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In the spring 2008 issue ...
WELCOME TO INVESTOR EDUCATION @ IFIE
INVESTOR EDUCATION AROUND THE GLOBE
IFIE MEMBER PROFILE
Welcome to "Investor Education @ IFIE"
You are now reading the first quarterly e-newsletter published by the International Forum for Investor Education
(IFIE). As a person with an interest in investor education, you are
receiving this e-newsletter so that you can get a better sense of the
benefits of joining the International Forum for Investor Education
The primary objective of IFIE is to improve the global standard of
investor education in order to help investors in all financial markets
to better understand the risks and opportunities associated with various
types of investments and the process of investment. To accomplish its
objective, IFIE is committed to: (1) serving as a forum for the exchange
of information among providers of investor education operating in
different jurisdictions; (2) establishing and promoting best practices
for investor education on a global basis; and (3) encouraging the
establishment of comprehensive investor education programs.
You can learn more about joining IFIE by clicking or
contacting Ailis Aaron Wolf at +1 703 276 3265 (US) or
firstname.lastname@example.org. Please take the time today to explore what
IFIE has to offer you and your organization!
and the International Organization of Securities Commissions (IOSCO)
joined together on October 1-2, 2007 to hold their first joint investor
education conference. Entitled "Investor Education Developments in the European Union and Around the Globe," the conference was held at the original BME stock exchange facility in downtown Madrid.
More than 100 investor education professionals from around the globe
attended the successful event, which featured speakers and panelists
from more than two dozen nations. As a service to investor education
professionals, much of the conference is available for review on the
Web. Highlights of the IFIE/IOSCO investor education conference
- Keynote Address â€“ Mary Schapiro, CEO, Financial Industry Regulatory Authority (USA).
- Protecting Investors through Investor Education
- moderated by John Gannon â€“ Senior Vice President for Investor
Education, FINRA (U.S.) and featuring panelists: Shin Akamine - Senior
Manager, CSR Promotion, Tokyo Stock Exchange; Rafael Febres- Cordero -
Managing Director for Fidelity International in Southern Europe and
Latin America, Fidelity International (Spain): and Jonathan Chapman -
Head of Financial Capability Department, Financial Services Authority
Speaker - Securities Industry and Financial Markets Association Senior
Managing Director for Europe and Asia Karsten Moller.
- Investor Education Elsewhere Around the Globe
moderated by Roberta Wilton â€“ President and CEO, CSI Global Education
Inc. and featuring panelists: Norio Inomata - General Manager,
Securities Education Division, Japan Securities Dealers Association;
Kun Ho Hwang â€“ Chairman, Korea Securities Dealers Association; Gerry
Anderson â€“ Deputy Executive Officer, Financial Services Board (South
Africa); and Hesham Ibrahim â€“ Chief of Chairman Technical Affairs,
Capital Market Authority (Egypt).
For full details about the online information available from the IFIE/IOSCO investor education conference, click here.
Investor education news around the globe
The Securities and Exchange Board of India
(SEBI) has created an Investor Protection and Education Fund and is
inviting public comments on the draft regulations that will govern the
Fund. The deadline for submitting comments is April 10, 2008. The new
SEBI Fund will be used for the purpose of education programs through
print and electronic media, organizing seminars and symposia and
conducting research & development. The Fund also will be used for
projects for investor education and protection including research
activities and for financing such projects and coordinating with
investors' associations registered with SEBI. You can visit the SEBI
investor education Web site here.
A major force in Thai investor education may be looking for a new home if plans are completed for privatizing the Stock Exchange of Thailand
(SET). Reforms of the SET are being explored, including a possible
shift to a for-profit corporation. According to the Bangkok Post:
"The model is similar to that used by the Singapore Stock Exchange
during its own demutualization â€¦ The responsibility for investor
education programmes and marketing would â€¦ shift away from the SET if
it was transformed into a for-profit company. SET expenses, which
include investor education and marketing programmes, account for 92% of
the exchange's annual revenues." For more information about changes
afoot at the SET, please click here.
JAPAN SECURITIES DEALERS ASSOCIATION
JSDA is a hybrid association functioning both as a self-regulatory
organization (SRO) and as a trade association in the Japanese securities
market. Today JSDA comprises more than 500 members consisting of
securities firms and other financial institutions operating securities
business in Japan.
As a full-fledged SRO, JSDA extensively regulates market
intermediaries. Its self-regulatory functions cover rule-making,
enforcement, inspection, disciplinary actions, accreditation of sales
representatives, and dispute mediation.
As a trade association, JSDA provides the industry's voice to the
government and other related parties, conducts and promotes investor
education to expand the base of knowledgeable investors, and implements
various researches and studies to generate policy recommendations for
further activating the market.
In 2001, the Japanese securities industry formed the Project for
Dissemination of Securities Knowledge to create a cross-market
organization to promote investor education on a continuing basis over
the long term. Comprising such securities-related organizations as
JSDA, the Tokyo Stock Exchange, and The Investment Trust Association,
the project is carrying out a variety of investor education activities
on a cooperative basis:
- Providing educational materials for middle and high school students.
- Offering a Stock Market Game for middle and high school students.
- Offering a website for school teachers and students (www.shokenquest.jp)
- Running internship programs for teachers at all school levels.
- Holding Financial and Economic Education Forum.
- Holding events on Securities Investment Day (October 4th).
- Holding Securities Investment Seminars as a spring event.
For more details about the JSDA's investor education efforts, click here.