2020 IFIE-IOSCO Virtual Global Investor Education Conference
Dear Colleagues: On behalf of the 2020 IFIE-IOSCO Virtual Global Investor Education Conference Programme Committee, thank you for all the work you are doing around the globe to strengthen resources available for financial capability, investor education and resiliency.
We are so sorry we had to delay our 2020 IFIE-IOSCO Conference and adjacent meetings in Madrid hosted by IOSCO due to the global COVID pandemic. Since we have not been together in some time, even as we continue to talk and consult with each other, we have decided to pre-record "Financial Capability at a Cross Roads: Building Financial Resiliency Programmes and Strategies for a Changed World" in an "on-demand" format with curated additional content that we plan to expand and extend to you with opportunities for learnings from now into 2021—until we can all gather in Madrid Spain in September 2021 at the IFIE-IOSCO Conference and adjacent meetings hosted by IOSCO.
The sessions are designed to focus on tips/tools/techniques and ideas for practical organization and implementation of your programmes and strategies highlighting what your feedback has indicated are critical issues for you during this period including types of sessions you say you have benefitted from before such as "Quick Start", Professional Development Workshop, Multimedia showcase and GEM Workshop. Additional sessions are available for regional problemsolving.
We wish to extend special thanks to the Boards, members and Secretariats of partner organizations IFIE and IOSCO for their commitment, leadership and vision and willingness to support the conversion of this event into a virtual effort despite many challenges we all are experiencing. We also acknowledge and thank our speakers who have been willing to adapt to multiple formats, sessions and technology in order to help contribute to our goals of helping strengthen you and your implementation of financial capability, resiliency and investor oriented programmes and strategies on the ground.
We are deeply grateful to our primary sponsors, Brazilian Financial and Capital Markets Association (ANBIMA); Financial Industry Regulatory Authority US (FINRA) and Japan Securities Dealers Association (JSDA) who also graciously hosted our 10th Anniversary Conference in 2018. Additional in kind contributions have come from Central Bank of Curacao en Sint Maarten and CFA Institute.
Finally I want to thank the members of the 2020 IFIE-IOSCO Virtual Global Investor Education Conference Programme Committee for their commitment to helping create a thoughtful set of programme sessions and to the staff of IFIE and IOSCO for their dedication and hard work to help ensure that the vision of our Committee in these challenging times is realized.
Members of the 2020 Committee are Cecile de Wit of IOSCO; Robert Stammers of CFA Institute; Errol Cova of Central Bank of Curacao and Sint Maarten; Uttam Bagri of BBF Bombay Stock Exchange Brokers Forum (host of 2022 IFIE-IOSCO Conference and adjacencies in Mumbai India); Gerri Walsh of FINRA/FINRA Foundation; Douglas Melville of Channel Islands Financial Ombudsman (CIFO) Office, Arlene Popplewell-Stephen, Financial Education Consultant and IFIE GEM Workstream Advisor; Kathryn Edmundson of IFIE. Other colleagues from IFIE and IOSCO networks are helping ensure that the sessions we produce in late 2020 will have additional substantive extensions and additional learning and engagement opportunities for you by topic and/or region into 2021, which will then be pipelined into the work we do together toward the 2021 IFIE-IOSCO Global Investor Education Conference and adjacent meetings in Madrid in September 2021 hosted by IOSCO.
We thank you for your commitment, engagement and leadership —and for continuing to work over these very difficult months. You inspire all of us. Stay safe, everyone.
Best regards,
Lori J. Schock
U.S. Securities and Exchange Commission Office of Investor Education and Advocacy; and
Chair 2020 IFIE-IOSCO Virtual Global Investor Education Conference Programme Committee
Plenary Day #1
Quick Start: What’s New in FC/IE Implementation Work
- FC/IE in A Global COVID-19 Pandemic – Jill Tan, Investor and Financial Education Council (IFEC) [bio]
- Workforce Education in a Hybrid, Post Pandemic World – Daniel Pfannemüller, ANBIMA [bio]
- The Launch of a MOOC For World Investor Week 2020 – Florence Corne, Autorité des Marchés Financiers (AMF) [bio]
- Financial Capability Update: From Predictive Power to Fraud Prevention – Gerri Walsh, FINRA [bio]
- Sustainable Investing Study – Robert Stammers, CFA Institute; IFIE Chair [bio]
- Artificial Intelligence’s Impact on Investors – Haimera Workie, FINRA [bio] and Gloria Dalton, FINRA [bio]
Multimedia Showcase
INTRODUCTION – Cecile De Wit, IOSCO [bio]
- BLOCK 1 – INVESTOR EDUCATION AND FINANCIAL CAPABILITY (APPROX. 20 MIN.)
