I use leveraged and inverse ETFs as short term investments and its important to allow retail investors the same flexibility to trade in rising and falling markets as hedge funds. I understand the risk/reward profile of these and would be devastated if the option were taken away from me just because Im a retail investor.
These regulations should have been in place 30 years ago. It is absurd to me that it took the public gaining awareness of short manipulation, and planned bankruptcy of many great companies by Hedge Funds to even get this on the table.
All short positions SHOULD BE disclosed. Any stock lending should be subject to daily reports. Keeping the data hidden hurts retail investors, as the price is being affected by things they are unable to see.
I am against the passage of Proposed Rule #S7-24-15. I have found leveraged and inverse ETF's easy to understand and trade. The risk involved in high beta stocks can be higher. I prefer to trade long in lieu of short selling and puts. Inverse EFT's are my vehicle for being long but bearish.
I use leveraged and inverse ETF to hedge my positions in stocks and also to increase or decrease my long and short positions.I also take a position in the ETF when i want a position in a stock index and not an individual stock.These are easy and simple to understand and use and are a big help to small investors.Keep the system as it is working!.
Best Execution
Direct Market Access Controls
Short Sales
FINRA has delayed the implementation of the bandwidth increase rate for the Trade Data Dissemination Service 2.1 (TDDS 2.1) vendor feed. The bandwidth is scheduled to increase from 2,500 kilobits per second (Kbps) to 3,000 kilobits per second (Kbps).
The original date for this implementation was July 24, 2023. FINRA has also cancelled the June 10, 2023 User Acceptance Test. FINRA will issue new
Comments: Please do not limit access to retail individual investors nor materially change the current structure of these funds. I use these funds both with short- and mid-term focus as a swing trade investor, and these funds have become a key strategic element to my brokerage trading strategy complementing long-term holding strategies.
Dear Sir or Madam
I have responsibly used leveraged and inverse funds for > 5 years. I know exactly what they are and how they function. I strongly resist having to go through any special process, test, special limitations or any restrictions on my ability to purchase, sell short or otherwise trade these securities.
I am firmly against the proposed changes to limit access to and actions on leveraged and inverse funds. For myself and others like me, they are a legitimate, useful, and profitable investing vehicle that form a significant portion of my short term investing strategy. Respectfully, I am asking that you do not over regulate where it is not needed.
