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The Securities and Exchange Commission’s Office of Investor Education and Advocacy (OIEA) has released information concerning National Financial Capability Month in April. The OIEA is dedicated to helping investors make informed decisions and avoid scams, particularly in times of uncertainty like those seen during the COVID-19 pandemic.

During National Financial Capability Month, the OIEA aims to empower investors by providing them with resources and tools to enhance their financial literacy. This includes understanding the basics of investing, avoiding fraudulent schemes, and recognizing the warning signs of investment fraud. By educating investors, the OIEA hopes to protect them from falling victim to scams and losing their hard-earned money.

One of the key messages that the OIEA emphasizes during National Financial Capability Month is the importance of conducting thorough research before making any investment decisions. This includes verifying the credentials of financial professionals, understanding the risks involved in different investment opportunities, and being wary of unsolicited investment offers. By taking the time to educate themselves, investors can better protect their financial well-being and avoid becoming victims of fraud.

In addition to providing educational resources, the OIEA also encourages investors to report any suspicious activity or potential fraud to the SEC. By reporting fraud, investors can help prevent others from falling victim to the same scams and hold fraudulent actors accountable for their actions. The OIEA works closely with other SEC offices to investigate and prosecute cases of investment fraud, but they rely on the help of investors to identify these schemes.

As part of National Financial Capability Month, the OIEA is hosting a series of virtual events and webinars to help investors strengthen their financial knowledge and skills. These events cover a range of topics, including retirement planning, cybersecurity, and avoiding investment scams. By attending these events, investors can learn directly from experts in the field and ask questions to improve their understanding of complex financial concepts.

Overall, National Financial Capability Month serves as a reminder of the importance of financial literacy and awareness in protecting investors from fraud. By educating themselves, staying informed about potential risks, and reporting suspicious activity, investors can safeguard their finances and make more informed decisions about their money. The OIEA’s efforts to promote financial capability are crucial in helping investors navigate the complex world of investing and avoid falling victim to scams.