Bring It On! Investment Advisers Want Heavier-Touch Regulation

Given the opportunity to operate in a world of lighter-touch regulation, most companies and industries would jump at the chance. Can you imagine the relief and rejoicing within the oil and gas pipeline sector if the Environmental Protection Agency were to “lighten up a bit”?

Not so with investment advisers, though. To many in the industry, it seems, the tougher the regulation, the more nebulous the legal requirement, the higher the standard of care threshold, the better. And they aren’t shy about letting the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, Congress, and anyone else who will listen know it.

You’d be hard-pressed to find anything like it elsewhere in the business world. Read more.