Bayne Horton of Port Bickerton, Guysborough Co., has placed second in a national competition for his video promoting the benefits of budgeting, saving, and investing. Mr. Horton was the provincial winner of the Test Your Financial IQ contest organized last spring by the Canadian Securities Administrators. The winners from each province and territory received digital camcorders and an invitation to submit a video for a chance to win a $2,000 scholarship. Mr. Horton, who graduated from St. Mary’s Academy in June, won a personal DVD player for his second-place finish. Mr. Horton’s video featured two young men discussing whether to spend all of your pay cheque or save some for financial commitments, some for investing, and some to spend. “We are very pleased that one of Nova Scotia’s students has been recognized nationally for this contest,” said Chris Pottie, compliance examiner, Nova Scotia Securities Commission. “We encourage all students aged 15 to 20 to keep their eyes open for the 2006 version of the Test Your Financial IQ contest. Details will be available from schools or the Nova Scotia Securities Commission website.” The securities commission website address is www.gov.ns.ca/nssc . The Canadian Securities Administrators, the council of the securities regulators of Canada’s provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. Its mandate is to protect investors from unfair or fraudulent practices through regulation of the securities industry. Part of this protection is educating investors about the risk, responsibilities, and rewards of investing.