2000 Press Releases

NAIC Presents Government Service Award to FOLIOfn VP Nancy M. Smith


VIENNA, Virginia – During its annual Investors Congress and Expo, the National Association of Investors Corporation (NAIC)’s Investment Education Institute (IEI) presented Nancy M. Smith with its “Dutch Shoe” award in recognition of her outstanding contributions to the field of investment education. The NAIC is a non-profit association dedicated to investment education for individuals and investment clubs, founded in 1951.

Smith now serves as Vice President of Web Content and Investor Education for FOLIOfn, an online brokerage offering a revolutionary new way to invest. Prior to joining FOLIOfn, Smith was Director of the Office of Investor Education for the U.S. Securities and Exchange Commission (SEC). Under her leadership, that new office undertook a variety of new initiatives to educate and protect investors, including the establishment of a web site for investors and nationwide investor town meetings. Smith was also instrumental in the drive to require companies to write prospectuses in plain English.

“Nancy is clearly one of the leading investor advocates in the country, and I applaud the NAIC for recognizing her work,” said FOLIOfn founder and CEO Steve Wallman, a former SEC Commissioner. “I saw her commitment to investors every day during my tenure at the SEC, and it’s why I was so thrilled that she agreed to join FOLIOfn. We are committed to running this brokerage in a way that benefits investors, and Nancy’s guidance serves us well in that effort.”

Prior to joining the SEC, Smith served as Director of the New Mexico Securities Division, where she directed the state agency charged with protecting New Mexico citizens from fraudulent and unfair securities offerings and practices. In that role, Smith was active in the North American Securities Administrators Association (NASAA), the oldest international organization devoted to investor protection. She was among a group of five state regulators who represented NASAA in an investigation of problems associated with limited partnerships sold by Prudential Securities in the 1980s. The probe led to Prudential paying over $1 billion to wronged investors.

In her current position with FOLIOfn, Smith is a member of the company’s management team and is involved in all aspects of developing and introducing new products, including FOLIOfn’s first product, FOLIO Investing. She directs all content developed for the site and has focused on integrating educational and help information into the site’s brokerage area, rather than having it only available in separate sections.

Smith, who has also worked as a senior legislative aide on Capitol Hill, earned undergraduate and law degrees from Georgetown University, and now lives in Virginia with her husband, Jeff.

About Folio Investing

Folio Investing, a division of FOLIOfn Investments, Inc., is an online brokerage that enables investors to manage stocks, ETFs, and mutual funds as integrated investment portfolios called “Folios” that deliver better control, greater transparency, and lower cost. Investors can create their own Folios, much like creating personalized ETFs or mutual funds, or invest in over 100 Ready-to-Go Folios representing market indices, sectors, geographical regions, target dates, and more. The Folio Unlimited Plan features unlimited commission-free trading in twice-daily windows for only $29 a month or $290 a year. Ready-to-Go Folios can be managed or unmanaged, are not registered investment companies, and are offered by FOLIOfn Investments, Inc., a registered broker-dealer. FOLIOfn Investments, Inc. does not provide investment, tax, or legal advice. FOLIOfn Investments, Inc., is a member of FINRA/SIPC.