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Alliance for Investor Education Elects New Officers
Saving for Retirement: What You Need to Know About 401(k), Traditional IR and Roth IRA Plans
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From Gold to Bitcoin: What You Should Know When Considering Alternative Investments
Organizing Your Financial Records for the New Year: 12 Resources to Keep Your Financial Goals on Track
Alliance for Investor Education Elects New Officers

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SENIORS: BE CAUTIOUS OF HIGH YIELD CD OFFERS
2/12/2016

The Financial Industry Regulatory Authority (FINRA) recently issued a new Investor Alert warning investors about advertisements touting higher-than-average CD yields which might actually be a lure to trick investors into buying costly investments. "In light of today's low interest rates, these ads attract attention. Some may be legitimate marketing, but calls into our Securities Helpline for Seniors indicate that many such ads are ploys in which the CD is used as bait to try to sell you a high-commission product, such as a fixed or equity-indexed annuity, a complex insurance investment that is not FDIC-insured and not subject to federal securities laws," said Gerri Walsh, FINRA's senior vice president of investor education. "The reality with these CD come-ons is that you may end up walking out with a costly financial product that is not a CD, and not risk-free."... HIGHLIGHTED EVENT: Are you a new investor with limited knowledge about options? Attend an Options Industry Council (OIC) Investor Education Seminar near you ...

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Board of Governors of the Federal Reserve System/The Federal Reserve System. The Federal Reserve System is the central bank of the United States. It was founded by Congress in 1913 to provide the nation with a safer, more flexible, and more stable monetary and financial system; over the years, its role in banking and the economy has expanded.



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