House passes SEC budget with amendment preventing fiduciary efforts
Appropriation of $1.4B also falls short of regulator's request to strengthen oversight; separate bill to cover exam costs gains bipartisan support.
The House of Representatives on Wednesday approved a spending bill that denies the Securities and Exchange Commission the funding it says it needs to strengthen investment adviser oversight, and contains an amendment that would prohibit the SEC from spending money to develop a rule to raise investme
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