Senate Proceeding on Apr 23rd, 2009 :: 1:30:40 to 1:33:20
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1:30:40 to 1:31:01( Edit History Discussion )

Herb Kohl: of his and then go back to the i'd ask consentor that. there without mr. kohl: mr. president? the presiding officer: the senator from wisconsin. mr. kohl: i would like to speak for just a few minutes with your permission. i ask to call up my amendment

1:30:40 to 1:33:20( Edit History Discussion )
Speech By: Herb Kohl

1:31:02 to 1:31:22( Edit History Discussion )

Herb Kohl: number 990. the presiding officer: the clerk will report. the wisconsin, mr. kohl, propose an amendment numbered 990. at the appropriate place, insert the mr. kohl: i ask that the reading of the amendment be dispensed with. the presiding officer: without objection. mr. kohl: mr. president, i speak today in support of an amendment that would protect older americans from

1:31:23 to 1:31:45( Edit History Discussion )

Herb Kohl: unscrupulous financial advisors. in these tough economic times, seniors are discovering that their life savings have lost so much value, they may not be able to fund their retirement. desperate for advice, they look toward investment advisors for strategies to ride out this economic storm. unfortunately, we have learned that some are placing their trust in so-called senior

1:31:46 to 1:32:06( Edit History Discussion )

Herb Kohl: investment advisors who in many cases are one step above scam artists. these individuals limited or no education or training, though they claim titles with legitimate-sounding names. we know that an attorney must go to school for three years and ss a state bar exam. a cpa must have a college

1:32:07 to 1:32:28( Edit History Discussion )

Herb Kohl: degr study and must also pass a national exam. neither can offer their professional services without these credentials. seniors should be able to trust the people who invest their money. they s the title after their advisor's name is scarcely more than a marketing ploy. this amendment would create a new grant program to assist

1:32:29 to 1:32:50( Edit History Discussion )

Herb Kohl: states in their efforts to protect seniors from misleading financial advisor designations by encouraging them to adopt provisions outlined in the north american securities the nat insurance commissioners model rules on the use of senior designations. i strongly encourage my

1:32:51 to 1:33:12( Edit History Discussion )

Herb Kohl: colleagues to cosponsor this amendment. i thank you, mr. president. i yield the the presiding officer clerk will call the roll.