Commodities (ETCs) due to its exposure to ailing insurance giant AIG.