Final 2012 Renewal Statements for Broker-Dealers, Investment Adviser Firms, Agents and Investment Adviser Representatives, and Branches
I have been trading leveraged securities for many years starting with Guggenheim Funds (previously traded as Leveraged RYDEX Funds). My success with these investments helped me finance 100% college educations of my 2 sons, all way to JD / MBA and Finance MBA. That totals to 14 years of college education. Later, I replaced RYDEX Funds with ETF (TQQQ, SOXL, QLD) to help me with my retirement
It has come to my attention that FINRA issued a notice on 8 March 2022 regarding certain securities with simple inverse or leveraged price movements.
Designation of these products as complex securities is completely unwarranted as any complexities in the structuring of these securities is no more relevant to investor, that the structuring of any other ETF. The price action is not complex to
Dear FINRA,
Hi My name is William Alexander.
I just want to write to express my concern over the proposed limitations concerning the trading of leveraged funds in the stock market.
Im a nobody. I started work at a gas station at $7/hour 15 years ago. I literally had zero money in
savings, no car, a small apartment, and 35k in debt!
Did I bemoan my fate? Absolutely not! The great thing about
I cannot state how much I am opposed to excessive regulations taking away my freedom to invest as I so chose. I utilize put options on these types of leveraged funds such as UPRO and TQQQ to acquire shares tied to the S&P and Nasdaq at a very advantageous price and then sell covered calls against the shares once obtained. I can make upwards of 5% on my money each month with
I am strongly opposed any additional regulations to leveraged and inverse securities. All investments have an element of risk; by requiring a list of pre-requisites to trading these securities, you decrease the investor base with access which could add to increased volatility as well as making the acquisition and disposition of said securities much more difficult. Additionally, further
The NASD would like to thank the Subcommittee for this opportunity to testify on organized crime in the securities markets, the scope of the problem and our efforts to address it.
Comments: Back in the 1990s when I started it was quite common for people who wanted to trade leveraged diversified products to establish a mutual fund account at Rydex (now part of Guggenheim). There were other products which were similar at the time though I think most have closed. The most popular trading were the Fidelity Select funds which had a 3% load specifically to allow for more rapid
Summary
FINRA alerts members to an emerging threat to customers and members, where FINRA, NASDAQ and NYSE have observed initial public offerings (IPOs) for certain small capitalization (small-cap) issuers listed on U.S. stock exchanges that may be the subject of pump-and-dump-like schemes (sometimes referred to as "ramp-and-dump" schemes in other jurisdictions).1 FINRA has observed
The US Constitution guarantees Americans the right to life, liberty and property. That means Americans have the right to spend or invest their hard-earned after-tax income (property) however they see fit, as long as they do not violate the equal rights of other people. It is not possible to violate the rights of other people by voluntarily buying and selling from them. As a result, American
