- My broker already has established adequate risk assessment, risk level determination, and trade warnings / education that allow me to trade options, inverse and leveraged etfs/funds/etns, etc. - I – not regulators – should be able to choose the public investments that are right for me. - Public investments should be available to all of the public, not just the privileged.
Ive been investing for almost a decade. I understand the risk of using leveraged and inverse ETFs. I am making the choice to trade them with the understanding that I can lose a lot of capital but I should be allowed to make my own decision. Cigarettes and alcohol are far riskier than trading stocks, but theyre still bought and sold.
Executive SummaryOn October 1, 2004, the Securities and Exchange Commission (SEC or Commission) approved an NASD rule filing amending the Trading Activity Fee (TAF) to reduce the TAF rate for covered equity securities, reduce the maximum per trade charge on covered equity securities, and assess the TAF on corporate debt securities that, under the Trade Reporting and Compliance Engine (TRACE)
Dear Sir or Madam,
I am sending this email in support of retaining the right and ability to invest in leveraged and inverse funds.
No one should enforce limitations to our trading capabilities in such ETFs. I should not be submitted to any testing or financial stratification before I am able to proceed with such trades.
Please update me regarding the progress of this issue.
I an a average Joe Trader and Have been trading for over 40 years. I don't need the government telling me what I can or cannot trade. the governments job is to keep things fair for everyone also make sure the the average trader has the same data and info as the professional traders.
Thank you for your time
To whom it may concern,
The ability to freely trade with inverse and leveraged ETFs allows me to maintain an active trading portfolio without relying on the volatility of individual stocks. Therefore, if you remove the right of U.S. Citizens to invest in the funds they deem appropriate, they may be left to invest in ways that a bureaucracy feels is safe, but that is not really that safe.
I regularly enjoy being able to trade in leveraged funds as a limited part of my investment strategies. I am able to afford risks associated with such trading and find the existing information and warnings supplied by Fidelity Investments more than sufficient to keep me aware of such risks. Please do not further restrict my use of such funds.
I feel like the integrity of the stock market is being lost on a generation because of these constant market collapses and violations with zero accountability. It looks like obvious market manipulation if a company is allowed control how trades flow. They are able to reset timers on FTDs and trade +50% of the volume in a market I have zero visibility into. 1. FTDs need to be enforced without any
It is important that traders and investors alike are allowed to trade funds without restrictions as we have been. We all take it upon ourselves to invest our resources and shouldn't have to pass any new imposing new rules to do so.
Any rules should be made at the beginning and not after a fund is already trading.
I am opposed to any move by FINRA to limit my ability to purchase, hold, and sell leveraged or inverse funds such as the ProShares UltraPro QQQ ETF listed on NASDAQ as TQQQ among many others. I have found that trading leveraged ETFs such as TQQQ is much easier (and more profitable) for me than trading options on QQQ.
