InvestmentNews: Here’s how a Democratic House will affect financial advisers
The American Securities Association, which represents regional broker-dealers, plans to encourage Ms. Waters to support legislation that would bolster the broker protocol, which is under pressure from brokerages leaving the pact.
Christopher Iacovella, ASA chief executive, argues that giving clients information they need on whether to follow their brokers is an aspect of investor protection.
“There’s a lot of agreement between our group and expected chairwoman Maxine Waters on investor protection, small-business capital formation and privacy issues,” Mr. Iacovella said.
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