Dear Sir or Madam,
I am writing to you because I received a notice that I will be restricted to buy leveraged fund. I do not quite understand this decision because I am clear about what I am doing and understand the risk behind it.
Public investment should be available for everyone as long as they follow the rules and do not violate any regulations. I believe I have the rights to buy any
Dear Sirs,
In regards to the proposed ban on trading the ProShares funds, which include "inverse" tracking indices, I would like to express my discontent with any regulation that limits my freedom in trading financial instruments. Public investments, including "invers funds", need to be available for the general public to trade, not just privileged people
There are many reasons this would be an abomination, but I will just go into one. Since the beginning of the NYSE, people have been fighting to democratize the market and make it accessible to all. It is in everyone's best interest that the market is accessible to all. This rule change would destroy all the work to make the financial markets accessible to all, regardless of status, race,
As an investor, I am opposed to the additional regulations proposed in Regulatory Notice 22-08 restricting access to certain complex products.
There are sufficient requirements to provide information on the behavior of these investments and more than enough regulation on broker dealers to supervise the purchase and trading of these instruments.
We cannot regulate our way to more intelligent
Hello,
I use leveraged products from Proshares and Direxion as part of my portfolio.
I have read, understood the prospectus and know they behave as expected (by simulating and backtesting over flat/medium/extreme market or different timeframe scenarios).
They deliver asymetric risk profiles that are great tools to enhance returns and limit losses, if managed responsibly.
I now use them as part of
I am a CPA by trade currently working in the banking sector and have combined public/private experience of more than 20 years. I actively manage my retirement account as well as family fund. I hold bachelor and master degrees in accounting/finance and has been self-educating myself in investing over the years. I don't need a broker license or CFA title because I don't intend
This proposed regulation is nothing more than a violation of the right of the people to engage in lawful commerce. A free market economy needs to be a free market for all and not only the social or political elite. I should be able to decide when, where, and how I will manage my money and my investments.
The most disturbing thing about this proposed rule is the "cooling off"
Year 2000 Update Reminder To Members About SEC Filing Requirements
The Securities and Exchange Commission (SEC) recently amended its Rule 17a-5 to require all broker/dealers to file two reports concerning Year 2000, using Form BD-Y2K (Form). All members received this information available through NASD Special Notice to Members 98-63.
The new reports relate to each member's readiness and
To Reader, As a retail investor that actively manages their own portfolio: - I use leveraged ETF's to hedge against and gain exposure to volatility in the markets as a way of running a long/short portfolio. - I understand that these products are not meant as long-term holding devices and are to be strategically applied depending on market conditions. - Limiting my ability to use these ETFs
Entity should obtain a "no action" letter from the SEC before NASD Regulation will determine whether payment of non-transaction-based compensation from a member to a non-member for administrative and clerical services under a preferred alliance agreement would violate Rule 2420.
