After earlier warning that it was concerned about investors holding leveraged exchange-traded funds for 10 days or longer, FINRA, in its latest podcast, appears to be backpedaling.

“Leveraged and inverse ETFs can be appropriate if recommended as part of a sophisticated trading strategy that will be closely monitored by a financial professional,” FINRA said. “At times, this trading strategy might require a leveraged or inverse ETF to be held longer than one day.”

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