REGULATION: Brokers, investment advisers targeted
Investment advisers and brokers would face new rules under draft legislation sent to Capitol Hill last month by the Treasury Department.
Investment advisers and brokers would face new rules under draft legislation sent to Capitol Hill last month by the Treasury Department. Among other provisions, the legislation aims to establish consistent standards for anyone providing investment advice about securities, improve the timing and quality of disclosures, and establish a permanent Investor Advisory Committee at the SEC. For a look at the draft legislation, visit treas.gov/press/releases/tg205.htm.
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