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DB Crude Oil Double Short ETN (DTO)

NYSE
Currency in USD
Disclaimer
56.21
0.00(0.00%)
Closed

DTO Comments

On facebook, all you can come DTO-Deutsche bank class action
We must destory Deutsche Bank to recover our money
disappeared from yahoo. How about we make on facebook new community
Any update on class action lawsuit?
Deutsche Bank should be prosecuted and put out of business. They're thieves
So there is no way you can get the money back?
No
Hi, so there is no way you can get back your investment? It is just lost? Thanks for informing.
ㅜ
some guy on stocktwits says he got his money back. https://stocktwits.com/ThomasXFord/message/214448651
highly doubtful
How do we trade oil short now?
Deutsche Bank will be *******to pay!! This is stock crime
Ask SEC to help us.
In this COVID environment, probably will take forever to get anything done, sadly.
My lawyer says to file a complaint to the SEC first. https://www.sec.gov/complaint/select.shtml
done
I still see my shares and money. It didnt disappear. do you too?
I agree, why did they allow it to trade for part of the day?
Who are your lawyers?  I am thinking of trying to find a lawyer myself.  I see on Google there are some who specialize in financial lawsuits relating to stocks and ETNs.
the nasdaq halted it, not db. They were due to release a press release on the etn and when the press release came to the nasdaq as they are required to do so. The nasdaq halted the etn. The press release was as followed that came out the following day. I just dont understand how something can trade at a value, having no value. Thats the thing i cant rap my head around. Sure it was a gamble but it never dropped from 100 to 0.
They(DB) knew there would be an acceleration event since gold, aluminium, wheat and corn are rolled over annually while energy is rolled over monthly.  If the rollover was done during 5-6 days then this liquidation would not have happened.  Instead they waited until the last day fudging the NAV and dumped it on monday 1pm....The NAV was over 100 on monday, so they knew it would drop... hence the increase in short volume.  My lawyers  say that it would be very hard to get my money back since nothing illegal was done. Just unethical.   DB should have stopped trading DTO at the open instead of selling or shorting on monday.   If any insiders are found to be implicated in shorting DTO, we will notify the SEC and file a Class Action Suit.
The ETN resets monthly not daily. Crude has now risen more than 50% since April 30th, so I believe DTO has no value anymore. The prospectus contains this sentence"If the applicable index factor is zero on any trading day, the repurchase value will equal zero, the securities will be accelerated and you will lose your entire investment in the securities. "
CNBC has delisted DTO already... like most of you I bought on monday and lost all the investment. DB are thieves... UWT at least gave investors notice
This is amazing !!!! How can they do such a thing? Have invedted 25 k just dissappeared
Yeah all other ETNs gave a couple weeks notice after acceleration. This one goes to zero instantly with no notice?  Fraud. I lost a hefty 5 figures in this.  I need some good news.
Im filing a complaint with the SEC i reccomend every one do the same at this point.
I did it too... but the answer was it will take a long time and it is delisted already
https://www.sec.gov/Archives/edgar/data/1159508/000119312508135934/d424b2.htm
If the repurchase value on any trading day equals zero for a particular offering of securities, those securities will be automatically accelerated on that day for an amount equal to the zero repurchase value and holders will not receive any payment in respect of their investment. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined that this pricing supplement is truthful or complete. Any representation to the contrary is a criminal offense.
The DB index must have risen by 50% intraday for this acceleration to occur.. Since CL and HO make up about half of the index.... DB could have rolled over the contracts on May 18th to liquidate
yes i know. I just dont understand how incompetence comes into play when a fund has been around for 12 years. Lets pray for the best i guess.
There also used to be a DXO ETN, the opposite of DTO. I guess they accelerated DXO some time back.
DB had another ETN called DXO that was the exact opposite of DTO.  I guess they accelerated DXO a while back because that hasn't traded in a long time.
XIV had a cash repay clause,, DTO does not... so it will be a long legal battle... My broker says that the CL rollover was done 1-2 days prior settlement so the 18th should be about right. Energy is about 55% of the index so it could be wiped out even the other 4 commodoties are roll overed annually. This is the worst mistake of my life.
You didn't make any mistakes. Sometimes we earned and sometimes we lost. We won't lose all the money we invest. I invested 14,000 USD this time. May I know what closing price can we get back. Is it 56.21 on May 18? and when? Just return my f...ing money.
Other ETNs gave a couple weeks notice after acceleration.  This one instantly goes to zero?  Fraud. I need some good news man.  I lost a hefty 5 figures on this.
Is this serious? I bought this yesterday and today it doesn`t exist? repurchase value being Zero? Seems like some guy at DB didn`t roll over the contract in the ETN and it just went down to 0 in their holdings and we need to bear the costs? We can not even sell/get paid at the closing  56.21usd?We should have legal rights. Any thoughts guys? I am shocked and don`t know what to do. They put out a press release and they get away with it?  Deutsche Bank announced today the automatic acceleration of the DB Crude Oil Double Short Exchange Traded Notes due June 1, 2038 (DTO), due to the repurchase value on May 18, 2020 being zero. As a result of such acceleration, consistent with the terms of the ETNs, holders will not receive any payments on their ETNs.
they stole our money 😠why they not announced that the etf is going default
I bought it yesterday too. They didn't tell us why they closed this. We should know specific information about zero value.
I bought it yesterday too. They didn't tell us why they closed this. We should know specific information about zero value.
what happened to this..let me know brothersI had thisIs it dangerous situation?
Probably defaulted, since followed the CL which in last contract went negative, but I am not sure is a posiibility.
https://finance.yahoo.com/news/deutsche-bank-ag-announces-automatic-144700012.html
thanks ken. have a nice day.
why did the trade stoped?
They did not rollover in time.... https://www.cmegroup.com/trading/energy/crude-oil/emini-crude-oil.html
 so what now? will this resume?
If they did not rollover in time, was that a violation of how DTO was supposed to work? Can they be sued for that?
buy it!!
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