JOINS INVESTOR ED CAMPAIGN APRIL 23-27, 2001
Winnipeg April 18, 2001 – Joining provincial securities regulators
from BC to Nova Scotia, Manitoba is kicking off an Investor Education
campaign April 23-27, 2001 aimed at raising financial IQs and helping
residents recognize and avoid securities fraud.
As part of the second annual Investor Education Week Campaign, representatives
from The Manitoba Securities Commission will be writing newspaper columns,
offering free presentations, and working with schools to reach out
to residents of all ages and backgrounds.
“The goal of this campaign is to help investors understand their
financial needs and help them develop a comprehensive strategy for
meeting them,” said Don Murray, Chairman of the Commission. “Stock
market volatility has people looking for somewhere ‘safe’ to put their
money. Many people are expecting the sort of double-digit returns they
saw over the last decade in the stock market. Con artists know this,
so they promise high returns with low risk. Investors should continually
remind themselves that risk and return almost always go together.”
During the week-long effort, provincial securities regulators will
join a broad-based coalition of consumer groups, industry representatives
and regulators to focus on youth financial literacy, ways to guard
against fraud and how to prepare for retirement.
The Manitoba Securities Commission is offering
two evenings of free presentations, an afternoon lunch and learn
session, a youth web based
investment quiz and an industry breakfast all of which focus on the
theme of “Invest Time before you Invest Money.”
While volumes of investment expertise are now available at the click
of a mouse, provincial securities regulators remain investors’ first
line of defense against fraud. They investigate complaints, bring enforcement
actions, register brokers and educate investors at the grass-roots
level.
For more information on provincial activities contact:
Ainsley Cunningham
Education and Information Coordinator
The Manitoba Securities Commission
(204) 945-4733
aicunningh@cca.gov.mb.ca