Hello, Thank you for the opportunity to voice my opinion regarding this issue. As a small investor, I value a lot the opportunities presented from reversed and leverage assets. Public investments should be available to all the public, not just the privileged ones. I shouldnt have to go through any special process like passing tests before I can invest in public securities, like leveraged and
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EXECUTIVE SUMMARY
In response to questions by members, issuers, and the legal community, the NASD is issuing this Notice to Members to
Racquel Russell is Senior Vice President and Director of Capital Markets in FINRA’s Office of General Counsel (OGC). In this role, Ms. Russell oversees the Capital Markets Office as it develops new policy initiatives, provides counsel to the Department of Market Regulation and Transparency Services, and supports the fixed income examinations of the Member Supervision Department. She also provides
Options trading carries risk and requires specific approval from an investor’s brokerage firm.
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REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests comments on proposed amendments to the NASD mutual fund maximum sales charge rule that would subject
Hedge funds used obfuscation and blatant disregard for the rules to extract capital from retail. This became blatantly obvious with the manipulation throughout the last year. I am asking for more frequent public reporting of short positions and more detail in public reports. Increased enforcement of the current rules against naked short selling is a given.
I personally own triple leveraged funds like tqqq and upro for long term investment. 1) I hope the NetWorth requirement is not set too high. Leveraged fund should not be limited to high NetWorth people only. It's more important to make sure fund operators are well capitalized and have expertise to handle stress scenarios like big down day or prolonged recession.
Regulators should not have the right to impose any regulations on any American citizen that is investing their hard earned dollars into any stock of their choosing that they feel will benefit their future and the future of their family. The government benefits from capital gains taxes imposed on us already. To take away or regulate how we choose to use our money goes against our rights as an
Levered ETFs are a critical part of my investment methodology. They allow me to take advantage of short term trading opportunities, and do not represent core long-term investment holdings. Additionally they generate returns that are meaningful with limited capital, something I can't do without leverage. The current disclosures and warnings provided by brokerages when a trade for a
I've used leveraged funds successfully for many years. They have significantly improved my investment returns while maintaining better capital preservation for investment flexibility. After acquiring years of experience via trading leveraged ETF's I don't want to take on added regulations not do I want to risk losing my right to leveraged trading nor have it limited.
