Comments:IF it ins't broke don't fix it. I am 77 and invest solely in inverse leveraged ETFS. What are the alternatives? Puts where I can lose all my money in a matter of hours or a short sale where I face unlimited losses?If I can't invest in inverse leveraged ETFS, then no one should and you can just make them extinct. My guess is Wall Street has a poor record of recommendations
Leveraged ETFs and inverse ETFs give individual investors reliable tools with which to hedge against market downturns. The leverage on the short side for inverse ETFs allows them to hold a smaller position against existing longer-term holdings as a hedge in the same manner that professionals use futures to achieve the same goal. On the long side, they allow investors to participate in market
Hi FINRA Committee Members, I don't believe it is fair that you are trying to regulate leveraged and inverse funds. I understand the risks in using them, and have used them successfully in the past. I find them to be easier trading vehicles than using options and I use them as a way to keep my portfolio hedged and to play short term swing trades during uncertain times. If others don't
Short Interest reporting AND ENFORCEMENT needs to improved at multiple levels. No hedge fund or investor should be given an excuse to hide what they are doing or to delay reporting or masking it in creative work arounds. 21-19 is a vast improvement. As a retail trader for decades >40 years. It’s about time more reporting and penalties for institutions and investment funds are ratcheted up
Given the significant damage Short Interest can have on a smaller company, I am eager to have better reporting tools to help these smaller companies protect themselves from the aggressive larger players in the economy. Having bad data is the last help being given to these large hedgefunds, so we request frequent accurate data to better level the playing field for all investors rich or poor. The
NASD would like to remind members of their obligation to file the appropriate FOCUS reports, Schedule I filings, Annual Audits, Customer Complaints and Short Interest reports by their due dates.
21-19 is a step in the right direction. That being said, IT IS NOT ENOUGH! Far more must be done to expose the corrupt practices utilized by bad actors in the market place. Yes I mean selling shares that do not exist case in point AMC! WITH APPROXIMATLY OVER 1 BILLION SHARES SOLD SHORT! LOOK INTO IT! CITIBANK HOLDS 510 MILLION SHARES FOR FORIEN INVESTORS ALONE. yes do implement the 2119 rule
I am opposed to adoption of Rule #22-08. I am not a big time investor, but I invest consistently and I think wisely using Proshares leveraged ETFs among others. I understand the long term risk of investing in these ETFs and usually do so for the very short term, I believe my participation makes for a more liquid market which I believe is the reason this country operates a capitalistic system, In
It’s sad to see laws being broken and nothing being done to bring justice to the people being taken for granted and used. Billionaires should not be allowed to get away with this kind of nonsense theft. Where is the rule of law? Allowing this type of theft is slowly unraveling our society and has very dangerous implications. Companies are going bankrupt due to companies like citadel shorting
I have been trading in Leveraged and Inverse ETFs (TQQQ, SQQQ, and similar instruments for DOW and S&P500) for over 3 years. I use these instruments as part of my overall investment strategy to hedge and smooth my investment returns, but they only represent a small fraction (1-2%) of my total portfolio. I do not believe that any special knowledge is required to buy/sell these
