Despite its likely Senate death, SRO bill stirs industry

04/29/2012 | InvestmentNews (free registration)

A House bill backed by Reps. Spencer Bachus, R-Ala., and 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.

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