Investor Protection

CFA Urges House Financial Services Committee to Oppose H.R. 2374 and Other Anti-Investor Bills

The Financial Services Committee is scheduled to mark-up yet another set of bills this week that would weaken investor protection and undermine the transparency and integrity of our capital markets. The Consumer Federation of America opposes these bills. While CFA opposes each of the bills scheduled for mark-up for reasons described briefly below, our primary focus is the cynically titled “Retail Investor Protection Act,” which would undermine the ability of federal agencies to ensure that Americans receive appropriate protections in their dealings with financial professionals who purport to offer investment advice.