VIX Under Scrutiny After Market Selloff

What is the main concern regarding the VIX as discussed in the first section?

• The VIX is not a reliable indicator.

• There is potential rigging involving spoofing.

• The VIX is too volatile.

• The VIX is being phased out.

Which past financial scandal is mentioned as a comparison to the current VIX situation?

• The Libor rigging scandal

• The Bernie Madoff Ponzi scheme

• The Lehman Brothers collapse

• The Enron scandal

How did SIBO respond to the allegations of VIX manipulation?

• They launched an internal investigation.

• They denied the allegations and pointed out errors in the whistleblower's letter.

• They ignored the allegations.

• They admitted to the allegations.

What is one of the challenges mentioned in understanding the VIX and its related products?

• The lack of historical data

• The high cost of trading

• The incredible complexity and potential for manipulation

• The absence of regulatory oversight

What does the final section suggest about the nature of derivative products related to the VIX?

• They are simple and easy to understand.

• They are declining in popularity.

• They are not subject to any form of manipulation.

• They offer opportunities for positive arbitrage but also potential manipulation.