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

Cash in childhood savings bonds?

Dear Dr. Don, I have three $50 Series EE savings bonds issued to me (at my childhood address) back in June 1986. They were academic awards in grade school. I have no idea what to do with them. How do I redeem them? I tried... Read more

advertisement
Partner Center
advertisement

Connect with us