The report outlines policy recommendations for consideration by Congress’ and the SEC. The recommendations also refer to other policymakers, particularly at the state level, because they have primary authority over many senior designees and, therefore, are well positioned to improve the marketplace for consumers in this area.
The recommendations in this report seek to reduce consumer confusion and protect consumers by improving the:
- dissemination of information and consumer education around senior designations;
- standards for the acquisition of senior designations;
- standards for senior designee conduct; and
- enforcement related to the misuse of senior designations.
Read the report.