Correction request regarding Longbridge's erroneous marking of FUTG as PTP
Core facts:
Identity error: FUTG is an ETF fund (Investment Company) registered under SEC Rule 497(e), definitely not a PTP (Partnership).
Conclusive evidence: Its underlying assets are Swaps (swap contracts), and it uses Form 1099 for tax reporting, not Form K-1. It is completely outside the scope of withholding tax stipulated by IRC Sec. 1446(f).
System flaw: Your company marking FUTG as a PTP is a serious business error.
Image 1: Buy prohibited
Image 2: Buy prohibited, when asked for the reason, it was said to be PTP
Image 3: SEC clearly states these are ordinary ETFs
Request:
Please have a senior compliance specialist from the backend immediately verify the prospectus, correct the system tag for FUTG, and restore normal trading permissions.
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