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Investor Protection Provisions of Dodd-Frank Act Deserve Bipartisan Support, Financial Planning Coalition Tells Congress

September 12, 2011
On September 13, 2011, in a prepared statement for the record before the House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, the Financial Planning Coalition told Congress that the important investor protection provisions of the Dodd-Frank Act deserve broad bipartisan support, including Sections 913, 914 and 919(c). The Coalition urged the Subcommittee members to support the SEC as it moves forward to establish a strong and uniform fiduciary standard of conduct for broker-dealers and investment advisers and urged Congress to provide the SEC with the resources necessary to fulfill its regulatory mandate, including enhancing examinations of investment advisers. The Coalition also expressed its desire to work with the Subcommittee members to address the issues identified in the GAO's study on financial planning.

Read the Coalition’s statement (PDF, 95KB)