checking

Consumer protection superagency created

Investments stay with the SEC
Next
8 of 9
Back

You'd think a government agency with a name like the Consumer Financial Protection Bureau would also come to the aid of consumers burned by fraudulent investments, but some of that responsibility will continue to lie with the Securities and Exchange Commission and other government agencies.

"(The bureau) will regulate almost any kind of financial transaction where a retail investor is dealing with a financial institution, except clear securities transactions where the SEC will deal with it, or derivatives transactions that are dealt with by the (U.S. Commodity Futures Trading Commission)," says Elliott.


 

 

advertisement

Show Bankrate's community sharing policy
          Connect with us
advertisement
CD & INVESTING NEWSLETTER

Learn the latest trends that will help grow your portfolio, plus tips on investing strategies. Delivered weekly.

Ask Dr. Don

Quickest path toward $1 million?

Dear Dr. Don, This question involves how best to make for a better life for my family. How can I make a one-time investment of $5,000 grow into $1 million or more over 60 years? One of my broader goals is to encourage my... Read more

advertisement
Partner Center
advertisement

Connect with us