Educating the Investor “ The false advertising” Dr. Fadi Khalaf Secretary General Union of Arab Stock Exchanges Cairo October 8 - 2010.

Slides:

Advertisements

Similar presentations

Financial Management –Spring 2013 Chapter 2: Financial Markets And Institutions 1.The Importance of Financial Institutions 2.The Flow of Savings to Corporations.

Advertisements

Dr. Ahmed Saad Chairman of Middle East North Africa (MENA) IFIE Regional Subcommittee, and Chief Advisor of the Egyptian Financial Supervisory Authority.

©2007, The McGraw-Hill Companies, All Rights Reserved Chapter Ten Derivative Securities Markets.

Get Noticed! Attract Members! Support Adoption! It's All About XBRL Jurisdiction Marketing Brad J. Monterio – Colcomgroup, Inc. December 4, 2007 Vancouver,

Copyright © 2003 South-Western/Thomson Learning. All rights reserved. Chapter 21 Commodity and Financial Futures.

March 2008 Turkish capital market institutions - competing and cooperating in a rapidly developing financial market Nevzat ÖZTANGUT, TSPAKB.

BBA, MBA (Finance & Banking), DU

Futures, Swaps, and Risk Management

Chapter 1 - Financial Management  Learning Objectives  Describe the “Cycle of Money”  Distinguish the four main areas of finance  Discuss financial.

GBUS502 Vicentiu Covrig 1 Financial Markets and Institutions (chapter 2)

Financial Intermediaries Indirect Finance –An Institution stands between lender and borrower. Direct Finance –Borrowers and lenders deal directly with.

McGraw-Hill/Irwin © 2007 The McGraw-Hill Companies, Inc., All Rights Reserved. CHAPTER 1 Investments - Background and Issues.

Business Organization and Financial markets Some basic concepts Financial management: Lecture 2.

Chapter 1 Overview of Financial Management  Introduction  Class Structure - Syllabus  Text – Preliminary Draft of Fin. Mgmt.  Exams – Open Book and.

CEP Industry Research Group 2 Hong Kong Financial Regulation and Supervision.

Money & Banking Week 1 1/24/2006.

Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill /Irwin Chapter Ten Derivative Securities Markets.

Section 12-2-Regulatory Agencies and Laws.   These agencies make or enforce rules and regulations  Agencies provide oversight or supervision of activities.

Chapter 1 Introduction to Derivatives. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 1-2 What Is a Derivative? Definition  An agreement.

The Big Picture of Investing Dr. Lakshmi Kalyanaraman1.

Chapter 1 Introduction to Derivatives. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 1-2 What Is a Derivative? Definition  An agreement.

16-1 Copyright © 2013 Pearson Education, Inc. publishing as Prentice Hall Chapter 16 Managing Finances.

 Restricts the liability of a partner for the amount of the partner’s investment.

Futures, Swaps, and Risk Management

Stock Market Teacher: Washington Macías R. ICHE - ESPOL.

“Scandals” or media beat ups? Crisis or blessing? The United States Australia – how does the Australian system work? What responses have we seen in Australia?

1 Risk Cash flows do not match EXPECTATION. Is a company with roller-coaster like sales figure a risky company? Why are Pharmaceutical companies so big?

McGraw-Hill/Irwin Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 3 Financial Instruments, Financial Markets, and Financial.

1-1 Financial Investing Presentation to USF Graduate & Professional Student Council 05/21/10 Delroy M Hunter.

1 Futures Chapter 18 Jones, Investments: Analysis and Management.

Sources of Business Finance

THE PECULIARITIES OF WORKING ON INTERNATIONAL COMMODITY AND STOCK EXCHANGES DNIPROPETROVSK 2015 ALFRED NOBEL UNIVERSITY, DNIPROPETROVSK International Economics.

© 2012 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publicly accessible website, in whole or in part.

Business Ethics and Social Responsibility Chapter 2.

The Foreign Exchange Market & The Global Capital Market.

 Derivatives are financial instruments whose value is derived from the value of something else.  The main types of derivatives are: futures forwards.

Financial Markets Why Study Financial Markets?. Financial markets channel funds from savers to investors, thereby, promoting economic efficiency. Financial.

What political and regulatory forces will influence the market?

