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Is it true that the NASD has issued warnings to advisors that advise their clients to refinance their houses and invest the equity into securities?

April 26, 2017advise advisors clients houses invest issued NASD Refinance warnings

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Is it true that the NASD has issued warnings to advisors that advise their clients to refinance their houses and invest the equity into securities?

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Yes, in March of 2004 the NASD issued a warning to all of its members. In essence, they warned against advisors recommending that their clients take equity out of their homes and invest it in securities. We at Ogan Financial Group, Inc. applaud the NASD for taking this position as many Financial Professionals were placing their clients in questionable investments.