A license to sell leveraged ETFs, and specifically inverse ETF's, is a license to steal. Period. It should be a requirement that any designed financial instrument show in the prospectus how an investor may actually make money not just the risks of loosing it. Take TVIX, a long term chart shows in 2011 the price was 2,235,849,984, today its value is $112 dollars. A loosing investment start to
Dear FINRA, My opinion on FINRA's proposed limits is that may restrict my access to leveraged Funds or to disqualify me from trading Those types Funds or other "complex products". If you have a strong understanding of the characteristics and risks of leveraged funds, but I am not a professional. I do understand that their purpose is for short-term active trading, and that they
Comments: I find the recent discussions about leveraged funds silly. It's been discussed in detail on various online forums how leveraged funds are good for short term trading, and are also fine for long term investment *provided* the investor is sufficiently informed about the rules. See, for example, the famous "hedgefundie adventure." Yes, there is volatility drag,
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On March 1, 1991, the SEC approved an NASD proposal to amend Schedule H to the NASD By-Laws to eliminate the current reporting thresholds of $10,000 or 50,000 shares so that the reporting requirements of Schedule
(a) When and How Transactions are Reported(1) OTC Reporting Facility Participants shall, as soon as practicable but no later than 10 seconds after execution, transmit to the OTC Reporting Facility, or if the OTC Reporting Facility is unavailable due to system or transmission failure, by telephone to the Operations Department, last sale reports of transactions in OTC Equity Securities executed
I consider it vital that ordinary investors retain the right to invest in leveraged, inverse funds such as UVXY. During market declines, these are frequently nearly the only investments that go up, while everything else goes down together like a flock of birds. During the financial crisis of 2008, I was wiped out because I only invested in stocks which my investment letters assured me would be
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.
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Notices to Members
The National Association of Securities Dealers, Inc. (NASD®) published the following Notices to Members during 1999. Copies are available for $25 per
I strongly oppose your these unnecessary regulations on inverse and leveraged etf's. Today's investors are very well informed of these and similar investment vehicles and we do not need your meddling in our choices!
You should be looking into ways to better regulate news driven, high speed algorithmic trading where computers key in on pre programed key phrases and can spike or
I have been investing in stocks since 2015. I've been picking and choosing my own investments without help from any financial professional. In 2020 I had an account with TD Ameritrade and an account with Acorns doing ETFs. The stocks I picked with TD Ameritrade at my own discretion outperformed my ETF account picked by acorns.
People diserve the right to manage their own money and pick
