10/02/2015 - FINRA


The FINRA Investor Education Foundation provides underserved Americans with the knowledge, skills and tools necessary for financial success throughout life. We envision a society characterized by universal financial capability.

FINRA, the Financial Industry Regulatory Authority, is the largest independent regulator of securities firms doing business with the public in the United States. Our core mission is to pursue investor protection and market integrity, and we carry it out by overseeing virtually every aspect of the securities industry. We oversee more than 4,000 brokerage firms, nearly 162,000 branch offices and more than 638,000 registered securities representatives.


The FINRA Foundation supports and undertakes research and educational projects to protect investors and improve financial capability in the United States.

Our grants build community capacity to provide reliable, readily available financial education for all who need it. FINRA Foundation grants also enable researchers to explore investor behavior and develop practical ways to avoid costly mistakes and prepare for the future. You can learn more about our funding opportunities and the projects supported by our grants at FINRAFoundation.org.

The FINRA Foundation operates a leading national initiative to help Americans understand and avoid financial fraud, as well as a global effort to enable military members to make prudent saving and investing decisions for themselves and their families. You can learn more about these targeted initiatives at SaveAndInvest.org.

All of this work is informed by the FINRA Foundation’s National Financial Capability Study. This ongoing research effort examines key indicators of financial capability and evaluates how these indicators vary with underlying demographic, behavioral, attitudinal, and financial literacy characteristics over time. Data and analysis from the study are available at USFinancialCapability.org.  


We are looking to expand awareness of the many educational tools, training opportunities, and research studies supported by the FINRA Foundation.

Tweet: Learn more about FINRA Foundation's educational tools, training opportunities, and research studies. http://ctt.ec/BilYT+


  • State Financial Education Mandates: It’s All in the Implementation: Using data from the Federal Reserve Bank of New York’s Consumer Credit Panel, researchers at Montana State University, the Federal Reserve Board of Governors, and the Center for Financial Security at the University of Wisconsin-Madison have analyzed the effect of states’ various high school financial education requirements on students’ later-life financial condition. The findings: Rigorously designed and carefully implemented state financial education mandates improve credit scores and reduce delinquency rates for young adults. The research was funded by a FINRA Foundation grant.
  • Coming soon! State-Mandated Financial Education: A National Database of Graduation Requirements, 1970–2014. This issue brief, prepared as part of the same project, describes a database providing “unprecedented detail” about state financial education mandates. Researchers will be able to determine which states require personal finance and economics as standalone courses, which embed the content in another course such as mathematics or social studies, and which specify any related graduation and assessment requirements.
  • Con ’Em If You Can, play it now! This is the FINRA Foundation’s newest strategy game where you, or your students, make the pitch. The game helps playerslearn first-hand about the types of persuasion tactics used to perpetrate financial fraud, so that they’ll be better able to defend against them. The free game is available to play online or for easy download from Google Play or the Apple App Store.
  • Thinking Money, watch it now! If you’ve ever made a financial decision you regretted the next day, you’re not alone. In fact, as the emerging field of behavioral economics reveals, you’re practically hard-wired to overspend, an activity that lights up the brain’s pleasure centers. Thinking Money: The Psychology Behind Our Best and Worst Financial Decisions uses a mix of humor, on-the-street interviews, and provocative insights from innovative thinkers to explore why we spend, why we save (or don’t), and how we think about money. Travel from Wall Street to Main Street, and from the halls of academia to the Santa Barbara wine country, to find out how our brains—and the marketplace—affect how we deal with money. The full, hour-long documentary is available for online streamingfrom Maryland Public Television, or order a free DVD. The DVD includes both English and Spanish tracks.
  • Financial Education and Public Libraries: The American Library Association (ALA) and the FINRA Foundation recently announced that they are collaborating on a research project in which ALA will survey U.S. public libraries about their financial literacy resources, educational programming, and expertise. The study will yield a comprehensive and detailed picture of public libraries’ capacity to advance financial capability in the United States. It will examine: personal finance collections (size, age, usage, and types); staff skills and knowledge; the ability of staff to assist library users with personal finance inquiries; and the types of financial capability programming offered to the public through libraries.

    Does your school librarian want to learn more about helping students, parents, teachers, and guidance staff with personal finance topics? The FINRA Foundation and the American Library Association have prepared a series of 15 online courses for librarians seeking to expand their expertise about managing finances, kids and money, getting ready for college expenses, investing, and other essential topics. The courses are free and available now.
  • Financial Education Is Not Enough: Millennials May Need Financial Capability for Healthy Financial Behaviors: Using data from the National Financial Capability Study, University of Kansas researchers examined the role of financial education and having a savings account in Millennials’ financial behaviors. The study reveals that those who have had both—financial education and a savings account—are 176 percent more likely to afford an unexpected expense, 224 percent more likely to save for emergencies, 21 percent less likely to use alternative financial services, and 30 percent less likely to carry too much debt compared to Millennials who have had neither. Young adults who have had both financial education and a savings account also report significantly higher financial satisfaction than those who have had neither. The research was funded by a FINRA Foundation grant.


Robert Ganem
FINRA Investor Education Foundation
1735 K Street, NW
Washington, D.C. 20006-1506
Phone: (202) 728-8362
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