BANKING & FINANCE - June 11, 1992
From Times Staff and Wire Reports
Breeden Urges Controls on Financial Advisers: Rather than make it easier for investors to sue financial planners, the government should watch advisers more closely before clients get cheated, the head of the Securities and Exchange Commission told Congress. SEC Chairman Richard Breeden said more fraud suits against financial planners would be “misguided and counterproductive.” Breeden testified before a House panel considering legislation to keep better tabs on firms and individuals that dispense financial advice for pay.
