Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 1 Share on Twitter Printer Friendly Page More Sharing
Best Web OpEds    H3'ed 4/1/16

Sen. Elizabeth Warren Requests Federal Probe Of Financial Firms Over Varying Statements About Proposed Regulation

Follow Me on Twitter     Message Sheila Samples
Become a Fan
  (49 fans)
Elizabeth Warren
Elizabeth Warren
(Image by mdfriendofhillary)
  Details   DMCA

U.S. Sen. Elizabeth Warren on Thursday requested a formal Securities and Exchange Commission investigation into four financial firms, asking the agency to evaluate whether they violated securities laws in an effort to thwart a federal initiative aimed at protecting investors. At issue is the Obama administration’s proposed rule that would require financial firms to put customers' interests ahead of their own when advising them on investment decisions. The White House says the rule is necessary because, it argues, conflicts of interests in investment advice cost consumers $17 billion a year in lost earnings. In recent months, groups tied to the financial industry have mounted a campaign to stop the proposed rule, and legislation has been introduced in Congress to kill it.
Read the rest of the story HERE:

At www.ibtimes.com

 

Valuable 1  
Rate It | View Ratings

Sheila Samples Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: