SUGGESTED ROUTING
Legal & ComplianceOperationsSystemsTrading
Executive Summary
Effective February 1, 1993, market makers in Nasdaq Small-Cap MarketSM securities had to display size in their quotations of at least 500 shares, unless the issues are priced at $10 or more and trade less than 1,000 shares per day. Those issues will remain at the 100 share-display requirement. The
FINRA Requests Comment on Proposed Amendments to NASD Rule 2340 to Address Values of Unlisted Direct Participation Programs and Real Estate Investment Trusts in Customer Account Statements
New Member Applications
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
New Member Applications
Rule 1013
Rule 1014(a)
Standardized Application Form
Executive Summary
NASD is issuing this Notice to inform
Comments: A leveraged ETF provides an investor to multiply capital short term without the use of margin. I agree it is not for every investor or everyday use. But removing the option limits participation which is wrong.
FINRA Requests Comment on a Revised Proposal to Adopt a Consolidated FINRA Rule Regarding Discretionary Accounts and Transactions
As an individual trying to save for retirement outside of my standard 401k, leveraged products allow me to form a more capital efficient portfolio. I believe more education is the answer, not removing tools.
I'm a regular investor of pro 3 leverage intex etfs i have invested 80% of my capital to etf funds. I believe buy limitation may cause some issues to my portfolio.
Furthering the divide between groups of citizens that are allowed to participate in capital markets and those who aren't will ultimately destroy the markets as it's slowly ripped apart. This is not the way to protect retail investors.
I understand the risk of leveraged ETF/products and use them carefully. They help me get bigger returns with less capital. I should be able to choose what I invest in without having to pass tests.
These funds are a very logical option for retail investors to balance risk and even capitalize on volatility in market cycles like March 2020 and in flight at present. These should not be restricted in terms of retail access.
