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?
Summary
FINRA has amended its rules to require firms to report time fields in trade reports submitted to a FINRA equity trade reporting facility (or FINRA Facility)1 using the same timestamp granularity that they use when reporting to the Consolidated Audit Trail (CAT). Once the amendments are effective, firms that report time on CAT order execution events in increments finer than milliseconds
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.
I believe in education, not restriction.
New investors need to fully understand the risks, why it is best to only commit a small fraction of their overall available funds, NEVER go on margin, and never go all-in, and understand how the overall market can seriously affect or influence the outcome of ones leveraged trades.
But I believe that does not mean these ETFs should be restricted which
It is my choice to invest my money. If Congress and the Senate eliminate their ability to trade stocks, options and any other financial instruments. I will gladly give up my right to trade inverse funds.
So lets start there. Let me know when that bill has been passed
Dave
I've been trading and investing for nearly ten years. This is not the first time I've seen proposed restrictions to leverage ETF trading. I'm disappointed to see this coming up again. The last time it appeared was around the same time the crypto market was starting. Given the size, mess, and potential for fraud and chaos that crypto is presenting I find it infuriating
I use leveraged ETFs to hedge a portfolio of stocks owned by my parents. In addition, I trade them for my smaller personal account because I am too fearful to trade futures, and futures options are overly expensive. These ETFs are very useful and I hope you do not place nay restrictions on them.
I would like to choose my own investment strategies without being told how to invest. There is no reason to go through any process to trade something I have traded hundreds of times. Inverse funds and leveraged funds are part of investing and I do t need regulation on something that I completely understand already.
I am against the passage of Proposed Rule #S7-24-15. I have found leveraged and inverse ETF's easy to understand and trade. The risk involved in high beta stocks can be higher. I prefer to trade long in lieu of short selling and puts. Inverse EFT's are my vehicle for being long but bearish.
Dear Sir/Madam, I oppose this regulation as it would limit my ability to trade the ETF which others could trade. It is a clear discrimination between mid level families and rich families. In a country like USA who always believed in the equality MUST not introduce such regulations. Thanks Koshal Garg [REDACTED]
