http://www.etftrends.com/forum/ Keeping a grip on exchange-traded funds (ETFs) en Mon, 13 Feb 2012 10:05:59 +0000 http://www.etftrends.com/forum/topic/leveraged-etfs-1#post-133 Wed, 19 Aug 2009 11:04:51 +0000 Nick 133@http://www.etftrends.com/forum/ <p>I am a 30 year RIA. Yesterday I received notice that 87 Leveraged ETFs we can no longer trade. From 1/2009<br /> by using common short term trading in these ETFs our customers accounts are up 48%. Paying an annual fee of 2.5%<br /> they want to know why they can not trade Leveraged ETFs. ETFs have outperformed managed mutual fund accounts with less<br /> beta. The averaged managed fund account is up only 6% for 2009.</p> <p>We agree these are not buy and hold products. But the ETFs have to be approved by the SEC and the related firms compliance<br /> and product review departments. Some mutual funds have lost 16 years of returns because FINRA does not allow for short term trading of funds. RIA should not be restricted from taking a direct order from a client regarding any holding. Now we are<br /> being told that the customer does not matter. Rule, "Know your customer"...no longer applies. </p>