Draft Bill Calling for SRO for Advisors Introduced in House

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Draft Bill Calling for SRO for Advisors Introduced in House

Sep 08, 2011

Marilyn Mohrman-Gillis, managing director, public policy for the Certified Financial Planner Board of Standards, told AdvisorOne on Thursday that the authorization of an SRO to oversee advisors doesn't address the real problem, which is how to increase investment advisor exams. "We don't believe that creating this whole new bureaucracy" via an SRO addresses the advisor examination issue in a cost-effective manner, she says. Advisor oversight should "remain at the SEC, and the [agency] can increase its examinations of advisors with a revenue increase—and that can be done off budget." Read more >

Melanie Waddell
September 8, 2011

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