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Carnahan: Missouri holds lessons for Wall Street
By Emily on 01/19/2010 @ 09:25 PM
Missouri Senate candidate Robin Carnahan had a great guest piece in the Joplin Globe today, highlighting her work to protect Missouri investors as the current secretary of state. Robin knows how critical it is to restore economic stability -- for Missouri and across the country -- and she has the experience to help take steps toward recovery.
Here's a quick excerpt from her post:
As Missouri’s secretary of state and chief securities regulator, it is my job to oversee the actions of advisors and brokers; educate Missourians about safe investing; and help victims of fraud get their money back.
While federal regulators were asleep at the switch and Congress let Wall Street titans run wild, here in Missouri we’ve been hard at work making sure brokers and financial institutions play by the rules.
While we are lucky to have thousands of reputable financial professionals doing business in our state, unfortunately we still get reports every day from Missourians who have been exploited or misled by those entrusted with their savings.
Since 2005, we’ve launched more than 1,000 investigations throughout the state. An interactive map on our Web site (www.MissouriSafeSavings.com) shows geographically where these actions have occurred and the types of issues involved. In every case our office has focused on two primary goals: First, whenever possible, return money to victims; and second, stop the problems and abuse from happening again. To date, our efforts have paid off, and we have helped tens of thousands of investors recoup more than $10 billion of their lost savings.
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