Putting a capital requirement on freely trading leveraged etfs just adds another barrier to entry for lower income people to enter the stock market. All brokers already clearly state the risks when people trade these products so everyone should be able to determine for themselves whether its right for them. The stock market shouldnt just be a playground for the wealthy it should be for everyone.
Dear Sirs,
In regards to the proposed ban on trading the ProShares funds, which include "inverse" tracking indices, I would like to express my discontent with any regulation that limits my freedom in trading financial instruments. Public investments, including "invers funds", need to be available for the general public to trade, not just privileged people
I do not agree with FINRAs proposed limits that may restrict my access to Leveraged ETFs or disqualify me from trading L&I ETFs or other complex products. I have a strong understanding of the characteristics and risks of L&I Funds, and that their purpose is for short-term active trading, and that they should be monitored regularly. My broker provides me a description of the
Regulators are spending a lot of time informing traders on ways they cant get make money. Its awful to see big name companies and hedge funds find ways to stay rich while regulators focus on stopping retail traders from trading. We dont tell regulators how to do their jobs but we constantly have to hear from then on how we can trade.
I cant believe you would attempt to limit my ability to invest in publically traded funds while allowing the continued manipulation of the market by the computer traded algorithimic front end trading which disadvantages the typical person investing and drives the market incessantly in one direction or the other from pure momentum. Why not reinstate some of the old rules such as the uptick rule
The Contra Executing Firm 20 Minute Compliance report card is a monthly status report that provides information on transactions in which a firm failed, as the Contra Firm to accept / decline / compare trades within 20 minutes after execution, in apparent violation of FINRA Rules 7230A(b) and/or 7330(b). It provides information about the number of trades that were accepted / declined / compared
NASD® has taken disciplinary actions against the following firms and individuals for violations of NASD rules; federal securities laws, rules and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
I M P O R T A N T
Officers * Partners * Proprietors
TO: All NASD Members
The NASDAQ market has over the past several years experienced a sustained period of growth which in many ways is attributable to the use of technologically advanced facilities and systems that have served to enhance the quality of this marketplace. The significant growth and visibility of the NASDAQ market, along with the
Telling investors what is too high risk for them is like telling them they cannot buy anything unless their government ok's it. Every purchase carries risk.....not just certain items traded in the trading system. Just who, has the genius to make those decisions? I've been searching for him/her for 70 years. Still stumbling along by myself, making a good living at it.
I oppose any restrictions that would limit or prevent my ability to trade leveraged or inverse funds as part of my investment and trading strategy. These instruments provide a means to hedge investments in volatile market conditions. Investing in the market in general requires accepting a certain level of risk and I understand the risks associated with leveraged and inverse funds. Therefore, I do