U.S. Securities and Exchange Commission (US SEC) The SEC’s Office of Investor Education and Advocacy’s new public service campaign (PSA) encourages investors to use the free tools and unbiased information on Investor.gov to check the background of an investment professional and to learn more about investing wisely. Check out the television ads and social videos from the “Get the Full Report” campaign.
2. Have questions about investing? Investor.gov has answers. Good Questions (0:30)
3. What Do the Search Results Mean When I Look Up an Investment Professional on Investor.gov? (0:36)
Financial Industry Regulatory Authority (FINRA), US
4. An overview of the FINRA Foundation’s research and outreach initiatives (2:00)
Ontario Securities Commission
The new GetSmarterAboutMoney.ca financial literacy and investor education video series from the Ontario Securities Commission educates investors on common investment products, fraud prevention and how registered accounts can help their investments grow faster. The series explains key concepts using accessible, easy-to-understand language with clear visuals.
The series is part of the Ontario Securities Commission’s strategy to advance financial literacy and investor education, especially during these challenging times when many retail investors are experiencing financial stress and uncertainty.
5. Mutual Funds 101 – Part 1: What is a mutual fund? (2:28)
Autorité des Marchés Financiers, France (AMF France)
6. Short TV programme Consomag on responsible investments in December 2019 (2:10)
Investor and Financial Education Council (IFEC), Hong Kong
Comprised of 15 short videos, the series are hosted by well-known TV presenters interviewing industry practitioners, covering topics from good saving habits, to more asset class specific ones.
7. First video on “Kickstart on saving and investment” (3:45)
Financial Sector Conduct Authority, South Africa
8. Infographics on investments used for WIW 2020 (0:36)
Comisión Nacional del Mercado de Valores (CNMV), Spain
9. Video “Infórmate bien antes de invertir” (Be well-informed before investing) (0:34)
Gibraltar Financial Services Commission
10. World Investor Week 2020 – Be a SMART investor doodly
The GFSC created a doodly for this year’s world investor week on how to be a SMART investor. The doodly was posted on the GFSC’s and Moneywise’s social media platforms (Facebook, Twitter and LinkedIn). Additionally, the GFSC struck a deal with local media outlet YGTV, who featured their doodly on their website and social media during the GFSC’s World Investor Week (26-30 October).
The video features due diligence and SMART investing tips before investing (2:23)
Financial Supervisory Authority, Romania
11. World Investor Week 2020, Romania
The movie incorporates the most important images taken from the activities celebrating WIW 2020 in Romania – the President of FSA message in supporting financial education, Ringing the Bell at the Bucharest Stock Exchange, online meetings of the youth members of FinClub with different personalities in the financial market, online awareness programs for investors, free services offered by the Central Repository, online courses for teachers, financial education programs in the workplace for adults, online workshops for students from different universities. (1:06)
Securities and Exchange Board of India
12. Media awareness campaign on Investor Grievances Redressal Mechanism at SEBI (0:45)
CFA Institute
13. Investment Professional of the Future (3:30)
- BLOCK 2 – FINANCIAL RESILIENCY, SAVING, BUDGETS & ENTREPRENEURSHIP (APPROX. 12 MIN.)
Autorité des Marchés Financiers, Québec (AMF Québec)
14. Video for youths (part of series of 3) on: When to Start Saving (2:45)
Financial Industry Regulatory Authority (FINRA), US
Centrale Bank van Curaçao en Sint Maarten
16. Be like the Florin family. Teach kids early on to save to achieve their goals. “The Florin Family doesn’t waste their money” (1:00)
Financial Sector Conduct Authority, South Africa
Investor and Financial Education Council (IFEC), Hong Kong
18. Animation video on consequences of credit card minimum payments
An “edutaining” animation video presenting the consequences of making only minimum payments on credit cards. “A decade-long relationship with minimum payment” (0:39)
Trinidad and Tobago Securities and Exchange Commission
19. Letter to my Son – investing for life stages (3:04)
Commission de Surveillance du Secteur Financier, Luxemburg
20. Presentation Video: The Financial Game of Life. The Financial Game of Life (FinGoL) is a dynamic educational game in the form of a “chatbot” which was developed by students at the Luxembourg Tech School. So, the Financial Game of Life is designed and developed by young people for young people. The Financial Game of Life (FinGoL) (1:16), is available on Messenger and Facebook.
- BLOCK 3 – FRAUD & WARNINGS (APPROX. 20 MIN.)
