If the legislation that is currently moving through Congress passes, state regulators will take responsibility for the oversight of all investment advisers who manage less than $100 million dollars, a change from the current benchmark of $30 million dollars.
While the state regulators have been pushing hard to increase their power through this piece of legislation, there is one small problem - they don't have the funds to regulate all of these additional advisers.
State Advisor Regulation Strains Budgets
![](http://img.zemanta.com/pixy.gif?x-id=2f2f7e4a-1d50-8d95-850b-7f0cd58b2176)
While the state regulators have been pushing hard to increase their power through this piece of legislation, there is one small problem - they don't have the funds to regulate all of these additional advisers.
State Advisor Regulation Strains Budgets
![](http://img.zemanta.com/pixy.gif?x-id=2f2f7e4a-1d50-8d95-850b-7f0cd58b2176)
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