Wondering how to build your nest egg? Hire a financial advisor? Prevent investor fraud? Play DASH for the STASH an investor education/protection program and contest taking place April 15 - May 15, 2015 as part of Financial Literacy Month.
The DASH for the STASH contest works much like a scavenger hunt. But instead of collecting objects, players gather information and leave answers to quiz questions. To play, visit the Library and you will find the four posters in the Adult Services Department. Read each poster, access the quiz question and choose an answer.
The primary goal for the DASH program is to arm investors, particularly young investors ages 20–35, with the unbiased and non-commercial information they need to make crucial investing decisions. This includes, but is not limited to, investors having the knowledge and resources to find suitable advisors; avoiding investment scams, fraud and schemes; realizing and evaluating the fees associated with particular investments; and understanding the benefits and rules of tax-sheltered 401(k) and IRA tools.
How to Pay Dash for the STASH
- Read the content of each poster. Posters are located in the Adult Services Department.
- Scan the unique QR code to access that topic’s quiz question (or use the URL below the QR code).
- Submit the answer via smart phone, tablet, laptop, or computer.
No purchase is necessary to play. Winner will be chosen in a random drawing of eligible participants who log the correct answer for all four posters. Winner will receive the prize as $1,000 to open or add to an IRA, sent directly to the winner’s bank or brokerage firm for the express purpose of opening or making a 2015 contribution to an IRA. Winner must provide proof of eligibility to contribute to an IRA for 2015 and will not receive cash, nor any other form of payment in lieu of the IRA contribution. For IRA eligibility, check www.IRS.gov.
This investor education and protection program and contest is open April 15-May 15. IPI will randomly select contest winner(s) in early June 2015 from entries with all correct answers in each participating jurisdiction. Prize sponsors are the Investor Protection Institute (IPI) and participating State Securities Regulators. The IPI and all participating states provide independent, non-commercial investor education and protection material.
For more information, visit http://www.iInvest.org.
Investing Web Sites
“The Investor Protection Institute (IPI) is an independent nonprofit organization that advances investor protection by conducting and supporting unbiased research and groundbreaking education programs.”
“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”“The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.”
Research publicly traded companies.
SEC’s site for investor education, including investing basics, researching your broker or advisor, and financial calculators and other tools for investors.
“The department is responsible for the regulation of the securities industry in Illinois and protection of investors by ensuring compliance with the law and investigating any complaints of fraud or improper practices.”
“State securities regulators serve the investing public in your state and play a unique role in their protection.”
“The mission of the Commodity Futures Trading Commission (CFTC) is to foster open, transparent, competitive, and financially sound markets, to avoid systemic risk, and to protect the market users and their funds, consumers, and the public from fraud, manipulation, and abusive practices related to derivatives and other products that are subject to the Commodity Exchange Act.”
“FINRA oversees the people and firms that sell stocks, bonds, mutual funds and other securities. Simply type in your current or prospective broker’s name to see employment history, certifications, and licenses—as well as regulatory actions, violations or complaints you might want to know about. You also can get information about your broker’s firm. There’s no reason not to check.” Investor Tools.