SEC proposal to restrict 2x/3x ETFs re Proshares note

[_eug_]

This is not good I mostly trade the x2 ETFs. Hopefully this doesn't effect TSX.

 

[murray t turtle]

Bet this is coming from the...... at the CME that would like to knock out any competition. A noob can get insane levels of leverage through most brokers including in IRA's via futures or options.

If anything it's the ETNs that may need more oversight - not ETFs.

%%
WELL, OK;
some of them need much more disclosure than others.I traded the nat gas or inverse 3x ETF [ not an investment/pays no dividends].
But I had a 10 or 15 year chart of nat gas contracts. A young trader asked ''how do you trade nat gas??'' Answer ; not much. LOL-True...................................................................................................................Some trades that set up only once every 10 0r 15 years, should have plenty of disclosure.And one of the best energy traders [T Boone Pickens ] went bankrupt with a mostly nat gas co.

 

[KCalhoun]

good article https://www.wsj.com/articles/levera...tors-to-fight-proposed-regulation-11580390914

 

[murray t turtle]

good article https://www.wsj.com/articles/levera...tors-to-fight-proposed-regulation-11580390914

%%
Good thing for the ETFs X3, KenC;
most all of them are managed better than TSLA-$40,000, 000 fine by SEC.I've read the prospectus on some of them the paper version was about 555 to 777/+ pages depending on the co/fund,-its a pretty big postage/FEDx bill.LOL...................................................................................

 

[butterflymarket]

the SEC should not have approve any of the 'hyped' synthetic derivative ETF or any of the thousands of scam companies ,but hey the SEC gets paid by these companies. known as SEC fees..the SEC doesn't work for the public,
That is the problem with the SEC, it's funded by companies not funded by the public. or investors and who do you think they will work for. they work for the companies or interest of wall street not in the interest of the investing public.

 

[murray t turtle]

This is not good I mostly trade the x2 ETFs. Hopefully this doesn't effect TSX.

%%
Did you sign the petition, eug?? You don't have to give your name; headline says 2x+ 3x.................................................................................