Following recent legislative developments, the debate over whether to shift investment adviser oversight from the SEC to an SRO continues.
FINRA’s investor protection motivations are certainly laudable, but CFA Institute recommends implementation of the SEC’s CAT system, which is further along, before FINRA’s CARDS system.
A distinguished roster of regulators, practitioners, and legal scholars gathered recently in Washington DC to assess the state of self-regulation. Here are some key takeaways from the event.
In an environment where investor trust is low, self-regulatory organizations can play an important role in supporting a more sustainable financial system.
Despite criticism that SROs have too many flaws to be trusted, they still play an important role to play in financial markets.
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