Investor Alerts
NASD Fines Two Fidelity Brokerage Firms for Distributing Misleading Sales Literature About Systematic Investment Plans Sold to Military Personnel
NASD fined two Fidelity broker-dealers $400,000 for preparing and distributing misleading sales literature promoting Fidelity's Destiny I and II Systematic Investment Plans, which were sold primarily to U.S. military personnel.
As part of the settlement, for the next five years, the two broker-dealers—Fidelity Investments Institutional Services Company, Inc. of Smithfield, RI, and Fidelity Distributors Corporation of Boston—are required to notify Destiny Plan holders who want to increase their investments in existing Destiny Plans that additional shares of the underlying fund can be purchased outside the Destiny Plans without paying the additional creation and sales charges of up to 50 percent on the first year's payments. Read the Article
"China" Stocks—Look Beyond the Name Before You Invest
Economic growth in China and strong performances by the Shanghai and Shenzhen Composite Indices are fueling the touting of low-priced “China” stocks. But some of the companies being touted all too often have no actual connection to China’s stock markets. We are issuing this Alert to warn investors about scams that promote the latest “hot” China stock and to provide information on how to invest wisely in China. Read the Alert
|
Investor Tools
New, Improved NASD BrokerCheck Goes Live
NASD has launched an updated, redesigned version of its popular online BrokerCheck service. The updated version expands the amount of information about individual brokers and securities firms available to the public, and promises a more user-friendly experience.
Use NASD BrokerCheck
Read the News Release
Investor Education
Know the Score: How Your Credit Score Impacts Your Financial Future
Are you thinking about making a major purchase such as buying a home? Purchasing a home and securing credit to buy that home tend to go hand in hand. Did you know that your credit score is one of the key factors that determines the rate of interest that you will pay for a home loan—and whether you get that loan or not? Credit Score Basics and More
|
Have Questions? SaveAndInvest.org Has Answers
SaveAndInvest.org's FAQ system delivers relevant answers to your questions 24/7. You can access the FAQ from virtually any page on the Web site by clicking the "Contact Us" link.
If you don't find an answer, your question will be automatically routed to the right subject matter expert, who can provide responses via email.
|
