Oversight of investment advisers is coming to a head once again. On September 13, a Congressional financial services subcommittee will conduct hearings on oversight following the Securities and Exchange Commission’s report that suggested a self-regulatory organization as an option for correcting the agency’s failure to inspect investment advisers quicker than it has in the past. The call for this option, either a new self-regulatory entity or the Financial Industry Regulatory Authority, is a reaction to the SEC’s inability to detect the Madoff Ponzi scheme. Read more on Thomson Reuters here.
