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

Volkswagen AG

Better Finance (the European Federation of Investors and Financial Services Users) and notable investor advocacy group DSW, based in Düsseldorf, Germany, recently joined the World Federation of Investors in support of the Stichting Volkswagen Investors Claim.

At its annual meeting in Milan last October, the World Federation of Investors (WFI) formally endorsed a program to enable investors in Volkswagen AG, Porsche AG and Audi AG securities to seek recovery for losses in the value of these securities resulting from the emissions fraud committed by Volkswagen.

Since the annual meeting, WFI has been a proactive advocate by informing, educating and facilitating individual investor participation in the Stichting Volkswagen Investors Claim, a nonprofit foundation established in the Netherlands to represent the interests of victims in seeking a resolution of claims against VW. The foundation's objective is to obtain relief for investors who have suffered investment losses as a result of the Volkswagen emissions fraud.

"This foundation is a unique opportunity for all VW investors," says Jella Benner-Heinacher, DSW's chief managing director. "It opens the door for them to pursue, at no cost, a settlement with VW." Founded in 1947, DSW has more than 30,000 members and is the leading shareholders' association in Germany.

Reflecting the broad international scope of the claims, the stichting has engaged counsel from the Netherlands (AKD), Austria (Breiteneder Rechtsanwälte Attorneys at Law) and the United States (Labaton Sucharow LLP), as well as attorneys from other European countries.

More information about Stichting Volkswagen Investors Claim is available on its website:


The WFI Executive Committee met at WFI offices in Gent, Belgium, on March 30-31, 2015. Seven Executive Committee members were joined by seven guests. Individual directors gave reports on their country and on issues relating to individual shareholders. Read more

WFI Executive Committee

WFI Executive Committee
(Back): Lars-Erik Forsgärdh, Paolo Brambilla (WF Young Investors: Patrick Thomenius and Elizabéta Lindström), Henning Wegener, Jean-Pierre Paelinck, Kasia Rusek, Wilfred Hübscher, Roger Ganser
(Front): Hachem Boulos, Katherine Naherny, Frank Fumio Kaneko


September 30 – October 3, 2015, Milano, Italy

Advocate Fausto Bongiorni of Studio Legale and Dr. Paola Brambilla of ASSOInvestors, the Italian investors association, hosted WFI's General Assembly/Annual Meeting in Milano. In addition to WFI Chairman Roger Ganser, keynote speakers representing the Italian financial sector as well as the representatives of the legal society, judges and law firms spoke at the opening session. Thursday and Friday were devoted to financial education programs and to the protection of shareholders' rights, including the Volkswagen EPA fraud that has significantly affected VW shareholders. On Saturday, ASSO and the Slovenian Association hosted WFI members to EXPO Milan. Fifty-two delegates and guests from twenty-seven countries enjoyed the hospitality of our hosts and participated in the WFI programs.

WFI Welcomes New Members:

Argentina, National Network, Dr. Gabriel Trajtenberg
Australia, Australian Shareholders Association
Azerbaijan, Dr. Fuad Shahvaliyev
Belgium, Advocatenkantoor Marc Callant
Greece, Alphatrust, Dr. Phaedon Tamvakakis
Luxembourg, Raymond Goebbels
Netherlands, Value 8


The PanSlovenian Investors & Shareholders Association (VZMD) reached out to the international and global media to focus on the issues of the entire cancellation of subordinated bonds of six Slovenian banks. The involved parties, and the Government of the Republic of Slovenia in particular, were called upon to immediately examine the possibilities to resolve this untenable situation and begin settlement proceedings as soon as possible.

From Left: Roger H. Ganser, WFI Chairman; Rajko Maric (Serbia), WFI Member; Jean-Pierre Paelinck, WFI Sec. General / President; and Frank Kaneko (Japan), WFI Member

WFI Report
"Financial Security and Accounting Malpractice"

From the very beginning of the new century there have been several corporate scandals both in Europe and the United States which have led to huge stock market falls, nationalization of banks and even the disappearance thereof. These scandals have caused serious damage to shareholders, employees, and creditors alike. In addition, they have evidenced the need to enhance the existing rules and regulations on financial information disclosure by the large listed companies, thus strengthening the enforcement of transparent financial reporting.

In an effort to call attention to these serious issues and to protect individual investors, the World Federation of Investors (WFI) has drafted a report: "Financial Security and Accounting Malpractice", 13 July 2015.

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WFI Officers
Active in Regulatory Affairs

Aldo Sicurani, WFI Treasurer
– since 2004 of the Commission Epargnants (Savers' Commission) of the Autorité des Marchés Financiers (French Financial Markets Authority)

Roger H. Ganser, WFI Chairman
– since 2013 member of Investor Advisory Committee of U.S. Security Exchange Commission
– since 2014 member of Investor Issues Advisory Committee of U.S. Financial Industry National Regulatory Authority


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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WFI Gala Dinner in Milano, Italy

Perfomers at WFI 2015 Annual Meeting

WFI member Frank Kaneko, Japan, and recording artist Cecile Prakken of Italy, perform at WFI's gala dinner in Milao, Italy.

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