Restricting public access to downside hedges during a bear market will result in compulsory put option protection and force investors, who you fear aren't capable of managing an inverse ETF, to manage a portfolio of option hedges instead.
You will increase the average investor's risk burden this way, putting otherwise prudent investors in jeopardy.
I use both leveraged ETFs and
<p>Applicability of NASD Rules to registered representatives of subsidiary bank of member broker/dealer.<br/></p>
I do not consider necessary that a client that is investing in complex products (such as a structured note) needs to have an options agreement in place due to the fact that the client is not executing options trades, it is the issuer of the product. Instead I consider that if the client understands the product (risks associated, potential return/loss, rights and limitations, liquidity, etc.) in
Hi,
In my opinion, People should be allowed to choose how they can invest their money to achieve their goals. They are best suited to understand their risk appetite. Putting restrictions on where they can invest and where they can't makes two classes of people, Ones who have the privilege and others who don't. Adding special conditions/processes before they can invest will not
I lodge my comment on FINRA Regulatory Notice #22-08 opposing the proposed action by FINRA. Investors have legitimate risk management reasons for investing in leveraged and inverse funds as part of their retirement or other plans. Personally, I use these funds to mitigate the risk in my bond portfolios to interest rate increases that negatively impact these fixed income valuations. I understand
I should be able to choose the public investments that are right for me and my family. Leveraged investments should be available to all the public not just the privileged. People understand the risks of investing in these ETFs.
I shouldn't have to go through any special process like passing a test before I can invest in public securities like leveraged funds. I am capable of
I own a RIA firm and I use leveraged ETFs for myself and select clients within a globally diversified portfolio. I've gone through a state exam to fully understand what risks should be disclosed to my clients and I've worked extensively to educate my clients on the use and risks of leveraged ETFs. I've effectively used leveraged ETFs and hold them for multi year time
Hi,
I have been an active trader for the last 10 years and have used many trading tools, ranging from simple stocks to complex derivative strategies. Leveraged ETFs/instruments are excellent tools I use to hedge my trades and enhance performance. One of the main reasons these are excellent assets is their ease of access. While they carry more risk (clearly stated with every brokerage platform I
The applicability of Section 40 (Rule 3040) to situations in which a financial plan is delivered to a customer without an execution of a securities transaction.
<p>Clarification of <i>NASD Notice to Members</i>
<i>94-44</i> to situations in which a dually registered person maintains discretionary trading authority, determines portfolio changes, and prepares trade instructions for customer accounts and charges the accounts an asset-based fee.<br/></p>
