Increase SEC exams of RIAs
Regulatory exams should be just as frequent for advisers as they are for brokers.
Are brokers breaking away from their industry and joining the registered investment adviser channel to take advantage of a lax regulatory environment? And if so, is the investing public at risk?
It is hard to answer either question definitively, but Susan Axelrod, executive vice president of reg
Learn more about reprints and licensing for this article.