I think shorting leveraged ETFs should be disallowed. Perhaps that'd go a way in reducing systematic market risk from these financial instruments? There are plenty leveraged ETFs designed just for shorting an index and it makes no sense to me that one might prefer shorting the ETF itself. It more easily con-volutes one's thinking than just buying the bearish ETF.
As a school teacher with a low salary, leveraged funds are important to my investment strategies. I have more than 1000K hours studying financial investing and have used this as a way to supplement my income to help support my family. It is unfair to limit these options to just the privileged. It should be available to the public to allow personal wealth growth to be more equitable.
Do not take away my rights to decide how, when, and what legitimate investments to make. I am in charge of my financial future and make decisions based upon my situation, risk appetite, and personal goals. I can read risk documentation to understand my decisions and DO NOT want regulators determining what is right for myself and family.
As an individual investor, I find leveraged funds essential to my long-term financial plans. While I understand that such funds can be harmful to those who do not have discipline or training to use them well, many other individual investors like me use them profitably. Please do not curtail our freedom to use leveraged or inverse funds.
This new rule will surely drive small broker dealers to leave. The regulatory burden has become too much. This new rule is impossible for the small broker dealers to manage as we don't have the resources. The regulations would harm investors by denying them access to a broad range of valuable investments that could help them achieve long-term financial goals.
Ordinary citizens need to retain rights to invest in reverse funds and leveraged funds. High wealth investors should not be given special privileges to take advantage of these investment strategies. This is one more example of economic and financial inequities that rig the system against small investors building for retirement. Pending regulatory changes that hurt small investors should be
Stop trying to control individual ability to participate in public markets. You show yourselves to be autocrats fighting to maintain an imbalanced and tiered society when you limit access to the wide world of available financial products and strategies. FINRA is not a government agency. Congress and the SEC should not being delegating their authority over markets to a cartel lobbyist group like
While it is imperative for FINRA to protect all investor's interests from their actions and inactions, these proposed regulations would create arbitrarily onerous barriers to financial instruments for everyday retail investors. These would only benefit high net worth individuals and investment firms--especially hedge funds, those of whom already impose their market dominance upon everyday
It is commonly understood that for every transaction the terms of the exchange is known by both parties and executed faithfully to produce what we consider the stock market. Technology now allows for near instant transactions for market participants, therefore the due diligence of reporting that transaction to regulatory authorities should occur simultaneously with the transaction itself. This
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REQUEST FOR COMMENTS
EXECUTIVE SUMMARY
The NASD requests comments on a proposal to amend the NASD confirmation rule,
