Treasury Blueprint: Should FINRA Regulate Investment Managers?
from Boston Security Analysts Society
This event has passed.
Tuesday, September 16, 2008, 12:15pm - 2:00pm
The recent blueprint issued by the Treasury Department includes a recommendation to establish a self-regulatory organization (SRO) for investment advisers. Citing the "rapid and continued convergence of the services provided by broker-dealers and investment advisers," the document recommends "statutory changes to harmonize the regulation and oversight of broker-dealers and investment advisers offering similar services to retail clients" and that "investment advisers be subject to a self-regulatory
regime similar to that of broker-dealers." Treasury officials have confirmed that FINRA (formerly the NASD) would be the "logical choice" as the investment adviser SRO.
Mr. Tittsworth, will discuss the Treasury recommendations and IAAs plans to oppose the SRO recommendation.
The Investment Adviser Association (IAA) is a non-profit organization based in Washington, DC that represents the interests of investment advisory firms. Founded in 1937, the IAAs membership consists of more than 500 SEC-registered investment advisory firms that collectively manage in excess of $9 trillion for a wide variety of individual and institutional clients.
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