August 20, 2010
Changing the rules at the level of registered representative appears to be only a face saving measure to cover up the gross neglience and irresponsibility of those above our level specifically SEC regulators overlooking the obvious(Stanford group),congress' total lack of honesty, complete willingness to shurk it's duties,and complete willingness to pass laws ultimately designed only to create wealth at the highiest levels and hurt the average investor. The literally 100's of millions of transaction at our level with extremely low percentages of error and even lower levels of fraud and corruption bare this out. The SEC needs to do it's job and let the compliance and suitability safe guards that are in place at our level continue to work as they have to this point.