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NASD Arm To Offer Anti-Fraud Grants

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A foundation affiliated with the National Association of Securities Dealers is setting up a grant program for research and education projects that might help protect investors from fraud.

The NASD Investor Education Foundation, Washington, mentioned the new anti-fraud program in an announcement about its 2007 general grant program.

Proposals for the first 2007 general grant program cycle are due Feb. 26, and proposals for the second cycle are due Aug. 10, the NASD foundation says.

The grant programs are open to researchers at public and private colleges and universities as well as to applicants from other nonprofit organizations.

The foundation also has announced $3.4 million in grants approved under its 2006 general grant program.

The NASD foundation is giving $629,310 to the Association for Financial Counseling and Planning Education, Columbus, Ohio, to develop a financial education program for marriage counselors and counselors who help couples who are breaking up.

Another grant, for $324,125, went to a researcher at the University of Central Florida who is studying ways to make investment disclosure documents easier to understand.