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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Nov 30, 1993
Page
6
New York AP outlines two key questions for investors: by whom is the product insured or guaranteed, and against what risks. It explains that mutual funds are not government insured or guaranteed, though some government-backed securities exist.
Washington AP report notes a SEC survey of 1,000 households finding 47 percent own mutual funds and many investors misjudge protection. It cites fears of losses in markets versus bank deposits insured up to 100000 per account, with 28 percent wrongly assuming all bank sold mutual funds are federally insured.
Creative Nails & Etc formerly operated by Myra Yusupov opens in the Francis Scott Key Mall Frederick. The salon offers custom nail work and expands to beauty and makeup services with associates Ina Mayne Sonya Fink Natachi Shrhatinkin and Tilers Sarge involved.
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