August 24, 2010
I believe that the existing suitability standard governing broker-dealers and registered representatives is certainly adequate to protect clients if properly enforced.The cost of extra compliance would make it difficult if not impossible for representatives to continue to offer individual services to clients. I have been in the financial sercices business for over 30 years and I believe that the licenses and designations I hold require a high degree of professionalism and I believe my clients are being adequately protected by current regulations.