The Securities and Exchange Commission (SEC) will focus on key emerging issues such as the increasing initial coin offerings (ICOs) and digital coins, blockchain technology and other innovations during the World Investor Week that is currently underway. At the same time, it would also stress the importance of investment basics and savings.
The International Organization of Securities Commission (IOSCO) has promoted the week-long event along with six continents’ regulators. This is the second year that the event is being conducted mainly to educate investors so that they could avoid fraud by being smart. The Financial Industry Regulatory Authority (FINRA) and Commodity Futures Trading Commission (CFTC) have joined the SEC to lead the efforts. The move assumed significance in the wake of several frauds coming to the open in the digital currency sector.
As part of the efforts, these regulators will promote key messages while Office of Investor Education and Advocacy (OIEA) of the SEC have developed a guide for teachers. This will offer K-12 educators the basics of saving and investment apart from retirement planning and steps to be taken to defend themselves against any frauds.
SEC chairman, Jay Clayton, said,
“World Investor Week provides us the opportunity to highlight the valuable tools and information made available by the SEC to help everyday Americans save, invest, and take better control of their financial future.”
He said that its staff would engage themselves in educating the investment basics. This included researching investment products, setting investment goals, and understanding the compound interest power.
During the week, the SEC disclosed that its staff will also engage themselves in a joint chat with the American Army in Twitter to offer tips on saving and investment. Apart from this, they will also participate in a national teacher’s conference offering guidance. The staff will also make a number of presentations and webinars on savings and investments. They will target students, women’s organizations, seniors and military men.