Inverse funds help me protect/hedge my investments especially within accounts where using alternative methods (i.e. shorting, derivatives, etc.) is not available. Leveraged funds help me enhance my returns in a similar manner except to the upside in, mostly retirement, accounts where options trading isn't available.
I am grad to see additional regulation and protection for unsophisticated consumers and investors. Also corporate stock buy backs should be outlawed.
To whom it may concern, As a retail investor, I believe transparency is vital to a fair and efficient market. I think it is unlawful for a company to be shorted more than 140% of its float. In no other industry can you sell 140% of a product legally. It is important that this is taken seriously as the integrity of the market is at stake.
Please don't make these restrictions. We are aware of the risks as all brokerages and Applications have disclaimer while trading leveraged stocks.
Why should only the exceptionally wealthy have opportunities to engage in the stock market fully? This is discrimination at its best and class warfare.
I OPPOSE limitations on the investment. It is my right to buy leveraged and inverse funds like UltraPro and UltraPro Short funds. Public investments should be available to all of the public, not just the privileged. I understand leveraged and inverse funds and their risks. I use them to protect my investment and they are very important tools in my investment strategy.
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
On January 1, 1988, the options regulators will install a revised ROP qualification examination on the PLATO testing network. The revised examination will be expanded to include index, interest rate, and foreign currency option questions. A revised Series 4 study outline incorporating the new material will be available shortly.
Comments on Pattern Day Trader RequirementsA lot has changed since the day trading rule went into effect. Settlement is now one business day, commissions have gone to zero at many firms, volumes have exploded. All these factors are in favor of relaxing the day trading rule and eliminating some of its provisions.There is no evidence to suggest that it is riskier to close a trade in five minutes
All short positions need to be reported hourly. Positions need to be report on open and close. Substantial fines, up to the cost of the underlying need to be levied against those improperly filing or not filing at all. This data should be available in full no later than end of business day.
I think the SI data should be reported daily to FINRA. FTD recover period should be reduced to T+2 and if not obeyed a 500% of the position should be fined to the accountable. Naked shorts should be reduced to a minimum, and ALL data should be accessible to the public, at the end of every market day.
