What You Need to Know
- Micah Hauptman returns to CFA, where he was financial services counsel for nearly seven years, after a stint as counsel to SEC Commissioner Caroline Crenshaw.
- He succeeds Barbara Roper, now senior advisor to SEC Chairman Gary Gensler.
- CFA and other groups are pressing Labor to expeditiously update and strengthen its fiduciary rule.
Micah Hauptman, who previously served as counsel to Securities and Exchange Commissioner Caroline Crenshaw, is returning to the Consumer Federation of America as director of investor protection.
Hauptman was the consumer group’s financial services counsel for nearly seven years working on investor protection advocacy before being appointed as counsel in Crenshaw’s office in September 2020.
Hauptman succeeds Barbara Roper, who led the group’s investor protection efforts for 35 years and is now senior counsel to SEC Chairman Gary Gensler.
“I’m excited to return to CFA, whose mission and work I have deep pride in, and passion for,” Hauptman said in a statement. “I look forward to collaborating with my dedicated CFA colleagues and continuing Barb Roper’s establishment of CFA as the nation’s leader on investor protection.”
Hauptman told ThinkAdvisor Thursday in an email that “CFA’s investor protection priorities will continue to focus on advocating for retail investors. This includes urging the DOL to update and strengthen its fiduciary rule and urging the SEC to implement Regulation Best Interest in a way that delivers the meaningful protections that investors need and deserve.”