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Published 11 days ago • loading... • Updated 11 days ago
Arkansas duo goes to bat for small investment brokers
The bill would exempt firms with fewer than 150 employees and no client assets from PCAOB audit rules, which supporters say cost one Little Rock firm about $40,000 a year.
House Financial Services Chairman French Hill, R-Ark., often calls for easing regulatory burdens on community banks. Now he and a home-state Senate colleague are turning their attention to small investment brokers handling clients’ trades and dealers trading on their own behalf. Hill and Sen. Tom Cotton, R-Ark., have drafted legislation that would relieve small, privately […]