It is unbelievable that you would wish to attempt to place such restrictions on these trading vehicles. These have been available for many years and I personally have used these in my trading strategies to manage risk. We are all fully aware of the volatility associated with leveraged funds. These present no greater danger than supposedly save bonds
I an very disappointed to read about the proposed regulations to curb the use of inverse, leveraged and other commonly used investments.
I use inverse funds to de-risk my portfolio as I believe most investors, using these funds do. I don't "bet" in market movement but I do protect myself when I see excessive volatility in the markets.
I am very much against additional
To whom it may concern.
I believe that current FINRA regulations are sufficient, if followed by investors, to protect investors from investing without knowledge of the specifications of various investments, including such investments that might be inverse in nature and/or leveraged.
The investor always has the choice to use a broker who is supposed to act in a fiduciary manner.
Personally, I use
Central bankers and government deficit spending have created once unimaginable asset bubbles, risk, and volatility.
To navigate these treacherous conditions, you need to have advanced tools and investments, and leveraged and inverse ETFs are part of that toolkit.
These investments are an important part of managing risk for a small investor like myself. I'm able to deploy a smaller
I have been a holder of TBT as an inflation hedge against higher interest rates for a while now. The position has been profitable and is becoming even more profitable with recent rate hikes. I am a long term investor and want to be able to choose my investments that I feel are suitable for me, I do not want my choices dictated by someone else. My trade was unsolicited and made with the full
To the FINRA regulators:
Please understand how the ability of the general public to invest in levered and inverse funds is of great importance. These are easily comprehended investment choices which can help anyone, including less savvy investors, achieve investment goals, not least in bear markets, or in inflationary times, when such funds may be the only available options to hedge and beat the
INFORMATIONAL
Quotation Reporting
Effective Date: June 27, 2003
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Senior Management
Technology
Trading And Market Making
Market Making
OTC Securities
Recording And Reporting Quotation Data
Executive Summary
On March 27, 2003, the Securities and
We should be able to find and invest in what is best for us and our families. We shouldn't have to go through any type of special process Or take any type of test before being able to invest in what we feel is best . We are fully capable of understanding our investments and the risks involved. This is supposed to be a free county to choose what is in the best interest of us and our families
TO: All NASD Members and Other Interested Persons
EXECUTIVE SUMMARY
The Securities and Exchange Commission recently approved an amendment to the Interpretation of the Board of Governors—Review of Corporate Financing, under Article III, Section 1 of the NASD Rules of Fair Practice. The amendment, which becomes effective June 1, 1988, requires a qualified independent underwriter to provide a
Thank you, Paul, for that introduction, and thank you to the Exchequer Club for the invitation.
