August 24, 2010
I strongly oppose this proposed regulation. The suitability governing broker-dealers and registered representatives is a robust and heavily enforced standard. Adding another layer of compliance will only increase cost to our clients and may force competent advisors out of the business. I hold numerous licenses, such as 6,7,63 and 24. Each year I am examined, complete various CE requirements and follow the regulations which are welcomed and necessary. The additional proposed regulations will limit the types of peolple that we can assist in making important financial decisions for those that depend on them financially like spouses, children and their employees. Without me or someone like me providing sound financial advise and assisting in making extremely difficult decisions peolple will not take the necessary steps to protect the ones that they care about the most....