Wednesday, April 13, 2005
Nancy Condon (202) 728-8379
Sarah Bohn (202) 728-8988
NASD Promotes Investor Education in Louisiana
Washington, D.C.— Investing for retirement and tools for choosing a trustworthy broker will be the focus of NASD's role in the Constituent Opportunities Expo sponsored by Louisiana Congressman Richard Baker on April 30. The expo will offer educational seminars and the opportunity for Baton Rouge residents to speak one-on-one with representatives of a wide range of government agencies and service organizations.
"We are pleased to be able to participate in an event that will provide Louisianans with the best possible information for making any investment decision," said Robert R. Glauber, Chairman & CEO of NASD, who also serves as Chairman of the NASD Investor Education Foundation. "We want to make sure investors know about the wide range of NASD resources available to them, and how to utilize those resources for their own benefit."
The expo is free to the public and will take place at the State Police Training Auditorium at 7901 Independence Blvd., in Baton Rouge from 8:30 am until noon.
The NASD Investor Education Foundation has also announced funding for an educational program called Saving and Investing for Louisianans (SAIL), which is being developed by the Louisiana State University Agricultural Center for the state's public school employees. Curricula will be developed to encourage and empower school employees - from custodial, transportation and food service workers to teachers and administrators - to take control of their financial futures, and will include presentations, participant workbooks, class activities and evaluation instruments. Topics to be addressed include: financial basics, basics of investing, investment options, and protecting investments. Curricula are being developed at income and literacy appropriate levels to reach the diverse needs of school employees. Classes will be conducted by experienced financial educators and held at the employees' jobsites.
In time, SAIL's benefits will extend beyond the state's public schools systems. SAIL is being developed in a way that can be adapted for use in other workplaces such as hospitals, manufacturing facilities, retail and government. The program will also be posted on the Louisiana State University AgCenter Web page.
"This will be the first program that addresses the financial needs of these state employees," said Glauber. "By providing curricula for employees of schools and other institutions, we hope to increase the amount of unbiased and effective information easily available to these investors."
Development of SAIL is expected to be completed in the fall of 2006, and will be introduced in Acadia, Ascension, Calcasieu, Franklin, Livingston, Ouachita, St. Bernard, St. Charles, Terrebonne, and Washington parishes.
The NASD Investor Education Foundation, established in 2003, supports educational programs and research with the goal of providing investors with high-quality, easily accessible information and tools to better understand investing and the markets. The Foundation recently awarded more than $1 million in total to 11 organizations, including the Louisiana State University Agricultural Center, for new educational programs and research projects targeting the underserved segments of the population. The NASD Investor Education Foundation formally launched its second full grant cycle on April 5, inviting non-profit groups and researchers to apply for funding. Grant proposals must be submitted by June 3, 2005. For details about grant programs and other new initiatives of the Foundation, visit www.nasdfoundation.org.
NASD is the leading private-sector provider of financial regulatory services, dedicated to investor protection and market integrity through effective and efficient regulation. NASD believes that understanding should precede investing - and that education is often the best form of investor protection. NASD's broad range of investor education programs include Investor Alerts, brochures and online resource guides on such critical topics as mutual fund class shares and 401(k) and college savings plans. This information is distributed through its Web site, www.nasd.com, printed materials and Investor Forums.