A member of the House Financial Services Committee who has been prodding the Securities and Exchange Commission to beef up its cost-benefit analysis of a potential fiduciary-duty rule for investment advice seems inclined to run for chair of the panel in 2013 — if the GOP maintains control of the House. Rep. Scott Garrett, R-N.J., chairman of the Capital Markets Subcommittee, hasn’t made a decision on whether to put his name forward to House Republican leadership, according to a spokesman. But Mr. Garrett appears ready to make the case that he would be the best person for the job despite having less seniority than several other potential candidates. Read Investment News report here.
