Symbol			FAZ

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Notice of Deadline for Plaintiff Submissions to Investors Who Purchased or Otherwise Acquired Shares in Direxion Daily Financial Bear 3X Shares (NYSE: FAZ) From the Law Firm of Gilman and Pastor LLP

2009-10-30 11:08 ET - News Release

BONITA SPRINGS, FL -- (MARKET WIRE) -- 10/30/09

The law firm of Gilman and Pastor LLP makes an announcement to all investors in Direxion Financial Bear 3X Shares (NYSE: FAZ) concerning the class action lawsuit filed on September 18, 2009 in the United States District Court for the Southern District of New York. Investors only have until Tuesday, November 17, 2009 to move for appointment as a lead plaintiff in this case. The Class is seeking recovery for investors under Sections 11 and 15 of the Securities Act of 1933 (the "Securities Act").

The class action lawsuit was filed on behalf of investors in the Direxion FAZ Fund who suffered investment losses. The FAZ Fund seeks investment results that correspond to three times the inverse (-300%) daily performance of the Russell 1000 Financial Services Index ("RFSI"), which measures the performance of the financial services sector of the U.S. equity market. The complaint alleges the Defendants violated the Securities Act by failing to disclose that the FAZ Fund is altogether defective as a directional investment play.

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