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Wisconsin DFI Issues Social Media and Online Trading Investing Advisory

  MADISON, Wis. – While ever-evolving technology makes investing more accessible to greater numbers of people, informed investors know that technological democratization also brings significant risk. The Wisconsin Department of Financial Institutions (DFI) today issued an investor advisory to help raise awareness of the impact social media can have on investing and things investors should consider when using online trading platforms. “In our digitally connected world, some investors turn to online chatrooms and social media platforms for information about investing or specific investment opportunities rather than using the services of a registered investment adviser,” said DFI Secretary Kathy Blumenfeld. “An impulsive investment today can derail your long-term investing strategy, so it is important to keep your emotions in check. Take time to research any investment and consider talking to a licensed professional before buying or selling.”

Wisconsin DFI s Kim Santos Honored with Top NASCUS Award » Urban Milwaukee

  Kim Santos. Photo courtesy of the Wisconsin Department of Financial Institutions. Kim Santos, DFI’s Office of Credit Unions Director, was honored as a recipient of the 2020-2021 Pierre Jay Award from the National Association of State Credit Union Supervisors (NASCUS) at a virtual ceremony held this afternoon. The award, named after Pierre Jay the first Commissioner of Banks in Massachusetts and first credit union regulator in the United States, is the highest honor NASCUS bestows, and recognizes those with proven service, commitment, and leadership to NASCUS and the state-chartered system. This year’s award recipients were chosen by a panel of their peers and include:

Take the Challenge: Build Your Financial Security

  MADISON, Wis. – The Wisconsin Strong Financial Fitness Challenge is under way for all Wisconsin Retirement System members and their families. The challenge offers participants free access to financial wellness education, resources, and tools to build financial security. Take the challenge now! Go to https://financialfitnessgroup.com/wi-strong/. Start with a five-minute Financial Fitness Checkup, and then take advantage of hundreds of interactive courses, articles, and videos (a $1,000 value). Complete and pass at least five Financial Fitness Academy courses with a score of 70% or higher to earn points and certificates of completion. Challenge participants will receive a personalized playlist of courses on topics such as debt management, budgeting, investments, estate planning, and retirement planning. Courses and quizzes take about 15 minutes to complete.

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