August 24, 2010
I'm all for investor protection, especially in this environment. That being said the current amount of regulation borders on rediculous. I taks dozens of ascessments requires by my company. My compliance supervisor meets with every advisor twice each year and reviews every incoming and outcoming document in this office. We're talking thousands Our H/O compliance meets with every advisor yearly, and is constantly supervising what we do. State regulators drop in from time to time to look at operations and they complain that they can't keep up. The paper work we're required to submit for every transaction is crazy.
I'm not complaining or asking this to diminish, but adding more will make it impossible to operate, add to consumer cost, and be IMPOSSIBLE for you to inforce
I provide great value and service to my clients, please leave things alone