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BEST MOVE #1: The SEC Shifts Smaller Shops to State Regulation

BEST MOVE #1: The SEC Shifts Smaller Shops to State Regulation

Amid debates about whether independent advisors should come under regulation by the Financial Industry Regulatory Authority, this decision makes a lot of sense. If the SEC can focus on supervising a much smaller number of firms with bigger assets, it boosts the argument for keeping RIAs under SEC supervision.



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