Association says the current structure of the self-regulatory model is widely viewed to be outdated and in need of reform
Unemployment expected to remain at elevated levels
Over 500 people at 50 corporate and government organizations took part
U.S. industry is generally willing to bear costs in order to benefit retail clients, lobby group says
Piwowar and Stein would replace Paredes and Walter
U.S. securities industry trade group says there should also be uniform supervision of brokers and advisors
Industry association calls on regulators, compliance personnel and senior management to work together
Investors should know up front about any potential conflicts of interest
Bentsen appointed acting president and CEO U.S. industry association
Costs from a new self-regulatory organization for investment advisors could force many small firms to close