Whether you need to report a gain or can claim a loss after you sell an investment depends on its cost basis. Learn the basics about how to calculate an investment’s cost basis, understand the tax consequences, and what to report to the IRS.
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Executive Summary
On April 18, 1997, the National Association of Securities Dealers, Inc. (NASD®) proposed to the Securitiesand Exchange Commission (SEC or Commission) SR-NASD- 97-28, a rule filing containing
Do not take away my right to invest in leveraged ETFS. if you want to protect investors focus on naked short selling, corrupt analysts that publish bogus information, and large brokerages who manipulate stock prices.
I do not agree with limiting these leveraged investments the prospectuses information fully appraise the risk I have owned them for 10 years and they are the most profitable investments I have had by far so I do not believe that regulating them is necessary
I should be allowed to invest in what I want to. I am capable of reading prospectuses and am capable of making informed investment decisions. I would vote against such a regulation that would restrict my ability to trade inverse or leveraged funds.
Please do not impose new regulations on my portfolio that includes a manageable percentage of leveraged funds such as SSO. Im very capable of using research to make informed decisions for my investments and I appreciate the freedom to do so!
I hear the government is trying to find our how much our investments are. As long as we are paying our taxes, that information should be kept to ourselves. Please reconsider this law. It could affect your families in future generations.
I, but not regulators, should have the choice in how I spend my hard earned money. If regulators are concerned about misinformed choices, they could simply inform the public about the products they are buying instead of restricting their access to the leveraged funds.
Comments: Please do not limit our ability to buy and sell inverse and leveraged ETFs. They are not that complicated and the warning notices that come up before any purchase is quite detailed and informative to anyone who does not understand these products.
Assure information is provided so I can make a decision. I dont need you deciding for me and telling me what I can or cannot do and then tell me its for my safety; in doing so you are overstepping.
