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State agency cautions investors to beware
of Ebola - related scams

MADISON – Following the outbreak of Ebola in western Africa and its appearance in North America, the Wisconsin Department of Financial Institutions (DFI) today cautioned investors to beware of opportunistic Internet - based investment schemes related to the disease.

"Past experience tells us that during periods of uncertainty or fear, con artists often times will attempt to make a quick score at the expense of investors ," said Patricia Struck, Administrator of DFI's Division of Securities. "Investors should be very wary of any unsolicited Ebola - related investment opportunities, especially those received via the Internet."

The full press release may be found at www.wdfi.org/Newsroom/Press.

Emergency preparedness is topic
of training session for DFI employees

MADISON – About 40 employees of the Department of Financial Institutions attended a training session on emergency preparedness on October 22. Jennifer Laack, front left, community preparedness coordinator for the Wisconsin Department of Military Affairs, conducted the training, which was coordinated by DFI’s Bill Hoernke, front right. The training was part of DFI’s ongoing focus on Continuity of Operations/Continuation of Government in the event of an emergency.

Governor’s Council on Financial Literacy
learns about Wisconsin Promise Initiative

MADISON – Ellie Hartman, right, of the Wisconsin Department of Workforce Development was a featured presenter at the October 9 meeting of the Governor’s Council on Financial Literacy. Hartman spoke about the Wisconsin Promise Initiative, a program that is intended to improve services for youth recipients of Supplemental Security Income (SSI) and their families. The goal of Wisconsin Promise is to help the youth participants and their families meet their school and work goals in order to better their income and financial stability, reducing poverty.

Wisconsin Promise is one of six such programs under way in the United States. State agencies involved in the program are DWD, the Department of Health Services, the Department of Children and Families, and the Department of Public Instruction.

Pictured above with Hartman are, left to right: Ted Nickel, Commissioner of the Office of the Commissioner of Insurance and Co-Vice Chair of the Governor’s Council; Peter Bildsten, Secretary of the Department of Financial Institutions and Co-Vice Chair of the Governor’s Council; and David Mancl, Executive Director of the Governor’s Council.

Nominations open through Nov. 21
for 2014 Wisconsin Financial Literacy Award

MADISON – MADISON – Nominations for the 2014 Wisconsin Financial Literacy Award will be accepted through Nov. 21, the Governor’s Council on Financial Literacy announced this week. Nominations may be made in one of three categories:

  • Individual – Any person providing exception financial literacy education in an innovative manner.
  • Organization/business – Any organization or business promoting financial literacy in an innovative manner through its initiatives.
  • Legacy – An organization, business or individuals whose purpose and heritage is ingrained in sustained financial literacy and capability, and whose reputation in doing so is held in high regard in serving as a model for others in carrying on the work of supporting financial literacy and expanding opportunities through financial capability. This lifetime recognition is intended to be conferred once to the recipients.

The full press release may be found at www.wdfi.org/Newsroom/Press.

DFI meets with federal official
to discuss financial literacy initiatives

MADISON – Secretary Peter Bildsten, center, and David Mancl, left, from DFI’s Office of Financial Literacy met on Oct. 8 with Janneke Ratcliffe, head of the Office of Financial Education for the federal Consumer Financial Protection Bureau (CFPB). Ratcliffe was appointed to her position two weeks ago and met with DFI to discuss financial literacy initiatives at the state and national levels.