The Five Best and Five Worst Moves in Financial Planning in 2010
BEST MOVE #1: The SEC Shifts Smaller Shops to State Regulation
BEST MOVE #1: The SEC Shifts Smaller Shops to State Regulation
Amid debates about whether independent advisors should come under regulation by the Financial Industry Regulatory Authority, this decision makes a lot of sense. If the SEC can focus on supervising a much smaller number of firms with bigger assets, it boosts the argument for keeping RIAs under SEC supervision.
