FINRA Notice of Special Meeting of Small Firms and Proxy
ACTION REQUIRED
SOES Order Sizes
SUGGESTED ROUTING
KEY TOPICS
Legal & Compliance
Operations
Systems
Trading
SOES Maximum Order Sizes
The Suggested Routing function is meant to aid the reader of this document. Each NASD member firm should consider the appropriate distribution in the context of its own organizational structure.
Executive Summary
Effective October 1, 1999,
I personally own triple leveraged funds like tqqq and upro for long term investment. 1) I hope the NetWorth requirement is not set too high. Leveraged fund should not be limited to high NetWorth people only. It's more important to make sure fund operators are well capitalized and have expertise to handle stress scenarios like big down day or prolonged recession.
I've used leveraged funds successfully for many years. They have significantly improved my investment returns while maintaining better capital preservation for investment flexibility. After acquiring years of experience via trading leveraged ETF's I don't want to take on added regulations not do I want to risk losing my right to leveraged trading nor have it limited.
Regulators should not have the right to impose any regulations on any American citizen that is investing their hard earned dollars into any stock of their choosing that they feel will benefit their future and the future of their family. The government benefits from capital gains taxes imposed on us already. To take away or regulate how we choose to use our money goes against our rights as an
Levered ETFs are a critical part of my investment methodology. They allow me to take advantage of short term trading opportunities, and do not represent core long-term investment holdings. Additionally they generate returns that are meaningful with limited capital, something I can't do without leverage. The current disclosures and warnings provided by brokerages when a trade for a
This is terrible. More regulation? Really? These investment strategies allow growth and individuals to compete and obtain long term wealth and gains. Removing the ability to use these is against capitalism and free market for Main Street investors. It stops valid hedging and leveraging long term strategies. Stop the madness! Vote out the bureaucrats! Do not pass this highly unprecedented
I am the only person who should choose how to invest my money. The notion that the US Government has the right or ability to remove personal choice, freedom, and responsibility from our lives is simply wrong and frankly unconstitutional. Capital markets work a lot better than government and I am more than capable of making my own investment choices.
Hi,
I have successfully used leveraged and inverse funds to grow my portfolio over the last 7+ years.
This has been through Rollover IRA , Roth IRA and individual account.
This gives the individual investor the ability to grow their capital at a faster pace and keep abreast with large institutional investors.
Please allow us to be able to invest in these Leveraged and inverse funds.
Taking away our own investment choices and control over our investments is wholly contrary to a free market and is against the founding fathers cardinal rule of Govt interfering with our freedoms. We know the risk. We assume the risk. I study the risks intently before investing. Stop government interference in free market capitalism and our freedoms or the snake will strike
