AdvisorOne Conducts Advisor Poll Weighs In On Who Should Be Schapiro's Successor And What Should Be The SEC's Top Priorities Hot

0.0 (0)
Write Review
Sallie Krawcheck was the top pick of 27% of respondents. Seventeen percent said an actual advisor should take over. Third pick was Robert Khuzami, Schapiro’s director of the enforcement division, at 16%.
When asked what should be the SEC’s top priority, 43% cited a need for better training and knowledge of SEC examiners.
Broadening the fiduciary standard to apply to brokers as well as investment advisors was the choice of 24%. Thirteen percent said the SEC should have better funding.
Respondents gave poor grades to the current effectiveness of the regulatory system, saying it failed to protect the integrity of the markets and also failed to offer a level playing field for all advisors.
David Tittsworth, executive director of the Investment Advisor Association, thinks the new chief should be someone who has experience in the investment advisory industry, not just in the securities industry as a whole.
He says Schapiro has faced significant challenges and a good amount of criticism during her tenure. But many say she stabilized the agency during a time when people were talking about doing away with the SEC altogether.


This Website Is For Financial Professionals Only

User reviews

There are no user reviews for this listing.
Already have an account? or Create an account