I have been trading leveraged etf's for 10 years or more. I have never lost money in them. I feel that they are safe for me as I am very careful how much I invest, usually no more than 20% but usually 10%. I need them in order to preserve my lifestyle in retirement.
I should be able to choose my own public investments and
not a disinterested party.
I have traded leveraged investments for over 10 years and understand the risk involved - and with today's volatile markets it enables me to better control potential wild market swings without risking a large amount of capital..
It would be detrimental for the investors to limit their access to leveraged funds. Most investors know the risk of these funds and brokerages are doing a good job of making sure that investors know the risk before they invest in these ETFs. Putting limitations on who can and cannot trade these funds would only help the few.
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EXECUTIVE SUMMARY
As previously reported in Notice To Members 88-104, the NASD, beginning February 12, 1989, will require its members to respond to requests for trading data using an automated format. The format is consistent
(a) Under the terms of the business arrangement establishing the FINRA/Nasdaq Trade Reporting Facility Carteret and the FINRA/Nasdaq Trade Reporting Facility Chicago, Nasdaq, Inc., as the Business Member, has a non-exclusive, irrevocable, worldwide, perpetual, royalty-free right and license to use covered market data, consistent with all applicable laws, rules and regulations. Nasdaq, Inc., as
I am a small investor and have been investing and trading for more than 10 years. I have only recently been able to invest in crypto, but do not have a high net worth. There are many of us in this category. Please don't take away our ability to invest in new areas.
SUGGESTED ROUTING*
Corporate Finance
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Legal & Compliance
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*These are suggested
For the past decade I have invested a small fraction of my portfolio (between 1 and 4%) in leveraged mutual funds and ETFs. I realize that these are quite risky and that rebalancing is required. But a careful investor who is mathematically inclined is capable of handling them. The people you propose to prohibit from trading leverages funds are exactly those who should be able to continue doing
February 13, 2007
Dear NASD Member:
Last year I sent a letter to members that highlighted new and existing regulations that were of particular significance to NASD’s examination program. The letter was designed to offer you guidance by identifying areas of potential examination focus, allowing you to enhance related supervisory and compliance procedures and systems at your firm. Because the
I am financially literate after being a mortgage backed security credit analyst for 35 Years. Who are you to direct my investment choices and trading abilities? And I only use levered funds when no unlevered option is available such as YCS. YOU KNOW NOTHING! STOP IT! STOP IT! STOP IT!
