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What The Spate Of Brokerage Blowups Means For Investors

Monday, November 26, 2012 - 7:18 AM
From the Wall Street Journal
Small investors have been shaken by a recent spate of brokerage mishaps, leaving some people worrying if their own assets are safe.

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Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,633
1. Wednesday, November 28, 2012 - 1:20 PM
I think it is up to the investor to do their homework and research whatever brokerage they do business with.  If they are going to buy uninsured investments,  it doesn't matter if they are with Fidelity or Joe McSnooz Brokerage, they can still lose money.  No matter how many articles which are written, we are always going to have people who have a need to make more money faster and laugh at CDs (especially now).  They are playing the risk game no matter which brokerage they select, imo.
paoli2paoli21,400 posts since
Aug 10, 2011
Rep Points: 6,132