Encouraging investors to improve their investment knowledge
TORONTO, Nov. 11, 2014 /CNW/ - As part of Financial Literacy Month, the Investment Industry Regulatory Organization of Canada (IIROC) has collaborated with Better Business Bureau (BBB) to distribute an Investor Knowledge Quiz to help Canadians strengthen their financial knowledge and skills.
The Investor Knowledge Quiz is designed to test the public's basic understanding of investing and will be distributed across the country through BBB's network. For the second consecutive year, IIROC and BBB are working together to encourage Canadians to test and improve their investment knowledge so they can make more informed decisions.
"Investor education is critical to investor protection so IIROC is challenging Canadians to take this quiz and think seriously about improving their financial and investment knowledge," said Lucy Becker, IIROC Vice President, Public Affairs.
"Millions of consumers turn to Better Business Bureau every month to help them find companies they can trust for purchases and investments," says Spencer Nimmons, Vice President of Business Relations (Canada) at the Council of Better Business Bureaus, the umbrella organization for 112 local, independent BBBs across Canada and the United States. "We are delighted to partner with IIROC to get this information into the hands of as many Canadians as possible so that we can help people increase their financial literacy and become more aware of possible scams."
IIROC's online investor resource centre features a full suite of investor education tools and resources including tutorials, webcasts and brochures.
During last year's Financial Literacy Month, IIROC launched a Glossary of Financial Certifications to help Canadians make sense of the wide range of certifications in use. IIROC embarked on a partnership with BBB to distribute 40,000 bookmarks throughout the country to inform the public about this online service.
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 by creating and enforcing rules regarding the proficiency, business and financial conduct of dealer firms and their registered employees and through the creation and enforcement of market integrity rules regarding trading activity on Canadian marketplaces.
SOURCE: Investment Industry Regulatory Organization of Canada (IIROC) - General News