I, Labros Panos, am fully aware of the risk and charges of Pro Shares short ETS's and ETPs such as the symbol DOG which currently I have in my account. I find it easy and pleasant to pass time and to follow the markets.
Thank you for your concern.
I have managed my own investments for decades and have frequently used long and short leveraged investments as part of my strategies.
Any restrictions are likely to be unfair and favor those who are already
privileged. Do not impose restrictions on public investments.
GUIDANCEAffirmative Determination RequirementsSUGGESTED ROUTINGKEY TOPICSExecutive RepresentativeLegal & ComplianceOperationsNASD Rule 3370Short Sale RuleAffirmative DeterminationExecutive SummaryOn November 14, 2003, the Securities and Exchange Commission (SEC) approved amendments to Rule 3370 (Prompt Receipt and Delivery of Securities—the "affirmative
This well intended proposed regulation will force small investors into trading futures contracts in able to hedge or short the market, creating even more risk for the average investor.
Stop this silliness now. This proposed regulation does more harm than good.
Inverse funds are important to my investment strategy.
Since I dont short individual stocks, this allows me a convenient way of doing so with less risk.
I am capable of understanding the concepts and the risks involved.
Please keep this option available to me.
All short positions SHOULD BE disclosed. Any stock lending should be subject to daily reports. Keeping the data hidden hurts retail investors, as the price is being affected by things they are unable to see.
It is ridiculous to keep smaller investors from being able to take a short or leveraged position in the markets. I have made a good deal of money that I otherwise wouldn't have without these tools. Why should only wealthy people have access to these markets?
These regulations should have been in place 30 years ago. It is absurd to me that it took the public gaining awareness of short manipulation, and planned bankruptcy of many great companies by Hedge Funds to even get this on the table.
Eliminate short ladder and spoofing. Monitor periodically (at least once a month) the total number of existing shares (by having mandatory submissions) so that synthetic share anomalies can be detected and corrected right away.
Extension of Time Requests Relating to New SEA Rule 15c3-3(d)(4)
