I have been trading 3X ETFs for over 12 years. One should have the prerogative to trade as one wants. There are many other risker investing besides 3X such as penny stocks, options, futures etc leave 3X investing to the investor!
I strongly oppose restrictions on my trading accounts. Why would you do this? I have been trading these vehicles for years. You may well be opening yourselves up to class action lawsuits.You would be interfering with peoples ability to earn a living.
I don't think you should forbid everyone to trade leveraged and inverted ETFs, With some qualification such as 10 years experience and certain net worth, such as net $1000000 in investment assets, those people should be able to qualify to trade those vehicles.
I am deeply concerned about the possibility that my trading rights will be limited by a new set of regulations They will deeply impact my ability to earn a living and limit the tax revenue that you would gain from my 20 plus years of trading.
Trading inverse funds or leveraged funds has pros and cons and is a staple in a traders portfolio to hedge correctly in times of high volatility. These are high risk funds which carry plenty of risk to traders already. There is no reason to ban the trading for non regulators.
I have been trading leveraged elf's for several years and do not need any oversight or extra steps to be able to trade. I am executing a good portfolio strategy and do not need any additional oversight. Please stay out of my business.
Hello- I really want to keep the ability to buy leveraged and inverse funds as these are very good tools to hedge an overall portofolio,especially in these volatile times. Please keep our ability to continue to trade these tools and give the smaller investors these crucial trading rights.
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.
(a) When and How Transactions are Reported(1) Trade Reporting Facility Participants shall, as soon as practicable but no later than 10 seconds after execution, transmit to the FINRA/NYSE Trade Reporting Facility or, if the FINRA/NYSE Trade Reporting Facility is unavailable due to system or transmission failure, by telephone to the FINRA/NYSE TRF Operations Department, last sale reports of
<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>
