A coalition of financial planning experts urged lawmakers to keep the U.S.  Securities and Exchange Commission in charge of investment advisor regulation for the sake of cost and efficiency, just days ahead of several federal reports on the industry due next week.

The studies set to come from the SEC and Government Accountability Office follow efforts to ramp up financial regulation after the Dodd-Frank Act was passed last year. The three federal studies will examine how frequently investment advisors should take exams and who will regulate them, if financial planners should answer to more regulation and if the fiduciary standard should be extended to include broker-dealers.

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