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The Tory candidate for London mayor has been urged to apologise after she claimed that Jewish communities were “frightened” by Sadiq Khan.

Susan Hall, who was selected as the Tory candidate in July, made the comments at the Conservative Friends of Israel event on the fringes of the Tory Party conference in Manchester.

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She told the audience that one of the “most important” things she would do for Londoners would be to make the city “safer” – particularly “for our Jewish communities”.

She asked for “as much help as [she] can get in London” because Mr Khan “needed to be defeated”.

“I know how frightened some of the community is because of the divisive attitude of Sadiq Khan,” she said.

“One of the most important things that I will do when I become mayor of London is to make it safer for everyone, but particularly for our Jewish community.

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“I will ask for as much help as I can get in London, because we need to defeat him.”

Her comments immediately drew criticism from politicians and Jewish groups.

Labour’s shadow health secretary, Wes Streeting, said her remarks were “divisive and disgusting”.

“Sadiq Khan has repeatedly stood by London’s Jewish communities in the fight against antisemitism,” he wrote on X, formerly known as Twitter.

“Susan Hall’s dog whistle politics have no place in London. Will decent Conservatives ever call this out?”

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Mike Katz, the chair of Jewish Labour, said Ms Hall was “vile, ignorant and wrong” and urged her to apologise.

“Sadiq has consistently gone out of his way to work with the Jewish community. He stood with Jewish Labour when we spoke out on antisemitism in Labour.

“For Susan Hall to try to use this as a dog whistle is beneath contempt. She should apologise.

The Jewish Labour Movement accused Ms Hall of “gutter divisive politics that seeks to use the Jewish community as political pawns”.

“We had quite enough of this from Jeremy Corbyn and saw him off – and have no patience for it from Susan Hall,” it said.

Sky News has approached Ms Hall for comment and the Conservative Party has declined to comment.

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SEC sends warning letters to ETF issuers targeting untamed leverage

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SEC sends warning letters to ETF issuers targeting untamed leverage

The US Securities and Exchange Commission (SEC) sent warning letters to several exchange-traded fund (ETF) providers, halting applications for leveraged ETFs that offer more than 200% exposure to the underlying asset.

ETF issuers Direxion, ProShares, and Tidal received letters from the SEC citing legal provisions under the Investment Company Act of 1940.

The law caps exposure of investment funds at 200% of their value-at-risk, defined by a “reference portfolio” of unleveraged, underlying assets or benchmark indexes. The SEC said:

“The fund’s designated reference portfolio provides the unleveraged baseline against which to compare the fund’s leveraged portfolio for purposes of identifying the fund’s leverage risk under the rule.”

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SEC warning letter sent to Direxion. Source: SEC

The SEC directed issuers to reduce the amount of leverage in accordance with the existing regulations before the applications would be considered, putting a damper on 3-5x crypto leveraged ETFs in the US.

SEC regulators posted the warning letters the same day they were sent to the issuer, in an “unusually speedy move” that signals officials are keen on communicating their concerns about leveraged products to the investing public, according to Bloomberg.

The crypto market took a nosedive in October after a flash crash caused $20 billion in leveraged liquidations, the most severe single-day liquidation event in crypto history, sparking discussions among analysts and investors over the dangers of leverage and its effect on the crypto market.