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Apparently You Can Steal, Like, A Whole ETF
It’s not hard to imagine having some ETFs you own stolen. Perhaps the broker you’ve been having an affair with misappropriated your accounts to make all sorts of unauthorized trades, potentially including said ETF shares. Perhaps in a bit of delicious irony, hackers broke into said brokerage account and transferred shares in a cybersecurity ETF with the ticker symbol “HACK” to their own accounts in Switzerland or the Caymans or wherever, demonstrating the value of such an ETF and thereby driving up its value, pouring salt in the wound. Pretty standard stuff. But stealing the entire ETF? Not just ... (full story)