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.
100% cfull and transparent reporting on all trades for all stocks. Full and transparent reporting on anything and everything that goes through dark pools, and full and transparent reporting on shorting and naked shorting. If the stock market is an investment vehicle for the people, it needs to be made fair.
What is the purpose of this change? It seems that this change is to benefit institutional investors by restricting retail investors access to complex products. Leveraged and inverse ETFs are incredibly important to my trading strategy and would be detrimental to my portfolio to remove or limit my access to these products. These are important protections and funds available to continue growing my
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.
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.
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.
Rule 1. All short sale shall be reported to finra by end of each settlement day. Rule 2. Finra shall make public report the day to day short sale by end of settlement day of the trading week. Rule 3. All unused loaned shares shall be reported to finra by end of settlement day. Rule 4. Finra shall make public the outstanding unused loaned share by end of settlement day of a trading week. Rule 5.
