In a move expected to draw the ire of some advisors,
The bill is co-sponsored by Rep.
The Bachus-McCarthy bill would authorize one or more self-regulatory organizations (SROs) for investment advisers funded by membership fees. Investment advisors and broker-dealers often provide indistinguishable services to retail customers, yet only 8% of investment advisors were examined by the
This discrepancy has lead even some long-time opponents of FINRA assuming this power to conclude that it might be preferable to having widespread lack of oversight continue.
“Having spent the better part of two decades arguing for various approaches to increase
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