Enhanced SEC Oversight Cheaper Than New SRO: Study

Law360, New York (December 15, 2011, 5:18 PM EST) -- Creating a self-regulatory organization for the oversight of investment advisers would likely cost at least twice as much as providing more funding for an enhanced examination program at the U.S. Securities and Exchange Commission, a report released Thursday said.

More than 80 percent of investment advisers said they would prefer to pay user fees to fund greater SEC oversight than pay membership fees to have the Financial Industry Regulatory Authority or a new SRO oversee them, according to the report by the Boston Consulting Group....
To view the full article, register now.