Plan to place B-D advisers under Finra scrapped

Hours before passing the most significant financial-reform package in nearly 80 years, the House Friday killed an amendment that would have given the Financial Industry Regulatory Authority Inc. the authority to regulate investment advisers at broker-dealers... The massive bill, which was passed by a vote of 223-202, would create a financial services oversight council to monitor the financial markets and potential threats to the nation's economic system... Investment News: Plan to place B-D advisers under Finra scrapped