Investment Professionals

Consumer Information

Press Releases

Studies

Testimony and Comments


Consumer Information

  • Myths and Facts of Fiduciary Duty Standards, 1/7/10. (PDF)
  • The Need for a Fiduciary Duty Standard for All Financial Advisers, 07/30/09. (PDF)
  • Cutting through the Confusion: Where to Turn for Help with Your Investments, 05/09/06. (PDF)

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Press Releases

  • Groups Say Investors at Risk from Inadequate SEC Funding, 01/14/2014. (PDF)
  • Financial Reform is on Track, But Dark Clouds are Forming, Says New CFA Report, 07/20/11. (PDF)
  • CFA Urges Congress to Allow SEC to Proceed with Fiduciary Rule for Brokers, 05/10/11. (PDF)
  • SEC Study Proposes Sound Approach for Requiring Brokers to Act in Customers’ Best Interests, 1/24/10. (PDF)
  • SEC Study Offers Fair Assessment of Policy Options to Address Pressing Investment Adviser Oversight Resource Challenges, 01/20/11. (PDF)
  • Survey: Vast Majority of U.S. Investors Support Clear "Fiduciary Standard" for Financial Professionals, Widespread Confusion Seen Linked to Current SEC Rules, 09/15/10. (LINK)
  • Investors Urged to Speak Out in Favor of Strengthened Investor Protections, 08/16/10. (PDF)
  • Consumer Federation of America Applauds President Obama's Signing of the Dodd-Frank Financial Reform Bill Into Law, 07/21/10. (PDF)
  • Consumer Federation of America Applauds Senate Vote on the Dodd-Frank Financial Reform Bill, 07/15/10. (PDF)
  • Consumer Federation of America Applauds House Passage of the Dodd-Frank Financial Reform Bill, 6/30/10. (PDF)
  • Consumer Federation Hails Financial Regulatory Reform Bill Passed by the Conference Committee as a Major Achievement, 06/25/10. (PDF)
  • Statement of CFA Director of Investor Protection, Barbara Roper, in Support of House Fiduciary Duty Provision, 6/15/10. (PDF)
  • Without Fiduciary Protections, It's "Buyer Beware" for Investors, 06/15/10. (PDF)
  • Consumer's Guide to the Financial Regulatory Reform Conference Committee Shows How Americans Will Benefit from Key Provisions, 06/14/10. (PDF)
  • Consumer Federation Hails Senate Passage of Historic Financial Reform Legislation, 05/20/10. (PDF)
  • Anti-investor Collins Amendment Gives Fiduciary Pass Where it is Needed Most, 05/13/10. (PDF)
  • Consumers' Guide to Senate Banking Markup, 03/22/10. (PDF)
  • CFA Applauds Senator Dodd For Moving Forward on Financial Reforms, Calls for Improvements to Protect Consumers and Investors, 03/15/10. (PDF)
  • CFA Hails House Passage of H.R. 4173, "The Wall Street Reform and Consumer Protection Act," 12/11/09. (PDF)
  • CFA Responds to the Passage of the Investor Protection Act out of the House Financial Services Committee, 11/4/09. (PDF)
  • Statement of CFA Director of Investor Protection Barbara Roper On the President's Plan for Financial Regulatory Reform, 06/17/09. (PDF)
  • Consumers, Regulators, and Industry Groups Join to Produce Investor Education Brochure, 05/09/06. (PDF)
  • CFA Issues Statement Praising SEC Decision to Clarify Limits on Brokers' Advisory Services, 12/22/04. (PDF)
  • SEC Urged To Scrap Anti-Investor Rule That Leaves Broker Customers with Inadequate Protections, 10/07/04. (PDF)
  • Consumer Groups Support Lawsuit Challenging SEC Rule, 07/20/04. (PDF)
  • Leading National Consumer Groups Charge Audit Firm with Undermining Key Auditor Independence Reform, Urge SEC To Investigate, Call a Halt to Abusive Practices, 06/09/03. (PDF)

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Studies

  • Can the Internet Transform Disclosures for the Better? 01/13/2014. (PDF)
  • One Year After: A Progress Report on the Dodd-Frank Wall Street Reform and Consumer Protection Act, 07/20/11. (PDF)

