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AICPA Comment Letter to SEC on Duties of Brokers, Dealers and Investment Advisers (PDF)
American Institute of Certified Public Accountants [AICPA] Link to more items from this source
[Opinion]
July 8, 2013

"The current self-regulated broker-dealer examination regime is inherently conflicted. If applied to the investment adviser profession, the same rules-based standard would result in a check-the-box approach similar to broker-dealer oversight and is not conducive to appropriate regulation of the investment adviser profession. This harms the public's best interest as it diverts focus from placing the investor's interest first to simply complying with the rules."  MORE >>

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