Firm Also Failed to Maintain Supervisory System, Report Customer Complaints
WASHINGTON—FINRA announced today that it has fined Webull Financial LLC $3 million for not exercising reasonable due diligence before it approved customers for options trading; not maintaining a supervisory system reasonably designed to identify and respond to customer complaints; and not reporting certain written
The ability to invest how ppl want to invest it critical. I use inverse or leveraged inverse funds to mitigate my stock exposure during volatile times without having to sell stocks and pay capital gains. Eliminating my ability will cost me money as well as restrict my freedom. I strongly encourage you to scrap these unnecessary plans.
FIA PTG Principal Traders Group 2001 K Street NW, Suite 725, Washington, DC 20006 | Tel +1 202.466.5460 March 8, 2023 Jennifer Piorko Mitchell Office of the Corporate Secretary FINRA 1735 K Street, NW Washington, DC 20006-1506 Re: Regulatory Notice 15-13: Trading Activity Fee (TAF), May 5, 2015 Dear Ms. Mitchell: The FIA Principal Traders Group (“FIA PTG”) 1 appreciates the opportunity to comment
Greetings,
I am a retail investor and have enjoyed (carefully) investing in inverse and leveraged funds.
I understand the concern and desire to protect individuals, but to gatekeep these investments isn't helpful -- it's controlling.
I need approval from my broker to do things like short-sell because I could owe more than I invest, and that makes sense. But inverse and leveraged
Leverage and inverse ETFs should be available to all of us. We as individuals assume all the risk for our investing/trading and should be able to buy and sell these items as we wish.
I use inverse etfs to hedge positions and also gain when the market is heading to the downside. I use leverage etf on a short term basis to boost my returns. I study charts, use technical analysis and the leverage
I am fully aware of risks and benefits associated with leveraged ETFs. I have made a conscious decision investing in these funds which has helped me achieve my retirement goals sooner. I work for University of Southern California who has not been able to help me in retirement saving. I achieved in a short period of time what university's retirement fund specialists were planning in 20
This regulatory malpractice because it prevents the people who need to use protective options the most from having access while making sure the rich don't lose. The regulations needed should be to ensure retirement funds have funds available with protective puts or other safeguards. Brokers not telling people about these is shameful. Trying to regulate against the short side is
PDT rule makes it difficult to grow small accounts quickly, please remove it.If someone with an account value less than $25,000 buys multiple (4 or more, maybe including options) securities, and they are all profitable, they risk getting hit with the PDT rule if they close all of them to realize their profits.To avoid getting hit with the rule, they would have to leave some of the profitable
I began trading options more than 10 years ago. I studied with several teachers, able to use a practice account before trading live. I find option trading a way to limit my exposure to market risk, and still obtain the gains I want.
While my general approach is to hold ETFs, use both long, short options trades, as well as holding inverse ETFs to take advantage of market fluctuation.
I understand
Why would you be taking our ability to invest in leveraged funds away from us? Ive been investing for over 40 years and regularly use these types of funds as hedges against certain events.
Perhaps turn your efforts against the Wall Street market makers and movers who unfairly manipulate the market with dark pools and paper shorts that never have to be made good on by actually delivering instead
