August 10, 2010
This is an already heavily regulated industry. The Company I work for conducts no less than 1-2 compliance audits per year. Ongoing maitenence of files and records from our own compliance team.If they were requiring anything else from me I would not have time to service my clients. With ongoing CE's and Ethics, Code of Conduct, Privacy, Etc. Manditory Training I barely have time to work now. I agree That people need to be protected, but does it need to go this way? I strongly suggest an alternative solution be sought out as this one is simply cost prohibited to Financial Representatives and Clients as the burden of cost will likely pass from one to the other.