FINRA is the Financial Industry Regulatory Authority and is the agency that licenses and regulates stock brokers and the broker-dealer firms they work for. Recently the FINRA Investor Education Foundation released a new study American Renters and Financial Fragility, highlighting the vulnerability of renters.
The study, which can be accessed at the link above, found that nearly a quarter of those who rent, rather than own, their home said they have difficulty covering their monthly bills and 58% said that they probably or definitely could not come up with $2,000 in 30 days in the event of an unexpected expense. This compares to 29% of the homeowners responding to the same question.
Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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