TO: All NASD Members and Level 2 and Level 3 Subscribers
On Tuesday, October 15, 1985, 14 issues are scheduled to join the NASDAQ National Market System, bringing the total number of issues in NASDAQ/ NMS to 2,149. These 14 issues, which will begin trading under real-time trade reporting, are entering the NASDAQ/NMS pursuant to the Securities and Exchange Commission's criteria for voluntary
I oppose restrictions on my right to trade in particular securities or requiring prequalification to do so. The securities I trade in are a critical part of my investment strategy and I use them appropriately with stop loss orders to protect my capital. I have over 40 years experience trading in the financial markets and shouldn't be required to prove to anyone that I know what I&#
To Whom It May Concern:
I believe I am responsible for the way I invest my resources and the products I choose. Limiting my choices by intervention of regulators and the steps they take to limit my choices is improper. Inverse fund investment is part of my financial method of preserving my resources. Please do not take any steps to limit my actions in this manner.
Leveraged and inverse funds are at great help in handling stock market up and downturns. Exposing 15-20% of my portfolio to these ETFs helps me achieve my investment goals in longer run. I have been investing for 8 plus years and these leveraged and inverse ETFs have only helped in my financial growth and would prefer investing in them in future too.
I am writing to express strong opposition to new rules that would further restrict investment of leveraged and inverse funds.
I have used these funds simply to protect my existing investments in the stock market. I know financial advisors who also do so. Already there are checks and balances in place in Ameritrade for trading these funds.
No further restrictions should be added.
This is ludicrous and socialist with small individual investors ability to secure their own financial security with a small account . This is bending to the big money funds to siphon out the small investor . Another socialistic interference into capital markets . Pity the regulators didnt do there job with PFG some years ago when investors lost millions because regulators defied criminal activity
To Whom It May Concern: Once again it seems we are dealing with needless government overreach. Leveraged trading vehicles for experienced investors provide valuable tools in balancing portfolios, reaching portfolio design goals, and protecting against risk. My families financial future should not rely on yet another bureaucrat making decisions for me or my family.
I an very opposed to any regulatory limits on my current abilities to participate in complex ETFs and investments.
I have been involved with these investments for many years and am familiar with their risks and do not need any extra regulations to guide me. Placing these limits will significantly impact my retirement planning and financial future.
Please desist from imposing them.
To Whom it May Concern,
Do not remove or hamper my ability to utilize any means of investing that I deem to be to my best interest. Regulating individuals simply strengthens large investors at the expense of small investors. Leveraged funds can be used to hedge in times of financial uncertainty. There are already adequate disclaimers about the risks involved with leveraged funds available.
Dear Sirs: I understand that new regulations maybe passed affecting my ability to invest in certain securities and funds. I strongly feel this should be my decision and not yours as to whether I can make financial decisions for my portfolio. I am formerly a licensed Investment advisor that understands risks in the market. We are already heavily regulated, please no new regulations.
