Activities Update FINRA Investor Education and FINRA Investor Education Foundation ASEC Partners Meeting – October 22, 2008
Copyright 2008 FINRA 1 Early Retirement Scams: Workplace Outreach Two Resources: Employers Employees Distribution to Human Resource Professionals International Foundation of Employee Benefit Plans Society of Human Resources Managers Center for American Nurses
Copyright 2008 FINRA 2 Job Dislocation 101: Plant Closing Outreach Three new resources: Job Dislocation: Managing the Financial Impact of Unexpected Job Loss Using COBRA to Keep Your Health Insurance 401(k) Hardship Withdrawals Partnerships with: National Association of State Workforce Agencies (NASWA) California Employment Development Department Workforce Solutions East Texas Board
Copyright 2008 FINRA 3 BrightScore: Online Credit Management Tool Over 39,000 military users 90 days of online access Participants with scores below 620 can use tool again after 90 days Toll-free access to talk with LIVE Certified Credit Counselors Partnership with InCharge Foundation
Copyright 2008 FINRA 4 Protection Strategy –Know that they are vulnerable –Recognize persuasion techniques –Take simple, highly protective steps Ask questions Check answers Use academic and survey research to mount a social norm campaign to measurably reduce senior susceptibility to investment fraud Senior Investor Protection Pilot Project
Copyright 2008 FINRA 5 Social Norm/Awareness Campaign (8 weeks) Spokane, WA and The Villages, FL PSAs, paid and earned media (888) Direct mail Persuasion Workshops Sequim, WA Experimental design Results being measured Senior Investor Protection Pilot
Copyright 2008 FINRA 6 Persuasion Workshops – Behavior Change
Copyright 2008 FINRA 7
8 Contact Information John M. Gannon Senior Vice President, FINRA President, FINRA Investor Education Foundation 1735 K Street, NW Washington, DC