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Lehman Brothers ETNs Delisted
Submitted by ETNCenter.com on Fri, 09/19/2008 - 13:12.
With the failure of Lehman Brothers to find a buyer and its subsequent bankruptcy, all of its Opta ETNs have stopped trading, and are now worthless. It will be interesting to see how this situation affects the future of all other ETNs, since it has proven that ETN holders are exposed to credit risk as well as risk of their investment losing value due to a decline in the underlying value of the security.