Just when you thought the SEC had run out of good ideas, investor.gov comes along and just blows your mind all over again.
Nevermind Mary Schapiro’s surprisingly pleasant welcome and tips on how to avoid fraud. The Money Game page is where the real ingenuity comes into play.
Moneytopia takes a while to load, which obviously serves as proof that this latest method of educating the public has caught fire like no one could have expected.
Except for the Commission that is. Lucky for us, Schape & Co. had the foresight to realize how popular Moneytopia would be and allows you to play Bust Out while you wait.
When the game finally loads (after our horrendous score of 600), Moneytopia takes a stab at our earlier suggestion regarding financial statements, using cartoons and make believe wealth and connections to explain how to be not only a better investor but an honest investor. Like we said, another bullseye.
Representatives of large institutional investors told the Securities and Exchange Commission on Thursday that they had serious qualms about the London-based International Accounting Standards Board replacing the U.S. Financial Accounting Standards Board as the primary arbiter of accounting rules in this country.