Financial Planning Coalition Statement on Nomination of Mary Jo White to Lead SEC

Coalition looks to White to protect consumers and implement a uniform fiduciary standard

Washington, D.C., January 24, 2012— The Financial Planning Coalition, a group representing nearly 75,000 stakeholders, today issued the following statement on President Obama’s nomination of Mary Jo White to serve as Chairman of the Securities and Exchange Commission (SEC):

“In nominating Mary Jo White to lead the SEC, President Obama made a strong statement in support of investor protection. The years of experience Mary Jo White has in prosecuting white-collar criminals is a testament to her commitment to safeguarding investors and the public. The Financial Planning Coalition looks forward to Ms. White bringing this same level of ‘consumer-first’ commitment to the SEC. This includes leading the SEC in continuing to implement the Dodd-Frank law—specifically, carrying out the SEC staff’s own recommendation of extending the fiduciary standard to broker-dealers who provide personalized investment advice to retail clients. We look forward to supporting Ms. White’s nomination and hopefully working with her in the near future. ”