Sirs, I have been made aware of some potential changes in how I might trade equities. I am a retired physician, with no formal training in finance. However, I have trained myself rigorously in order to successfully trade securities and maintain and grow my investments. I rely on many leveraged and inverse funds to hedge my long term investments and manage risk, to acquire income for cost of
SEC Approves Access to Historic TRACE Data and Related Fees
The last time I checked, I was still living in the UNITED STATES of AMERICA ! I have the right to trade in investments of MY choice. I have studied extensively on many forms of investments, such as options, futures, stocks
and ETF's. I am fully aware of the risks that go with leveraged and inverse funds, options , stocks, and futures. I do not need a regulator telling me what I can and
Dear FINRA,
I have successfully used leveraged (3x) ETFs as part of my investment strategy for many years now. They give me a safer way to capture large movements in the market than trading options would.
For example, if you buy a call option on the SPX, that investment could go to zero if you don't time your trade correctly.
However, when buying a 3x leveraged ETF like UPRO, your
FINRA member firms have an obligation to report over-the-counter secondary market transactions in eligible equity and fixed income securities to one or more of the following FINRA trade reporting facilities, TRACE, ORF and ADF. Member firms obtain access to these facilities by completing a FINRA Participation Agreement (FPA) and for members who report via the TRAQS web application by submitting
Regarding TSO- It is irresponsible to allow trading over and above the TSO. This amounts to trading synthetic shares that do not exist and allows market makers to game the system. Not having accurate and timely TSO information and control in a market where brokers have the ability to perform thousands of trades per second is unacceptable and amounts to a failure in duty. On market makers who act
I'm writing to request more transparency, fairness and accountability in our financial markets, as all of us rely on our regulatory entities for that assurance. There are some things that are of particular interest to me: 1. Transparency of Buy/Sell orders in the market as a whole, including but not limited to OTC/ATS off market trading. 2. Information market makers have when it comes to
Do not increase the institutions' and high net worth people's advantages over us small individual investors and traders. I hope you aren't trying to sell this as protection for us!. We already have to compete with servers you allow on the trading room floors so that orders we submit will never be the first in queue. Algorithms and super computers already completely dominate
Dear Sir/Madam, I work as an R&D Engineer, and consider myself a middle class American. I frequently invest in ProShares UltraPro Short QQQ ETF, symbol SQQQ, and ProShares UltraPro QQQ, symbol TQQQ. These funds give me great flexibility in meeting my long term investment goals. I am well informed of exactly what these funds offer, and am able to incorporate them into my investment
I am alarmed and disturbed by the prospect of FINRA regulating investments by blocking or impeding investors' access to them.
Hedging and leveraging with exchange-traded funds are cornerstones of my personal investment strategy. I can't afford to and don't want to invest in the futures market directly, and I don't think options offer a good risk-reward profile
