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Joint Letter Expresses Support for Investor Protection Provision in Regulator Reform Bill

January 06, 2010

On January 7, 2010, CFP Board and six other pro-consumer and public interest groups delivered a letter to members of the Senate Committee on Banking, Housing, and Urban Affairs expressing strong support for an investor protection provision in the Senate’s draft regulatory reform bill that would require all those who offer investment advice to be held to the highest standard of care to their clients – the Investment Advisers Act fiduciary duty. The joint letter was accompanied by a “myths-facts” sheet that rebuts arguments and misinformation about the Senate regulatory reform bill’s fiduciary requirement for investment advice. 

Read the letter (PDF, 103KB)

View the myths-fact sheet (PDF, 115KB)