Today the SEC and the federal securities lawsactually stand in the way of investors seeking accurate and complete information about the money managers they hire.
In addition to breaches of fiduciary duty by consultants, we believe that certain consultant misrepresentations may actually involve violations of the federal securities laws.
We need better laws for the state prosecutors in this state so they have laws that match the federallaws, and we have more prosecutors who are empowered to actually bring the case.