Self-regulatory organization for advisers seen as unlikely

06/15/2009 | InvestmentNews (free registration)

Industry insiders say the Obama administration's proposal for overhauling the financial-regulation framework probably won't include creating a self-regulatory organization to supervise investment advisers. "I'm doubtful that the administration's plan will include a proposal to establish an SRO for advisers," said David Tittsworth, executive director of the Investment Adviser Association in Washington. "The administration will focus on core issues related to the economic crisis, and the SRO issue is not such a core issue."

View Full Article in:

InvestmentNews (free registration)

Published in Brief: