You want to keep us from protecting our portfolios in the
coming Bear Market. You know the market has been over inflated by fiscal and monetary authorities, Regulators are not looking out for my best interest.
I am against you implementing your Notice #22-08 because it will prohibit me from buying instruments that go up as interest rates go up. Your notice not allow me to protect my extensive portfolio.
Comments:
This is to inform you that there is no need of enhancements to current rules for Brokerage firms. There is already a warning at Brokerage firms and that is sufficient. We know they are short term and monitor them daily. No change is needed. This is in regards to Leveraged and Inverse ETF's. Please do NOT limit access. I depend upon them!
The gambling of Wall Street must end. The entire world economy is at risk from the gambling of a few bad actors. Company's can be destroyed by dark money pools short selling and pushing down stock prices rather than their ability to perform for its clients and in the market place.
I believe, having once invested in these funds, that they are not useful vehicles for investors. They are trading vehicles and should come with a big notification of such. They do not perform as one night expect and therefore should be closed out. Any trader can accomplish the same by either shorting the index outright or using derivatives.
There is no need for any additional regulation on these funds. The risk is spelled out on the prospectus. These products give the average investor the ability to trade the indexes, either long or short, in a reasonably priced fund, as opposed to trading the DIA at 338.00 per share. Level the playing field, not the other way around.
Best Execution
Direct Market Access Controls
Short Sales
Every share should be tracked with unique identifier. Every share should be located and lent once only. Every order should be delivered T+2 or fails mean 10x cost penalty. Every short position should be updated with FINRA daily.
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. Every short position should be updated with FINRA daily
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. Every short position should be updated with FINRA daily.
