"I don't hear people saying: 'We don't want to be examined,'" [Larry Lavender, chief of staff to the House Financial Services Committee,] said. "What they're saying is that we want to have good examinations that serve the purpose of ensuring that this industry serves the needs of its clients."
The [investment adviser] SRO issue will take at least several months to play out in Congress…. "We have so many steps between now and that point where we can change the outcome," Marilyn Mohrman-Gillis, managing director of public policy and communications at the Certified Financial Planner Board of Standards Inc., said at a MarketCounsel session. Read more >
Mark Schoeff Jr.
October 17, 2011