 The best opportunity to get [a user fees bill] enacted into law is a bipartisan bill in the Senate."Neil Simon, vice president of government affairs for IAA [Investment Adviser Association] |
Advisory Industry Wants More Exams (and Will Pay for Them, Too)
Melanie Waddell | Think Advisor, June 2014
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Summary: Advisory industry executives and advocates descended on Capitol Hill Thursday to participate in the Investment Adviser Association’s annual lobbying day. Those issues include not only boosting funding for the Securities and Exchange Commission so that it can increase advisor exams, but pushing members of Congress to support the Investment Adviser Examination Improvement Act of 2013, a bill sponsored by Rep. Maxine Waters, D-Calif., that would allow the agency to collect fees from advisors to fund their exam.
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