Rep. Bachus wants at least one SRO overseeing financial advisers

09/8/2011 | Bloomberg · MarketWatch

A draft bill from by Rep. Spencer Bachus, R-Ala., chairman of the House Financial Services Committee, would put retail investment advisers under the oversight of one or more self-regulatory organizations. Bachus said taking regulation of financial advisers from the Securities and Exchange Commission would "result in much more effective regulation and examination."

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Bloomberg · MarketWatch

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