Earlier this week, Investment news reported that support for a self-regulatory organization for registered investment advisers is apparently gaining momentum. The article highlights many trade groups that have thrown their support behind FINRA as a possible SRO for advisers though some state regulators object to an SRO. On Monday, Rick Ketchum, CEO of FINRA, testified before a House subcommittee (the Subcommittee on Capital Markets and Government Sponsored Enterprises Committee on Financial Services). The text of his testimony can be found online here. As you would expect, Ketchum was in favor a a SRO for RIAs, and for FINRA being an SRO in that arena. With what appears to be some bipartisan support for an adviser SRO, it's coming, I think. Just a matter of when.