We really need robust oversight if we are going to allow these reckless gamblers making the very markets. Selling something that doesn't exist. Creating fraudulent property. selling the same property to multiple investors. Shorting stocks that don't exist. Selling stocks that don't exist. This damages the faith of the people that markets are fair and safe. This hurts people. We
If it’s one thing that Melvin capital, citadel, point 72, Susquehanna and Virtu have taught me, in conjunction with the ongoing short selling sagas of certain meme stocks, is that if something isn’t done quickly an entire generation of investors will abandon the US stock market. We are very clearly an oligarchy, which is not only an insult to our founding fathers, but a travesty enacted upon
High net worth requirements are a horrible restriction to place on leveraged securities. A regulator imposed test , and attesting to reading certain materials is fine because anyone has the capabilities to do this, many individuals have been investing their entire lives and have a plethora of knowledge and would not be able to meet this high net worth requirement. Leverage and inverse securities
Hello,
I have traded stocks as an individual retail trader for 20 years. I trade in a very short term and responsible manner, and supplement my retirement account using this method.
As a licensed hairdresser by trade with no college education, I have earned the bulk of the money I will retire on trading triple leveraged etfs successfully. Removing my ability to trade these tickers would severely
I use double and triple leveraged long and short index funds as one of multiple tools to implement my investment objectives. I invest a small percentage of my investment portfolio in leveraged assets. These leveraged investments achieve a small dumbbell portfolio distribution in what is predominantly a conservative porfolio.
I am a high net worth investor and require special permission to
To Whom It May Concern - I consider the proposed FINRA restrictions to Leveraged and Inverse funds to be yet another example of the Nanny State coming to the rescue of individuals that the government and their agencies feel the need to protect. I for one am more than capable of understanding the risks of these investment vehicles and want NO restrictions on my investment strategy. L&I
While leveraged and inverse funds have different levels of risk than non-leveraged finds, the public should have access to these publicly traded investments, not just high net worth individuals. Inverse funds are an important means of hedging without selling a security or ETF short, which is (relatively) lower risk for an investor and an important part of my personal investment strategy.
This is really not going to help individual retail investors. Lots of retail investors would be losing valuable hedging and speculating tools in terms of leveraged and inverse ETF's. Many of these investors may utilize cash accounts and have no other way to go short in the market without buying put options, which is another layer of approval. As such, ETF's are the most accessible and
INFORMATIONAL
Continuing Education
SUGGESTED ROUTING
KEY TOPICS
Continuing Education Testing/Qualifications
Legal & Compliance
Senior Management
Continuing Education
Firm Element
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context of its own organizational structure.
I strongly oppose any restriction to invest in leveraged and inverse funds.
Anyone should be FREE to make their own decisions and take their own risk for any investment one deems appropriate for their circumstances.
Leverage and inverse funds are an excellent tool to hedge against stocks and market risk and also to enhance returns in the short run as well as in the long run.
Implementing
