Investor Protection Unit of House of Representatives Hosts Delegation from United Kingdom

Washington, D.C. – The Investor Protection Unit (IPU) of the United States House of Representatives recently welcomed a delegation from the United Kingdom to discuss best practices in investor protection and regulation. The delegation, led by a senior member of the British Parliament, included representatives from the Financial Conduct Authority (FCA), the Treasury, and consumer advocacy groups. They met with IPU staff, including Chairman Brad Sherman (D-CA), to exchange ideas on how to protect investors from fraud and abuse. “Investor protection is a top priority for the IPU,” said Sherman. “We were honored to host this delegation and learn from their expertise in regulating financial markets and safeguarding investors.” The delegation shared their experience with initiatives such as the Financial Ombudsman Service, which provides a free and impartial dispute resolution service for consumers. They also discussed the FCA’s role in regulating the investment industry and protecting investors from systemic risks. The IPU staff provided an overview of the role of the U.S. Securities and Exchange Commission (SEC) and other agencies in investor protection. They discussed recent efforts to combat fraud and enhance investor disclosure, including the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The two sides also explored opportunities for collaboration on cross-border investor protection issues. They agreed to continue working together to ensure that investors have a fair and transparent financial marketplace in both the United States and the United Kingdom. “The exchange of ideas with our counterparts in the United Kingdom was invaluable,” said IPU Director Jeremy R. Allen. “We gained insights that will help us strengthen our efforts to protect American investors.” The delegation’s visit highlighted the importance of international cooperation in the field of investor protection. By sharing knowledge and best practices, regulators can create a more robust and effective system to protect investors worldwide.Uganda: Head of Parliament’s Investor Protection Unit Meets with Ugandan and UK Investment Delegation

Uganda: Head of Parliament’s Investor Protection Unit Meets with Ugandan and UK Investment Delegation

Kampala, Uganda

– The Head of the House of Representatives Investor Protection Unit (SHIPU), Colonel Edith Nakalema, received a UK delegation headed by Mr. Jaffer Kapasi OBE, Consul-General of Uganda in the Midlands. The meeting, held at SHIPU’s offices in Kampala, featured a group of investors with expertise in various sectors, including construction. Colonel Nakalema emphasized Uganda’s increasing allure as an investment destination, driven by President Yoweri Kaguta Museveni’s policies. Colonel Nakalema attributed the country’s welcoming environment to President Museveni’s leadership, which has motivated both domestic and international investors. Established investors in Uganda praised SHIPU’s new e-investor protection portal, acknowledging its potential to safeguard and promote investments. Mr. Kapasi pledged their dedication to expanding their investments and invited larger investors to explore the numerous possibilities in Uganda.The Investor Protection Unit of the House of Representatives received a delegation from the United Kingdom. The delegation conducted a study visit to the Unit to learn about its mandate and operations. The delegation was led by Mr. John Glen, Economic Secretary to the Treasury, and included representatives from the Financial Conduct Authority (FCA) and the Bank of England (BoE). According to Hon. Charlse Ukeje, Chairman, House Committee on Insurance and Actuarial matters, the visit is a welcome development. “We are happy to receive the delegation from the United Kingdom. This visit is a testament to the growing importance of the Investor Protection Unit and its work in protecting investors’ rights.” Mr. Glen, Economic Secretary to the Treasury, said that the delegation is “impressed with the work of the Investor Protection Unit (IPU). “The IPU is a valuable resource for investors in Nigeria, and we are pleased to see the progress that it has made in recent years.” The delegation met with staff of the Unit and discussed a wide range of issues, including the Unit’s mandate, its operations, and its challenges. The delegation also visited the Unit’s offices and met with members of the Unit’s staff. The Investor Protection Unit (IPU) was established in 2010 to protect the interests of investors in the Nigerian capital market. The IPU is responsible for investigating complaints from investors and taking enforcement action against those who violate the law. The IPU also provides education and training to investors on their rights and responsibilities.