Barbara Roper – A True Investor Advocate
Few have done more in the lifelong fight on behalf of consumers and investors than Barbara Roper, the Director of Investor Protection at the Consumer Federation of America (CFA).
In her 31-year tenure at CFA, Roper has conducted studies on abuse in the financial planning industry, government financial regulation, and securities law weaknesses in the wake of the financial crisis, to name only a few of her accomplishments. She has come to the defense of investors countless times. Perhaps most visibly in recent years has been her defense of the need for investor protection in the Department of Labor’s Conflict of Interest Rule.
Roper’s tireless work on behalf of the American consumer and investor is being recognized this year by the Institute for the Fiduciary Standard. Roper has been named the recipient of the 2017 Frankel Fiduciary Prize.
The Prize was established by The Institute for the Fiduciary Standard in 2013 to acknowledge individuals who have made significant contributions to the preservation and advancement of fiduciary principles in public life.
Below are a few excerpts from influential figures in the financial industry about Barbara Roper:
Mercer Bullard, Professor of Law: “As the Department of Labor’s fiduciary rule…after an almost 10-year struggle, becomes effective today, the Selection Committee thanks [Roper] for her continuing commitment to protecting the retirement security of tens of millions of American workers.”
Andrea Seidt, Ohio Securities Commissioner: “Without her dogged pursuit and unflinching advocacy, the DOL rule might not have made it to the final round. When policymakers look back…there is no question who is looking out for retirees’ best interest…”
Kevin R. Keller, CEO, Certified Financial Planner FP Board of Standards, Inc.: “Barbara Roper has spent her career speaking with a clear and effective voice on behalf of investors. Her consistent and unwavering advocacy for a fiduciary standard for all professionals who give investment advice has earned her the respect of peers, regulators, and even many in the financial services community.”
Barbara Roper continues to serve on behalf of American investors everywhere and The Institute for the Fiduciary Standard thanks her for her service.