Home Equity into the Stock Market
Brokerage regulator NASD warns against plowing home equity into the stock market. Home owners are being encouraged by brokers to use the equity in their home to play the market. NASD has reminded brokers that they have a responsibility to investors, to advise them not to put their savings into unsustainable investments.
US regulator warns of risky home-equity investing
"Brokers should make sure investors understand that they could lose their homes if investment returns will not cover new mortgage or line of credit obligations, NASD said.
Further, investors need to know that brokers earn fees and commissions by getting clients to invest in the market with money from refinancings or home equity lines of credit." reuters
US regulator warns of risky home-equity investing
"Brokers should make sure investors understand that they could lose their homes if investment returns will not cover new mortgage or line of credit obligations, NASD said.
Further, investors need to know that brokers earn fees and commissions by getting clients to invest in the market with money from refinancings or home equity lines of credit." reuters

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