Letters to Congress: AFR urges support for the U.S. Territories Investor Protection Act of 2016
AFR support the U.S. Territories Investor Protection Act of 2016 to close an egregious, decades-old loophole that exempted companies in Puerto Rico, the Virgin Islands, and any other United States territory from the Investment Company Act of 1940 – a loophole that denied residents the basic investor protections afforded to residents of the mainland United States.