Current Events
Restore The Trust
Thanks in part to 55,000 letters from RestoreTheTrust.com investors, Congress passed and President Bush signed a tough new law last year, "The Sarbanes-Oxley Act," to clean up the accounting scandals on Wall Street that were costing investors billions.
Now RestoreTheTrust.com is launching a new campaign on behalf of investors to help clean up the recent scandals in the mutual fund industry that are skimming billions in profits from 95 million individual investors, half of all U.S. households. Disillusioned investors simply no longer believe what Wall Street says about their investment options. This lack of trust has grave implications for our economy. When people distrust the market, they no longer invest. Without individual investors' money the market will fail to drive economic growth and job creation. To restore trust and regain investor confidence, RestoreTheTrust.com urges you to unite in a common cause with other concerned investors to secure action by the SEC, the White House and Congress to clean up abusive practices and weed out the abusive practitioners in the mutual fund industry hurting individual investors. Passage into law last year of major accounting reforms marked a historic victory for investors. But we have won a battle, not the war. Now the attention of RestoreTheTrust.com turns to ensuring that the SEC fights for small investors who have lost billions because of the fraud and theft in the mutual fund industry. |