The naked shorting and dark pool abuse that is going on has to stop if you want to call yourself any kind of regulatory agency. It is unthinkable that you allow retail investors to be stolen from by market makers, when it is your job to protect the sanctity of the system itself. Loss of confidence of an ENTIRE GENERATION of investors will likely cripple the US economic system and it will be due
PLEASE do not take away ordinary retail investors' right to trade these products. There is an inherent risk in any investment. People who participate in the market should be able to assess for themselves what level of risk they want to take on. If they don't want the risk, there are plenty of other vehicles to trade. Most importantly, these products are the only way ordinary
I strongly oppose regulators blocking investments such as leveraged ETFs and inverse fund ETFs. These funds serve a valuable investment tool with lower risk than other investment tools such as options and options strategies or even investing is some stocks outright. As a long time investor I am capable of understanding the risk related to leveraged funds and I don't require the
Dear FINRA,
Leveraged ETFs are a relatively new entrants into the stock market, with the first fund being introduced in 2006. These ETFs give retail investors easy access to leverage that does not subject them to margin calls, or expire worthless like an option. Another innovation made possible by Leveraged ETFs, are inverse strategies. By providing investors with the ability to hedge their
I am writing to request that leveraged and inverse finds remain open to average investors. These products do have their own risks and my broker places several warnings before I can make a trade in an inverse or leveraged product. These are meant for short term and day trading only and there are many warnings that they are not intended for long term and you can lose everything if you do. I think
I oppose limits on investing in leveraged instruments. I do so on both the long and short side, and also use options. I understand the risks and limits. If you impair these instruments you will be impairing my ability to generate extra income while hedging long exposure to my portfolio and economic risks (e.g., selling cash covered puts on short ETFs). Please stop impairing open investing, and
Focus your time and energy on stopping NAKED SHORTING INSTEAD!
Regulatory Obligations and Related Considerations
Regulatory Obligations
Reg BI establishes a “best interest” standard of conduct for broker-dealers and associated persons when they make a recommendation to retail customers of any securities transaction or investment strategy involving securities, including recommendations of types of accounts.
Broker-dealers are also required to provide a
If you leave assets untouched and have no contact with the entity holding your accounts for too long, they might be deemed abandoned or unclaimed property. While there are avenues for recovering these assets, there are also preemptive steps you can take to help you avoid this situation.
A free market system is exactly what we need. When I say free market I mean the ability of the retail investor to make their own decisions based on their own personal risk/reward assessment. Retail investors are legal adults who are rational and responsible for their own actions. Retail investors are quite capable of using their own judgement to manage their money. Every responsible adult is
