WFIC - World Federation of Investors Corporation

The World Federation of Investors is an independent, not-for-profit organization whose members are primarily national shareholders' associations. WFI was formed to promote investor education and shareholder advocacy. WFI helps national shareholders associations and investor advocacy groups better serve their members. more
2015 WFI ANNUAL MEETING:  Sept. 30 – Oct. 3
2015 WFI Annual Meeting - Milano, Italy

WFI 2015 Annual Meeting
September 30 – October 3, 2015, Milano, Italy

The host in Milano will be:
Lawyer Fausto Bongiorni, Studio Legale in Milano, together with
Lawyer (they are associated) Paola Pivato of the Studio Legale in Bologna.

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Expo Milano 2015Expo Milano 2015 is the Universal Exhibition that Milan, Italy, will host from May 1 to October 31, 2015. Over this six-month period, Milan will become a global showcase where more than 140 participating countries will show the best of their technology that offers a concrete answer to a vital need: being able to guarantee healthy, safe and sufficient food for everyone, while respecting the planet and its equilibrium. In addition to the exhibitor nations, the Expo also involves international organizations, and expects to welcome over 20 million visitors to its 1.1 million square meters of exhibition area.

Designed by internationally-renowned architects, Expo Milano 2015 includes an exposition garden with more than 12,000 trees, water features and a canal. Reflecting the signature urban-planning style of the ancient Romans, the site is based on two wide avenues, the Cardo and the Decumano, which intersect at Piazza Italia. On these avenues stand the pavilions of the participating countries, the public squares and the areas dedicated to events and catering. Constructed to be energy-efficient and sustainable, the buildings are designed to be removed and reused, mainly for humanitarian purposes, after the event concludes.

The site will host four thematic areas. The range from Pavilion Zero, which traces the history of humankind via its relationship with food, to the Future Food District, which explains how technology will change food storage, distribution, purchase, and consumption. Then there are the areas of the Children's Park, where the young folk can learn about the themes of Expo Milano 2015 while having fun, and the Biodiversity Park, a large garden in which a number of our planet's ecosystems are reproduced. In Milan itself, the Triennale Museum, will be Arts & Foods, an exhibition exploring how the relationship between food and art has changed over the centuries.

Expo Milano 2015 is not only a showcase of the best technologies for a sustainable future, but a global, interactive event with thousands of cultural offerings both within and outside the exhibition site. Shows, concerts, conferences, cooking demonstrations, workshops and exhibitions will transform Expo Milano 2015 into an occasion for reflection as well as enjoyment.

On Saturday, October 3, and Sunday October 4, Paolo Brambilla will be happy to visit the Expo together with international guests or to attend cultural offerings outside the exhibition site.


WFI Chairman Roger Ganser’s closing remarks at the Annual Meeting of the World Federation of Investors in Vienna, Austria.

Thank you, moderator Peter Muzik, distinguished speakers, RBI for hosting our Annual Meeting in their lovely facility, and to Willi Rasinger and his colleagues for being such gracious hosts during our three days in Vienna.

My role as Chairman of WFI and as a worldwide promoter of investor education came after a teaching career and a thirty-year career as a venture capitalist. I am currently serving a four year term on the USA Security Exchange Commission’s (SEC) Investor Advisory Committee where I am a member of the Executive Committee and chairman of the Investor Education Subcommittee. This past year I was appointed to the Investor Issues Committee of the USA Financial Regulatory Agency (FINRA) who oversees all stock exchanges, brokers, advisors, and dealers. For the past six years I have represented individual investors at the New York Stock Exchange advisory committee. So, I understand the process of capital formation and the importance of capital formation to the future of a nation's economy and the welfare of its citizens. Financial literacy, which refers to very basic skills like balancing a check book, is a worldwide problem. Investor education is an equally critical problem if we are to enable individual investors to build wealth to insure their own quality of life. We require the cooperative efforts of governmental agencies, banks and exchanges, and non-profit investor education organizations to create nations of active and successful individual investors.

