August 10, 2010
To Whom It May Concern
I haved been in the securities industry for many years and am constantly frustrated when some large industry violates their clients and how that filters down to include those of us in the field who have continually tried to do the correct thing fo rour clients. It seems we end paying for someone else's sins in a greater extent than the perpetrators themselves.
We are examined annually by our Compliance auditors as well as all our applications we submit are reviewed by our Home Office staff for correct compliance and more importantly for our clients.
All the additional effort you folks import upon us in the field will not guarantee the clients we represent. As I am sure you know you cannot inforce ETHICS in the field and no change in what you enforce those in the field to have a conscience or do the correct thing for our clients.