Colorado joins worldwide effort to protect investor interests and commit to investor rights
DENVER, May 15, 2014 /PRNewswire/ — CFA Society Colorado announced today that it will join other CFA Societies from around the world to recognize the month of May as Putting Investors First Month, a global initiative to build awareness of the fiduciary duty to protect investor interests and unite financial professionals to reinforce their commitment to investor rights.
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As part of the month-long initiative, CFA Society Colorado received a proclamation from Colorado State Governor John Hickenlooper to mark Friday, May 16 as CFA Society Colorado's official participation in this global initiative.
"On Friday, May 16 our members join thousands of financial professionals around the world, to raise our unified voice that we all have an obligation to investors to act as advocates for putting investors first," said Brian Goodstadt, Board President to CFA Society Colorado. "It is our fervent hope that Governor Hickenlooper's May 16 proclamation of "Putting Investors First Day Colorado" will help raise awareness throughout the State of Colorado to the paramount responsibility of all financial professionals to protect the interests of investors above all else."
"Putting Investors First Month is a way for CFA Institute to ensure investors' rights – including disclosure of information, fair and honest advice, and accurate assessment of risk and reward –are at the core of the industry," concluded Goodstadt. "It is a reminder that the actions of financial professionals not only reflect their own character but also impact the reputation of their firm and profession more broadly."
Putting Investors First Month, led by CFA Institute, the global association of investment professionals based in Charlottesville, VA, features a series of events and outreach throughout the month of May, hosted by hundreds of CFA Institute members and many of the organization's 143 member societies worldwide.
The global financial crisis in part created a crisis of public trust, and despite signs of recovery in financial markets around the world, many investors still do not believe that their interests are the primary concern of those responsible for managing and growing their savings and investments. The CFA Institute 2014 Global Market Sentiment Survey indicated that the most needed action to help investor trust and confidence was an improved culture established and encouraged by top management and executives.
For more information about the Future of Finance initiative, Putting Investors First Month, and the Statement of Investor Rights, a declaration of the conduct investors are entitled to expect from financial service providers, visit www.CFAInstitute.org/FutureFinance.
ABOUT CFA SOCIETY COLORADO
With over 1,000 members, CFA Society Colorado (CFACO) is the largest organization of investment professionals in the state. CFACO promotes the highest ethical standards and professional excellence within the local investment community, and has served CFA charterholders and CFA Program candidates locally since 1954. Visit: www.cfasociety.org/colorado
MEDIA RESOURCES
Mr. Brian Goodstadt, Board President
CFA Society Colorado
303.296.1458 | Email