While you may disguise removing the right to trade leverage and inverse funds as a way to help the retail investor, we both know thats not the truth. The average person does not have the resources to qualify under the proposed restrictions to trade these securities. Look out for the people, not the elite.
Pro Shares are an extremely important part of my investment and trading activity. It should be my decision on what leverage I want to use to either protect my overall portfolio or enhance my returns. It is not up to you as BIG BROTHER to prevent me from trading with these useful tools.
Extra information,warnings, limits and trading advice could be given before any purchases in 2x and 3x etfs for new traders who have not used this product before...however no restrictions should be necessary for persons who have held or traded these products for 3 months or longer ....they have experienced the downfalls...
There is no need for any additional regulation on these funds. The risk is spelled out on the prospectus. These products give the average investor the ability to trade the indexes, either long or short, in a reasonably priced fund, as opposed to trading the DIA at 338.00 per share. Level the playing field, not the other way around.
(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
I believe that the complexity of Leveraged ETFs is correctly matched with the current required notice and acknowledgement. Further restrictions on these products are very likely to be unfair to everyday Americans. Retail investors can and should be able to choose the level of risk and volatility that matches their investment knowledge and interest without needing to be already experienced or
I am in favor of keeping of leverage ETS, margins are adjusted for leverage; there are agreements investors signs before trading leverage ETF , the agreement explains the clearly key risks involved , potential losses and it is an instrument suitable for short term trading only. i am not why this comes up every now and then
Comments: I like to use these leveraged products for short duration trades in an efforts to enhance returns of my core portfolio. I also use leveraged inverse funds to hedge my long positions and I prefer it to shorting or buying puts.
Please do not change or restrict my ability to trade them.
I am an experienced trader who was a series 7 rep on Wall St. I understand leveraged funds and am completely comfortable trading them. They are important to my overall investment strategy, and it would be harmful to me financially if I were not allowed to trade them. Please do not place any restrictions on them.
