The SEC is currently seeking public comments regarding investor education
programs in order to determine which programs (private or public) are
the most effective. The request is the result of the financial reform
law and its efforts to increase investor protection.
Under the Dodd-Frank Act, the SEC is required to conduct a study on the
financial literacy of U.S. investors and submit the results to the Senate
and the House by July 12, 2012. Public comments will be used to help determine
the "most effective existing private and public efforts to educate
In addition to the numerous local, regional, and state programs that have
surfaced over the past two years, there are several good resources for
investors available online.
Investor.gov, the SEC's investor education website, discusses investing basics
and features information on working with brokers and investment advisers
and avoiding investment fraud. Investor alerts, research help, and financial
calculators are also prevalent. Additional resources, including videos
and interactive quizzes, will be added in upcoming months, according to
an SEC press release.
Saveandinvest.org, a project of The FINRA Investor Education Foundation, also publishes
information on avoiding investment fraud and managing money effectively.
Investors who wish to comment on investor education programs are asked
to describe any programs they may have attended and to discuss what they
feel are "the most important characteristics" of an effective
program. The SEC also wants to know which investor education topics would
be the most helpful to investors and why.
To submit a public comment to the SEC, click