IIROC and IEF extend partnership to support the Funny Money for High Schools Assembly Program across Canada

TORONTO, Nov. 28, 2011 /CNW/ - Just in time for Financial Literacy Month, the Investment Industry Regulatory Organization of Canada (IIROC) in partnership with the Investor Education Fund (IEF), is pleased to announce the extension of its funding and sponsorship of the Funny Money for High Schools Assembly Program.

The program has been a tremendous success with students and teachers across the country. Over the past three years, more than 200,000 students have learned more about the basics of financial literacy as a result of nearly 500 presentations made coast to coast.

"Funny Money is unique because it uses humour to connect and capture the attention of high school students, on topics that can be difficult to make engaging. To teach financial literacy to youth and make a lasting impression, we have to really speak their language and Funny Money does that," said Tom Hamza, president of IEF.

"Funny Money makes financial literacy and learning a stimulating and fun experience. We welcome the opportunity to continue to extend this program's reach," said Susan Wolburgh Jenah, president and CEO of IIROC. "Our support of this program is in line with our mandate to protect investors by continuing to educate people of all ages so they can make more informed decisions."

IIROC, which began sponsoring the program in 2009 to expand the program nationally, in conjunction with IEF, has committed funding for 100 shows per year over the next two years, to complement IEF's annual funding.

The Funny Money program offered throughout the country in French and English, provides lessons on saving, budgeting, debt management and investing, by using real-life scenarios to teach youth about spending habits, the dangers of credit card debt and the benefits of saving and investing.

Award-winning Funny Money teaches financial literacy through highly interactive, entertaining and humorous presentations which use language and scenarios that senior high school students can relate to. Hour long performances are delivered by nationally recognized comedians James Cunningham, Steve Levine and Denis Grignon.

Funny Money also features a cartoon series with five episodes accessible on YouTube that have received close to 96,000 hits. Funny Money also has a Facebook page with more than 4,500 fans.

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Investor Education Fund - Investor Education Fund (IEF) offers unbiased financial information to the general public via www.GetSmarterAboutMoney.ca, and to students through its Taking Stock in Your Future, the Globe & Mail, the Toronto Star and Funny Money for High Schools assembly programs. The not-for-profit organization was established by the Ontario Securities Commission (OSC), and is funded through OSC enforcement settlements. IEF was awarded Gold for Leadership and Innovation in the 2010 Public Sector Leadership Awards.

Investment Industry Regulatory Organization of Canada (IIROC) - IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.  Created in 2008 through the consolidation of the Investment Dealers Association of Canada and Market Regulation Services Inc., IIROC sets high quality regulatory and investment industry standards, protects investors and strengthens market integrity while maintaining efficient and competitive capital markets.  IIROC carries out its regulatory responsibilities through setting and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through setting and enforcing market integrity rules regarding trading activity on Canadian equity marketplaces.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - General News

For further information:

IIROC Contact:
Charlene Fong
Public Affairs Specialist
416-943-5846
cfong@iiroc.ca
IEF Media Relations
Margo Rapport
Communications Officer
416-895-5672
mrapport@getsmarteraboutmoney.ca

 


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