FINRA Investor News


April 2013

Updated Investor Alert


Updated Investor Alert: Municipal Bonds—Important Considerations for Individual InvestorsMunicipal Bonds—Important Considerations for Individual Investors

Municipal securities—including municipal or "muni" bonds—are securities issued by states, cities, counties and other governmental entities to raise money to build roads, schools and other projects. We are re-issuing this Alert to remind investors that while munis have historically been considered relatively conservative investments, they do, like all bond investments, carry risk.


View all FINRA Investor Alerts.



Investor Podcast


Investor Podcast: No Rainy-Day Savings Can Lead to Mortgage ProblemsNo Rainy-Day Savings Can Lead to Mortgage Problems

The FINRA Investor Education Foundation released a study that looks at the relationship between rainy-day funds and mortgage payments during the Great Recession. The study suggests that having a rainy-day fund can make the difference between staying in your house or facing foreclosure when faced with a large and unexpected drop in your income.


Listen | 2 min. 59 sec.



Investor Resource


Retire on Your Terms


Developing trends have made planning for and funding retirement more difficult. Still, you may be able to retire on your own terms if you develop and manage a comprehensive retirement plan. Go to for tools and resources to help you plan and save for retirement.





4/16/13 – FINRA Fines Merrill Lynch $1 Million and Orders Restitution of More Than $320,000 for Failing to Provide Customers Best Execution in Non-Convertible Preferred Securities Transactions


4/15/13 – FINRA Files Complaint Charging John Thomas Financial, CEO Tommy Belesis With Fraud


4/11/13 – FINRA Files Temporary Cease-and-Desist Order Against Success Trade Securities and CEO Fuad Ahmed to Halt Fraud


3/13/13 – FINRA Foundation Study Finds No Rainy Day Savings Can Lead to Mortgage Problems



FINRA Investor Education Foundation


Can You Ace the Quiz?

April is Financial Capability Month, and FINRA Foundation research shows that only 14 percent of Americans could pass our financial literacy quiz. This is a great time to test your knowledge—and review the basics of money management. Share this info with your friends and family. And if you know any teenagers, show them our Teens & Money section on

Learn From One Investor Who Lost $100K to Fraud

Protecting yourself from investment fraud can be as simple as checking if the seller and the investment are registered with FINRA or the SEC. Not doing these things can result in irreversible financial damage—as Robert Kalinowski's father learned. Listen to Kalinowski's story.




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