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INDIANAPOLIS-While the purpose of the financial reform bill was to inform and protect consumers, the locally-based Real Estate Investment Securities Association believes there may be significant delays and questions about how these changes will affect real estate investors. During a recent webinar, members said that certain new rules could take a year or more to implement, and states just don’t have the manpower to take on oversight.

The association members discussed various changes required for investment advisors and broker-dealers due to the approval of the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21. While investment advisors deal solely with securities, there are broker dealers that do as well, including real estate securities.

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