Market Integrity & Advocacy

CFA Institute works to shape public policy and promote industry practices that put investors' interests first.

Our Impact

Marketplace Morning Report, CNBC, Business Insider, PLANADVISER, ThinkAdvisor, Bloomberg BNA, InvestmentNews

Commenting on the final DOL Fiduciary Rule has kept our experts busy. Kurt Schacht, JD, CFA, spoke with NPR’s David Brancaccio on the 6 April Marketplace Morning Report and provided insight for CNBC’s “7 ways to master Obama’s new investing rule” and for InvestmentNews. Jim Allen, CFA, shared our views with PLANADVISER, and Linda Rittenhouse, JD, offered expertise to ThinkAdvisor and Bloomberg BNA.

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Final DOL Fiduciary Rule: What it Means for Retirement Savers & Investment Advisers

We’re providing commentary to our members and the media on the DOL fiduciary rule, an issue we’ve been following since it was proposed last April. We are pleased that our initial review of the final rule indicates the DOL has taken many of our concerns about the proposed rule to heart. We will continue to urge the SEC to formulate its own fiduciary standard for those providing advice to retail investors.

Watch our video (1 min.) | Read our blog post on the final rule | See our policy brief (PDF) and comment letter (PDF) on best-interests duty | See our ongoing coverage of fiduciary duty

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From Trust to Loyalty: What Investors Want

Our survey, “From Trust to Loyalty: A Global Study of What Investors Want,” is just out and getting quite a media ride. Outlets worldwide are covering the survey include the Bloomberg View (columnist Barry Ritholtz), The Wall Street Journal, The Reformed Broker, and Pensions & Investments.

Read our blog | See the survey findings |  Watch President and CEO Paul Smith’s overview of the survey | Use our prefilled Tweet to share #WhatInvestorsWant

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Capital Markets Union (CMU) Update

Maiju Hamunen is following the development of this regulatory framework for the EU financial sector. Whether its impact will be small or far-reaching depends on the ambitiousness of EU policymakers.

Read the latest CMU blog | Watch the videos (1 min. ea.) | See our ongoing CMU coverage | Follow @mhamunen

Policy Perspectives

Where we stand on the issues: research, interviews, and briefings

The Standards and Advocacy Team

Kurt Schacht, CFA “Our diverse membership of professional investors informs our perspectives on global capital markets issues, transcending narrow commercial interests to focus on market integrity.”
— Kurt Schacht, CFA  

Team member profiles  | Projects we're working on (PDF)

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