In the climax to an epic legal battle, the Supreme Court ruled that President Obama's massive health-care overhaul does not violate the Constitution. So what does this mean for advisers? Plenty.
Respondents willing to pay user fee to commission to avoid SRO oversight
The Government Accountability Office is calling on the SEC to step up its oversight of Finra, including reviewing the compensation of its executives. The GAO, the investigative arm of Congress, also said that Finra should conduct “retrospective reviews” of its rules to determine whether they are effective.
In a congressional hearing last week, witnesses and lawmakers expressed concern about how much it would cost to set up and operate an SRO.
Opponents of Bachus bill claim they're gaining momentum; the Congressman is not backing down, though
Commission was seeking $245M boost in funding, got $50M; vote could bolster SRO backers
Waters' legislation aims to retain SEC examinations of investment advisers; all registered firms would be assessed a charge
