WFIC - World Federation of Investors Corporations

WFIC - Who We Are

WFI was officially incorporated on July 19, 1979. The original Articles of Incorporation state the purpose is "to provide a center for the exchange of information and ideas between the various National Associations."

The Founding Documents further state: "The Association shall have the common purpose of assisting and furthering the organization and promotion of investment education associations in all the countries of the world; to further the cause of wider share-ownership and to advance investment education on a worldwide scale for the betterment of individuals, families, and nations through an international exchange of investment and economic knowledge and the mutual exchange of information and assistance between the member-countries and between individuals and groups in each such country."

To accomplish its mission, WFI provides a variety of programs to its members. These include:

Organizing a bi-annual convention hosted by a member country. Convention topics include investment education and investment information about the host country.

Assisting organizations in non-member countries with the formation of investor federations and membership in WFI.

Offering seminars on investment education and formation of investment clubs.

Establishing rules for the fair treatment of investors worldwide (WFI Investors Rights).


New WFI By-Laws (Draft)       Current WFI Bylaws       WFI Investors Rights
(The Draft Bylaws will be presented to the membership at the Annual Congress in Malaga, September 15-16, 2016)


Lars-Erik Forsgårdh, Ph.D., WFI Auditor and Advisor
Immediate Past-Chairman, WFI
Chairman, Swedish Institute of Directors
Chairman, The Swedish Foundation for Share Promotion

Roger H Ganser, WFI Chairman
Chairman, NAIC/BetterInvesting (USA)
Retired Managing Partner, Venture Investors LLC (USA)

Jean-Pierre Paelinck, Ph.D., WFI President and Secretary General
Honorary Secretary General, Euroshareholders

Aldo Sicurani, WFI Vice-President and Treasurer
Secrétaire Général, Fédération des Investisseurs Individuels & des Clubs d'Investissement (F2iC - France)

Frank Fumio Kaneko, WFI Vice-President
Director, SeLeNet (Japan)

Attorney Wilfred Hübscher, WFI Vice-President
Past CEO, Berlin Stock Exchange, Germany

Dr. Henning Wegener
Past German Ambassador to Spain and past Sec. Gen. AEMEC–Spanish Association of Minority Shareholders of Listed Companies (Associación Española de Accionistas Minoritarios de Empresas Cotizadas)

Aleksey Smirnov
Vice–President USIR (Union of Shareholders and Investors of Russia)

Advocate Hachem Boulos, Advocacy Committee Chairman


Argentina — National Network, Dr. Gabriel Trajtenberg

Australia — Australian Shareholders' Association

Austria — Austrian Shareholders Association (IVA — Interessenverband für Anleger)

Austria — Austrian Association of Investment Clubs (Verband österreichischer Investmentclubs)

Azerbaijan — Dr. Fuad Shahvaliyev

Belgium — Deminor International S.C.R.L. - C.V.B.A.

Belgium — Advocatenkantoor Marc Callant

Brazil — TradeNetwork Participaçöes

Cameroon — Organization of Defense of Minority Shareholders of Cameroon (Organisation de Défense des Actionnaires Minoritaires du Cameroun)

Canada — ShareOwner Education, Inc.

Canada — Federation ACTIF

Côte d'Ivoire — EIC Corporation

Croatia — Croatian Association for Protection of Investors (Hrvatska udruga za zastitu investtora)

Denmark — Danish Shareholders Association (Dansk Aktionærforening)

Finland — Finnish Shareholders Federation (Osakesäätäjien Keskusliitto ry)

France — Federation of Individual Investors and Investment Clubs (Fédération des Investisseurs Individuels and des Clubs dInvestissement (F2iC France))

Georgia — International Association of Investors of Georgia

Germany — Attorney Wilfred Hübscher

Germany — Christian Hafke, Ph.D.

Greece — Association des Actionnaires a la bourse d'Athènes

Greece — Alphatrust, Dr. Phaedon Tamvakakis

Guatemala — Devenga

Hong Kong, (China) — Hong Kong Institute of Investors

Iceland — Iceland Shareholders Association

Iceland — Prof. Dr. Viljalmur Bjarnason

India — Society for Consumers and Investors Protection (Regd)

Italy — AssoInvestors – Italian Association of Investors

Italy — New Savers

Japan — SeLeNet (Self Enjoy Learning Networking)

Kenya — Kenya National Association of Share & Stockholders

Korea, (South) Republic of — Korea Financial Investment Association

Lebanon — Boulos Law Office at Beirut Bar Association

Lithuania — Investors Association (Lithuania)

Lithuania — Lithuanian Shareholders Association (Lietuvos Investuotojai)

Luxembourg — Raymond Goebbels

Macedonia, TFYR — Civil Association for Protection of Shareholders - Akcioner

Malta — Malta & Gozo Investors Association

Moldova, Republic of — Issuers Monitoring of the National Commission of Financial Market of Republic of Moldova

Netherlands — Value 8

Nigeria — Proactive Shareholders Association of Nigeria (PROSAN)

Norway — Investor Community in Norway (Aksjonærforeningen i Norge)

Philippines — Investors Association of the Philippines

Poland — Individual Investors Association (Stowarzyszenie Inwestorów indywidualnych)

Portugal — Association of Technical Analysts and Investors Capital Market (Associação dos Investidores e Analistas Técnicos do Mercado de Capitais — ATM)

Romania — Romanian Shareholders Association

Romania — Gratiela Denisa Iordache

Russia (Russian Fed.) — Union of Shareholders and Investors (USIR)

Serbia — Republic of Serbia Securities Commission

Serbia — Law Office Rajko Maric

Singapore — Securities Investors Association

Slovenia — PanSlovenian Shareholders’ Association (Vseslovensko združenje malih delničarjev — VZMD)

South Africa — Albert & Sons Trading

Spain — AEMEC – Spanish Association of Minority Shareholders of Listed Companies (Asociación Española de Accionistas Minoritarios de Empresas Cotizadas)

Sweden — Swedish Shareholders Association (Sveriges Aktiesparares Riksförbund — SARF)

Thailand — Thai Investors Association

Turkey — BORYAD (BORYAD Borsa Yatirimcilan Dernegi)

United Kingdom — ShareSoc

United States — National Association of Investors Corporation (NAIC)

United States — Lawyer Lawrence Sucharow

Zimbabwe — Zimbabwe Shareholders Association (ZiSA)