Most recently, he opposed the nomination of a strong investor advocate to an accounting oversight board created by the legislation he helped to write.

The MBNA Corporation is revamping is board, but not fast enough to satisfy some shareholders and investor advocates.

However, it has often been criticized by investor advocates as ineffective.

The S.E.C. and its chairman, Christopher Cox, have come under increasing scrutiny for what investor advocates say is a steady drift away from the agency's mission of protecting shareholders.

These multiple roles have been criticized by investor advocates and board members as posing a potential conflict of interest.

The New York Times observed that the Commission "largely stood its ground amid pressure from compensation specialists, investor advocates, and industry groups."

The report, to be issued in Washington, gives official backing to efforts by investor advocates to make boards more responsive to the shareholders who elect them.

There were investor advocates, but they were outnumbered.

Banking and Consumer Protection: Educating and protecting consumers and investors Senator Akaka is one of the leading consumer and investor advocates in the Senate.

Even if they had known, though, lawyers and investor advocates are unsure whether it would have been enough to force disclosure.