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FINRA Investor News

January 31, 2008
 

Investor Information

Protect Your Identity: FINRA Launches New Resource to Protect your Personal Financial Information and Avoid Identity Theft


Identity theft occurs when someone obtains your personal information and uses it to take your money or to commit fraud or other crimes. It's much more than an inconvenience—it can devastate your credit rating and derail financial security.


Use our resources at www.finra.org/identitytheft to safeguard your personal and financial information.


Safeguarding Your Financial Information: An Identity Theft Prevention Checklist
Reports of lost laptops or security breaches at financial institutions can spark fears about identity theft. But these aren’t the only ways identity theft can happen. Safeguard your sensitive information and help keep identity thieves at bay by using FINRA's Checklist.


When should you give out your Social Security Number?
Not every request for your Social Security number is an effort to steal your identity—but not every request is mandatory. Visit www.finra.org/identitytheft to learn more.


   

Investor Alert

Keeping Your Account Secure: Tips for Protecting Your Financial Information


Your brokerage firm has an obligation to safeguard your personal financial information. But even the best procedures cannot prevent all instances of identity theft—especially if the vulnerability lies with you, the customer. Our latest Investor Alert provides tips on how to protect your passwords and PINS and maintain your computer security.


Saving and Investing


President's Council on Financial Literacy


Mary Schapiro, CEO of FINRA and Chairman of the FINRA Investor Education Foundation, was named to the newly-formed President's Council on Financial Literacy in a January 22nd ceremony at the White House. Also appointed were two FINRA Foundation grantees, Tahira Hira from Iowa State University and Robert Duvall from the National Council on Economic Education. The Council was established through an Executive Order "to help keep America competitive and assist the American people in understanding and addressing financial matters."


Read the Executive Order and transcript of the Naming Ceremony.





Tools You Can Use


A joint effort of AARP, FINRA and the Retirement Security Project (RSP) is aimed at helping Americans save for a secure financial future. The Retirement Made Simpler (RMS) campaign provides employers tools, research and tips to help them automate their 401(k) plans at www.retirementmadesimpler.org.


The number of companies that have adopted automatic 401(k)s has increased steadily in recent years because these programs work and employees like them, as demonstrated by recent studies. For example, a Retirement Made Simpler research study conducted by Harris Interactive® showed that 98 percent of employees with automatic 401(k)s like them, 97 percent are glad their companies offer them, and 85 percent say that it has helped them save earlier than planned.





America Saves Week is February 24-March 2




Learn More



Past Issues of Investor News Available


In response to numerous requests, previous issues of Investor News are now available on our Web site.


   

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Questions? Search our FAQ database.


FINRA's Web site delivers relevant answers to plain English questions 24/7. Once on the FINRA FAQ home page, you can:

  • view our top ten most popular frequently asked questions;
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  • browse frequently asked questions by topic or category.

If you don't find an answer, use the "Ask an Expert" link within any FAQ and the system automatically routes new questions to the right subject matter expert, who will provide responses via email.



 

Visit the FINRA Investor Education Web site at http://investors.finra.org.


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