It is in the best interest of all participants invested in the stock market to have potentially influential information when making important, calculated, and delicate financial decisions. With additions made to FINRA's short sale reporting program, specifically the procedures as instructed by Rule 4560, a gob of data can capture the eyes of all investors to help make better informed
The problems are numerous first of all the dark pools account for 60% of transactions that way price doesn't go up when people buy. Also short positions never have to cover because they hide them in deep in the money options and just kick the can down the road. You can see examples with stocks fail to deliver and being on the threshold list - it matters not they never cover and get away with
I am more than capable of choosing the publicly traded investment that are appropriate for me.
There is an abundance of easily available information on markets and the economy via the internet so that any reasonable adult can make adequate decisions on publicly traded investment funds, including leveraged ETF's.
Investing in ETF's, including leveraged funds is no riskier (and in
it would be a huge mistake to eliminate or limit purchase of leveraged or inverse funds. I use them to limit the downside of my bond and stock holdings. Without it , no question, volatility would increase & an important tool taken away from the public. Complex investments can use more education & disclosure from ISSUERS; but certainly not the proposed investment knowledge
Regarding Regulatory Notice #22-08:
I am very much AGAINST the proposal to remove or restrict my access to tools that I use to maintain and enhance my financial security such as leveraged and inverse ETFs.
The fund families and brokerage houses themselves do a very good job of explaining the risks of these products. I have relied on these tools for years in conjunction with volatility-based
Sec. 8.1 FINRA shall be the sole stockholder of the capital stock of FINRA Dispute Resolution.
Deleted by SR-FINRA-2015-034 eff. Dec. 20, 2015.
Amended by SR-FINRA-2010-007 eff. Aug. 2, 2010.
Adopted by SR-NASD-99-21 eff. July 9, 2000.
Selected Notice: 10-32.
As an individual investor who has managed my own assets for decades, I protest any regulations which will inhibit my investment choices. You must be aware that the stock markets are manipulated from many directions--to the disadvantage of the individual investor. Thus the Buffet advice of just buy SPY and ride it out. However, some of us do notice and invest in trends with special
Comments: Dear Finra ,
I am a 90 year old (young) combat veteran of the Korean War , the stock market wars of the 1960's and '70's' and , for the better part of my working career , NYC taxi-owner driver .
Each situation requires an investment of a sort . My point in this limited space , is , if people don't do "due diligence"
My Dad who was in the Army Air Corp before it was the Air Force in WW2 ,served as selectmen in our Town E.Bridgewater MA, the Treasure of his men's club East Bridgewater Commercial Club and his group of friends that got together and pooled their money to make stock investments once a week would be outraged that this is even being considered since he fought so hard for Freedom 25
Dear Regulators: I have been investing for over 50 years. I have traded stocks, bonds, commodities, futures, options, and currencies. I do not want regulations telling me what I can or cannot invest in. I am responsible for my choices and the resulting consequences. I enjoy researching various instruments; especially leveraged and inverse ETFs. I often use these instruments to increase my returns
