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Cape Gazette: New federal financial reform law will help Delaware protect investors
Attorney General Beau Biden said his office gained new powers to better protect Delaware investors under the federal financial reform legislation President Barack Obama signed into law July 21.
“These important reforms direct significant new federal resources to protect consumers’ interests and give states new authority to enforce consumer financial protections,” Biden said.
“Reckless behavior in recent years has caused pain that is still being felt around kitchen tables in every corner of our state. With this new law, we now have stronger state and federal oversight of the financial industry and more protections for Delawareans who invest their hard-earned money.”
Specifically, the Wall Street reforms do the following:
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