CFP Board Supports the Financial Exploitation Prevention and HYPE Acts

This week, CFP Board submitted a statement for the record to the House Financial Services Committee's Capital Markets Subcommittee for its hearing, "Safeguarding Main Street: Combatting Fraud and Exploitation in Our Capital Markets." In the statement, CFP Board strongly endorsed the Financial Exploitation Prevention Act of 2025 (H.R. 2478) and the Honesty in Your Promotion of Equities (HYPE) Act.

These legislative proposals are critical to safeguard American investors and protect them from financial exploitation and misinformation. The Financial Exploitation Prevention Act provides a vital "hold" by allowing for the delay of redemption requests when elder financial abuse or exploitation is suspected. The HYPE Act targets "finfluencers" by modernizing disclosure requirements for those who promote or provide impersonal investment advice about certain securities. Together, these bills represent a necessary modernization of the regulatory framework to protect Main Street investors and everyday Americans as the fraud and exploitation crisis continues to evolve rapidly.

To read the full letter, click here.