FINRA positions itself for adviser SRO role

10/2/2011 | AdvisorOne

The House of Representatives could pass a bill to create a self-regulatory organization for financial advisers as early as this fall, observers say. The Financial Industry Regulatory Authority is vying to take over the role. FINRA's oversight would be "tailored to the particular characteristics of the investment adviser business," CEO Rick Ketchum told lawmakers.

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