Washington moves ahead with overhaul of financial regulations

10/15/2009 | Investment Advisor

President Barack Obama recently made it clear that a revamp of financial regulations remained a priority, and lawmakers are making progress on pertinent legislation. Although many issues and questions remain, officials and industry insiders say they expect a bill to pass within the next few months. "Financial services regulatory reform will be enacted this year, but the scope and details of such legislation are highly speculative at this point," said David Tittsworth, executive director of the Investment Adviser Association.

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