PRESS RELEASE
OKLAHOMA SECURITIES COMMISSION OFFERS “FSI: FRAUD SCENE INVESTIGATOR” PROGRAM New Online Investor Education Program Teaches Students to Fight White-Collar Crime
 
For Immediate Release
Monday, August 13, 2007 
 
Contact: Irving L. Faught, Administrator
  Oklahoma Department of Securities
  405-280-7700
 
 
Oklahoma City/////  The Oklahoma Securities Commission announces the availability of a free innovative online investor education program, FSI: Fraud Scene Investigator. The program, will support the Invest Ed™ STARS project by teaching high school students how to fight investment fraud firsthand.

Invest Ed™ STARS (Students Tracking and Researching the Stock Market) is a semester-based project designed to teach high-school students how to invest in the stock market safely, wisely and for the long-term. STARS curriculum has been used state-wide in Oklahoma high schools since 2005. STARS is made possible by the Oklahoma Securities Commission and produced by the University of Oklahoma Outreach.

FSI: Fraud Scene Investigator is an interactive program that teaches and empowers students how to detect and stop investment fraud, using a resource they’re most familiar with—the Internet, said Irving Faught, Administrator of the Oklahoma Securities Commission. The program, along with a corresponding guide for teachers, is available free to educators for use in classrooms and at home. Mr. Faught said the program was developed by the North American Securities Administrators Association, of which The Oklahoma Securities Commission is a member.

The FSI program, which can be accessed through the NASAA website www.nasaa.org, is designed to help students learn how to:
Understand an investment account statement.
Examine a company’s stock chart and trading activity.
Research a brokerage company / individual broker.
Identify a common investment scam.

In the initial FSI program, titled “Suitable Investments,” students help uncover a million-dollar fraud in progress and put the mysterious con man, “Mr. X,” behind bars. “Along the way, students learn how to read stock reports, research companies, and decipher the warning signs of fraudulent sales pitches,” Mr. Faught said.

The FSI Resource Guide for Teachers offers pre- and post-program student assessment surveys, definitions of investment terms, quizzes, and additional materials and suggestions to lead class discussions on how to research a company, what to look for in a company’s prospectus, and how to read a balance sheet.

“Fraud prevention is often an overlooked piece of many financial education courses. NASAA’s FSI: Fraud Scene Investigator program fills this need by integrating easily as a companion to other financial literacy programs, or functioning as a stand alone resource on investing and fraud prevention,” said Mr. Faught.

The Oklahoma Securities Commission is working with educators to integrate the FSI program into schools throughout Oklahoma. In cooperation with NASAA, the Newspaper Association of America Foundation will assist in making the FSI program available to teacher’s throughout the United States through its Newspaper in Education (NIE) network of newspaper websites and resources.

“The NAA Foundation believes in developing engaged students through support of programs like FSI: Fraud Scene Investigator, which enhance understanding not only of investment fraud but the importance of using the channels of verifiable information available to them through online news sources,” said Jim Abbott, Vice-President of the Newspaper Association of America Foundation.

To learn more about the Invest Ed™ investor education programs, STARS, or for more unbiased resources, log on to investedok.org or call (405) 280-7755.
-30-
 
 
This press release, and related information, is available on the Securities Commission's web site at securities.ok.gov, by phone at (405) 280-7700, or in writing at:  Oklahoma Securities Commission, 204 North Robinson, Suite 400, Oklahoma City, OK 73102.