U.S. Securities and Exchange Commission (SEC) has submitted to Congress a report, asking Congress to enhance the investment adviser regulatory measures on the best way to make a decision, because the Commission is reducing the resources available.
Securities and Exchange Commission said in a report in this study, the Committee "staff that the Commission is likely to be in the near or long term do not have enough capacity to registered investment advisers have been effective, often enough regulation." Report gives the regulatory measures to enhance the investment adviser may be taken three ways, by the Congress to decide which way is best.
Securities and Exchange Commission staff listed in the report are three ways to authorize one or more self-regulatory organization of registered investment adviser regulation, subject to this or these organizations need to control the Securities and Exchange Commission; to those who have Securities and Exchange Commission registered investment advisers charge a fee to help finance the supervision of the Committee on their activities; authorized U.S. Financial Industry Regulatory Authority (FIRA) to double up on the regulation of investment advisers, investment advisers not only to sell them financial products, also provides consultancy services.
Securities and Exchange Commission on how to strengthen the research investment adviser regulatory measures is based on U.S. President Barack - Barack Obama (Barack Obama) as the official legislation signed last year, "Dodd - Frank Finance Reform Act," carried out, the bill has been in the last year July implementation, the aim is to overhaul the U.S. financial sectors. At present, the investment adviser is only responsible for the supervision by the Securities and Exchange Commission, but because of lack of resources and funding reasons, the Commission is difficult to be checked regularly.