Walter calls for more investment adviser oversight resources

04/22/2013 | Reuters

More resources are needed for better oversight of investment advisers, Securities and Exchange Commission member Elisse Walter says. "Congress needs to actively fund existing exam programs or create an effective alternative," she said. Options such as charging investment advisers user fees, shifting the oversight burden to a self-regulatory organization such as the Financial Industry Regulatory Authority or raising the SEC's budget are all viable, Walter says.

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