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‘there are fraudsters out there’


May 6, 2022
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STAMFORD– U.S. Rep. Jim Himes provided Stamford High School trainees a short lesson on civics and politics Friday early morning and informed them to be careful of financial investment offers too excellent to miss.

The lesson belonged to an across the country online competitors that teaches trainees about individual financing and investing.

The yearly occasion, called the Capitol Hill Difficulty, includes every American congressional district. Each district is coupled with its matching congressperson, which in this case is Himes, a Democrat representing Connecticut in your home.

Trainees who participate in the obstacle are offered a theoretical $100,000 online portfolio of stocks, bonds, shared funds, money and ecological, social and business governance financial investments, or ESG, and are anticipated to invest it into stocks. One caution is that they can just invest approximately 25 percent of their overall into any one stock.

Throughout a short speech and a question-and-answer sector, Himes provided the trainees some financial investment guidance.

” Greater returns tend to come with more dangerous financial investments,” he stated to a little event of trainees from the high school’s individual financing and entrepreneurship classes. “So you simply need to ask yourself, ‘Just how much threat am I ready to take?'”

Another general rule: “If it sounds too excellent to real, it most likely is, due to the fact that there are fraudsters out there,” stated Himes, who was a lender for 12 years prior to ending up being a congressman.

The Capitol Hill Difficulty is arranged by the Securities Market and Financial Markets Association (SIFMA) Structure, an academic not-for-profit arm of the association. The umbrella company is a market trade group that represents securities companies, banks and possession management business around the world.

A trio of trainees at Stamford’s Academy of Infotech and Engineering, among the district’s 3 high schools, completed 2nd location in the competitors in 2015 versus an overall of 10,000 trainees who took part in the obstacle.

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