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Kentucky Department of Financial Institutions

Investment Help

Investing in your future is important at any age. The Department of Financial Institutions (DFI) works to keep your money safe by registering and examining brokerage firms, investment advisers and agents and the securities they offer. DFI also takes complaints and investigates suspected wrong-doing on the part of the industries we regulate. We want to give you tools to help you make choices that are right for you.

Before investing, find out if the product and the person selling it are licensed/registered with DFI, and see if there have been any complaints or orders filed.

  

Kentucky's Campaign for Wise and Safe Investing

Find out how to protect yourself from investment fraud by becoming a wise and safe investor. DFI co-hosted six Senior Scam Jam events across Kentucky in 2007 and 2008 to help senior citizens guard against various types of fraud. However, investors of all ages would benefit from learning the tricks to watch out for and tips to protect yourself. Find out more at Kentucky's Campaign for Wise and Safe Investing Web site.

The Campaign for Wise and Safe Investing helps consumers guard against fraud.

NEW! DFI and AARP have produced a video in conjunction with the campaign. For more details visit the link above.

Free Information, Brochures and Booklets

NEW! Top 10 Investor Traps:

Top 10 Investor Traps 2009-10 [PDF 95K]

Oil and Gas Investor Checklist [PDF 278K]

NEW! Free Resource for Military Families:

Personal Finance for Military Families [PDF 1.6M]

Five of the seven investor booklets are available in hard-copy form.

Investor Education Booklets

The following seven booklets are produced by the editors of Kiplinger's Personal Finance magazine and presented free by DFI:

Five Keys to Investing Success [PDF 136K]
Getting Help With Your Investments [PDF 163K]
Maximize Your Retirement Investments [PDF 235K]
Mutual Funds: Maybe All You'll Ever Need [PDF 185K]
The Basics for Investing in Stocks [PDF 189K]
A Primer for Investing in Bonds [PDF 176K] (only available online)
Where to Invest Your College Money [PDF 190K] (only available online)

Various investing brochures are available.

DFI Brochures on Investing

How Time Affects the Value of Money [PDF 94K]
10 Dos and Don'ts for Investors [PDF 574K]
Unsuitable Investments [PDF 627K]
Top Investor Traps of 2008 [PDF 88K]
Top 10 Investor Traps of 2007 [PDF 98K]
Investor Traps of 2006 [PDF 87K]
Affinity Fraud [PDF 312K]
Choosing a Stockbroker [PDF 343K]
Cutting Through The Confusion [PDF 506K] (only available online)
What is a Mutual Fund [PDF 261K] (only available online)

Kentucky Securities Law [PDF 317K] (intended for prosecutors/law enforcement officers)

Investing Games and Quizzes

Investment Fraud Awareness Quiz External Link - You are now leaving the .gov domain. – Helps you identify your vulnerability to fraud. This 12-question quiz by the North American Securities Administrators Association (NASAA) tells you how to avoid becoming a victim.

Investor’s Practice Track External Link - You are now leaving the .gov domain. – Teaches lessons about investing through game activities like skateboarding, rock climbing and golf.

FSI: Fraud Scene Investigator External Link - You are now leaving the .gov domain. – Shows how to detect and stop a million-dollar investment fraud and put a con man behind bars. This investment fraud detective game shows players how to research companies and understand the warning signs of fraudulent investment pitches.

FSI: Fraud Scene Investigator

OnGuard Online Games – Provides interactive games such as Invest Quest, The Case of the Cyber Criminal, Friend Finder and more. The site also provides practical tips from the federal government and the technology industry to help you be on guard against Internet fraud, secure your computer and protect your personal information.

Financial Football Training Camp External Link - You are now leaving the .gov domain. – Features an interactive game with four modules where financial savvy leads to touchdowns. Choose your favorite National Football League team and answer questions correctly to advance down the field.

This is the logo for the Financial Football interactive game.

Money Smart - An Adult Education Program – Provides access to the Money Smart Computer-Based Instruction, an easy-to-use, interactive learning tool that teaches the 10 modules of the Money Smart curriculum through the computer. The program is available online or on CD-ROM in both English and Spanish.


Money Smart Program

How to File a Complaint or Seek Damages

If you believe you have been wronged or that securities laws have been violated, there are two separate actions you can take:

1. You can file a complaint about potentially fraudulent activities. Contact DFI to file a complaint, report potential fraud or receive additional information regarding a securities entity or individual regulated by DFI. For more information visit the Securities Complaint page.

2. To recover damages like money or securities, you may consider an arbitration or mediation case. Investors can get information about the arbitration and mediation processes through a Financial Institution Regulatory Authority (FINRA) Webcast video External Link - You are now leaving the .gov domain. that describes what it's like to be a party in an arbitration or mediation case. The Webcast video for investors depicts an arbitration and a mediation in progress so that viewers can see what the processes are like.

 
 
Disclaimer

DFI is responsible for protecting Kentucky investors from financial predators and investment fraud through enforcement of the state’s securities laws.

The information provided on this site and in DFI publications is designed to provide a basic understanding of investment concepts. It is not intended to give investment advice, and it will not tell you what to invest in or who to invest with.

