Adviser-SRO bill expected "very soon," insiders say

11/10/2011 | AdvisorOne

Draft legislation calling for a self-regulatory organization for advisers will be released "very soon," according to David Tittsworth, executive director of the Investment Adviser Association. The bill, the brainchild of Rep. Spencer Bachus, will soon be sent to the Capital Markets Subcommittee and shortly thereafter receive attention from the full Financial Services Committee, Tittsworth said. The bill could win approval in the House but is likely to meet resistance in the Senate.

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