The NASD Investor Education Foundation launched a grant program aimed at raising awareness about fraudulent tactics, encouraging investors to conduct due diligence, and taking precautions to safeguard their financial and personal information. Non-profit groups and researchers are invited to apply for funding for projects, which may include any combination of research reports, published papers and articles, communications tools, and turnkey programs, designed to protect investors from fraud. Proposals must be submitted by June 11. NASD also announced a second cycle of its 2007 General Grant Program, which focuses on behavioral finance, retirement income security of older Americans, and new marketing and distribution channels for investor education. Proposals must be submitted June 14 through August 10.
A grant was awarded to the First Nations Development Institute by the NASD Investor Education Foundation for their project, "Investing for the Future: Native Community Partnerships." The objective is to create investor education materials and resources to help Native American tribal members and trainers learn more about investing in the Native context.
The Financial Planning Association is accepting nominations for its 2008 Board of Directors. Members of FPA's 2007 Board of Directors will elect the 2008 Board from candidates nominated by July 10, 2007. The 2008 Board of Directors will consist of up to 18 members, including three officers. The new members elected in late 2007 will each serve three-year terms beginning January 1, 2008.