FINRA Awards Grant to the Better Business Bureau

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BBB of Eastern Michigan Receives Funding to Teach Financial Literacy and Investment Scam Prevention

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We are grateful to FINRA for making this grant available to us so that we can bolster our existing speaking roster with information that can save our residents from potentially devastating financial trouble. - Melanie Duquesnel, president & CEO

The Better Business Bureau (BBB) Serving Eastern Michigan & the Upper Peninsula announced today that it has been awarded a grant from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation to deliver educational training programs on investment fraud prevention for the communities in Eastern Michigan and the Upper Peninsula.

FINRA is the largest independent regulator for all securities firms doing business in the United States. Their mission is to protect America's investors by making sure the securities industry operates fairly and honestly. FINRA is now collaborating with the Better Business Bureau to deliver educational training programs on fraud prevention in local markets throughout the United States.

“The missions of the BBB and FINRA are very similar in that we both focus on informing and protecting our communities,” said Melanie Duquesnel, president and CEO of the Better Business Bureau serving Eastern Michigan and the Upper Peninsula. “We are grateful to FINRA for making this grant available to us so that we can bolster our existing speaking roster with information that can save our residents from potentially devastating financial trouble.”

Through its long-standing business and community ties, the BBB plans to build a solid repertoire of FINRA educational events, provided by BBB trainers, Danae Hanes, trade practices consultant and Melanie Duquesnel, CEO. The seminars can be delivered to virtually any group interested in learning how to protect their assets, including businesses, chambers of commerce, non-profit organizations, schools, senior centers and more.

Events will be tailored to the each audience however, in general, the objectives include teaching attendees:

  • The ‘Psychology’ of Scams
  • Common Tactics used by Scammers
  • Victim Demographic Trends and Key Risk Factors
  • Persuasion Tactics of Scammers
  • Assessment of Participants’ Personal Risk Level
  • How to Prevent Fraud and Protect Yourself and Your Family

If you are interested in receiving Investment Scam Prevention Training with the Better Business Bureau or have any questions, please contact Lisa Dilg, Director of Community Relations, at ldilg(at)easternmichiganbbb(dot)org or (248) 799-0326.

About The Better Business Bureau Serving Eastern Michigan & the Upper Peninsula

The BBB Serving Eastern Michigan & the Upper Peninsula is a non-profit organization with the purpose of promoting trust in the marketplace by assisting in the protection of consumers and businesses from fraud and unethical business practices. In addition to its recognized dispute resolution services, the BBB maintains business reviews on the customer service history of more than 90,000 local businesses and provides consumer education materials on numerous topics. The BBB provides its services free to the public and its service territory stretches across Eastern Michigan from Ann Arbor through Metropolitan Detroit, Lansing, Flint, upward to Alpena, and covers the entire Upper Peninsula of the state. Visit the BBB online at http://www.easternmichiganbbb.org.

About FINRA

FINRA, the Financial Industry Regulatory Authority, is the largest non-governmental regulator for all securities firms doing business in the United States. FINRA is dedicated to investor protection and market integrity through effective and efficient regulation. FINRA registers and educates industry participants, examines securities firms; writes and enforces rules and federal securities laws, educates the investing public and provides trade reporting and other industry utilities. FINRA also administers the largest dispute resolution forum for investors and registered firms. For more information, please visit our Web site at http://www.finra.org.

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Lisa Dilg
CBBB
2487990326
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