SAN DIEGO (ETFguide.com) - A lawsuit seeking class-action standing against ProShare Advisors, sponsor of the ProShares ETFs has been filed.
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SRS 11.15 -1.22
The suit filed by New York, NY-based Labaton Sucharow alleges ProShares violated securities law and didn't properly disclose all the risks associated with its UltraShort Real Estate ETF (NYSEArca: SRS - News) in its prospectus and registration filings with the Securities and Exchange Commission.