UPRO[0] is highly leveraged(3x), and regularly loses money. It's down over 14% this month alone. It's a 3rd party taking your money and doing incredibly risky t

UPRO[0] is highly leveraged(3x), and regularly loses money. It's down over 14% this month alone. It's a 3rd party taking your money and doing incredibly risky things with it. I don't think you are trying to argue UPRO can't exist, because it has since 2009 and nobody cares. I think what you mean to say is, You can't take other people's money and promise no risk, and then go risk it. I.e. you can't lie to the investor, you have to tell them the truth as you know it. SBF clearly didn't do that, he promised his customers, your money is safe like a bank. And then took that money and did ridiculously risky things with it. If his customers are lucky, since some of those incredibly risky things actually paid off, they may not end up actually losing money when it's all said and done, which is pretty awesome for them. 0: https://www.proshares.com/our-etfs/leveraged-and-inverse/upro https://www.proshares.com/our-etfs/leveraged-and-inverse/upr...