Public Policy

MAXXCAT_START

Regulatory Comments

SEC Proposal on Broker-Dealer Reports

Aug 26, 2011

On August 26, 2011, CFP Board submitted a comment letter to the SEC in support of its proposal to strengthen the rules that apply to broker-dealers with custody of client assets. In its letter, CFP Board characterized the Broker-Dealer Reports Proposal as a welcome effort to close regulatory gaps demonstrated by the Bernard Madoff Ponzi scheme scandal.CFP Board believes the Broker-Dealer Reports Proposal is a much-needed companion rule to the Investment Adviser Custody Rule that will enhance the Commission's ability to oversee the custody activities of broker-dealers.

Read CFP Board’s letter (PDF, 98KB)


 

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.

Learn more 

Upcoming Events