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I, like virtually any investor, want the maximum flexibility in what I trade and how I trade. More meddlesome regulatory interference only hinders the ability to trade freely. All investors should have the ability to trade leveraged ETFs and like products free of unnecessary regulatory restrictions.
Low-priced securities are often known as “microcap stocks” or “penny stocks.” While these securities can be legitimate investments, they’re also high-risk and should be approached with caution by the average investor.
investing in these funds has been allowed to everyone for years and there is no reason to change now. this is a free market and since these funds have been approved to be trading on the exchanges they must continue to be allowed to be traded by everyone. Leveraged and inverse funds function like option trading and there is no restriction on options or margin trading.
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to require firms to report time fields in trade reports submitted to an equity trade reporting facility (or “FINRA Facility”) using the same timestamp granularity that they use to report to the consolidated audit trail (“CAT”), in accordance
Trading leveraged/inverse funds has been a boon to my ability to hedge upside and downside risk without the complexity of options. Also, through products like SARK and SQQQ, I am able to hedge against downside risk without margin.
I think smaller traders like me will lose a lot of flexibility if unable to trade leveraged/inverse funds.
Fidelity already shows comprehensive warnings about trading
FINRA -should not limit my choose to invest in leveraged and inverse funds. With inverse funds I can still manage to potentially make gains in an IRA account as I cant short in this type of account. If you limit this I can only go down. I have a collage degree and understand the risk associated with any type of trading or investment. I have gone to school for trading and am doing what I love to
Comments: 1. I agree that while allowing investors to trade Options, they need to understand the product well. This can be ensured by (a) looking at their qualifications and /or experience in Finance; (b) if (a) is not satisfactory, then look at their tranck record of trading options to see if they have made 75% or even up to 90% losses; if so, they need to undergo educational guidance before
FINRA Vice Chair Luparello Remarks From the FSI Advocacy Summit
Joseph H. Phoenix [REDACTED] May 3, 2022 Re:Comments FINRA Notice March 8, 2022 Dear Financial Industry Regulatory Authority (FINRA): It is my understanding that FINRA has proposed regulations in its notice dated March 8, 2022 that will make it less easy to buy and sell leveraged and inverse electronically traded funds. I trade with major brokerage houses. I buy and sell leveraged and inverse
