“The agency will ‘intensify’ its focus on the role of financial advisors in 2014,” agency chairwoman Mary Jo White emphasized in a speech Friday morning, February 21 .[pullquote]The agency will ‘intensify’ its focus on the role of financial advisors in 2014[/pullquote]
“In 2014 … we also will intensify our consideration of the question of the role and duties of investment advisers and broker dealers, with the goal of enhancing investor protection,” said White during her welcoming remarks at the SEC Speaks 2014 conference in Washington.
She cited greater focus on broker-dealers as well. “We will also increase our oversight of broker-dealers with initiatives that will strengthen and enhance their capital and liquidity, as well as providing more robust protections and safeguards for customer assets,” she said in prepared remarks.
White’s speech came a day after her agency announced the details of its “Never Before Examined Imitative” aimed at targeting unexamined financial advisors that have been registered with the SEC for three or more years. And for that, you can find more details here.