As a professional in the investment industry, I strongly feel the disclosures regarding investment performance and risk are well communicated and transparent regarding leveraged ETFs. It is very simple to understand those products that have 2x or 3x leveraged being specified as DAILY performance.
To limit the ability to invest in those products or to remove them completely would create great price distortion, as well as liquidity problems for existing investors such as myself.
I am a CFA chartered member, I hold the industry to the highest standard. I have invested in leveraged ETFs for over a decade and strongly believe the products are designed and implemented in a safe and sound manner.
Please reconsider enforcing new regulations on these investment vehicles as they will do more harm to existing investors than good for the capital markets.
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
Joseph Chou Comment On Regulatory Notice 22-08
To FINRA,
As a professional in the investment industry, I strongly feel the disclosures regarding investment performance and risk are well communicated and transparent regarding leveraged ETFs. It is very simple to understand those products that have 2x or 3x leveraged being specified as DAILY performance.
To limit the ability to invest in those products or to remove them completely would create great price distortion, as well as liquidity problems for existing investors such as myself.
I am a CFA chartered member, I hold the industry to the highest standard. I have invested in leveraged ETFs for over a decade and strongly believe the products are designed and implemented in a safe and sound manner.
Please reconsider enforcing new regulations on these investment vehicles as they will do more harm to existing investors than good for the capital markets.
Sincerely,
Joseph Chou, CFA