FINRA Investor News

November 2013


Investor Alert


Closed-End Fund Distributions: Where is the Money Coming From?


Investor Alert: Closed-End Fund Distributions: Where is the Money Coming From?Closed-end funds have become popular investments because some offer high distribution rates—as high as 6 percent or more. Investors considering closed-end funds should understand that while a fund's distributions can include interest income, dividends or capital gains, in some cases distributions also include a return of principal. A new Investor Alert called Closed-End Fund Distributions: Where Is the Money Coming From? explains what closed-end funds are, how they differ from traditional mutual funds, what a distribution rate is and what to ask before investing.


Investor Resource


Podcast: Are You at Risk for Scams?


Podcast: Are You at Risk for Scams? When it comes to financial fraud, America is a nation at risk. More than 8 in 10 Americans have been solicited for potential fraudulent offers. Far too few are able to detect fraudulent sales pitches. With our tips, you can learn to protect yourself from financial scams.


Listen  | 4 min. 27 sec.



Investor News


IRS Warns Consumers of Possible Scams Relating to Relief for Typhoon Victims


The IRS issued a warning about possible scams taking place in the wake of Typhoon Haiyan, which affected the Philippines earlier this month. Following major disasters, it is common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers. Such fraudulent schemes may involve contact by telephone, social media, email or in-person solicitations. Read the IRS tips to avoid these scams.




FINRA Releases Enhanced BrokerCheck Tool


FINRA recently released an enhanced version of BrokerCheck that allows investors to more quickly access and more intuitively understand the professional background of investment professionals.The BrokerCheck results are now presented in a graphical timeline, illustrating the industry professional's employment status and history, industry registrations and any reportable events such as customer disputes or disciplinary actions that may have occurred during his or her career. Investors can access BrokerCheck online or by calling (800) 289-9999.



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11/12/13 – Self-Regulatory Organizations Response to SEC for Strengthening Critical Market Infrastructure


11/6/13 – FINRA Fines TD Ameritrade Clearing and SG Americas Securities a Total of $1.8 Million for Required Options Positions Reporting and Supervisory Violations



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