Among the criticisms I have leveled against FINRA are (1) that it is increasingly acting like a claimant’s arbitration attorney, by taking every possible opportunity to blame member.
Advisers scramble to make sense of recent market volatility
As broad market indexes continue to decline, giving back most of the gains they ve made so far this year, advisers say clients are growing fearful of a repeat of March 2020.
March 5, 2021 3 MINS
With the S&P 500 Index down more than 3% over the first five days of March and hovering near its level at the start of the year, financial advisers say some clients are starting to worry that stocks are heading for a repeat of the market volatility seen in March 2020, when stocks fell by more than 20% over three weeks.
Last year’s pullback was linked to growing fears about the impact of the still relatively unknown Covid-19 virus, which is not what’s driving the markets now. But the memory is fresh enough that advisers say some clients are getting nervous.