Autorité des marchés financiers, Québec (AMF Québec)
3 x 15 seconds TV spots launched in spring 2020 for a 6 weeks period:
21. COVID19 & Fraud: Fraudsters won’t handle your money with kid gloves
22. COVID19 & Fraud: Fraudsters don’t play clean, pandemic or not
23. COVID19 & Fraud: Even in quarantine, no one is immune to fraudsters
Securities and Exchange Commission, Thailand
24. This educational video clip “Check to be Sure Before Investing in Digital Assets” was created to give warnings about investing in digital assets which are high-risk investment products. (2.06 minutes)
Autorité des marchés financiers, France (AMF France)
Centrale Bank van Curaçao en Sint Maarten
27. Fefe Florin has been offered an investment opportunity. Would you invest? Investment opportunity: Is it trustworthy? (0:57)
Finansinspektionen, Sweden
28. Video about investment frauds in Sweden, targeted mainly at private persons on social media platforms. The idea is to be on the same place as where the bad offers are presented. “If it sounds too good to be true, it probably is” (1:07)
Comissão do Mercado de Valores Mobiliários (CMVM), Portugal
29. Animation for digital fraud prevention (2:47)
Ontario Securities Commission
30. Fraudsters are using the fear of economic conditions related to COVID-19 to target victims using pump-and-dump scams. COVID-19 Fraud Alert: Pump-and-Dump Scams (0:38)
31. Fraudsters are using the fear of economic conditions related to COVID-19 to target victims by posing as their bank or investment advisor. COVID-19 Fraud Alert: Warnings About Your Finances (0:44)
Bank of Russia
32. Video 1 – a warning to investors not to choose a broker that isn’t licensed by the Bank of Russia (0:10)
Russian text: if you choose a broker without Russian license, you are exposed to all risks.
33. Video 2 – a warning to investors not to invest their funds without having checked the license (0:10)
Russian text: if you are offered to invest your money, be sure to check whether the company is licensed on the Bank of Russia website www.cbr.ru.
34. Video 3 – a warning to investors not to be fooled by promises of extremely high profit, as it usually turns out to be fraud (0:33)
The slogan on the building says: Easy profit! Invest 1000 Earn 100000! The text in the end says: extremely high profit is a signal of fraud.
Securities & Exchange Commission, Zambia
35. Video, featuring Phillip Chitalu, CEO SEC Zambia, to launch investor awareness campaign around fraud. Joint initiative from SEC Zambia, Bank of Zambia, and the Pension & Insurance Authority of Zambia. (2:20)
Securities Commission Malaysia
36. A 2-minute new InvestSmart’s anti-scam awareness video in Malay language with English subtitles (1:59)
37. A 1-minute InvestSmart’s doodle video to warn the public not to deal with unauthorised Digital Asset Exchanges (DAX) (1:05)
Securities and Exchange Board of India
Media awareness campaigns on:
38. Cautioning investor not to invest based on Hearsay (0:45)
39. Cautioning investor not to be lured by promise of Unrealistic Returns (0:45)
40. Cautioning investor against unsolicited investment Tips (0:45)
U.S. Securities and Exchange Commission (US SEC)
41. Baaaackground Check (0:06)
Plenary Day #2
The Road Ahead: Still Learning and Figuring Out What to Do in 2020—Implications for 2021 and Beyond – Intro | Part 1 | Part 2 | Part 3 | Wrap-Up
- Douglas Melville, Channel Islands Financial Ombudsman (CIFO) [bio]
- Paul Andrews, IOSCO [bio]
- Pasquale Munafo’, Consob Italy and Chair, IOSCO Committee on Retail Investors [bio] (presentation forthcoming)
- Camille Beaudoin, AMF Québec and Vice-Chair, IOSCO Committee on Retail Investors [bio] (presentation forthcoming)
- Uttam Bagri, Bombay Stock Exchange Brokers Forum (BBF); IFIE Vice-Chair [bio]
- Lori Schock, U.S. SEC [bio]
Plenary Day #3
GEM WORKSHOP: As noted to all of you, when we pivoted the IFIE-IOSCO 2020 Virtual Global Investor Education Conference and adjacent meetings to an on-demand model, the organizers of the GEM Workshop moved from a live three hour session to a different format as well. We plan to roll out mid December 2020 a virtual GEM Workshop of programming based on your feedback since we started these efforts in 2017. In 2021, we will invite you to join us in smaller work stream groups to talk about these issues and develop additional tools, tips, ideas and for programmes and strategies that address some GEM Financial Resiliency/Capability/Investor Education needs—including as we learn even more continuing to work through this global pandemic. These efforts will give us even stronger paths forward until we can see each other again in Madrid in September 2021!
