HARRISBURG, Pa., Feb. 23, 2017 /PRNewswire-USNewswire/ -- In a cooperative effort to improve investor education and protection, the Pennsylvania Department of Banking and Securities and Pennsylvania Department of Education announce their participation in the 2017 DASH for the STASH program and contest.
"Investor education can help Pennsylvanians achieve financial capability when it comes to making investment decisions and protecting themselves against fraud," said Secretary of Banking and Securities Robin L. Wiessmann. "This program will help investors better understand their investment options and make educated decisions about their money."
In its fourth year, DASH for the STASH is a multi-state program and poster contest aimed at improving investor understanding on four topics: financial advisers; investment fees; investment fraud; and building a retirement nest egg. Participants can visit any participating DASH for the STASH host location, read the content on each of a series of four informational posters, and then scan the unique QR code on each poster to answer a quiz question on that particular topic.
Contest locations can run the program any time from April 1-October 31, 2017. One winner from Pennsylvania will be chosen in a random drawing of those who logged the correct answer for all four posters. The winner will receive a $1,000 contribution from the Investor Protection Institute (IPI), an independent nonprofit organization that works to advance investor protection through research and education programs, to a new or existing Individual Retirement Account (IRA) for 2017.
The participating location with the most contest entries will also receive a $100 contribution from IPI towards their investor education and protection efforts.
"Education doesn't have to occur in the classroom, and learning doesn't stop when we graduate," Education Secretary Pedro A. Rivera said. "Understanding the basics about investing and finances can help Pennsylvanians of all ages prepare for a more secure future."
The DASH for the STASH program is offered in Pennsylvania in partnership with the IPI. All funding for the DASH for the STASH is provided by IPI funds.
Information on how to participate in the DASH for the STASH can be found online: www.iInvest.org/programs/dash-for-the-stash.
Media contact: Ed Novak (Banking and Securities) 717-783-4721
Nicole Reigelman (Education) 717-783-9802
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SOURCE Pennsylvania Department of Banking