I tested to see whether my brokers would accept a BUY for that junk. As I recall, Fidelity, Vanguard and more rejected that test transaction.
As I posted earlier: "From what I see, respected US brokerages are thrilled to ditch penny gambling addicts with their tiny accounts and the litigation that sometimes follows when Grandpa blows up the family savings."
" I'm especially gratified that Vanguard has lead the way in prohibiting buys of especially dangerous derivatives such as 3X exchanged traded funds and flimsy inverse exchange traded notes described by some market pundits as Financial Weapons of Mass Destruction. I want my brokers to have the highest standards in all matters. Doesn't every brokerage client?
Brokers' work definition doesn't include -- and can't legally include -- placing your garbage casino bets. A fiduciary doesn't facilitate his clients' financial ruin.
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