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Testimony and Comments

  • Groups Sign On Letter to SEC on Section 913 Fiduciary Rulemaking, 04/15/2014. (PDF)
  • CFA and Fund Democracy Letter to Public Company Accounting Oversight Board on Audit Disclosure, 03/17/2014. (PDF)
  • CFA Urges SEC to Rethink Its Approach to Fiduciary Rulemaking, 07/05/2013. (PDF)
  • Consumer Groups Sign-on Letter Opposing  H.R. 2827, 09/19/12. (PDF)
  • CFA Comment Letter on Increasing Investor Use of BrokerCheck, 04/26/12. (PDF)
  • CFA and AFR letter to CFTC on Business Conduct, 11/03/11. (PDF)
  • CFA and AFR Urge Complete Rewrite of SEC Swaps Dealer Business Conduct Rules, 08/30/11. (PDF)
  • CFA Refutes Arguments of Fiduciary Duty Opponents in Letter to House Financial Services Committee, 05/09/11. (PDF)
  • CFA Comments to SEC on Temporary Rule Regarding Principal Trades with Certain Advisory Clients, 12/20/10. (PDF)
  • CFA and Fund Democracy Comments to SEC on Proposed Rule for 12b-1 Fees, 11/5/10. (PDF)
  • CFA Comments to SEC Challenge Misleading Fiduciary Duty Impact Assessment, 11/2/10. (PDF)
  • CFA Comments to SEC Regarding Obligations of Brokers, Dealers, and Investment Advisers, 08/30/10. (PDF)
  • CFA Urges Congress to Pass the Dodd-Frank Conference Report Immediately, House Version, 06/28/10. (PDF)
  • CFA Urges Congress to Pass the Dodd-Frank Conference Report Immediately, Senate Version, 06/28/10. (PDF)
  • CFA Urges Conferees to Protect Investors and Restore Provisions Weakened in the Senate Counter-Offer, 06/21/10. (PDF)
  • CFA Outlines Investor Protection Title Priorities for Congressional Conference Committee, 06/14/10. (PDF)
  • CFA and Americans for Financial Reform's letter to Senator Lincoln on swaps dealers, 06/08/10. (PDF)
  • Letter to the Senate on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Letter to the House on Consumer Priorities in Financial Regulatory Reform Conference, 06/08/10. (PDF)
  • Consumer, State Securities, Investment Adviser and Financial Planning Organizations Oppose Collins Amendment, 5/18/10. (PDF)
  • Senate Bill Preserves Fiduciary Duty Double Standard, 5/14/10. (PDF)
  • CFA Guide to Amendments to Restoring American Financial Stability Act (S.3217), 5/12/10. (PDF)
  • CFA Urges Senate to Vote Yes on Amendment 3889 to Restoring American Financial Stability Act, 5/12/10. (PDF)
  • Simple Facts on Fiduciary Duty Support Akaka-Menendez-Durbin Amendment, 5/12/10. (PDF)
  • Protect Investors from Wall Street Abuses: Make Brokers and Swap Dealers Act in Their Customers' Best Interests, 5/12/10. (PDF)
  • Akaka-Menendez Amendment Protects Investors and Commission-based Business Model, 5/10/10. (PDF)
  • Don't Buy Into Industry Delaying Tactics: Support the Akaka-Menendez Amendment to Provide Fiduciary Protections to Investors Now, 5/4/10. (PDF)
  • Testimony of Barbara Roper on Wall Street and the Fiduciary Duties for the Senate Judiciary Subcommittee on Crime and Drugs, 5/4/10. (PDF)
  • Myth/Fact Sheet on Broker Dealer Fiduciary Duty Akaka Amendment, 4/27/10. (PDF)
  • CFA, AARP, NASAA, and NASS Urge Senate to Support a Fiduciary Duty Standard to Protect Investors, 4/23/10. (PDF)
  • CFA and AFR Urge Senators to Reject New Language to the Restoring America's Financial Stability Act that Would Require the SEC to Study Overlaps Between Brokers and Investment Advisors, 2/16/10. (PDF)
  • Groups Express Strong Support for Senior Citizen Investor Protections in Restoring American Financial Stability Act, 2/3/10. (PDF)
  • Groups Urge Senate Banking Committee to Support Strong Fiduciary Duty Standards, 1/7/10. (PDF)
  • Group Urges House Members to Protect Investors from Accounting Fraud, Vote Yes on Kanjorski-Frank-Sarbanes-Cohen Amendment, 12/9/09. (PDF)
  • CFA and AFR Urge House Members to Support the Cohen-Frank FINRA Amendment to H.R. 4173, 12/8/09. (PDF)
