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For Immediate Release
April 19, 2013
National Futures Association, CFTC, AARP and Chicago Department of Family & Support Services co-sponsor "Avoiding Fraud is Your Best Money Strategy" during Money Smart Week
April 19, 2013, Chicago - National Futures Association (NFA), the Commodity Futures Trading Commission (CFTC), AARP Illinois and the Chicago Department of Family & Support Services (DFSS) will cosponsor a series of seminars that aim to provide individuals and community leaders with the tools they need to help protect themselves and others from investment fraud.
The seminar, "Avoiding Fraud is Your Best Money Strategy," will be held on Thursday, April 25 from 11:30 a.m. to 1:00 p.m. at the Renaissance Court in the Chicago Cultural Center, which is located at 78 E. Washington St., in Chicago, Ill. The sponsors also will present a reprise of the seminar on Friday, April 26 from 10:00 a.m. to 11:00 a.m. at the Southeast (Atlas) Senior Center, located at 1767 E. 79th St., also in Chicago, Ill.
"Given today's economy, it's more critical than ever for consumers to be careful with their money and ensure they're making smart investments," said NFA Senior Vice President Karen Wuertz. "We want to ensure that everyone has access to as much information as possible and help them to make the best possible decision when it comes to trusting others with their money."
These seminars are just part of a series of free classes and activities promoting financial education that will take place during Money Smart Week Chicago, a nationwide public awareness campaign designed to help consumers better manage their personal finances. Coordinated by the Federal Reserve Bank of Chicago, Money Smart Week runs from April 20 to 27.
"The consequences for fraud victims can be pretty horrific–people losing money for their kids' college funds, for needed health care expenses, or for their own retirement," said CFTC Commissioner Bart Chilton. "In many instances it is preventable with a little education and some due diligence fact checking."
During the seminars, representatives from AARP, the CFTC and NFA will provide attendees with advice on how to identify the warning signs and avoid investment fraud.
"AARP research shows that consumer fraud, identity theft and protection from unfair and deceptive financial practices is a concern for more than 70 percent of AARP members in Illinois," said Ryan Gruenenfelder, Associate State Director for AARP Illinois. "We're pleased to join with our partners to provide consumers with the information they need to protect their assets and have greater financial security peace of mind."
Anyone wishing to attend the program should pre-register by calling (312) 781-1454.
For more information on Money Smart Week events visit www.moneysmartweek.org.