Dear Sir or Madam, I oppose any limitations on my ability to buy or sell inverse ETFs. They play a critical role in protecting my family's retirement portfolio against market volatility. Any restrictions will hinder our ability to do so and may result in reduced retirement savings which could significantly modify our plans for the future. Thank you for your consideration.
Public Investments should be between the investor and the financial firm associated. The risks associated with investing are well known and explained by financial firms. Personal investments and retirement plans are controlled by the investor and investment retirement planners and critical to the investment success and well being of all. Based on Historical experience, especially lately,
I am often amazed by the selection of investment vehicles available to the average investor. As seasoned investor with almost 22 years of investing experience, I fully appreciate my freedom to choose which investments I make. Some products in question are a regular part of my well planned investment strategy. I am against the idea of restrictions on investments or requiring additional
The current downturn in the stock market has hurt many investors. When bond yields were at historic lows in the past year, I continued purchases of 2x inverse 20 and 10 year treasury bond etf's, until they became 20% of my portfolio. This was my hedge against inflationary pressures, because higher p/e ratios cannot be maintained when bond yields rise. My 2X inverse bond holdings have now
Pursuant to the procedures set forth in Rule 6120(b), FINRA shall halt all trading otherwise than on an exchange in any NMS stock, as defined in Rule 600(b) of SEC Regulation NMS, if other major securities markets initiate market-wide trading halts in response to their rules or extraordinary market conditions or if otherwise directed by the SEC. Members must halt quoting and trading otherwise
(a) If an ADF Trading Center does not achieve certain thresholds of both its Projected Average Transaction Volume and its Certified Peak Transaction Volume in one or more categories on one or more days in a given calendar month, the following shortfall capacity usage fees will apply:
For Projected Average Transaction Volume:
Level
Percentage Shortfall
1 – 2 days
3 – 5 days
6 – 10
I know for sure that having specialized rules and red tape for complex leveraged and inverse products does not actually reduce the risk faced by retail investors. Access to leverage can even be used to reduce risk in an overall portfolio, as numerous other commenters have noticed. When implemented as part of a well planned strategy, leveraged and inverse products can provide crucial diversifying
Eileen Famiglietti, Vice President, Enterprise Risk Management (ERM), leads the ERM program, which provides transparency around the enterprise-level risks FINRA faces in the execution of its mission, strategic goals and key business objectives. The program helps inform FINRA's strategic planning, budgeting and resource allocation processes, as well as its decision making. She oversees the
Dear FINRA Committee Members, Please do not impose trading restrictions on “Complex Products.” I am a retired public employee who has been investing for over 25 years, managing a ROTH account, 457 plan account, as well as a retail account. I sometimes use ETFs, including inverse and leveraged. They are an integral part of my investing toolbox. I am not a high net worth individual and desire to
(a) Data Transmission
Each Industry Member shall transmit data as required under the CAT NMS Plan to the Central Repository utilizing such format(s) as may be provided by the Plan Processor and approved by the Operating Committee.
(b) Connectivity
Each Industry Member shall connect to the Central Repository using a secure method(s), including but not limited to private line(s) and
