Date: November 4, 2009
Subject: ACT NOW: YOUR Commission Based Sales Significantly Threatened!!!
Attention: All Registered Representatives of Broker-Dealers

Contact Your Member of Congress Today!

You need to contact your Member of Congress today to oppose two sections of the Investor Protection Act of 2009 (H.R. 3817) that could:

(1) Allow the Securities and Exchange Commission to ban registered representatives of broker-dealers from receiving a commission for the sale of variable insurance products or other securities products; and

(2) Expose registered representatives and investment advisers to increased liability for being compensated for providing personalized investment advice

Acting now is critical because the House Financial Services Committee approved the H.R.3817 today and it is scheduled for House floor action as early as December!!!  

Click here for talking points

Ways to Contact Congress:

Best Impact:

• Select one person to organize a group from your NAIFA local to hold an in-person district meeting with your Member of Congress during the next Congressional recess (dates November 11-13).
• If the Representative is unavailable, request a teleconference with the member of Congress or his/her financial services staff before November 13. Include as many NAIFA members as possible in the teleconference.

For instructions on how to request a meeting click here

Send a Constituent Letter

• Every NAIFA member should take a minute to send the following pre-written letter to your Member of Congress.  Simply enter your contact information and press send. If you have additional time, please edit the letter to put a personalized touch on the message. Let's flood Capitol Hill with letters!! Click here to send a letter.         
• Impact of the H.R. 3817 legislation on NAIFA Members: H.R. 3817 will have huge ramifications for NAIFA members and the way you interact with your clients.  This legislation covers disclosures to investors, commission compensation, and harmonized examinations for investment advisers, broker dealers and registered representatives.

For more information, including information on NAIFA's progress on H.R.3817 so far, click here for our Issue Brief*. or view the October 28 GovWatch here.

*Please note that the Issue Brief can be printed and shared with your Member of Congress.

Click here to access our webinars and PowerPoint presentations on the Investor Protection Act of 2009