August 12, 2010
-The suitability standards governing Broker-Dealers and Registered Representatives is already a heavily enforced standard.
Compliance costs both in terms of finance and time are high. Adding another layer of regulation means more compliance and more costs to both the Rep and the client.
As a Registered Rep, I feel we are regulated enough The vast majority of Reps act in the "best interests" of our clients.
Please do not add another layer of regulation.