NASD has filed with the Securities and Exchange Commission ("SEC" or "Commission") a proposed rule change to require principal pre-use approval of member correspondence to 25 or more existing retail customers within a 30 calendar-day period.
Proposed Rule Change to Provide Additional Time to Report Certain Reportable TRACE Transactions and Waive Certain Transaction Reporting Fees
To limit leveraged ETF funds to the Wall Street elite and the very wealthy would be inequitable. This would be one more step toward the economic equality in this country that has manifested over the past four decades. To have one set of rules for the rich and another for the middle class and lower class limits opportunity to invest and the chance to improve one's financial station in
I am an individual investor and I have been taking advantage of leveraged ETFs for some time. I limit use of leveraged ETF to one of the 3 major stock market indexes, where my portfolio has diversification. I understand leveraged ETFs may be volatile, but theres a lot of individual securities that are more volatile. Regulators should not place more restrictive rules on leveraged ETFs. All
This proposed rule is a bad idea. Making any investments is inherently risky - even the "blue chip" stocks have periods when they don't do well. Some people have a higher tolerance for risky investments than others. If they are willing to take the risks involved in buying into an investment, and they have the wherewithal to afford it, they should not be limited.
Also
I am a buy and hold investor. I might make 2 or 3 trades each year. I don't see any reason why I shouldn't be able to invest in leveraged funds with money I can afford to lose. I am 92 and have been investing for over 70 years. One learns much quicker from their mistakes than from government rules. I also started with nothing, now I am considered wealthy. I probably would
This appears to be a veiled attempt to disenfranchise retail investors to the benefit of institutional investing teams and financial managers. Even if that was not the intent, these proposed rules will have that effect. I object to being denied access to investment products others are allowed to access, regardless of the reason. If there are 'complex products' that are so
While I appreciate FINRAs attempt to protect investors from the Martha Stewarts and Michael Millikans of the world I would remind you I am an adult. I made the money and I chose to invest it how I want and I am offended that an institution of regulation would choose to shackle the people its meant to serve to financial servitude of large institutions and limit our freedom of choice to a pre
i am opposed of additional regulations for the invest of proshare or similar investment vehicle. besides limiting future investors it will hurt the current investor by making the invest less liquid in nature. additional, the rules proposed do not help investor and therefore should not be implemented. please vote to not add additional regulations. Leveraged and inverse funds are important to your
I am writing to express my disapproval of the new proposed rule to limit leveraged ETFs for retail investor.
I am certain you have heard many arguments and I am certain you will ignore them anyway, but I will leave you with this, america is built on the concept of free market. By limiting what retail investor can you, you will once again aid in the transfer of wealth from the average American to
