Equity, Debt, and Investment Risks

Free FINRA SIE (Securities Industry Essentials) lesson in Understanding Products and Their Risks. 22 min read, ~3,353 words.

Common stock = ownership, voting, last in liquidation; preferred = fixed dividend, no voting, ahead of common but behind bonds. Rights are short-term at a discount to market; warrants are long-term at a premium to market. ADRs let U.S. investors buy foreign equities in dollars but add currency and political...