Chapter 2 Business Ethics and Social Responsibility Learning Goals Explain the concepts of business ethics and social responsibility. Describe the factors.

P/E Ratio P/E ratio = current share price / E.P.S., where E.P.S. is earnings per share P/E ratio = current share price / E.P.S., where E.P.S. is earnings.

Business Ethics and Social Responsibility Chapter 2.

Chapter 26 Principles of Corporate Finance Tenth Edition Managing Risk Slides by Matthew Will McGraw-Hill/Irwin Copyright © 2011 by the McGraw-Hill Companies,

McGraw-Hill/Irwin Copyright © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. Investments - Background and Issues.

PRIMARY VERSUS SECONDARY MARKETS

Unit 10: Personal Finance Saving & Investing. Ways to Save  Savings accounts  Certificates of Deposit (CDs)

FOREIGN EXCHANGE & INTERNATIONAL FINANCIAL MARKET GROUP 3 :  Ni Putu Lia Cahya P ( )  Mita Dwi P( ) UNIVERSITAS BHAYANGKARA SURABAYA FAKULTAS.

Crowdfunding Professor Bohle Students: Vincent Naidoo, Yvonne Tan, Timothy Dang.

Research Via Financial Services. About us Research via is a leading financial services provider with presence in Indian and other global capital markets.

Suffolk County Council Securities Finance Date: 19 th January, 2009 Location: Ipswich.

McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 23 Futures and Swaps: A Closer Look.

THE STOCK EXCHANGE QUIZ. 1. Fill in the missing words. Before you start dealing in all kinds of s______________, you must be aware of the risks you take.

Global Financial Regulatory Framework Regulating International Capital Market Masters in Accountancy (MACC508)

 If a company is publicly traded then it is on the stock market  This means that the public can invest in the company with ease  Investments can be.

Investing in Equities, Futures,

THE STOCK EXCHANGE QUIZ

Futures and Swaps: Markets and Applications

Analyzing financial statements

Equity Risk Bishesh Prajapati.

Foreign Investment in Local Securities

Unit 10: Personal Finance

An Overview of the Financial System

الاستثمارات في الأسهم – المحاسبة وإعداد التقارير للمستثمر Stock Investments – Investor Accounting and Reporting إعداد :أ.نورا الداوود الفصل الثاني.

Futures and Swaps: A Closer Look

Timeline of Major Political and Economic Events

Business Ethics and Social Responsibility

Introduction to Derivatives

Best Social Media Marketing Company

Unit 10: Personal Finance

An Overview of the Financial System

Using the Factors of Production

Presentation transcript:

Educating the Investor “ The false advertising” Dr. Fadi Khalaf Secretary General Union of Arab Stock Exchanges Cairo October

Different parties to educate and different programs Stock Exchanges and Regulators are not always in direct contact with investors Stock Exchanges and Regulators are not always in direct contact with investors Educating investors can’t be done without involving all other parties in this program Educating investors can’t be done without involving all other parties in this program

Mains Partners Financial Intermediaries MediasUniversities

Financial intermediaries Direct contact with investors Direct contact with investors Conventional Publicity Conventional Publicity Sponsoring Medias educational programs Sponsoring Medias educational programs Conflict of interests Conflict of interests Long term positions / Commission on trades Commission on trades

Medias like other education programs have to fit with ICSA International Council of Securities Associations -Principles and Best Practices for Investor Education - January 15, 2004: ICSA International Council of Securities Associations -Principles and Best Practices for Investor Education - January 15, 2004:

1. Investor education programs should be efficient, effective and appropriate for their intended audience 2. Investor education should be delivered to as broad an audience as possible; 3. A comprehensive investor education program should include reference to investor protection services 4. A comprehensive investor education program should include measures to foster dialogue and cooperation between providers of investor education.

Before Educating the Investor We have to increase awareness against fales advertising We have to increase awareness against fales advertising Led specially by some online Futures trading companies Led specially by some online Futures trading companies Through opposite methods Showing the risk before the opportunities Through opposite methods Showing the risk before the opportunities

To avoid misunderstanding, Even Basic programs should get into some details. All markets does not behave the same way Equities, indices, commodities, Currencies, Fixed income, etc.... Investing or trading on different markets with a same behavior can be very risky

Graph: TRADER ’ S MIND