NASD Investor Education Foundation
ORG
NASD NASD Investor Education Foundation
NASD will unveil today a financial education program it has developed exclusively for members of the armed forces and their families. According to NASD, more than $5 million of that settlement has been used to reimburse military customers for excessive sales charges they paid for the high-cost mutual funds sold to them by First Command. The remaining money was paid into the NASD Investor Education Foundation and earmarked for military financial education. The NASD foundation is also paying for 200 current or surviving military spouses to become accredited financial counselors under an unusual fellowship program it has developed in partnership with the National Military Family Association and the Association for Financial Counseling and Planning Education.