Thank you for taking time to read my comment. My biggest concern with this is what's next? The volatility of these products can be large, but there are plenty of very high volume company stocks with even more volatility then these 3x ETFs.
Compare UPRO with GME, AMC, SNDL, even TSLA. I would be at a loss to understand why I would be limited to trade UPRO but still be able to AMC, GME and
I have been doing my own investing for over fifty years, and for much of that time was frustrated by the restrictions placed on my retirement savings, especially the inability to buy individual stocks rather than mutual funds. Having finally escaped those regulations after retirement I do not want to be told that I am not sophisticated enough to use mutual funds and etf's if they are '
This year, as as well as the year 2001, have shown us that stocks (primarily tech heavy stocks) can be hit especially hard with losses. Therefore, everyone who invests should be aware that huge losses can occur and it should be considered a gamble. This is especially true for leveraged and inverse funds. But for the person that has a disciplined approach, large gains can also be achieved. If in
People should be given the choice they want for their own investment. In a case like leveraged or inverse funds, I personally use them for taking advantage of temporary market dislocation or hedging, both for short term investments. Over regulating doesn't seem to be the right approach.
Leveraged products are great tools, they are significantly less risky and less costly than trading on margin. Why take away leveraged and inverse ETFs but leave the ability to buy on margin or sell short?
Please don't try to fix something that isn't broken.
Investigate the corrupt hedge fund Citadel, involved in manipulating AMC stock.
Do not take away access to leveraged funds. These are important tools and they are not terribly dangerous. Why attack these? Do something more useful like make it illegal for short sellers to "manufacture" fake shares and make the consequences very very expensive for breaking the law.
Apes watch stonks daily and witness manipulation of the price. Surely the FINRA authorities have the ability to witness the same. Please stop NAKED SHORT SELLING and DARK POOL manipulation of price.
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.
I am AGAINST passage of FINRA’s Regulatory Notice 22-08 taking effect. I trade indexed ETF's over short time horizons, am aware of, and am satisfied with the risk acceptance protocol followed by the service providers. I DO NOT WANT ACCESS TO COMPLEX PRODUCTS RESTRICTED.
