I got emails from fdly/amtd, no doubt many of you got similar emails from your brokerage... FINRA is once again considering restricting trading for leveraged/inverse ETFs (boo ). Please consider sending in your comments: YOU MAY SOON LOSE YOUR ABILITY TO BUY LEVERAGED AND INVERSE FUNDS https://www.leteveryoneinvest.com/proshares/ https://www.proshares.com/globalassets/proshares/documents/leteveryoneinvest_2.pdf ProShare Capital Management believes your ability to freely invest may be severely restricted. VisitLetEveryoneInvest.com/ProSharesto submit an official comment to FINRA telling them you oppose limitations on your ability to buy the Funds!
Then traders will trade other leveraged things like futures. And the Exchanges will happily create more futures for trading.
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IMV... this is mostly to protect inexperienced investors from themselves. Likely a good thing. (Just like brokers won't let you write naked puts in your IRA.) I believe Fidelity has a policy of not allowing investors to buy leveraged ETFs/mutual funds on margin... or at least not 100%... too much "wipe-out" risk for inexperienced investors. All part of the "moral hazard" the Fed created with wild money printing. Trading "leverage" with ANY vehicle... is for experienced and professionals... not noobs "running on hope and looking to score big quickly".
The SEC and apparently now Finra have had working groups for a number of years, to examine the retail product areas: Leveraged ETFs, Portfolio margin, and Volatility products. working groups can be around for years and frequently come back with no resolution ;