 

Department of Financial Institutions
1025 Capital Center Drive
Suite 200
Frankfort, KY 40601
Phone: 502-573-3390
Toll free: 800-223-2579
Fax: 502-573-8787
E-mail:
kfi@ky.gov

 

Investing Links
 

Investing Links

SaveAndInvest.orgExternal Link - You are now leaving the .gov domain. – Helps protect consumers from investment fraud and provides information to help people confidently handle their finances. There are separate sections for members of the military or for older investors (55+).

Investing Online Resource CenterExternal Link - You are now leaving the .gov domain. – Provides noncommercial information about investing online. This educational site is maintained by NASAA.

Investor Education by NASAAExternal Link - You are now leaving the .gov domain. – Features a fraud center, the Senior Investor Resource Center, investor alerts and the "investor bill of rights."

Financial Industry Regulatory AuthorityExternal Link - You are now leaving the .gov domain. – Provides investor alerts, financial calculators, market information and more. Check out the background of your securities broker, sales person, or investment adviser through the FINRA Broker Check. Or look up the requirements behind an adviser's professional designation.

U.S. Securities and Exchange Commission – Provides investor education publications on mutual funds, variable annuities, stocks and bonds. This site also contains financial calculators and investor education specifically for seniors.

America SavesExternal Link - You are now leaving the .gov domain. – Offers savings tips, money saving strategies, past newsletters and a Home Wealth Estimator.

eXtension.org Personal FinanceExternal Link - You are now leaving the .gov domain. – Provides information on a variety of topics, finance calculators, frequently asked questions and other resources. The objective site is created by an educational partnership of more than 70 universities.

InvestopediaExternal Link - You are now leaving the .gov domain. – Offers a dictionary, stock simulator, calculators, articles and more.

Top 10 Ways to Prepare for Retirement – Provides retirement tips and links from the U.S. Department of Labor.

AARP Financial Planning and RetirementExternal Link - You are now leaving the .gov domain. – Features tips for planning and managing finances, as well as how to order a free, five-part video called "Mission Retirement."

 

Other Links
 

General Financial Links

Annual Credit ReportExternal Link - You are now leaving the .gov domain. – Offers a free annual credit report.

FakeChecks.orgExternal Link - You are now leaving the .gov domain. – Explains how fake check scams operate and offers tips for avoiding falling victim.

360 Degrees of Financial LiteracyExternal Link - You are now leaving the .gov domain. – Offers information grouped by life stages, such as college, parenthood, home ownership and retirement or by financial topics, such as business owner, investment planning, estate planning and personal finance.

Federal Trade Commission for the Consumer Information – Offers links to publications with advice on avoiding scams and rip-offs, as well as other topics.  You can also file a complaint with the FTC or order FTC publications.

Federal Deposit Insurance Corporation Quick Links for Consumers and Communities – Provides links to information on identity theft and privacy, financial education, banking tools and resources, consumer protection assistance, deposit insurance, real estate and housing, and community reinvestment and development. Also there are links to FDIC publications.

Federal Reserve Consumer Help – Offers assistance with filing a complaint as well as information on checking accounts, credit, credit reports, deposit insurance, electronic banking, mortgage loans and small business products. 

Help With My Bank – Answers many questions common to all banking consumers from the Office of the Comptroller of the Currency. The site also provides information about filing a complaint with regulators.

MyMoney.gov – Teaches the basics about financial education, such as buying a home, balancing a checkbook or investing in a 401(k). The information comes from 20 federal government agencies.

Federal Citizen Information Center – Provides links to a number of free and low-cost publications, as well as recall notices, scam and fraud alerts and a link to kids.gov/. Also, it includes a link to the Consumer Action Web site, which includes all of the information in the Consumer Action Handbook.

Practical Money Skills for LifeExternal Link - You are now leaving the .gov domain. – Features resources for consumers and parents on topics such as buying a home, using employee benefits and setting a child's allowance. Resources are also available for teachers and businesses.

Kentucky Jump$tart CoalitionExternal Link - You are now leaving the .gov domain. – Offers a list of coalition activities and a link to Jump$tart's clearinghouse of information and teacher curriculums.

Kentucky Council on Economic Education's Parent's CornerExternal Link - You are now leaving the .gov domain. – Provides tips on teaching children to save and helping children learn decision making skills. Also links to a children's literature list and games, as well as resources for teachers.

Consumer JungleExternal Link - You are now leaving the .gov domain. – Features areas specific to teachers, students, parents and consumer awareness. Topics include buying a car, using credit responsibly, avoiding fraud, budgeting and living on your own.

Consumer Federation of AmericaExternal Link - You are now leaving the .gov domain. – Provides information resources on payday lending for consumers and advocates.

Identity Theft Links

Kentucky Office of the Attorney General – Offers a downloadable identity theft victim kit, tips for victims and information for businesses.

Identity Theft – Features the results of the President's Task Force on Identity Theft. The Taking Action link leads to a variety of federal resources regarding identity theft.

Fighting Back Against Identity Theft – Provides resources from the Federal Trade Commission to report identity theft, order publications, file a complaint and resolve problems.

Disaster Preparedness Links

Operation Hope's Hope Coalition AmericaExternal Link - You are now leaving the .gov domain. – Provides links to the Emergency Financial First Aid Kit and the Personal Disaster Preparedness Guide.

Kentucky Office of Homeland Security – Tells how to protect your family and your business in the event of a disaster. Also offers tips for children, the elderly and people with disabilities.

 

Last Updated 10/14/2009
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