Having dark pools that trade off market it’s just for manipulation and having platforms like citidel connect that doesn’t even report to you is insane. Auditing these market makers to see how many naked shorts they hold should be a top priority.
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
Comments:Why do you propose new rules when these are just fine? They give access to profits, previously only available in much higher risk commodity futures trading. Do you propose to limit that too? The risk and rewards are made abundantly clear, as they are stated in the prospectus. Just leave well enough alone. Ty.
There is blatant manipulation of prices in dark pools. There is no reason for any off market trading. market makers should not have the option to create shares. people working for the regulator should not work for the company they are regulating. naked shorts are illegal. Ask the SEC to actually work?
For the past three years I have used these funds to build wealth and an income stream for my family. I paid my dues by trading in the markets since 2006. Kindly allow people to make their own decisions. I do not mind if the government purchases as time to educate the public on the government's point of view. However, legislating rarely works.
Why is the government getting in my way to trade with my own money? Shouldnt the government simply be concerned with making sure that the public companies provide the most accurate and relevant financial data in a timely manner, instead of assuming that I am stupid and a bad steward of my own finances and feeling the need to create more regulations?
I have been investing in leveraged funds for over 10 years and I am aware of the risks. Leveraged funds help my portfolio perform better with higher returns. I do not need any classes or tests or certificates to trade these funds. If you do then you should make every single investor in the market do the same.
Please do not remove my ability, as a small investor, to trade leveraged ETFs. I have used such positions many times over the years to hedge against specific risks and without these, I would have had no way to do it, either out of a lack of access or because it would have been too expensive or too complex.
The additional rules proposed by FINRA does not protect the public as whole, rather only protects a small few that wants additional control on the free market. We are currently able to trade knowing the risks and rewards - the people do not need high net worth, special classes / tests, or additional government regulations imposed on us.
Please allow me to continue purchasing Leveraged ETFs. They make up a large part of my portfolio, and have for years. They are very useful both for short term trades and longer term investments. Moreover, I am not fond of shorting individual stocks, but inverse ETFs fit my needs entirely. Thanks you for reading.
