Free Financial Education Forum for Military Personnel And Families Featuring Top Regulators, Sen. Daniel Akaka Set for Honolulu
Washington, DC — The NASD Investor Education Foundation, in partnership with Pacific Command Military Family Support Centers, will host a free financial education forum in Honolulu to help military personnel and their families better understand saving and investing and to provide objective information to help them invest wisely for their future. The forum is co-sponsored by Sen. Daniel Akaka and the State of Hawaii Department of Commerce and Consumer Affairs.
The forum will be Wednesday, April 12, at the Hawai'i Convention Center in Honolulu. The event is open to active duty servicemembers, spouses, military retirees and Department of Defense and Department of Homeland Security civilian employees and their spouses.
At the forum, two of the nation's top experts on the securities industry - Robert Glauber, Chairman of the NASD Investor Education Foundation and Chairman and CEO of NASD, and Mary Schapiro, a member of the Foundation's Board of Directors and NASD's Vice Chairman and President of Regulatory Policy and Oversight - will provide guidance on the fundamental principles of saving and investing and highlight important tools and resources to help servicemembers and their spouses become more informed. Breakout sessions will follow the General Session, which will allow attendees to learn about specific financial issues, including Smart Saving and Investing: Avoid the Predatory Loan Trap; What to Look for in an Investment Advisor; Mutual Funds, 529 Plans and More; and Smart Saving for Retirement.
"Like all of us, military families must plan for major financial events, like purchasing a home, saving for college and retirement - but unlike most of us, they have to do so on the go, from literally anywhere in the world," Sen. Akaka said. "This forum recognizes the unique challenges faced by our nation's military personnel and their families and aims to provide them with the tools they need to save and invest with confidence."
Research conducted in June 2005 found that only 29 percent of military personnel who currently invest received a passing grade on a quiz about basic financial knowledge. However, 58 percent of survey respondents said that it was very important to them that they become more knowledgeable about saving and investing.
"Education is the best way to protect investors from costly mistakes, and we want to make sure that servicemembers and their families know about the wide range of resources available to them," Glauber said. "The Web site we have created specifically for military personnel and their families, SaveAndInvest.org, provides tools and resources free of charge that can be accessed from anywhere in the world."
SaveAndInvest.org is a free service of the NASD Investor Education Foundation. The Foundation's financial education forums are one aspect of a multifaceted program to help members of the military and their families take control of their finances. In partnership with the Department of Defense, the U.S. Securities and Exchange Commission, the National Military Family Association, and other organizations, the Foundation is committed to providing financial education to military families.
NASD Investor Education Foundation Military Financial Education Forum - Honolulu
Wednesday, April 12
|9:30 a.m. — 10:30 a.m.||Registration and Complimentary Breakfast|
|10:30 a.m. — 12:00 p.m.||Welcome and General Session|
|12:30 p.m. — 1:20 p.m.||Financial Seminars: Smart Saving and Investing:
|1:30 p.m. — 2:20 p.m.||Financial Seminars:
Hawai'i Convention Center
1801 Kalakaua Avenue • Honolulu, Hawaii 96815
The NASD Investor Education Foundation, established in 2003, supports innovative research and educational projects that give investors the tools they need to better understand the markets and the basic principles of saving and investing. The Foundation has awarded more than $3.7 million in grants for educational programs and research projects targeting the underserved segments of the population. 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 and complementary compliance and technology-based services. More than 5,100 brokerage firms, roughly 116,000 branch offices and more than 650,000 registered securities representatives come under NASD's jurisdiction. NASD touches virtually every aspect of the securities business-from registering and educating all industry participants, to examining securities firms, enforcing both NASD rules and the federal securities laws, and administering the largest dispute resolution forum for investors and securities firms. For more information, please visit our Web site at www.nasd.com.