As a mostly outside observer who has be diving into the inner workings of the mechanics behind short selling, I've noticed that the lack of transparency effectively makes it impossible to determine the overall value of the short positions that exist, along with a lack of information about how many synthetic shares are created and how positions are opening and closing on a regular basis. This
FINRA’s Examinations team has undertaken changes to create efficiencies before, during and after the exam process to continuously improve the program. On this episode, three senior leaders of the team join us to detail some of the recent changes, including the introduction of thematic reviews, changes to the post-exam closeout process and more.
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
To Regulators,
I staunchly oppose the proposed requirements to invest in leveraged ETFs and funds. I have invested in these funds for over 10 years and am fully aware of the risks. I am capable of reading the prospectus and understanding these risks. As a former financial advisor and principal, I have ALREADY passed a series of tests that prove my investment knowledge. However, even if I had
I'm retired, and I've been investing successfully for over40 years now and in that process have used both leveraged and inverse funds in the stock markets, as well as options and futures, in addition to investing in bonds. I take great exception to the FINRA requirements described in Notice #22-08 now being considered which would limit my ability to access some of these
I consider these proposed rules to be yet another abridgment of a citizen's right to do with his money what he chooses. I have half a century of experience in investing in stocks and bonds of all varieties. I learned how to do it the hard way, not by taking a test, but by self-study and experimenting with various instruments. I administered 2 employee pension plans as well as my own
As a former Registered Representative with PaineWebber and traded successfully Inverse Commodity and Equity ETN's, one as ticker tape reader and using regression programs for trend analysis, I appreciate the opportunity within my IRA to protect the account value of cash long and short. The issue of Future contracts, Currency Swaps, and Repurchase Agreements are internal to the ETNs,
I used to day trade, buying and selling options and penny stocks. I specifically quit those risky behaviors because I saw a more stable opportunity in leveraged ETFs. It allows me to gain the most out of my investments, which I make with my hard-earned money.
I always thought that this country was built on the principle that *anyone* could work hard and live free. I'm a grown adult who
1. Leverage to the extreme has gotten us into a lot of financial problems ... people, companies, cities, states, the country as a whole and the world. Mortgages with no money down (total leverage), 5X and 10X leverage bond products sold prior to the 2008 crash or 3X funds for stocks or commodities.
Often, when these investments break down, the issuers get off with a slap on the hand and the
I not regulators should be able to choose the public
investments that are right for me. Public investments, including leveraged funds should be available to all of the public, not just the privileged.
I shouldn't have to go through any special process
like passing a test before you can invest in public securities, like leveraged and inverse funds. I should not be paying
