Dear FINRA,
I run a systematic quarterly rebalancing plan that is powered by leveraged ETFs. I know what I am doing. The proper use of these leveraged products is a key part of my financial plan.
These funds are important to me. They improve my performance over the long term. I am not engaged in reckless trading, I understand the effect of daily magnification of an indexs price movement, and I
I am a retired lawyer with a high IQ. I have been trading leveraged and inverse funds for over ten years. Restrictions based upon net worth and approval of a broker are discriminatory to favor the rich. I have noticed the same thing about margin restrictions. The restrictions are there to favor the rich and powerful. I do not need nor want your oversite in my life. This is basically class
For the past nine years I've successfully used leveraged ETFs to manage our family's portfolios, paying for college for our children, buying cars, and covering other household expenses.
As with all investment products, we as individual investors have the right to choose what vehicles are best for our needs, not some government entity.
Understanding leveraged ETFs is not
I'm writing to let you know that I vehemently oppose this regulatory proposal for the following reasons.
1. I use leveraged and inverse ETF's regularly in order to manage and reduce risk in my investment. These ETF's allow me to hedge against market risk, and therefore are a very important part of my portfolio.
2. These public investment securities should be available
It's especially important regulators hear from you in your own words. Please use the body of this email to customize your response.
NO NEED TO TEST ANYONE FOR INVESTMENTS OR ANY OTHER FINANCIAL DECISIONS. WE ARE THE PEOPLE. WE WILL VOTE YOU OUT OFFICE . OR YOU CAN JUST BE IMPEACHED.
ALL OF YOU. YOI ARE GUILTY OF INSIDER TRADING,.LAUNDERING MONEY, AND MAKEING THINGS SO EXPENSIVE WE ARE
Guidance to Members Affected by Hurricane Harvey
Board Appoints Industry Governors, Discusses FINRA’s Long-Term Financial Planning and Hears Latest From Key Stakeholders
SUGGESTED ROUTING:*
Internal AuditLegal & ComplianceMunicipalOperationsSyndicateSystemsTrading*These are suggested departments only. Others may be appropriate for your firm.
Securities exchanges and The Nasdaq Stock MarketSM will be closed on Wednesday, December 25, 1991, Christmas Day, and Wednesday, January 1, 1992, New Year's Day. "Regular way" transactions made
Please do not continue to underestimate retail investors. The arbitrary 25k day trading limit, among others, already causes untold damage to retail traders who now have arbitrary limitations on what they can do because they're "too poor to play" which is blatantly discriminatory and frankly I'm surprised it's legal. By further restricting the access of retail traders to
SUGGESTED ROUTING:*
Senior ManagementLegal & ComplianceOperationsSystemsTrading*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
The NASD Board of Governors has approved service charges for SelectNetSM and the Small Order Execution System (SOES). The fees include a $25 monthly emergency market conditions service charge for each
