Wall Street’s Self-Regulator Wants More Power And That’s Bad News For The Public
Wall Street‘s self-regulating agency wants to increase its power over more financial advisory firms.
Financial Industry Regulatory Authority’s (FINRA) currently performs financial regulation of member brokerage firms and their employees but now with the endorsement of politicians like Rep. Spencer Bachus it’s pushing to regulate Registered Investment Advisors (RIAs) which are currently regulated directly by the Federal and State …