House panel to vote on increasing family office oversight
The legislation, written by Rep. Alexandria Ocasio-Cortez, D-N.Y., would require family offices with more than $750 million in AUM to register with SEC.
The House Financial Services Committee is set to vote this week on legislation that would increase regulatory oversight of some family offices.
Currently, advisory firms that manage the finances of wealthy families don’t have to register with the Securities and Exchange Commission. That would c
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