Dear Sirs and Madams: As a former managing director of a broker dealer I can tell you with certainty that regulations for leveraged and inverse ETFs are long past due. Although I have over 45 years of investment experience I was also ill informed about their characteristics and basically lost all of the money in my IRA which I luckily could afford. Now that I understand them I am profiting
I would appreciate FINRA supporting people like me who wish to trade ETFs and leveraged ETFs especially in IRA accounts where we can control the gains and losses in our accounts. In my case I have over 50 years experience in the markets and would prefer making my own decisions without interference from outside sources. Shorts arent allowed in some accounts and the only way to protect holdings in
I would like to be free to invest in what I deem appropriate for me, my investment and retirement goals, and my risk tolerance. I do not need someone who knows nothing about me, my personal goals or my personal risk tolerance to attempt to determine what is or is not appropriate. Nor do I need someone else to tell me what they think I may or may not understand. In short, I do not need someone
America is a country who always advocated equal rights. I should get right to invest my money the way I want. Stocks are also risky when big companies like BABA, NetFlix ets drop more than 70% from their all time high. People can loose the money when they trade Options of stocks. I regulators are really concerned about the risk of retail traders then the should regulate - - the market fall/rise
This is an insane idea to add more regulation to Leverage ETFs. From a practical perspective, think of how much higher risk there is involved investing in a single stock like Tesla, Netflix, Nvidia vs. a leveraged ETF like SSO or UPRO that is allocated over hundreds of stocks. Would you ever consider limiting how much of a single stock an individual can own? Of course not, yet that is a far
IMPORTANT MAIL VOTE
OFFICERS, PARTNERS AND PROPRIETORS
TO: All NASD Members
LAST VOTING DATE IS OCTOBER 3, 1986.
EXECUTIVE SUMMARY
NASD members are invited to vote on a proposed new Rule of Fair Practice, which would require members to maintain a record of their total "short" positions in NASDAQ securities in all customer and proprietary firm accounts and report this information,
As a not-for-profit membership organization, FINRA is committed to transparency and engagement with our members regarding our finances. Accordingly, we want to update you about a fee rebate to our member firms.
Rule 606 of Regulation NMS requires broker-dealers to disclose information regarding the handling of their customers’ orders in NMS stocks and listed options. These disclosures are designed to help customers better understand how their firm routes and handles their orders, assess the quality of order handling services provided by their firm, and ascertain whether the firm is effectively managing potential conflicts of interest that may impact their firm’s routing decisions.
Addition to previous submission today. Cryptos were clearly described by Buffet and Munger recently!!!! The term Derivatives is showing up in publications describing stocks. THIS IS AN ABSOLUTE NO NO. Derivatives is a wild card word. It can mean anything! Certainly not a legal definition of a stocks worth. Please veto it before it becomes accepted. Arnie Allison
My investments are my choice. I dont get to buy or sell stocks in advance before passing legislation that effects stock value like you elected officials. Leave my options alone. If you dont understand triple leverage and inverse funds, thats not a reason to limit me from using them.
