Regulators should not choose what investors or traders can put their money to work. I have traded in inverse and leveraged ETFs and that is my choice and my risk. These vehicles are an important part of a trader's tools. Do not screw this up by denying traders the ability to trade these vehicle.
I oppose any restrictions on my ability to trade any type of security including leveraged and inverse funds. I use leveraged and inverse funds to protect my portfolio especially during volatile times. Please do NOT restrict my ability to trade these financial instruments.
Dark pool money should be illegal. Hedge funds and MM's manipulate stock prices up or down by selectively routing purchases or sales of stock, at their discretion through dark pool funds that goes against all principles of free and fair trading practices. Some say, "well it used to be worse back in the day when all trades were on the floor of the exchanges, and with the advent of
The Product Suitability section of the 2017 Report on Exam Findings informs member firms’ compliance programs by describing recent findings and observations from FINRA’s examinations, and, in certain cases, also providing a summary of effective practices.
More frequent reporting of short positions, eg weekly. Positions, trade date (open), trade date (closed), holder. Optional price and positions without showing holder.
(a) If an ADF Trading Center exceeds its Certified Peak Transaction Volume in one or more categories on one or more days in a given calendar month, the following excess capacity usage fees will apply:
Level
Percentage Exceeded
1 – 2 days
3 – 5 days
6 – 10 days
>10 days
1
<25%
N/A
$250
$500
$750
2
25% – <50%
$250
$500
$750
$1,
I am perfectly capable of trading inverse and leveraged funds, because I manage my portfolio and find them useful in making money. They are no more dangerous than call or put options.
I should not have to go through another bureaucratic process to trade my own account.
It is up to the individual to manage their risk. The regulation of publicly traded ETF is simply arrogant. Also, limiting leveraged ETFs will only push traders to more risky option contracts. It seems that the requirements to trade leveraged ETFs favors the rich and powerful and limits the capability of the retail trader...unbelievable.
I have been trading leveraged ETNs and ETFs for years and are a major part of my trading strategy. I do not have I high net worth and this proposal would bar me from performing these transactions.
I strongly implore you to reject additional regulations on "complex" investment opportunities.
i regularly use both inverse and leveraged funds in my trading. I use these to generate supplemental income using a covered call strategy. These two types of funds provide me with the flexibility to trade regardless of market conditions. Removal of these would certainly harm my income generation.
