By Waco Reporter Report |
Jul 22, 2023
In a significant achievement for American investors, retirement savers, and job creators, U.S. Congressman Pete Sessions (TX-17) and Chairwoman Ann Wagner (MO-2) celebrate the passage of H.R. 2622, the MiFID II Act, in the House by voice vote without objection. This legislation amends the Investment Advisers Act of 1940 to extend a Securities and Exchange Commission (SEC) no-action letter to exclude brokers and dealers who are compensated for investment research from the definition of "investment adviser."