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VXX.US
id: 1106

Barclays halting sales and issuance of VXX shares

S.D. New York
Court
1:24-cv-01872
Case number
26 Jun 2019
Class period Start
13 Mar 2022
Class period End
On March 14th 2022, Barclays announced it had temporarily suspended the sales and issuance of VXX shares.

This led the price to spike by nearly 60% by the next day which caused significant losses to short sellers.

The bank’s failure to more quickly disclose that it had exceeded the number of VIX Short-Term Futures ETN (VXX) that it had permission to sell violated federal securities law.

This failure led to the sudden halt of share sales and ultimately the price spike.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Malpractice
Negligence
Breach of Fiduciary duty
Suspected Party
Management
Investment Bank
Service Provider
Security Type
Unit (ETF, ETN, Unit)
Trade Direction
Short
Shock Event Date
14 March 2022
Filing date
12 March 2024
Collecting participants…

iPath Series B S&P 500 VIX Short-Term Futures ETN

The ETN offers exposure to futures contracts of specified maturities on the VIX index and not direct exposure to the VIX index or its spot level. The index is designed to provide investors with exp...

    Ticker
    VXX.US
    ISIN
    US06740C2614
    Country
    USA