GUIDANCE
District Elections
SUGGESTED ROUTING
KEY TOPICS
Executive Representatives
Legal & Compliance
Operations
Registration
Senior Management
District Elections
Executive Summary
The purpose of this Special Notice to Members is to inform
Guidance on Special Purpose Acquisition Companies
2019 and First Quarter of 2020 Report Filing Due Dates: Annual Audit; FOCUS; Form Custody; Supplemental Statement of Income (SSOI); Supplemental Schedule for Derivatives and Other Off-Balance Sheet Items (OBS); and Supplemental Inventory Schedule (SIS)
SUGGESTED ROUTING*
Senior Management
Internal Audit
Operations
Trading
*These are suggested departments only. Others may be appropriate for your firm.
On June 30, 1988, the maximum SOES order size for all NASDAQ National Market System (NASDAQ/NMS) securities was established as follows
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.
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.
