In recent weeks and months, trade associations representing financial firms have been preparing for—and largely supporting—what some say will be the greatest overhaul of the nation’s financial regulatory system in roughly 80 years. “Associations over the last six months have recognized this will be the biggest regulatory reform debate since the Great Depression,” said Duane Thompson, managing director in the Washington, D.C. office of the 28,000-member Financial Planning Association. “Everyone is gearing up.” Though specifics on how the Obama administration plans to revamp the regulatory system have not yet been released, reports swirling around Washington in the last few… Read More