IIROC joins financial literacy leaders to improve the financial knowledge and wellbeing of Canadians

New bulletin helps investors understand the concept of risk

TORONTO, Nov. 18, 2015 /CNW/ - As part of Financial Literacy Month, the Investment Industry Regulatory Organization of Canada (IIROC) is joining financial literacy leaders in a number of events and initiatives to help improve the financial knowledge and wellbeing of Canadians.

"Making informed decisions is important to the financial wellbeing of Canadians so IIROC continues to promote and develop free, easy to use tools and resources for investors to help them better understand investing," said IIROC Vice President of Public Affairs and Member Education Services Lucy Becker. "IIROC is pleased to participate in, and contribute to the national discussion around financial empowerment to help Canadians achieve their financial goals."

On November 27, IIROC employees will spend a day in Greater Toronto Area classrooms teaching Junior Achievement's Grade 8 Economics for Success Program. For the fourth year, IIROC employees will share their knowledge and experience to help young people develop basic financial skills like budgeting, saving and understanding the importance of planning.

Earlier this month, IIROC joined more than 300 financial empowerment leaders from across Canada at the ABLE Financial Empowerment Conference to share insights and best practices as well as tools and resources designed to combat financial vulnerability and help Canadians living in poverty. IIROC sponsored and introduced the consumer awareness and protection session at the two-day national conference hosted by Prosper Canada.

At the Financial Literacy Action Group's (FLAG) Financial Literacy Roundtable last week, IIROC joined financial literacy leaders to exchange information and identify opportunities to improve financial literacy in Canada, focus on ideas and actions that could make a difference and enhance consumer awareness and protection.

IIROC has also developed a new investor bulletin, Risk and its impact on your investments, to help consumers understand the concept of risk. The bulletin includes questions investors can ask themselves to gauge their comfort level with risk and the steps they can take to help manage and minimize risk.

Click here to find a full summary of all of IIROC's financial literacy and investor education initiatives. 

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IIROC is the national self-regulatory organization which oversees all investment dealers and their trading activity in Canada's debt and equity markets. 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

June Yee, Manager, Corporate Communications, 416 943-6921, [email protected]; Karen Archer, Manager, Media Relations, 416 865-3046, [email protected]