Better Business Bureau Awarded Additional FINRA Grant

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BBB of Eastern Michigan Receives Second Round of Funding to Teach Financial Literacy & Scam Prevention

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We are a much wiser team thanks to this wonderful workshop and I can’t believe that every business wouldn’t want this knowledge for their staff.

Better Business Bureau (BBB) Serving Detroit & Eastern Michigan announced today that it has been awarded a second round grant from the Financial Industry Regulatory Authority (FINRA) Investor Education Foundation to deliver educational training programs on fraud prevention for the communities in Eastern Michigan and the Upper Peninsula. Due to the success of the BBB’s efforts in reaching their training goals of educating more than 400 consumers, FINRA has renewed funding for further outreach.

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 collaborating with the Better Business Bureau to deliver educational training programs on fraud prevention in local markets throughout the United States.

During the initial round of the grant, the BBB provided numerous fraud prevention seminars to businesses, groups and organizations interested in educating their staff and members. Presentations have been delivered to groups such as the National Active & Retired Federal Employees Association, National Association of Women Business Owners, the Dickinson Chamber of Commerce, UAW locals, Jaycee organizations, Rotary groups and many more.

“I recently attended a BBB workshop and the information I received was critical. My organization is very appreciative that the BBB provides this program,” said Bonnie Hanes, executive director of Oakland Mediation Center. “We are a much wiser team thanks to this wonderful workshop and I can’t believe that every business wouldn’t want this knowledge for their staff.”

BBB plans to build on its recent success and will continue delivering a solid repertoire of FINRA educational events, provided by experienced BBB trainers. The seminars can be delivered to any group interested in learning how to protect their assets, including businesses, chambers of commerce, non-profit organizations, schools, senior centers, the general public and more.

Events are tailored to each audience however; in general, the seminars will give attendees a glimpse into the mind of a scam artist and will teach:

  • 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 Scam Prevention Training with the Better Business Bureau or have any questions, please contact Lisa Dilg, Director of Community Relations, at events(at)easternmichiganbbb(dot)org or (248) 799-0326 or visit here.

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.

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
248-799-0326
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