Why keeping FINRA from ruling RIAs is critical to these firms, the investor -- and even the U.S. economy

http://www.riabiz.com/a/22918833/why-keeping-finra-from-ruling-rias-is-critical-to-these-firms-the-investor----and-even-the-us-economy#.Ucg3lQosoC8.twitter

That big gorilla called FINRA — facing a continued decline in its membership (consisting of all broker-dealer firms conducting business with the public) — is hungry. Sitting nearby are registered investment advisor firms — appearing to FINRA as juicy, growing bananas and a perfect treat to be consumed, chewed up and digested.
Yet, we must ask – if you are a consumer, or if you are a registered investment advisor or an investment advisor representative, would FINRA’s desired takeover of RIAs be a good thing? Not on your life. Permit me to explain why.