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Consumer Federation of America Starts Search for Roper's Replacement

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What You Need to Know

  • SEC Chairman Gensler said on Aug. 25 that he had appointed Roper as his senior advisor.
  • The consumer group where she was director of investor protection is now searching for a permanent replacement.
  • NASAA's Michael Canning will join CFA as investor protection consultant.

The Consumer Federation of America announced Monday that it has instituted a search to find a permanent replacement for Barbara Roper, CFA’s former director of investor protection who is now senior advisor to Securities and Exchange Commission Chairman Gary Gensler.

Mike Canning, director of policy at the North American Securities Administrators Association, will be joining in a consulting capacity as investor protection consultant, the consumer group said.

Canning recently announced that he will be leaving NASAA at the end of September to form The LXR Group, a public policy consulting firm.

Dylan Bruce, CFA’s Financial Services Counsel, will continue Roper’s work in protecting American investors, the consumer group said.

Gensler said Wednesday that he had appointed Roper as his senior advisor.

“Barb Roper has likely been one of the most influential and effective protectors of the American investor in recent history,” Jack Gillis, CFA’s executive director, said in a statement. “CFA is so proud of her efforts as well as her selection to carry on her work at the SEC in support of SEC Chairman Gensler.”

Roper’s “efforts to institutionalize a fiduciary responsibility in the financial marketplace is legendary and has served as the benchmark for those interested in a healthy, responsible and fair financial marketplace,” Gillis said.