Hi there, I oppose the proposed regulatory enhancements. I especially disagree with tying the ability to trade or invest in leveraged ETFs (or other "complex funds") to net worth. Nothing about having a high net worth guarantees a better understanding of complex funds. Someone with a small portfolio is capable of doing their due diligence before investing in or trading complex funds. I
There currently is already a process at some brokerages that involves signing a special form to enable trading of L&I ETFs. There is no need to go beyond this. This issue needs to be treated consistently with margin trading: both are a form of leverage. The level of effort/disclosure for both should be similar.
FINRA Reminds Firms of Their Trade Reporting Obligations Relating to Customer Sales of Low-Value OTC Equity Securities
I am against additional regulation to restrict my access to public investments. Leveraged and inverse funds allow for an important option for me to invest. I review and analyze the risks/reward ratio prior to investment. I follow the funds with "paper trading" prior to making actual trades.
<p>A partnership registering as a broker/dealer, which will be trading only for its own account, has no customers for purposes of Rule 2330(f).</p>
The government should not restrict trades on any leveraged funds including Pro shares. They should be traded like any mutual funds or ETFs to be fair. I do not believe that the risk from any leveraged funds are more riskier than mutual funds or ETFs.
I am well aware of the risks involved in trading leveraged and inverse ETFs.
PLEASE NOTE: I am staunchly OPPOSED to the US Government attempting to stifle or restrict in any way the availability of these financial products for the general public via retail trading platforms or otherwise.
Anyone that has a brokerage account should be able to buy and sell any public traded stock or etf. It is up to the investor to evaluate the risk not up to regulatory groups. Please continue to allow personal trading as a person sees fit to do for their own situations.
Placing limit orders in ECNs that comply with the ECN Display Alternative under the SEC's Order Handling Rules in order to affect the price of transactions effected through POSIT may constitute market manipulation in violation of the antifraud provisions of the securities laws and NASD rules.
Placing limit orders in ECNs that comply with the ECN Display Alternative under the SEC's Order Handling Rules in order to affect the price of transactions effected through POSIT may constitute market manipulation in violation of the antifraud provisions of the securities laws and NASD rules.
