Bill introduced to register financial planners with SEC.BILL INTRODUCED TO REGISTER FINANCIAL PLANNERS WITH SEC Representative Rick Boucher
Frederick Carlyle "Rick" Boucher (D-Va.) has introduced HR 4441, which would require all those who hold themselves out to be financial planners or investment advisers to register with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Cosponsors of the bill are Representatives John Dingell John David Dingell, Jr. (born in Colorado Springs, Colorado, July 8 1926) is a Democratic United States Representative from Michigan and is currently the Dean (longest-serving member) of the House of Representatives, with a tenure longer than the entire current time served of 121 (D-Mich.), Edward Markey (D-Mass.), Dennis Eckart (D-Ohio), Jim Cooper For other persons of the same name, see Jim Cooper (disambiguation). James Hayes Shofner "Jim" Cooper (born July 19, 1954) is a politician from the U.S. state of Tennessee, currently a member of the U.S. (D-Tenn.), Jim Slattery (D-Kans.) and Ron Wyden (D-Ore.). The bill would require advisers and financial planners to disclose their qualifications and sources of income, such as fees and commissions. It also would make it easier for individuals to sue accountants, lawyers and others who act as financial planners and investment advisers for damages and fraud. The accountant exemption from coverage under the 1940 act would be eliminated when a practitioner receives special compensation for financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against or investment advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal . The American Institute of CPAs is working with Boucher to make the liability exposure of accountants and other professionals offering investment and financial planning advice more realistic. For copies of the bill, write your congressman. |
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