Public Policy

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Issue

Financial Planning Coalition Letter to Congress Calls for Regulatory Reform Legislation

Jun 23, 2010

On June 23, 2010, the Financial Planning Coalition submitted a letter to Congressional leaders negotiating regulatory reform legislation urging them to oppose provisions which would have failed to meet the stated goal of requiring that brokers who provide investment advice about securities have the same fiduciary obligations as investment advisers and which would preempt the SEC’s authority to regulate equity indexed annuities. The Coalition urged the conferees to make critical changes to the fiduciary standard provision to protect investors.

Read the Coalition’s letter (PDF, 44KB)


 

Financial Planning Coalition

CFP Board, the Financial Planning Association®, and the National Association of Personal Financial Advisors are working together as the Financial Planning Coalition to pursue consumer protection and industry reform.

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