Saltar al contenido principal
logo

2023 Annual Conference

del 16 al 18 de May del 2023

Palace Station Hotel & Casino, Las Vegas, NV, US

IMPORTANT NOTICE: The date, time, and room assignment of YOUR presentation is SUBJECT TO CHANGE.

Proposal authors can use this tool to see where they have been placed in the program agenda for an Oral or Poster Session.

Scroll down to search by the Submitter or Author Name, by Date/Time, or by Keywords.

Confirm your place in the schedule by following the instructionss that were emailed to you. Each presentation must have a separate paid registration. Contact the ACCI office immedicately by email at admin@consumerinterests.org to report any conflict, all corrections to the details of the presentation (including author names and the order they are listed as this is how it will be in the final program), or if you have any questions. Please be sure to reference the session title(s), date(s), and time(s) when you contact us.

E3b Does it Help to be Concerned? Exploring the Association Between Worry About Investment Fraud and Investing Behavior

miércoles, el 17 de mayo de 2023 a las 15:45–17:15 PDT
Room 3
Short Description

Using data from the FINRA Foundation’s 2021 National Financial Capability Study Investor Survey, we explore if worrying about investment fraud varies by investor characteristics, and if worrying about investment fraud is associated with certain investing behaviors. Findings from this study can provide helpful information for policy makers, financial advisors, and financial educators seeking to protect investors from investment fraud, improve investment decision making, and increase consumer wellbeing. The findings showed a number of demographic and psychographic variables related to worry about investment fraud. Investors who were younger, nonwhite, less experienced in investing, willing to take substantial financial risk, and with the medium investment size were more likely to worry about investment fraud. In addition, subjective investment knowledge was positively associated with worry about investment fraud, while objective investment knowledge and comfort making investment decisions were negatively associated with it. Worry about investment fraud was positively associated with all investing behaviors except for trading frequently where a significant negative relationship exists. Subjective investment knowledge was positively associated with seven investing behaviors, except for trading frequently and investing in cryptocurrencies. Objective investment knowledge was associated with only four behaviors, positively one (trading frequently) and negatively three (authorizing a trusted contact, using professional advice and using a financial professional to execute trades). Comfort making investment decisions was positively associated with five investing behaviors and negatively associated with two behaviors.

Type of presentation

Accepted Oral Presentation

Submitter

Jing Jian Xiao, University of Rhode Island

Authors

JingJian Xiao, University of Rhode Island
Robert Mascio, FINRA Foundation
James McDowell, FINRA
Gary Mottola, FINRA Foundation
Cargando…