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What are the courses offered by the CNV to avoid fraud in unregulated investments?

What are the courses offered by the CNV to avoid fraud in unregulated investments?

The official alluded to the ongoing joint work with various agencies and the Judiciary, adding that “We have made very positive progress in articulating with different actors involved in prevention and investigation of this type of scheme. It is also essential to work on financial education”.

The deputy manager of Investor Protection and Financial Education of the CNV, Ricardo Lazzari, and Francisco Silvestre, director of Financial Inclusion and Social Financing, of the National Ministry of Economy (MECON).

The aggressive advertising campaigns of a group of recently created companies that included public figures, who encourage them to invest with the promise of obtaining improbable profits, was one of the axes exposed before the political and social referents of different provinces.

Lazzari added that the fraudulent offers “they become more complex with a series of elements that question far beyond the rational calculation of comparative yields of different investments; appeals to biases and irrational, emotional, underlying elements in the investors when deciding an investment”.

He also highlighted the need to “provide as much information as possible to investors, that we warn them about the risks of operating in unregulated environments and that we provide them with all the possible tools to evaluate an investment prior to making it.”

The CNV is articulating with the National Directorate of Financial Inclusion and the National Ministry of Education training on these fraud issues for secondary school teachers from all over the country so they can be a bridge with families to avoid scams.

The meetings were coordinated by the director Mónica Erpen, with the participation of Sol Prieto, director of Economy, Equality and Gender; María Higonet, Undersecretary of Approach and Regional Management of the Ministry of Development and Habitat and coordinator of the Federal Network of Councilors of the Argentine Federation.

The first workshop was held last week on inclusive financing and social bonds, which featured María Eugenia di Paoli, from UNDP; Ariel Geandet, from the National Institute of Associations and Social Economy (INAES); Matías Kelly, from Sumatoria, and Erik Jaloff, from Techo.

In that occasion, Erpen explained how the issuance circuit works and the role of each of the actors necessary to issue a bond that reaches investors with a guarantee and social labeling. He also stressed the importance of working on education and financial inclusion with workshops that present the what, how and when of recent and concrete cases that provided real solutions to the financing needs of the most vulnerable segments of the economy, such as Techo and Sumatoria.

“There is a huge demand for social and environmental bonds. And an enormous will from each of the parties involved in this process to consolidate it. It is our duty to help articulate the parties”, highlighted the director of CNV.

Almost 200 people from different locations in San Luis, La Rioja, Chaco, Entre Ríos, Misiones, Rio Negro, Salta, La Pampa, Tucumán, Tierra del Fuego, Santa Fe, Corrientes, Jujuy, Buenos Aires, Chubut, participated in both workshops. San Juan, Santiago del Estero, Catamarca, Mendoza and Neuquén.

The initiative was carried out jointly by the National Directorate of Economy, Equality and Gender (MECON), the Federal Network of Councilors of the Argentine Federation of Municipalities and the CNV-PNUD Laboratory.

Source: Ambito

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