While acknowledging that it’s unlikely that the organization could gain Congressional approval for oversight of RIAs, he continues to maintain that oversight of the financial professionals should be increased.
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Financial Industry Regulatory Authority Chairman and Chief Executive Officers Richard Ketchum says the organization has lost interest in widening its oversight to registered investment advisors. So reports InvestmentNews.
While acknowledging that it’s unlikely that the organization could gain Congressional approval for oversight of RIAs, he continues to maintain that oversight of the financial professionals should be increased.