I'm writing in support of allowing continued use of leveraged and inverse etf's. I use these one a frequent basis as an investor. And, as a result pay a higher amount of federal income tax from profits related to trades involving these investments.
I find trading leveraged etfs very easy and it is not confusing at all. Please do not change the way leveraged etfs are bought and sold and don't make it any "safer" by including more steps. Thank you. Larry Warshauer
I have been trading these instruments for clients for many years and it is especially helpful when I use option strategies against positions. Please lift any restrictions as they are just another investment vehicle people can utilize in the market
I am strictly against limitations of trading leveraged or inverse tools. It is a usefull way how to enhance profit or hedging a portfolio. I just want to keep the system running freely as it is currently now. Thank you Ivan Cenov
I oppose restrictions on my right to invest and trade in public investments such as leveraged and inverse funds. I would like to continue to use these vehicles to generate profits as well use them for hedging my open positions. Thank you.
It's my money, I would like to invest however I see fit. Who [REDACTED] are you to tell me what I am capable of understanding, or demand that I have a certain net worth to buy publicly traded securities?!
FINRA announced today that it has appointed Julie Glynn and Tina Gubb as Senior Vice Presidents of Enforcement. Gubb’s appointment is effective July 22, while Glynn’s appointment is effective in September. Both will report to Bill St. Louis, Executive Vice President and Head of Enforcement at FINRA.
(a) Unless the context requires otherwise, the terms used in the Rule 6200 and Rule 7100 Series shall have the meanings below. Terms not specifically defined below shall have the meaning in the FINRA By-Laws and rules and Rule 600 of SEC Regulation NMS.
(1) "Exchange Act" or "SEA" means the Securities Exchange Act of 1934.
(2) "ADF-eligible security" means an NMS
I am an active retail investor that uses leveraged ETFs for trading. I am quite aware of the risk profile and willing to accept that risks involved with the risk and reward frontier.
Please continue to permit these vehicles to be openly permitted for all investors.
FINRA issued $85.5 million in fines in 2023 , and the Board determined that there were $97.8 million in fines-eligible expenditures in 2023 (i.e., capital initiatives, strategic expenditures and other activities eligible to be funded by fine monies based on the criteria set forth above). Because the total of fines-eligible expenditures exceeded the amount of fines issued in 2023, the balance of $12.3 million was funded from FINRA’s reserves and excess operating results.
