Internal Changes at SEC’s Exam Division
As uncertainty remains in the debate over whether an SRO should oversee advisors—and a new option of using outside auditors for advisor exams in lieu of an SRO was recently thrown into the mix—changes are afoot within the SEC’s exam division.
Tom Bradley of TD Ameritrade Suggests FINRA Trial Exams for Dually Registered
Head of TD Ameritrade Institutional has an ‘open mind’ on SRO, but says ‘harmonization is not the answer.’
Senate to Grill SEC Chiefs at Oversight Hearing
A Senate Banking Subcommittee plans to hold a hearing on Nov. 16 on management and structural reforms at the SEC, with Robert Khuzami and others facing off with the Senators.
Forget Advisor SRO; Use External Auditors for Exams, Academic Study Urges
A Georgetown business school professor offers another option in lieu of an SRO for advisors: outsourcing routine advisor exams to external third parties, such as accounting and consulting firms.