A Break for Web-Based Financial Advisers? Washington Post (04/12/02) Vol. 18, No. 1 p.E5; Johnston, Nicholas
The Securities and Exchange Commission (SEC) has proposed new rules that would allow Web-based financial advisers to register only with the commission to fulfill regulatory requirements, rather than having to register with each state in which they do business. SEC officials say that the proposal was spurred by the increasing number of online financial advisory services, and they anticipate more demand for such services.