  • Diverse Groups Support the Creation of an Office of Investor Advocate, 11/17/09. (PDF)
  • CFA Opposes Sox 404 Amendment, 11/3/09. (PDF)
  • Investor Protection Attacked in Amendments to H.R. 3817, 11/03/09. (PDF)
  • Groups Urge Adoption of Fiduciary Duty for Brokers without Weakening Amendments, 10/26/09. (PDF)
  • Groups Urge Revision and Passage of Administration Legislation to Impose a Fiduciary Duty on All Investment Advice, 07/14/09. (PDF)
  • Testimony of Barbara Roper before the Senate Banking Committee regarding Enhancing Investor Protection and the Regulation of Securities Markets, 03/26/09. (PDF)
  • CFA Joins with State Regulators and Industry Group to Urge Universal Fiduciary Duty for Investment Advice, 03/24/09. (PDF)
  • CFA Questions FINRA Account of Failed Madoff Oversight, 01/27/09. (PDF)
  • CFA and Fund Democracy Comments on SEC's Proposed Exemption from Principal Trading Restrictions, 11/30/07. (PDF)
  • CFA and Fund Democracy Letter to SEC on Reproposal of Rule Relating to Broker Exclusion, 11/02/07. (PDF)
  • CFA and Fund Democracy Comments on Proposal To Conduct Study of Brokerage and Investment Adviser Industries, 07/19/07. (PDF)
  • Regulator, Consumer, and Adviser Groups Ask SEC to Clarify Brokers' Legal Duties in Wake of Court Decision Vacating the Broker-Dealer Exemption, 04/24/07. (PDF)
  • Comments on FPA Challenge to SEC Rule Exempting Brokers from Regulation Under the Advisers Act, 06/28/06. (PDF)
  • Amicus Brief In Opposition to SEC Rule Exempting Brokers from Regulation Under the Advisers Act, 04/10/06. (PDF)
  • CFA and Fund Democracy Urge SEC to Improve Regulation of Investment Professionals, 02/15/06. (PDF)
  • CFA and Fund Democracy Letter to Chairman Cox Regarding Staff Interpretation of Broker Exemption, 12/16/05. (PDF)
  • CFA and Fund Democracy Call on Chairman Cox to Better Regulate Investment Professionals, 09/30/05. (PDF)
  • CFA and Consumer Groups Urge SEC to Reject SIA's and ACLI's Request to Extend Compliance Date for Broker Exemption, 08/11/05. (PDF)
  • CFA and Fund Democracy Response to Chairmen Oxley and Baker Regarding Proposal to Exempt Certain Fee-Based Brokers from Adviser Regulation, 04/04/05. (PDF)
  • CFA and Consumer Groups on SEC Proposal to Exempt Certain Fee-Based Brokers from Adviser Regulation, 02/07/05. (PDF)
  • Consumer Groups Comment on Fee-based Account Rule Reproposal, 02/07/05. (PDF)
  • CFA Challenges SEC Interpretation of Brokers' Advisers Act Exemption, 02/07/05. (PDF)
  • CFA Letter to SEC on Survey of Investment Advisory Activities, 11/04/04. (PDF)
  • Letter to SEC Chairman Donaldson Refuting SIA Arguments in Favor of the Broker-dealer Rule Proposal, 10/05/04. (PDF)
  • CFA Files Comments Opposing SEC Rule to Expand the Broker-dealer Exclusion from the Advisers Act, 09/20/04. (PDF)
  • Comment Letter on Reopened Rule Proposal to Expand the Broker-dealer Exclusion from the Advisers Act, 09/17/04. (PDF)
  • CFA and Consumer Groups Comments on Financial Planning Association Lawsuit Challenging SEC's Proposed Rule Expanding the Broker Exclusion from the Investment Advisers Act, 07/20/04. (PDF)
  • Group Letter to SEC on Broker-Dealer Exemption, 05/06/03. (PDF)
  • CFA Comments to CFTC on CTA performance disclosure, 04/09/03. (PDF)
  • CFA Writes to SEC on Broker-Dealer Exemption, 12/13/01. (PDF)
  • Comments to SEC on Certain Broker-Dealers Deemed Not to be Investment Advisers, 05/31/00. (PDF)
  • CFA Letter to SEC Chairman Levitt on Broker-Dealer Exclusion from Investment Adviser Act, 02/28/00. (PDF)
  • CFA Comments on Proposed SEC Rule to Exempt Broker-Dealers from Investment Advisers Act, 01/13/00. (PDF)
  • CFA Letter to SEC Chairman Levitt on the State of the Securities Market, 10/26/99. (PDF)

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