Retail investors have yanked money out of stock mutual funds for 17 straight weeks. And the still unexplained May 6 “flash crash” — when the Dow Jones industrials plunged more than 600 points in minutes before recovering — is increasingly being cited as a key reason the public has been selling. In a speech Tuesday, Mary Schapiro, chairman of the Securities and Exchange Commission, said the SEC was informed by retail brokers that the Main Street investors they cater to “have pulled back” from the stock market since the flash crash.
Schapiro: Fleeing investors question stock market integrity
Most Popular Articles
Latest Articles
Download these 9 real estate prospecting letter templates that actually work
Build your business with direct mail using these expert-written real estate prospecting letter templates.
-
14 powerful tips to master networking as an introvert in real estate
-
Fintech startup Hitch rolls out white-label HELOC product
-
6 best real estate schools in Washington (WA) for 2024
-
Rick Roque departs CrossCountry Mortgage to join Sierra Pacific
-
Brokerage executives double down on their lead generation strategies