Rep. Waters opposes financial adviser SRO bill

Rep. Maxine Waters, D-Calif., the second-highest ranking Democrat on the House Financial Services Committee, said she opposes a bill by the committee's chairman, Rep. Spencer Bachus, R-Ala., to put financial advisers under the supervision of one or more self-regulatory organizations. Waters told participants at an industry conference that she prefers giving the Securities and Exchange Commission more funding to regulate advisers.

View Full Article in:

Influential Democrat latest to oppose SRO bill - InvestmentNews

Published in Brief: