Investor Education
AFSCME has been focused on helping our members learn to make wise investment decisions. With the support of the FINRA Investor Education Foundation, we build a national program for the AFSCME family. We shared our lessons learned in the attached comment letter to the SEC.
What role do y'all think the government should play in Investor Education? What should the SEC be doing to make sure all Americans get quality education to help them make good decisions?
What role do y'all think the government should play in Investor Education? What should the SEC be doing to make sure all Americans get quality education to help them make good decisions?
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SEC comment letter.pdf, 290 KB
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Replies to This Discussion
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Permalink Reply by James McRitchie on
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Any investor education program should emphasize not just protection of shareowners as consumers but their responsibilities as owners. It should include information on how to find out how other shareowners are voting. Known sources of proxy voting advice such as Proxy Democracy, TransparentDemocracy.org, and soon MoxyVote.com, should be highlighted. The SEC should fund a pilot project, using a format similar to USA Investor Education VoterMedia.org at http://www.votermedia.org/communities/223-usa-investor-ed, which allows investors themselves to decide what groups are providing the most valuable education and facilitates distribution of funds to those groups based on the vote of users. Let's let investors decide who they trust, rather than the SEC.
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As a follow-up, I like the idea of peer-to-peer education built into your model. For another take, see Mark Latham's ideas is this area. The SEC or FINRA should support proxy voting education by funding an information contest. See http://www.votermedia.org/communities/223-usa-investor-ed There's already a lot of information and misinformation out there about which stocks to bet on but little in the way of how to be an owner.
See also Investor Education On Proxy Voting at http://votermedia.wordpress.com/2010/01/29/investor-education-on-pr...
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