As SEC Chairwoman Mary Jo White prepares to step down at the end of President Barack Obama’s term, some advocates for stronger adviser regulations are wondering what might have been, and apprehensive about the face of the next regime.
White’s departure, hardly surprising given the results of the presidential election, will leave government without having completed two critical initiatives: enacting a uniform standard that would extend the fiduciary responsibilities advisers face to broker-dealers, and setting up a structural framework for increased RIA examinations.
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