Vote on SRO bill possible as early as July

06/15/2012 | AdvisorOne

Voting on a House bill that would create a self-regulatory organization for advisers could happen in July. "The timing depends on how quickly they can address some of the issues that have been raised through amendments," such as treatment of state-registered advisers, FPA's Dan Barry says. Meanwhile, a Senate committee has advanced a 2013 spending bill with more funding for the Securities and Exchange Commission. But some industry insiders say the measure, even if passed, wouldn't end the SRO debate.

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