Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, October 6, 2009

NASAA President Testifies on Investor Protection

In testimony before the U.S. House Financial Services Committee, NASAA President and Texas Securities Commissioner Denise Voigt Crawford outlined the key elements of meaningful financial services regulatory reform.  Crawford’s testimony focused on three proposals in the Investor Protection Act that she identified as important to individual investors: the establishment of a fiduciary duty for broker-dealers who provide investment advice, restricting mandatory pre-dispute arbitration and removing some of the hurdles facing private plaintiffs who seek damages for securities fraud.

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