My investment strategy uses a systematic rebalancing of ETFs, some of which are leveraged ETFs. I fully understand the risks of these leveraged ETFs, but with a disciplined quarterly plan of selling when gains have exceeded a threshold and buying when losses have exceeded a threshold, the greater volatility of these leveraged ETFs produce better performance over the long term.
I am not a Day trader and 40 years of investing has taught me that in the short term the stock market is emotional and unpredictable, but that over time it rises more than it falls. A disciplined investor can use this market behavior very effectively with both leveraged and non-leveraged ETFs.
I do not need or want a third party evaluating my capability of using leveraged ETFs and frankly do not trust that the criteria that would be established to evaluate investors capabilities would not result in these instruments be confined to extremely wealthy investors or investment professionals only. This is not fair to those who fully understand the risks and assume the responsibility for their decisions and could exacerbate the wealth Gap.
Please keep leveraged funds available to all investors.
For the Public
FINRA DATA
FINRA Data provides non-commercial use of data, specifically the ability to save data views and create and manage a Bond Watchlist.
For Industry Professionals
FINPRO
Registered representatives can fulfill Continuing Education requirements, view their industry CRD record and perform other compliance tasks.
For Member Firms
FINRA GATEWAY
Firm compliance professionals can access filings and requests, run reports and submit support tickets.
For Case Participants
DR PORTAL
Arbitration and mediation case participants and FINRA neutrals can view case information and submit documents through this Dispute Resolution Portal.
Need Help? | Check System Status
Log In to other FINRA systems
David DeSousa Comment On Regulatory Notice 22-08
My investment strategy uses a systematic rebalancing of ETFs, some of which are leveraged ETFs. I fully understand the risks of these leveraged ETFs, but with a disciplined quarterly plan of selling when gains have exceeded a threshold and buying when losses have exceeded a threshold, the greater volatility of these leveraged ETFs produce better performance over the long term.
I am not a Day trader and 40 years of investing has taught me that in the short term the stock market is emotional and unpredictable, but that over time it rises more than it falls. A disciplined investor can use this market behavior very effectively with both leveraged and non-leveraged ETFs.
I do not need or want a third party evaluating my capability of using leveraged ETFs and frankly do not trust that the criteria that would be established to evaluate investors capabilities would not result in these instruments be confined to extremely wealthy investors or investment professionals only. This is not fair to those who fully understand the risks and assume the responsibility for their decisions and could exacerbate the wealth Gap.
Please keep leveraged funds available to all investors.