Fivethirtyeight.com puts the Democrats' chances of flipping the 23 seats needed to gain a 218-seat majority in the House at 81.5 percent. (Photo: Shutterstock)
If Democrats succeed in taking control of the U.S. House of Representatives in next month's midterm elections, chairmanship of key committees and subcommittees with jurisdiction over the Securities and Exchange Commission and the Labor Department will trade hands, giving Democrats power to try to advance more stringent consumer protections in the retail financial advice market.
Fivethirtyeight.com puts the Democrats' chances of flipping the 23 seats needed to gain a 218-seat majority in the House at 81.5 percent. The website also put Hillary Clinton's chances of winning the 2016 presidential election at 71.4 percent.
Should the Democrats win, Rep. Maxine Waters, D-CA, currently the ranking member of the House Committee on Financial Services, is expected to chair the committee, which has jurisdiction over the SEC.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
