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Testimony before the Financial Services and General Government Subcommittee of the U S Senate Committee on Appropriations
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Testimony before the Financial Services and General Government Subcommittee of the Senate Committee on Appropriations
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In a nation more deeply divided than ever about every conceivable issue, a broad consensus has surprisingly emerged that financial literacy is broadly lacking and the need for a financial education for every American is urgent. President Biden recently issued a proclamation deeming April 2021 as National Financial Capability Month. This communication emphasizes the benefits of financial capability, the value of financial literac
How To Steal A Lot Of Money—Legally, Book Teaches Financial Literacy
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New CFTC Customer Advisory Cautions The Public To Beware Of Trading Based On Internet Hype Date
06/04/2021
The Commodity Futures Trading Commission today issued a Customer Advisory strongly encouraging the public to research and understand the commodity futures markets, physical markets, and securities markets before trading based on information on social media. The advisory also warns of the risks associated with futures trading or buying physical commodities, such as precious metals. The Market Participants Division (MPD) issued the customer advisory in recognition of National Financial Capability Month, which began April 1.
“Recent trading activity and market volatility triggered by posts on online message boards and social media platforms have given our Office of Customer Education and Outreach a perfect opportunity to remind investors of possible risks involved when making trading decisions that are impulsive or not thoroughly researched,” said MPD Acting Direc