I'm reading through the message points that the Financial Services Institute has sent out to its members and after every sentence or two, I have to fight my gag reflex. For instance: "Dodd-Frank called for changes in the oversight of investment advisors and broker-dealers in order to eliminate regulatory gaps that undermine investor protections." The message says that these investor protections will be restored with the legislation cosponsored by Reps. Spencer Bachus (R-Ala.) and Carolyn Maloney (D-N.Y.) that recommends more stringent oversight of registered investment advisors under FINRA.
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