Hello,
Please do not take away my ability to continue holding TQQQ as an investment. I have allocated a portion of my portfolio to holding TQQQ long-term. I am OK with a short test requirement to make sure people know what they're doing with leveraged ETFs like TQQQ. People shouldn't take on risks they don't understand. But please do not take away my ability to
In regards to the Regulatory Notice 22-08.
I am a retail investor and have been using both long and short leveraged ETFs sense 2009 without issues or concerns of their operation or behavior. I use them to enhance market performance on the up side and to reduce risk when I see the market pulling back.
I would hope to continue using the funds long into the future and would be disappointed if they
IMPORTANT
TO: All NASD Members and Other Interested Persons
In November 1984, the SEC approved, by a split vote, the NASD's longstanding petition that the Commission amend its rule governing the qualifications for companies seeking inclusion in the NASDAQ National Market System.
This landmark decision which, in essence, substitutes qualitative standards for market activity criteria, made an
We, the US investing public, need the ability to "short" stock market indices, equity sectors, currencies & commodities, just as the institutions do, to hedge our portfolios and protect the downside in our investment accounts. To not be able to do so would punish the "little guy" and provide all the benefit to the big institutions. We individual investors are acutely
I understand the concern over novice investors utilizing securities they no little or nothing about. The same could be said for novice equity investors - do they understand the companies they are buying? I oppose any further regulation on my right to invest in public investments. Leveraged ETFs are an important tool to use in hedging equity portfolios and for those of us managing retirement funds
I understand the value of short selling. I understand it is a mechanism to root out unsavory characters that may be using subversive tactics to artificially prop up a stock/ security, however I do not understand why, in 2021 we as retail investors do not have access to the same information at the same time as institutional investors? how is that a free market? again its 2021 and we have internet
SEC Rule 606(a) requires broker-dealers that route equity and option orders on behalf of customers to prepare quarterly reports that disclose specific information about their order routing practices for non-directed orders in NMS stocks and NMS securities that are options contracts. The reports are published as PDFs and XML files for each calendar quarter. Data is collected from firms at the end
There is a lot of "considerating" in the text above. The main point is transparency here and he need for more regular reporting. we are living in the digital era; there should be reporting of short positions every day or at the bare minimum every other day. A week is still too long to wait. Retails positions are known and not hidden.
Every share should be tracked with unique identifier. Every share should be located and lent only once. Every order should be delivered T+2 or fails mean 10x cost penalty and trading permission halted until delivered. Every short position should be updated with FINRA daily and publicly available.
I strongly support stricter reporting requirements on short positions held by market makers and prime brokerages. It is increasingly necessary that FTD information be presented to the public as a way of not only limiting abuse of the FTD system, but also to reveal obfuscated information that is not readily available to the market and is often times concealed or miscategorized in reporting.
