On June 6, 2012, the Financial Planning Coalition submitted a prepared statement to the U.S. House of Representatives Committee on Financial Services, strongly opposing the Investment Adviser Oversight Act of 2012 (H.R. 4624), which would establish one or more self-regulatory organizations (SROs) for investment advisers. The Coalition reiterated its belief that SEC oversight is the appropriate and most cost-effective solution to increase adviser examinations and provide effective investor protection.

Read the Coalition’s statement (PDF, 254KB)