Jim Cramer: SEC Halts Leveraged ETFs – A Positive Step for Investors

CNBC finance commentator Jim Cramer recently voiced strong opposition to leveraged exchange-traded funds (ETFs) in public statements, advocating for stricter regulations. This comes after the Securities and Exchange Commission (SEC) has put a hold on new highly leveraged ETF applications, specifically those with 3x and 5x amplification levels. The SEC’s move stems from concerns regarding extreme risk exposure and compliance with existing limits on leverage within ETFs.