Barbara Roper
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Barbara Roper is director of investor protection for the Consumer Federation of America, where she has been employed since 1986. CFA is an alliance of approximately 300 pro-consumer organizations, which in turn represent more than 50 million individual consumers.

A leading consumer spokesperson on investor protection issues, Roper has conducted studies of abuses in the financial planning industry, state oversight of investment advisers, state and federal financial planning regulation, financial planning software, financial education needs of low income older persons, the need for audit reform in the wake of the Enron scandal, the need for mutual fund reform in the wake of trading and sales abuse scandals, the information preferences of mutual fund shareholders, systemic risk regulation, and securities law weaknesses as a cause of the financial crisis. She has testified before Congress and has supported federal and state legislative and regulatory initiatives on a broad range of investor protection issues.

In addition to her work on financial issues, Roper edits CFAnews Update, a newsletter that reports on legislative and regulatory issues of concern to consumers, and American Saver, the newsletter of CFA's campaign to encourage moderate income Americans to increase their savings. Previously, she also coordinated the Coalition for Consumer Health and Safety, an alliance of consumer, insurance, and health organizations working to reduce product-related deaths, injuries, and illnesses.

Before joining the staff of CFA, Roper was a member of the steering committee of the Denver Food Bank Coalition, an ecumenical coalition of low income assistance centers. She began her career as a newspaper reporter in Colorado Springs, where she later worked in the public information office of The Colorado College. She graduated in 1977 from Princeton University with a degree in art history.

Roper is a member of the Securities and Exchange Commission’s Investor Advisory Committee and the Public Company Accounting Oversight Board’s Standing Advisory Group and Investor Advisory Group. She has previously served on the Investors Working Group, the board of Fund Democracy, the SEC’s Consumer Affairs Advisory Committee, the national advisory board of the American Association of Retired Person's Money After Fifty program, and the board of directors of Motor Voters, a grassroots auto safety group. She is the 1991 recipient of the National Association of Personal Financial Advisors' Distinguished Service Award, the 1992 recipient of a Distinguished Service Award from the North American Securities Administrators Association, and a 2004 recipient of Consumer Action=s Consumer Excellence Award.

Blog Entries by Barbara Roper

Will JPMorgan's Loss Provide a Win for Wall Street Reform?

(7) Comments | Posted May 14, 2012 | 10:30 PM

For public interest advocates fighting the David vs. Goliath battle to win meaningful reform of the financial system, there was a certain satisfaction in watching Jamie Dimon eat humble pie last week as he announced that JPMorgan has lost a little over $2 billion trading credit derivatives. After all, no...

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Extraordinary Popular Delusions and the Madness of Crowd (Funding)

(17) Comments | Posted March 6, 2012 | 5:01 PM

Imagine what Charles Mackay, the author of 1841's Extraordinary Popular Delusions and the Madness of Crowds, would think of Congress's latest "jobs bill" and, in particular, its proposal to "crowd fund" enterprises through the Internet. If we picture the mania associated with the South Sea Company, Mississippi Company and Dutch...

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SIFMA Hypocritically Protests CFTC User Fee Plan

(0) Comments | Posted February 22, 2012 | 12:18 PM

When President Obama announced his proposal last week to provide a desperately needed funding boost for the Commodity Futures Trading Commission (CFTC) and to pay for $117 million of that funding through user fees, the securities industry issued a predictable and predictably hypocritical statement of opposition. "We do...

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CFTC's Message to Municipalities: Caveat Emptor

(3) Comments | Posted January 26, 2012 | 9:10 AM

In a little noticed vote, the Commodity Futures Trading Commission (CFTC) reversed course last week on a rule that had the potential to save cities and school districts across the country billions in excess costs on the swaps they purchase to hedge their interest rate and other risks....

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Non-Partisan FCIC Report Draws Partisan Dissent

(0) Comments | Posted February 1, 2011 | 9:00 AM

When the Financial Crisis Inquiry Commission was established in May of 2009, the hope was that a bipartisan group of financial experts could arrive at an explanation of the causes of the financial crisis that would rise above the partisan bickering prevalent at the time. Last week, the FCIC

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Congress Must Fund Regulatory Reform

(7) Comments | Posted December 8, 2010 | 10:43 AM

There is widespread agreement that regulators who failed to use their existing authority to rein in abusive and risky practices are partially to blame for the recent near collapse of the global financial system. In many cases an unwillingness to regulate was the primary cause. Think Alan Greenspan and...

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Post-Election Attacks on Financial Regulation Ignore the Lessons of the Recent Past

(1) Comments | Posted November 23, 2010 | 11:01 AM

If doing the same thing repeatedly and expecting a different result is the definition of insanity, then post-election pronouncements from Republican leaders regarding financial regulatory reform are nothing short of insane.

In the wake of this month's elections, newly empowered Republicans in Congress have raced to declare their intent...

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A Salesman in Advisor's Clothing

(0) Comments | Posted September 16, 2010 | 1:23 PM

Do you know whether the person you rely on for advice about investments is a broker or an investment adviser? Do you know if he or she is legally required to act in your best interest when recommending securities? If you are like the vast majority of Americans, you have...

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Fiduciary Duty: What Investors Need to Know

(0) Comments | Posted August 30, 2010 | 3:05 PM

At the end of the day Monday, the comment period officially closes on the Securities and Exchange Commission's (SEC) study of the standard that should apply to brokers when they give investment advice and recommend securities. Yet as of last Monday, with only one week remaining on...

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