Lawmakers are pushing a bill that would hand the oversight of investment advisers to an organization with an inherent conflict of interest. By Joe Newman Sometimes, members of Congress follow harebrained logic. If the consequences weren’t so serious, it would be hilarious. Consider a House bill co-sponsored by Reps. Spencer Bachus (R-AL) and Carolyn McCarthy …
Tag Archive: oversight
Jun 18
Making the world safer for the next Bernie Madoff
Tags: Bachus-McCarthy Investment Adviser Oversight bill, Bernie Madoff, Carolyn McCarthy, Financial Industry Regulatory Authority, FINRA, Harry Markopolos, Investment Adviser Oversight Act of 2012, investor, Joe Newman, NASD, NASDAQ, National Association of Securities Dealers, oversight, Ponzi scheme, regulate, scam, SEC, Securities and Exchange Commission, Spencer Bachus, stock exchange, Wall Street
Permanent link to this article: http://www.easttexasreview.com/making-the-world-safer-for-the-next-bernie-madoff/
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