“Overnight, realizing it is facing an avalanche of lawsuits even though it explicitly laid out the possibility of the ETN getting ‘terminated’ should VIX explode, Japan’s biggest brokerage issued an apology after investors in its $300 million vol-linked ETN were all but wiped out during this week’s stock-market turmoil.”

Read more: https://www.zerohedge.com/news/2018-02-07/nomura-sincerely-apologizes-blowing-investors-its-vix-linked-etn

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