I am opposed to further regulations to restrict or disqualify me from trading L&I Funds. I am aware of the high risk and short term volatility to valuations of these funds and the need for daily if not hourly monitoring and evaluation.
My brokerage firm, Fidelity, already provides a popup warning statement for me on these funds and it has been effective in causing second thoughts and
I have found leveraged and inverse ETFs to be extremely valuable in managing the risk in my personal portfolio without having to try to do so by shorting stocks, which carries significantly more risk. There are plenty of warnings and disclaimers when buying these securities, or even reviewing them, to alert investors of the risks. It would be detrimental to my investment strategy if access 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
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
On January 1, 1988, the options regulators will install a revised ROP qualification examination on the PLATO testing network. The revised examination will be expanded to include index, interest rate, and foreign currency option questions. A revised Series 4 study outline incorporating the new material will be available shortly.
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
NASD has taken disciplinary actions against the following firms and individuals for violations of NASD rules; federal securities laws, rules, and regulations; and the rules of the Municipal Securities Rulemaking Board (MSRB).
Decimalization Testing
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Registered Representatives
Senior Management
Technology
Trading and Market Making
Decimalization
Executive Summary
Term
Description
Exceptions Periods
Date of all listed options position, as reported.
Total Number of Exceptions
Total number of issues reported during the period.
Large Options Positions Reported (LOPR) - Listed Detail Data
Term
Description
Position Date
The position date
<p>NASD Rules 6950-6957 (OATS)</p>Clarification of application of the OATS rules.
