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.
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 routinely hold and trade leveraged ETFs and I know what my risk tolerance and objectives are for these investments. I do not see any need to add additional layers of rules or regulations to my trading strategy. Please do not impose additional requirements that will make supporting my family more difficult.
Leveraged funds are better than buying stocks on margin. I understand the risks and shouldn't be punished. Additionally, having leveraged funds acts as a hedge against some trades. If you want to police the market, ban options trading which is far more intricate and can empty an account in hours.
To restrict small investors from trading is a crime in itself. As a disabled veteran, I would be greatly shamed to see these actions go through and see millions of people in my salary scale be unable to invest in Proshares products. Please do not do this, Let Americans trade at their own discretion. I (and my fellow investors) are more than capable of understanding how leveraged/inverse funds
The FINRA Test Facility (NTF) will be unavailable all day Monday, May 15, 2023. NTF availability will resume on May 16, 2023.
Production systems are unaffected by this event.
Please contact FINRA Product Management or call (866) 899-2107 with questions regarding this notice.
I am a retail investor and have been trading various of these “complex” products for well over a decade (leveraged/inverse ETF’s and options). I find the premise of this Regulatory notice to be highly suspect – that retail investors are not sophisticated enough to be able to trade these PUBLIC instruments and should have sufficiently high impediments put in place to discourage or bar their use (
Comments: Please allow average investors like me to trade on the "complex products" - including leveraged and inverse funds (L&I Funds). Today 4/29/2022, Amazon trades down about 13% or -$386.93 @ $2505.00, which is a bigger swing than the TECS or SQQQ. Which one is a bigger risk?
I've been trading leveraged and inverse funds for a couple years now and they are critically important for my trading plan. I realize the risks and fully own them, but they are absolutely necessary for my future plans. I believe as a free American citizen it should be by right to make such financial decisions for myself and not regulators.
(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,
