Market Integrity & Advocacy

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

Our Impact

Pensions & Investments, Bankrate
Regarding the ongoing DOL fiduciary rule issue, Kurt N. Schacht, JD, CFA, contributed the opinion piece “Fiduciary duty fiasco is national disgrace, and investors pay price” to Pensions & Investments and Bob Dannhauser, CFA, provided comments for the Bankrate post “DOL to continue fiduciary fight in 2016.” More on this issue below.

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Department of Labor's fiduciary rule proposal is safe…for now

Jim Allen, CFA, head of capital markets policy for the Americas, is closely following the evolution of the fiduciary rule proposal and suggests the DOL's upcoming revisions may settle the issue.

Read his post  | Watch a recap of Linda Rittenhouse's DOL testimony (video, 1 min.) | Read our fiduciary duty blog posts | Read our latest comment letter on the issue (PDF)

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Elder fraud: Protecting older Investors

We are following the issue of elder fraud from a regulatory and professional standards perspective. Linda Rittenhouse, JD, and Jon Stokes, JD, each offer their analysis.

Read Linda’s blog post | Read Jon’s blog post | See our Code of Ethics and Standards of Professional Conduct

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Are investors getting rolled? Does HFT worsen adverse selection?

Investors from the buy and sell side, and pro- and anti-HFT camps took part in a recent Twitter chat covering our new study on liquidity in equity markets. Report author Svi Rosov, PhD, CFA, hosted the chat with Dennis Dick, CFA, of Bright Trading.

See a recap of the #CFAHFT Twitter chat | Read Svi Rosov's blog post  |  Watch his explanation (video, 1 min.)  | Read Svi's report: Liquidity in Capital Markets (PDF)

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)

We invite your input. Email us at advocacy@cfainstitute.org.