SEC, FINRA might coordinate efforts, study forecasts

TowerGroup is scheduled to release today a study that predicts how regulatory reform will shake out. The financial researcher expects the Financial Industry Regulatory Authority to be more actively involved in the review of registered investment advisers. FINRA could gain the responsibility of examining the advisers, while oversight would be handled by the Securities and Exchange Commission. The study is also expected to state that an overhaul of regulations could add as much as 20% to advisers' compliance costs. 

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