Advisers: Ignore SRO bill at your peril

04/29/2012 | InvestmentNews (free registration)

A House bill backed by Rep. Spencer Bachus, R-Ala., and Rep. Carolyn McCarthy, D-N.Y., that would create a self-regulatory organization for investment advisers could die this year in the Senate. But that isn't stopping parties on both sides of the issue from mobilizing. Some say momentum from this year will carry over into the next Congress, even if the bill must be reintroduced. "Even though you start from scratch [in 2013], it kind of eases the path next year," said Dan Barry, FPA managing director of government relations and public policy.

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