Investment Professionals

House Members Urged to Vote Yes on Bill to Improve SEC Disclosure Effectiveness

CFA Urged House Members to Pass Pro-Investor Bill That will Help Investors to Make Informed Choices About their Financial Well-being

Washington, DC – CFA sent a letter to members of the House of Representatives ahead of an expected floor vote next week urging them to support H.R. 1815, the SEC Disclosure Effectiveness Testing Act. The bill seeks to improve the quality of disclosures retail investors rely on when choosing an investment professional or considering an investment product. It would do so by requiring the SEC to incorporate qualitative disclosure testing in the develop of new disclosures, make the results of that testing available to the public, and develop a plan for testing existing disclosures relied on by retail investors.