Complex or Leveraged Exchange Traded Products (CLPs) are funds or notes that trade on an exchange but have very different characteristics from shares of stock or ordinary exchange-traded funds (ETFs).
Eligible clients can use the button above or follow the below procedure to update trading permissions:
- Log in to Client Portal.
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- If you manage multiple accounts, select your account within the Account Selector popup.
- Under Account Settings find the Trading section
- Click on Trading Permissions
- Find "Complex or Leveraged Exchange Traded Products" and select Request
- Review and sign the disclosures and agreements.
- Click CONTINUE
- Review financial information and investment objectives on the following pages and make any necessary changes.
In order to be approved for trading permissions you must meet certain financial requirements, have a certain amount of prior trading experience, and the products/permissions must meet your investment objectives for the specific asset class. If you need to update or review your financial information, investment experience or investment objectives use the button above or follow this procedure:
- Log in to Client Portal.
- Click the User menu (head and shoulders icon in the top right corner) followed by Settings
- Under Account Settings find the Account Profile section.
- Click Financial Profile
- Select and update the relevant fields
- Click CONTINUE to advance through the screens
- If you do not participate in the Secure Login System for two-factor authentication, you will receive an email with a confirmation number. Enter the confirmation number sent to you via email, then click CONTINUE. If you have not received a confirmation number, click Request Confirmation Number to have a new confirmation number sent to your email address.
- Click OK
Please Note
- The restriction does not apply to existing positions that you are attempting to close. To close any related position you hold, use the Close button to create a closing order.
- UGMA and UTMA accounts are not eligible to trade this product type.
- Residents of India are not eligible to trade CLPs.