Day-trading Reddit readers nearly crashed the stock market. Now they’ve been packaged into a new ETF.

Market Watch – In a story about a new meme ETF, Healthy Markets Executive Director Tyler Gellasch is quoted saying “The product is a little mind-blowing. Gellasch thinks that the ETF appears to be capitalizing on what could very well be determined by SEC and FINRA to be market manipulation. People who may have direct influence over the value of the individual securities are involved in the offering of the product. Think of all the potential conflicts of interest and self-dealings you could have, things like potential front-running. Their own Twitter feeds, their own public statements could change the value of the underlying securities and impact the underlying portfolio.” (Full Story).

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