They’re back, and with a vengeance. This program focuses on structured products. These are pre-packaged investment strategies based on a single security, a basket of securities, options, indices, commodities, debt issuance, foreign currencies, and derivatives. These can be extremely complicated investment products, which are ever changing, which too often are sold to unsophisticated investors by brokers who don’t understand the products, and often with disastrous results. As an example, on February 5, 2018 two structured investment funds that traded in the opposite direction of the CBOE Volatility Index (known as the VIX) blew up when volatility returned to stock market.