The United States Securities and Exchange Commission (SEC) has launched a game show campaign to help investors make informed decisions “in a fun way”. One of the contestants on the game show chose to eavesdrop on a celebrity and invest in crypto.
SEC launches ‘game show-themed public service campaign’
The SEC’s Office of Investor Education and Advocacy unveiled “a game show-themed public service campaign” last week. Titled “Investomania”, the campaign aims “to help investors make informed investment decisions and avoid fraud”.
The campaign includes a 30-second TV spot, interactive quizzes, and 15-second informational videos on crypto assets, margin calls, and guaranteed returns, the SEC detailed, stating:
The campaign encourages investors to research investments and obtain information from reputable sources to understand the risks before investing.
In the TV spot, the game show host asks two contestants to choose a square on a video game board with investment options. They included internet rumours, celebrity mentions, your uncle’s stock tips, crypto to the moon, fear of missing out (FOMO), meme stocks, tulip bulbs, guaranteed returns, and the market timing.
One of the 15 second videos was talking about investing in crypto. In the video, a celebrity encourages investors to take their advice and buy crypto assets.
The SEC describes:
Once the candidates have made their choices, the video shows, in an amusing and comic way, the consequences of a good or a bad choice.
“Sometimes investing can feel like a game,” the SEC noted. “Our public service campaign ‘Investomania’ uses a game show concept to educate investors in a fun way that investing is not a game and that they should exercise due diligence when making decisions. investment.”
The securities watchdog concluded:
The bottom line is, don’t play games with your financial future.
What do you think of this SEC game show campaign? Let us know in the comments section below.
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