I have been successfully investing in leveraged ETFs for over 10 years now. I currently hold a significant position in TQQQ with unrealized capital gains that I can't afford to pay taxes on until after I retire. I need the liquidity of of an active options market on this leveraged ETF to be able to sell options against my position in times of excess volatility. I cannot afford to change
The very fabric of America's growth and wealth (much of the wealth is given to almost the whole world) has been based on the ability of the average American Citizen to exercise his/her right to decide what is proper and acceptable for them to do, barring illegal acts under our Constitution and State Laws. The idea that we need someone (a regulator) to oversee our investment choices (
I oppose restrictions to my right to invest. I should be able to choose the public investments, that are right for me and my family. Public investments suould be available to all of the public,not just the privileged. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged and inverse funds.because I am well aware of the
I have invested electronically through Morgan Stanley's ETRADE since it's inception back in 1994. I live in NYC for 34 yrs & know all the public markets well. I have experience in FOREX (25YRS) & the same approximate history within the fixed income, stock & commodities markets. Trade in these US Equity markets is a FUNDAMENTAL AMERICAN CIVIL
Comments: I've been using leveraged ETFs for many years and am well aware of the added risk. My experience is that the risk of the leveraged vehicle is not much different than investing in individual stocks. It is easy find examples of stocks that are far more volatile than the leveraged product. For example, a two year chart of ROKU with TECL would show that the leveraged ETF was a much
Direxion put out a request for investors in their products to comment on this proposed action. I figure it would be better to avoid going through their portal. The consensus seems to be that the proposed action, in its details, would ban most investors from purchasing inverse and leveraged funds. These comments apply to exchange traded inverse and leveraged funds, and not similar products that
I believe that most people who do choose to invest in these funds are aware of the risks and do their own homework before they start investing. While I do believe that offering education on the risks, as well as risk mitigation strategies, would be beneficial for traders, I do not believe that extra layers of bureaucracy and testing will create better or safer traders, and will simply reduce the
I highly disagree with the proposed restrictions regarding "complex" products, which isn't well-defined in the notice write-up. Not only would creating additional barriers and limiting opportunity to retail would have broader implications and negative outcomes for capital markets overall, but it removes the necessary risk management tools in an increasingly complex and evolving
To whom it may concern, I have used leveraged and inverse funds within the past two years in time of high volatility to hedge against my portfolio. If the instruments are taken away from us, and allowed for use for only to special personnel then my right to choose my investments is essentially taken away. I understand that there are risks involved with the use of leveraged and inverse funds,
For Your Information
Decimalization And Qualification Exams
On April 9, 2001, equity securities trading on Nasdaq® will be fully converted to decimals. On that date, test questions on all qualification examinations administered by the NASD® will also be changed to decimals. The purpose of these changes is to conform with the new industry norm. This will not result in substantive changes to the
