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Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, February 22, 2007

NASD Investor Education Foundation Expands Military Financial Education Program

The NASD Investor Education Foundation will expand the scope of its Military Financial Education Campaign this year, adding two new programs aimed at specific populations within the military community - military spouses and wounded and severely injured servicemembers. An e-learning financial simulation game is also in development to teach the military community about the importance of managing their finances and financial planning. The NASD Foundation has committed $3.8 million to fund the military program's second year.

Formally launched in February 2006 with the goal of providing servicemembers and their families with unbiased financial education information and tools, the program offers dozens of educational forums at military installations in the U.S. and abroad, continuing education for on-base Personal Financial Managers (PFMs), a financial counseling fellowship program for military spouses, a comprehensive Web site-SaveAndInvest.org-that focuses on the unique financial needs of the military community and a targeted public education campaign to raise awareness of available programs and resources.

"The NASD Foundation's Military Financial Education Campaign has succeeded in meeting a critical need, reaching thousands of military servicemembers and their families with the tools and resources designed to meet the unique financial education needs of military families," said NASD Foundation Chairman Mary Schapiro, who also serves as NASD's Chairman and CEO. "As we move into 2007, our core goal remains the same: provide military families with the information they need to save and invest with confidence."

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