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.
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.
I have used leveraged and inverse funds for years without problems. I can understand the desire to provide increased protection for the retail investor, but that could be handled by using the existing system of trading levels that brokerage houses use to limit trading in options and futures. I would think that it would be appropriate to require investors desiring to purchase these ETFs to be at
I think I should have the right to select my investment in public securities. They should be available to everyone,not just the elite. Im quite capable of understanding the risks involved and use these instruments in my investment strategies. In fact Ive made a nice profit using leveraged and inverse funds and ETFs. They have also allowed me to hedge my investments and saved me money. They are
On December 5, 2022, FINRA will re- platform the OTC Reporting Facility (ORF) to a new Linux-based operating system. This will include Trade Data Dissemination Service (TDDS) protocol changes FINRA previously announced.
A TDDS parallel production test period will run from Monday, November 7, 2022, through Friday, December 2, 2022. During this period both TDDS 2.0 multicast and TDDS 2.1
I believe I should have the right to trade equities as I see fit. If I lose money so be it that was my choice and I am responsible for my choices and their outcomes. However, I do not believe that someone has the right to determine what is in my best interest and restrict said trading on my behalf. I have a degree in economics and have the skills required to make those choices myself. If I were
Im not certain about the rationale behind your proposed limitation of trading leveraged exchange traded funds.
People can open options accounts and lose money very quickly. And these accounts exemplify confusion. Condors, straddles, bow ties, synthetic buys, etc.
People can open futures account and lose money very quickly.
People can open Forex accounts and lose money extremely quickly.
People
Sir or Madam,
I would like to object to the possible new regulations concerning under what circumstances some investors may be prevented or limited from trading leveraged and inverse ETFs. Specifically:
Pass a regulator-imposed test of your specialized investment knowledge
Demonstrate a high net worth
Get special approval from your broker
Attest to reading certain materials
Go through
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
It is invaluable that you continue to allow access to asset trading of crypto currency futures etfs and frankly any asset available to professional traders. By restricting trading of these assets to high net worth individuals you continue to promote a society where the wealthy have more opportunities for wealth growth than the average person. You may deem that it's better for average
