Should Robots Replace Regulators?

by The Compliance Exchange on May 7, 2012

Politicians and regulators are bickering again over who should oversee the nation’s 28,000 investment advisers, who manage some $50 trillion.

A bill introduced in the House of Representatives at the end of April would take that job away from the federal Securities and Exchange Commission and regulators in 48 states—and could hand it to the nongovernmental Financial Industry Regulatory Authority, which already oversees securities brokers and dealers.