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Article: COMMITTEE PASSES REP. HODES' ANTI-FRAUD AMENDMENT TO PROTECT NEW HAMPSHIRE SENIORS
- Article from:
- US Fed News Service, Including US State News
- Article date:
- November 5, 2009
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WASHINGTON, Nov. 4 -- Rep. Paul W. Hodes, D-N.H. (2nd CD), issued the following news release:
Today, the House Financial Services Committee passed legislation that contains Congressman Hodes' amendment to protect New Hampshire seniors from misleading financial advisors who falsely claim to have expertise in financial services for seniors. The Investor Protection Act passed the Committee by a vote of 41-28. The bill will now go to the House floor for a vote.
"New Hampshire's seniors should not fall victim to predatory advisors who are seeking to squander their retirement savings and earn a quick dollar," said Congressman Hodes. "Our seniors have worked hard throughout their lives and saved ...