SEC, Pentagon Hold Town Meeting
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WASHINGTON (AP) _ The Securities and Exchange Commission announced Tuesday it is holding its first investor town meeting jointly sponsored with the Defense Department on June 12 in Norfolk, Va.
The meeting and educational program are designed to help people, including military families, learn how to save and invest wisely in the aftermath of Enron’s collapse and other developments that have shaken investor confidence.
It is being sponsored by the SEC and the defense secretary’s personnel and readiness office.
Financially strapped military personnel often fall into a cycle of borrowing and debt.
The SEC held 42 investor town meetings during the eight-year tenure of former chairman Arthur Levitt but had only one last year, also in Norfolk.
SEC Chairman Harvey Pitt held the agency’s first ``investor summit″ last month at the agency’s Washington headquarters. It was broadcast over the Internet and on cable television.
On the Net: Securities and Exchange Commission: http://www.sec.gov