It's unfair that large financial institutions would be allowed to use leveraged instruments while small retail investors would not. FINRA is supposed to protect a fair market but this would only make the market more unfair. Why should FINRA tell me how I can invest my money?
In mid-2024, in accordance with the industry-led shortened settlement cycle from two business days (T+2) to one business day (T+1), FINRA will implement its changes for equity trade reporting. Please see DTCC notice for details of the financial industry coordination for this project.
FINRA has updated the following specifications in anticipation of this change:
ADF FIX Specifications for
Financial Industry Regulatory Authority, Inc. (“FINRA”) is filing with the Securities and Exchange Commission (“SEC” or “Commission”) a proposed rule change to amend FINRA Rule 6120 (Trading Halts) to conform to recent amendments to the NMS plans governing the collection, consolidation and dissemination of quotation and transaction information for NMS stocks and to make technical and clarifying
Individual investors have the right to freely decide for themselves what securities they want to invest in and what their risk tolerance is to achieve their long term financial goals, without arbitrary restrictions by FINRA. ANY LEGISLATION TO IMPOSE LIMITATIONS OR RESTRICTIONS ON INDIVIDUAL INVESTORS RIGHTS TO FREELY CHOOSE THEIR INVESTMENTS WILL BE MEET WITH FEIRCE OPPOSITION
Government regulations need to stop interrupting American citizens lives by taking away our freedom of choice and speech. We should be able to invest as freely as anyone else no matter their status or financial state. Free to choose is the right of ALL Americans. You have no right to take this away from anyone!!
This regulation would threaten my financial stability as a consumer. The only way I protected myself against the rise in fuel price has been buying levered gasoline ETF's. Please do not move forward with the rule change. Millions will suffer because they will be stuck to investment options that only their employer can control.
I am a Certified Financial Planner with 30 years of experience. These producs must be allowed to be traded by the open public. Any restriction is bad for the markets and the consumer. It is up to the consumer, not the government to make these decisions. There is more than enough information available to consumer regarding any potential risks. They can asses the risk themselves.
Hi FINRA,
You should not determine if an individual can or cannot invest in one of these funds. It should be left up to the individual to perform the due diligence when choosing investments. Taking the route of offering financial investment education in our public school system would be more of a solution. Treat the problem not the symptom.
I believe leveraged ETF's create an important investment tool for individual investors to both hedge their portfolio and create risk weighted and diversified portfolios that would otherwise be restricted only to clients of expensive financial management firms. Please allow leveraged ETF's to continue to democratize access to these important portfolio management tools.
New traders have to learn their job like anyone else on any other job, and learning about the risks and rewards of leveraged and inverse funds only takes a couple of quick real-life lessons. There is no need to impose a bunch of convoluted rules and regulations on these financial tools that make trading difficult for the rest of us.