Adjacent Meetings and Events
November 24, 2020 – BBF India-IFIE Virtual Conference Event in Honor of IOSCO World Investor Week India, Led by SEBI
November 24, 2020 – IFIE Asia Chapter Virtual Combined Midyear and AGM Meeting
December 8, 2020 – IFIE Americas Chapter Virtual Combined Midyear and AGM Meeting – Part 1 | Part 2
- Speakers:
- Robert Stammers, CFA Institute; IFIE Chair [bio]
- Paul Andrews, IOSCO [bio]
- Ana Leoni, ANBIMA; IFIE Secretary-Treasurer [bio]
- Fabiola Benotti, ANBIMA [bio]
- Errol Cova, Central Bank of Curaçao and Sint Maarten; IFIE Vice-Chair [bio]
- Kathryn Edmundson, IFIE [bio]
December 10, 2020 – IFIE Global AGM Meeting:
Due to the recent rise in COVID-19 related shutdowns, lockdowns and displacements, IFIE Member AGM will not be held live on Thursday 10 December 2020 but instead the IFIE Board and Secretariat will send out and post here shortly written information. We will reset a virtual gathering date in January 2021 so we can all see each other. In the meantime, as noted elsewhere on this results page and in all the work we have been doing together, we are profoundly appreciative of all your work and professionalism, leadership and commitment during a very difficult year; we are continually working to try to support and help and strengthen your efforts in the field and working through detailed plans for all the various networks and initiatives, and we thank and recognize all of you for extraordinary effort. We all hope for a better 2021 and that we’ll see each other again in Madrid at the IFIE-IOSCO 2021 Global Investor Education Conference in September hosted by IOSCO.
Thank you,
The IFIE Board, Leadership and Secretariat
For questions related to the 2020 IFIE-IOSCO Virtual Global Investor Education Conference programme, contact secretariat@ifie.org. Answers from speakers will be posted along with the respective presentations above.
Thank you to all our partners + sponsors!
About Us
IFIE (The International Forum for Investor Education) and IOSCO (The International Organization of Securities Commissions) are partnering virtually for the 11th time in 2020 on this annual event.
CONFERENCE PARTNERS
IOSCO – The International Organization of Securities Commissions (IOSCO), established in 1983, is the acknowledged international body that brings together the world’s securities regulators and is recognized as the global standard setter for the securities sector.
IOSCO develops, implements, and promotes adherence to internationally recognized standards for securities regulation, and is dedicated to enhancing investor protection and promoting investor confidence.
IOSCO’s membership regulates more than 95% of the world’s securities market and is one of the few international organizations that includes all the major emerging market jurisdictions within its membership.
IOSCO believes the need for investor education and financial literacy has never been greater than it is today. In response to these challenges, the IOSCO Board established Committee 8 on Retail Investors in 2013. The Committee’s primary mandate is to conduct IOSCO’s policy work on retail investor education and financial literacy. Its secondary mandate is to advise the IOSCO Board on emerging retail investor protection matters and conduct investor protection policy work as directed by the IOSCO Board.
See www.iosco.org
IFIE – The International Forum for Investor Education (IFIE) is the only global organization solely focused on developing and strengthening multi-sector resources toward implementation of Financial Capability/Investor Education (FC/IE) strategies, programmes, and initiatives worldwide utilizing global networks of expertise to achieve local impact.
- Networking multi-sector stakeholder organization members and partners within and across jurisdictions globally and global-regionally.
- Engaging multi-sector expertise across the continuum of the financial capability/investor education substantive agenda.
- Sharing FC/IE strategies, content and best practices developed worldwide, including IFIE and IFIE-member original and curated content.
- Conducting problem-solving and capacity/infrastructure-building, implementation-oriented virtual and face-to-face programming and working groups focused on implementation challenges and professional/leadership skill building. Additional work-streams focus on shared interests such as the GEM Workshop and the Caribbean Working Group on FC/IE Content Development and Delivery.
- Partnering and collaborating on FC/IE initiatives with other global entities such as IOSCO and The Organisation for Economic Co-operation and Development (OECD).
- Strengthening the IFIE Global-Regional Chapter Network — in Asia, the Americas, Middle East North Africa (Europe and Africa in development) — providing focused, accessible and regionally relevant activities, problem-solving and supports to collaboratively address regional FC/IE programme implementation needs across jurisdictions.
See www.ifie.org