FINRA's Ketchum calls for harmonization of rules

03/15/2013 | Wall Street Journal, The

Financial Industry Regulatory Authority Chairman and CEO Richard Ketchum called for investment advisers and brokers to be governed by the same set of rules as he highlighted regulatory shortcomings of the Securities and Exchange Commission. "If investors are to be protected, investment advisers need to be examined regularly and vigorously, it's as simple as that, and it is not happening under our current system," Ketchum said, hinting at FINRA's efforts to take over supervision of investment advisers. However, he said that's not a priority for FINRA right now. FINRA Vice President of Transparency Services Andrew Kagan is a featured speaker at SIFMA Operations Conference & Exhibit in Boca Raton, Fla. Register today.

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Wall Street Journal, The

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