Amid Advisors' Soaring AUM, SEC Chair Eyes Fiduciary Reform & Expanded Exams

WASHINGTON -- Investment advisors and brokers remain a key area of concern for SEC regulators, with the agency's head telling a House panel that she plans to advance a proposal for potentially expanding fiduciary responsibilities later this year.

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Comments (1)
Hedge and private equity funds are facing a higher degree of scrutiny from the SEC than ever before. As a result of increased examination the number of cases involving such funds that have been referred to the SEC's enforcement division has approximately doubled in recent years requiring more people to perform these exams. I work for McGladrey and there's a whitepaper "Is your fund prepared for the SEC's heightened regulatory focus?" it offers good information on how businesses can be prepared for this @ http://bit.ly/1bEjpzs
Posted by Andrew B | Thursday, May 01 2014 at 10:51AM ET
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