SEC Waffles in Study on Improving RIA Oversight
Posted by William Byrnes on March 11, 2011
The SEC has finally released its Dodd-Frank mandated study on enhancing registered investment adviser (RIA) examinations, but the study is more a tale of SEC budgetary distress than a concrete plan to improve examinations. Although the study hints at the regulatory framework that is likely to emerge for RIAs in the coming months, it doesn’t conclude with a definitive solution to the problem. Although the study does not conclude with a specific plan for improving adviser examinations, the scope of the RIA examination problem and the funding problems revealed make it clear that change is coming for RIAs—change likely to be paid for by increased user fees.
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This entry was posted on March 11, 2011 at 06:17 and is filed under Compliance. Tagged: Dodd-Frank, Dodd–Frank Wall Street Reform and Consumer Protection Act, Financial Industry Regulatory Authority, Registered Investment Advisor, State Examinations Commission, Test (assessment), U.S. Securities and Exchange Commission, United States Congress. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.