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December 02, 2003 at 07:00 PM
NU Online News Service, Dec. 2, 2003, 1:07 p.m. EST – NASD, Washington, has set up the NASD Investor Education Foundation.[@@]
The foundation, which will start with an endowment of $10 million, will be responsible for educating consumers about investing and investment markets.
NASD officials decided to organize the foundation after commissioning a survey that found that 50% of U.S. consumers polled believed that stock market losses were insured and that fewer than 30% of U.S. consumers knew what a “no load” mutual fund was.
