Securities
Jan. 3, 2013
Congress mulls bill to increase financial adviser oversight
The average adviser registered with the SEC gets examined once every 11 years, and some advisers go more than 15 years between examinations. Congress is looking to change that. By John Vaughn and Christopher Rowlett
Many people, including Chairman of the Federal Reserve Board Ben Bernanke, believe the economic collapse of the late 2000s and subsequent recession was caused, at least in part, by a lack of regulatory oversight. While Chairman Bernanke believes subprime mortgages "triggered" the crisis and subsequent recession, he also described "vulnerabilities," including a lack of oversight and regulation in the finan...
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