August 17, 2010
Current suitability issues through the brocker/dealer as well as other companies are most stringent presently.The instigation of the compliance of "fiduciary standards"will force so many Registered Reps from the business that is already short of those giving advice to the public. The increase of lawsuits will put additional costs on consumers as well as the Reps and companies. It is difficult enough doing fee-based planning as it presently.