Individual investors remain cautious, due to the lingering effects of the recessionand the so-called flash crash, TD Ameritrade President and CEO Frederic Tomczyk told CNBC Friday, but he said that they will eventually come back.
“It hasn’t been great if you’ve been in equities,” said Tomczyk. "The flash crash and the economy have had an impact. More people are saving and taking responsibility for their retirement.”
The flash crash on May 6sent the Dow Jones industrial average plunging nearly 1,000 points in less than a half-hour, causing panic among investors.