STOP THIS INSANITY! DO NOT PREVENT ME FROM TRADING EFTs! It's hard to believe that another agency is again wanting to control/restrict me, telling me how and what to trade. I am 64 years old, have been trading stocks since 1998 (24 years now). I am the only one that should be deciding on the risk of whatever stock or ETF that I (not FINRA) am going to invest in. I am abundantly capable of
FINRA is publishing its quarterly OTCBB/OTC Equities High Price Dissemination List for the third quarter of 2020. This updated list of OTC equity securities eligible for trade report dissemination for trades of fewer than 100 shares is effective as of December 21, 2020. To view changes, visit the Daily List: Security Attribute Changes page, select the “Unit of Trades” filter and enter December 18
I do not support restrictions on peoples freedom to invest. While perhaps the intentions are good it is a slippery slope to start restricting trading on certain investments, such as leveraged and inverse trading vehicles. While these funds may indeed have higher risk, so do many individual stocks. Not all companies and their corresponding stocks are equal, people make investment choices all
I am a private trader/investor. I have been using inverse and leveraged vehicles for many years in addition to more traditional vehicles. I have both made and lost a huge (for me) amount of money in them, but with time and trading experience I have been able to learn to trade them correctly greatly to my advantage. My issue with the proposed regulations is that the present regulatory attempts I
I have held and trade the leveraged Proshares such as TQQQ and UPRO since 2009. They have been important investment vehicle for me and my family. To restrict my right to trade such ETFs is going to great harm to my financial well being. I urge the regulators not to restrict my right to trade these ETFs.
Dear FINRA Regulators, Trading leveraged and inverse ETFs is far less risky than trading options, which only require a special signature with your broker. So why over-regulate these valuable products? There is a large market for these leveraged ETFs, and their accessibility is precisely what makes them more desirable than options. An investor will not trade leveraged ETFs if he is not comfortable
Hi. I understand your concerns. But I believe that using criteria such as tests or high net worth to determine who is eligible to trade securities that are deemed "complex", such as leveraged ETFs, is unnecessary and can actually do more harm than good to my long-term financial security.
I can assure you that I am an active trader and that I know what I'm doing. I am
Dear Sirs,
I have been investing in leveraged securities since 1979 and have never had a margin call. For 20 years, I traded commodities on the Chicago Futures Exchange and held a full-time job as a construction Teamster. I counsel people to not do that. I just wish to make the point that I know how to safely handle leverage, and don't need a hand-holder. I do my own research, having
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend Rule 6732 to provide FINRA with authority to, subject to conditions, exempt transactions by a member alternative trading system (“ATS”) that meet specified criteria from the transaction reporting obligations of FINRA Rule 6730 (
I strongly object to ANY regulation change affecting my personal choice to trade any/all market vehicles including leveraged funds. I DO understand leveraged fund risk, these funds along with risk also provide opportunity I rely upon. I see new requirements such as forced testing as an infringement on my U.S. FREEDOMS, Freedom of Expression, Freedom of Chance, Freedom of Action. MY individual
