(Bloomberg) -- Retail investors jumped head first into last month's market rally -- just in time to get burned by a correction. E*Trade Financial Corp. added 64,581 gross new brokerage accounts in January, according to a company statement. That's the most in a month since September 2016 and came as the S&P 500 Index capped a 19 percent annual gain.
To contact the reporter on this story: Sarah Ponczek in New York at sponczek2@bloomberg.net.
To contact the editors responsible for this story: Jeremy Herron at jherron8@bloomberg.net, Richard Richtmyer, Nancy Moran
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