Tomorrow the Securities and Exchange Commission will be launching a website devoted to educating investors. Interested parties should visit www.investor.gov to investigate the information available. This website will join others, namely that of the Financial Industry Regulatory Authority: http://www.finra.org/Investors.
Such sites aim to educate investors in the hopes that they will be armed with the knowledge to invest in suitable products. Also, with education, investors will be more able to avoid situations in which they are taken advantage. These sites have information and tips for those just beginning to invest as well as for those reaching retirement and beyond.
One useful tool available on FINRA’s website, which is also accessible through the SEC’s new site, is BrokerCheck®. This tool allows you to do an investment specific background check on any registered broker. With this information, you are able to make a more informed decision as to whom you entrust with your money.
For more information on this and other tools and tips, please visit the abovementioned sites.
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