NEW YORK ( TheStreet.com) -- Deutsche Bank (DB - Get Report) announced that it will shutter PowerShares DB Crude Oil Double Long Exchange Traded Note (DXO) as the war against energy "speculators" claims its first exchange-traded product.The ETF industry has been under fire all summer and the battle is being waged on multiple fronts by multiple regulatory groups. DXO, unfortunately, was caught in dual crossfire: It is a futures-based commodity fund and it is leveraged.
Leveraged ETF Shut Down Won't Be Last
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