Stocks fell last Friday for the worst fall in three years. This Wall Street fall impacts Main Street.
/24-7PressRelease/ - January 23, 2006 - Can the average individual investor sustain the losses in his or her investment securities accounts that typically are used for future needs such as retirement, education for kids, and similar goals?
Paul N. Young, a nationally known securities expert, says "No. The average investor we come across in our work for individual investors seeks long term growth with safety of principal. With high oil prices, a volatile world news situation, corporate earnings less than expected for many top corporations, a pension system that is failing America, health care costs that are explosive, the Main Street investor is at risk more today than in the last five years."
What is worse is when an individual investor is lied to by a stockbroker or stock brokerage. It happens everyday to many Americans who put their trust, reliance, and money, with large and small stock brokerages across the country.
Last year, securities arbitration, the system for recovering money for investors lost through the misdeeds or negligence of Wall Street, took in over 9,000 claims filed by and for Americans who believe they were "burned" by their stockbroker. That's 25 new claims every single day from investors from all walks of life, all educational levels, occupations, locations. Securities abuse and misconduct is unrelenting and does not discriminate.
The outlook for 2006 for investors? "Troubling," says Paul N. Young. The risk for Main Street investors being burned by Wall Street investors? "More so," concludes Young. "When the stock market is in a volatile or uncertain state, or the pendulum is swinging against corporations large and small, then the increased risk for investors is real. It is then when stockbroker churn accounts, sell people unsuitable stocks, misrepresent the facts and risks of stocks and other securities, put people in expensive and risky margin accounts. The rise in losses due to such misconduct is real. The loss in dollars is real and no less so is the emotional cost burned investors pay."
Paul Young, securities arbitration commentator, is the managing director of Securities Arbitration Group which represents burned investors in securities arbitration and mediation nationwide (in most states). He is also a fee-only financial planner, unbiased and unaffiliated with any company who a) has no conflicts of interest; b) never touches any client's money; c) receives no compensation from any source other than clients.
The Securities Hotline @ 1-800-222-4724 helps people who think or know they've been burned by Wall Street. Financial planning services information available by calling the same number.
Available for interviews (print/air), PAUL N. YOUNG, securities arbitration commentator and financial planner is a compelling, fully all-media experienced communicator who believes that securities arbitration is "the best thing since chocolate ice cream."
SECURITIES HOTLINE - 1-800-222-4724
For Interview Requests: Caren Gellman. Telephone: 1-310-826-0278
Or email: FraudFight@aol.com
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