It is your job to worry when the public seems to think there is nothing to worry about.
Elizabeth Warren
The Public Record
Elizabeth Ann Warren is an American attorney, academic, and politician serving as the senior United States senator from Massachusetts since 2013. A member of the Democratic Party, she has been a prominent advocate for consumer protection, economic equality, and corporate regulation. Warren gained national recognition for her work in establishing the Consumer Financial Protection Bureau and has focused on issues such as student debt relief and healthcare reform during her tenure in the Senate.
The priorities of these corporations are clear--buying back shares can boost a company's stock price, which can mean even bigger bonuses for corporate executives.
So one option would simply be to make brokers subject to the same fiduciary standard that investment advisers are subject to, but you did not do that.
When your own study shows that disclosures do not work to help regular investors make informed decisions, will you move away from a disclosure-based approach in your final rule and just adopt a uniform fiduciary standard for both advisers…
A decade ago, the regulators in the Bush administration failed the country, and the price was enormous.
For the proposal to help customers make good decisions, they need first to understand the difference between a broker and an investment adviser.
As you know, right now investment advisers are subject to what is called a fiduciary standard.
I ask unanimous consent to speak for 5 minutes. The PRESIDING OFFICER. Is there objection? Without objection, it is so ordered.
I ask unanimous consent to speak for up to 10 minutes. The PRESIDING OFFICER. Is there objection?
10 years ago, greedy financial institutes crashed our economy and crushed working families all across this country. Millions of Americans lost their jobs, millions lost their homes, and millions lost their life savings. That crisis was no…





