FINRA to Congress: We Want Advisers to Have an SRO

FINRA wants investment advisers to be subject to “FINRA-type oversight,” according to CEO Stephen Luparellos written testimony submitted to the House Capital Markets Subcommittee last week. “The absence of FINRA-type oversight of the investment adviser industry leaves [advisory firm] customers without an important layer of protection inherent in a vigorous examination and enforcement program and […]
Full contents of this article are only available to paid subscribers.

Please note: we are on a new platform and you may need to reset your password to recover your account. Click here for more details.

New to ACA Insight?

Subscribe today and receive a time-limited $200 discount!

Subscribers receive: 46 electronic issues conveniently e-mailed to your desktops each Friday; access to archives of past stories; and breaking news e-mails.

Subscribe today to the weekly news source for investment management and legal compliance professionals.