A Georgetown University professor has proposed a different idea in the ongoing debate over how investment advisors should be effectively regulated: outsource the heavy lifting to accounting firms.

In a 36-page report now circulating through the industry, James J. Angel, a professor at the McDonough School of Business at Georgetown, says routine examinations should be outsourced to seasoned accounting professionals. TD Ameritrade Institutional commissioned the report, titled “On the Regulation of Investment Advisory Services: Where do we go from here?”

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