A [Boston Consulting Group (BCG)] study released today by several investment-adviser interest groups shows that advisory firms would pay more than twice as much if they were overseen by a self-regulatory organization as they are under the Securities and Exchange Commission....
"The BCG study presents a compelling economic case to keep oversight of investment advisers at the SEC," Kevin Keller, chief executive of the Certified Financial Planner Board of Standards Inc., said at a news conference in New York. "We believe this report will have a significant impact on the policy debate." Read more >
mark Schoeff, Jr.
December 15, 2011