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Key House Republicans bash SEC exam user fee idea

In a letter to SEC chairman Mary Jo White, two key House Republicans outline opposition to having RIA pay for SEC exams; tell her to reallocate resources to boost exam record

Renewed opposition by two leading House Republicans to the idea of letting the Securities and Exchange Commission charge investment advisers for their examinations signals long odds for user-fee legislation next year.
House Financial Services Chairman Jeb Hensarling, R-Texas, and Rep. Scott Garrett

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