Comments: I have a strong understanding of the characteristics and risks of leveraged investments. I understand this should be monitored regularly, and that they are for short-term trading. My brokerage limits access to the types of trade that I can engage in; for example, I am not allowed to short sell calls or puts, strategies which can be extremely safe or strategies which can be extremely risky. However, I am allowed to trade single options, but I prefer the profile of 1x and 3X leverage investments because they have very similar characteristics to options. I think in this case FINRA is going too far, because the prospectus clearly indicates a high degree of leverage, and because brokerage can limit access to options on ETFs Thank you.
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Steven Bank Comment On Regulatory Notice 22-08
Comments: I have a strong understanding of the characteristics and risks of leveraged investments. I understand this should be monitored regularly, and that they are for short-term trading. My brokerage limits access to the types of trade that I can engage in; for example, I am not allowed to short sell calls or puts, strategies which can be extremely safe or strategies which can be extremely risky. However, I am allowed to trade single options, but I prefer the profile of 1x and 3X leverage investments because they have very similar characteristics to options. I think in this case FINRA is going too far, because the prospectus clearly indicates a high degree of leverage, and because brokerage can limit access to options on ETFs Thank you.