Below: Speakers at WFI sessions "Financial Education" and "Banking and Business in CEE and Russia" hosted by Raifeisen Bank International

Speakers at the WFI Annual Meeting in Vienna, Austria

Herbert Stepic, Speaker at the WFI Annual Meeting in Vienna, AustriaAbove (from left): Eduard Zehetner, CEO, Immofinanz, AG; Roger H. Ganser, WFI Chairman; Dr. Wilhelm Rasinger, President, IVA and 2014 WFI host; and Peter Muzik, Moderator

Left: Herbert Stepic, Past Chairman, Raiffeisen Bank International AG


Former WFI Chairman Lars-Erik Forsgårdh is now Chairman of the European Confederation of Directors' Association, an independent voice advocating good corporate governance in the EU.


Roger Ganser, the nationally known founder of Venture Investors LLC, Wisconsin's oldest and largest venture capital firm will be inducted into the Wisconsin Investor Hall of Fame during a November 12, 2014, dinner tied to the Wisconsin Early Stage Symposium. Read more

U.S. SEC Chair and Obama:
Protect Retirement Accounts

U.S. Securities and Exchange Commission Chair Mary Jo White said on Tuesday she supports crafting new rules to harmonize the differing standards that govern how retail brokers and advisers offer investment advice. White did not offer many details. But generally the rule would harmonize disjointed standards of care between investment advisers, who must act in a client's best interest, and brokers, who are held to a lower "suitability" standard.

White’s announcement closely follows President Obama's important retirement security initiative: ending conflicts of interest and hidden fees when people save for retirement. This common sense rule merely requires brokers and other financial advisers to act in their clients' best interests rather than their own personal interests when providing retirement investment advice. The President announced his strong support for an updated rule from the Department of Labor (DOL) that has been sent to the Office of Management and Budget (OMB) for review – a critical first step in the rulemaking process. This rule is expected to require everyone who provides retirement advice to act solely in the best interests of their clients.

It is anticipated that Wall Street opponents of this critical reform will continue to try to kill or gut the rule. To help defend the rule, leading labor, retirement, and investor protection organizations – AARP, the AFL-CIO, Americans for Financial Reform, AFSCME, the Consumer Federation of America, and the Pension Rights Center – created a website ( that will provide up-to-date information and resources for the public to stay current and involved. For more information, go to

The USA Security Exchange Commission to Keep U.S. Accounting Rules

Any changes that the SEC makes to corporate accounting rules would preserve the U.S. version of financial statements for investors, an agency official said. SEC Chief Accountant James Schnurr said "U.S. issuers would voluntarily be able to provide supplemental IFRS financial information. Investors would continue to get their U.S. GAAP (Generally Accepted Accounting Principles) financial information as they do today."

WFI Vienna Meeting, Stan Grierson, ShareSoc UK and Oderinde Taiwo, Nigeria
Left: Stan Grierson, ShareSoc UK
Right: Oderinde Taiwo, Nigeria

Fédération des Investisseurs individuels et des Clubs d'investissement (F2iC)

France has over four million individual investors representing 105 billion Euros in assets. Like elsewhere in the world, those numbers were higher a decade ago. F2iC is successor to the French Federation of Investment Clubs (FFCI) which was founded in 1968. F2iC is a non-profit organization whose mission is to promote long-term financial savings by contributing to the development, improvement and maintenance of financial literacy of consumers, savers, investors, and individual shareholders. Read more


Washington, D.C. – The Financial Industry Regulatory Authority (FINRA) announced the creation of a new Investor Issues Committee to advise FINRA staff on matters that significantly affect individual and institutional investors. WFI Chairman Roger Ganser was appointed to this committee as a representative of individual investors. Read more


Personal investing in equity as a way of forming wealth should be promoted, since it enables individual investors to participate in the growth of business and thereby in the progress of nations and the world economy. Access to their own investment capital in stocks increases individuals' freedom of action and improves their chances of weathering financial difficulties. Private share ownership thus enriches the individual in a number of ways.

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