Combatants gear up for self-regulatory organization hearing
Industry trade groups, consumer advocates and advisor partners are gearing up for the House Financial Services Committees hearing Wednesday on Rep. Spencer Bachus bill calling for a self-regulatory organization to oversee advisors.
By Staff Writer|June 04, 2012 at 07:30 AM
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Industry trade groups, consumer advocates and advisor partners are gearing up for the House Financial Services Committee’s hearing Wednesday on Rep. Spencer Bachus’ bill calling for a self-regulatory organization to oversee advisors.
Their collective rallying cry: an SRO isn’t needed—particularly if that SRO is the Financial Industry Regulatory Authority. What to do instead? Fund the Securities and Exchange Commission so that it can conduct more frequent advisor exams.
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