Effective February 1, 2008, FINRA is expanding the class of entities permitted to use the delta hedging exemption to include other broker-dealers and certain financial institutions. NASD Rule 2860, as amended, is set forth in Attachment A to this Notice.
Dear Sir or Madam, In short, please allow continued use of leveraged products, as available with providers such as Proshares. The risks are adequately addressed in required prospectus and I believe they serve a worthy hedge option to public investors. I support their continued availability. Thank you. Best, James Liggett
Dear FINRA;
Please do not add 'nanny state' type restrictions on inverse and leveraged ETF's. As an investor, I need access to a variety of investment options, including long and short leveraged ETF's.
The introduction of onerous restrictions on investing in these types of funds would not serve the public interest.
It is important for retail investors to have trading options that do not require trading options. That is a bit of a play on words, but I hope you get the drift. I don't want to trade options but I do want to be able to invest in ETFs that short the market. It is an essential part of my investment portfolio.
The stock market is in a difficult situation now because of war and inflation. After May 4th, the stock market is expected to rise in the short term. There have been many difficulties this year, but I think it will recover a lot.I oppose restrictions on my right to invest in public investments.
Investing in Proshares is easier and less riskier than individual stocks that are easily manipulated by Wall Street algorithms. In case regulators seriously want to protect investors, then abolish shorting activity from stocks and market so this casino activity triggered by Wall Street can be stopped.
FINRA and the sec are only here to protect large investors to become richer. This rule change and the fact that the sec approved a futures but not spot etf, enabling shorts is proof of that. This is why crypto is so important. It takes the power away from these corrupt officials and gives it back to the individual.
Short selling is been used in a malicious way to hurt the retail investors and please must be stopped. Younger generations losing trust in the stock market is growing and in the long run will affect the overall and trust in our economy. Thank you!!
We need to see what is going on. The short selling in dark pools. This is not a fair market. T2 is a joke. It should be same day. Hedge funds need to show there hand. So we all can be on the same playing field.
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EXECUTIVE SUMMARY
As previously reported in Notice To Members 88-104, the NASD, beginning February 12, 1989, will require its members to respond to requests for trading data using an automated format. The format is consistent
