Summary
FINRA has adopted changes to its rules to allow for video conference hearings before the Office of Hearing Officers and the National Adjudicatory Council under specified conditions. These amendments will become effective August 23, 2023.
Questions concerning this Notice should be directed to:
Philip Shaikun, Vice President and Associate General Counsel, Office of General Counsel (OGC
Dear Sirs: I am writing to express my opinion that existing investor access to leveraged ETFs should be maintained. These investments are straightforward (leverage 1X, 2X, 3X, etc.) and every investor must understand that risk is inherent with these investments. As with any other investment. I consider leveraged ETFs to be much less risky than US traded Chinese stocks. The Chinese Variable
FINRA has seen a recent significant spike in investor complaints resulting from recommendations made by fraudulent “investment groups” promoted through social media channels. Complaints describe bad actors, posing as registered investment advisers, who advertise “stock investment groups” on Instagram and other social media channels and then turn to encrypted group chats on WhatsApp to communicate with interested investors and pitch investments.
I oppose any restrictions on the ability to freely trade any public commodity. I oppose any trade restriction on any commodity simply because they are leveraged, or reverse leveraged. I trade in these stocks almost daily and they make up a significant portion of my portfolio. A private investor should not have to jump through bureaucratic hoops in order to freely exercise their right to
I feel my investment choices are my own, and not the regulators. I have successfully invested in stocks, ETFs, Mutual Funds, Stock Options, and Leveraged Securities for more than 30 years.
We should have a free choice to invest inside a regulated universe. A basket of leveraged fund is not different than a stock with high beta as both could react to volatile market conditions. Oftentimes, it is better due to some diversification benefits which is not available on a stock , which are spurred by speculative positions. Inverse leverage funds offer cheaper alternative than options to
Even though people may see leveraged stocks as risks. In reality, when trading them for the long run they are actually very safe investments. There is no reason to restrict access to these stocks
SummaryEffective January 1, 2025, Historical CAT Cost Recovery Assessment 1 will no longer be in effect for transactions in eligible securities executed by FINRA member CAT executing brokers.Questions regarding this Notice may be directed to:Amanda Rath, Associate Director, Finance, at (240) 386-6637 or email; orFaisal Sheikh, Assistant General Counsel, Office of General Counsel
These leveraged ETFs are less risky than many individual stocks that are available to anyone. They are predictable- ie 2X or 3X. Individual stocks are not! The secret is getting out and the professionals do not want to share.
Dear FINRA,
I have been investing in leveraged stocks for sometime. SSO for example, is my go to stock purchase these days.
Please allow me to invest as I see fit.
Thank you!
