Dear FINRA,
It is heart-breaking to hear that you are considering to restrict retail investors to trade leveraged ETFs. I strongly object any limitation that might be applied on trading leverage ETFs.
It is my personal right to use the financial instrument that I choose to invest my own money. The leverage should be available to all of the public, not just the rich and privileged. Any restriction
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“Commission”) a proposed rule change to amend FINRA Rule 7620A (FINRA/Nasdaq Trade Reporting Facility Reporting Fees) to modify the query fee applicable to non-retail participants that use the FINRA/Nasdaq Trade Reporting Facility Carteret (the “FINRA/Nasdaq TRF Carteret”) and the FINRA/
I oppose changes that would require additional steps to be taken by investors before certain leveraged and inverse ETF's could be traded. These changes are not needed and interfere with the free market. I and other investors are fully capable of researching and understanding investment vehicles. Placing restrictions on such vehicles would not increase knowledge. These leveraged and
Please do now impose on our/my ability to use leverged and/or inverse funds. These play important role in my investment strategies and some of us are unable to trade futures, so they are the only entity we have to trade in a leveraged fashion. I understand the risk involved and a believe that most that do trade inverse and leveraged funds also have that understanding. I'm sure some don
I have been trading TQQQ and UPRO for over 9 years. It would be ridiculous to eliminate this ability or require additional proof of my abilities. My successful strategy has ensured I have made 100% of my trades for a gain. I have made many hundreds of trades in these funds over the years. Please do not change my access. I currently have nearly 30,000 shares of these funds and do not want to
I trade the leveraged funds, like I would trade options trading. I am allowed to do that, then why not this. Also if I am not allowed to buy, what will I do with all my holdings which amount to more than 1000,000 USD when I will not be able to sell them either. This is not legal. You will need to put these regulations in place only after giving enough notice for unwinding my positions. This will
I have been invested and successfully trading leveraged funds for 24 years. Trading leveraged funds provided me the income to retire early, I am now disabled and no longer able to work, taking away my ability to trade leveraged funds would take away my ability to support myself. The worst thing that could happen is preventing my ability to buy leveraged funds when the market is down, preventing
(a) Members that effect secondary market transactions otherwise than on an exchange in exchange-traded managed fund shares or "NextShares," as defined under Nasdaq Rule 5745, must report such transactions to a FINRA/Nasdaq Trade Reporting Facility or the Alternative Display Facility in accordance with this Rule and the rules applicable to the trade reporting facility used by the
Comments: Im a retail investor who takes responsibility and ownership of my trading and investing activities.
Leveraged and inverse products are useful trading vehicles for retail investors who dont have easy access to short selling, swaps, or other forms of leverage.
The products are easy to understand for anyone who takes the time to read the fund prospective and objectives.
I feel that FINRA
I am writing as a humble retail investor. Recent events and research have demonstrated that the entire securities market is built around big players taking money directly from retail investors and legitimate corporations who have zero recourse. The current system for reporting short sales is laughably ineffective. It is completely obscured from retail traders, intentionally preventing free trade
