Hi, I've many years experience in stock investment and I have large investment in stocks, Leveraged and inverse funds are important to my investment strategies. I understand it's risk and reward! I purchase SQQQ and SPXU as hedge to my tech investments and other stocks. I also seek enhanced returns by trading SQQQ and SPXU. However, leveraged and inverse funds are small portion of my
I am an educator and will be effected tremendously if I am blocked from using triple leveraged indexes. I am a voter and perfectly capable of understanding the implications and risks that these investment tools entail. The government should not have the power over my financial investment decision making. This tool is an easy and equitable way for those of us who are not Wall Street connected to
We, the US investing public, need the ability to "short" stock market indices, equity sectors, currencies & commodities, just as the institutions do, to hedge our portfolios and protect the downside in our investment accounts. To not be able to do so would punish the "little guy" and provide all the benefit to the big institutions. We individual investors are acutely
I should be able to chose the public investments that are right for me and my family. Public investments should be available to all the public, not just the privileged Leveraged and inverse funds are important to my investment strategies. I am capable of understanding leveraged and inverse funds and their risks and I do not need any passing tests before Investing in public securities like inverse
Regulators should not choose the public investments that are right for me and my family - and my portfolio. Public investments should be available to all of the public. You shouldn't have to go through any special process like passing a test before you can invest in public securities, like leveraged and inverse funds. I am capable of understanding leveraged and inverse funds and their risks
I should have the freedom and flexibility to choose the investments that are right for me and my family. Public investment should be available for any investor, not just the privileged few. I am capable of understanding leveraged and inverse funds and their risks. I shouldn't have to go through any special process like passing a test before I can invest in public securities, like leveraged
Numerous retail investors, including myself, responsibly use leveraged ETFs in a holistic investing strategy while understanding the risks. Leveraged ETFs aren't the only ETF that could be dangerous to an uninformed investor, yet we shouldn't limit every ETF that presents volatility. There is no need to punish the informed investor to protect uninformed investors who may decide to pick
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Senior ManagementLegal & ComplianceOptions*These are suggested departments only. Others may be appropriate for your firm.
EXECUTIVE SUMMARY
On September 13, 1991, the Securities and Exchange Commission (SEC) approved amendments to the NASD's Rules of Fair Practice creating a separate section relating to options communications with the public. The
Summary
FINRA adopted a new rule to limit any associated person of a member firm who is registered with FINRA (each a “registered person”) from being named a beneficiary, executor or trustee, or to have a power of attorney or similar position of trust for or on behalf of a customer.1 New FINRA Rule 3241 (Registered Person Being Named a Customer’s Beneficiary or Holding a Position of Trust for a
I hope it is not true FINRA is going to restrict trading in leveraged and inverse ETFs. I have used this vehicles for financial planning for 15 years. They just one of many invaluable tools to be used in certain situations. There are risks in EVERY investment. Leveraged funds get a bad rap, but if you study the math, it is really unjustified. Yes, they have higher fees, which can be an
