Since the financial crisis five years ago, public confidence in our financial markets has deteriorated. Moreover, due to largely inadequate levels of funding over the last decade, the
In introducing the bill, Ranking Member Waters said "This legislation answers a funding gap which has been largely responsible for the infrequency of investment adviser exams, and represents the simplest and most direct method for achieving the desired result: improved quality and quantity of these exams and another step towards restoration of public confidence in our markets."
H.R. 1627 would also preserve the expanded role of state securities regulators provided under the Dodd-Frank Act, which directs the
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|Source:||Targeted News Service|