August 24, 2010
I'm writing to encourage you not to impose additional reporting and compliance standards on financial representatives.
I already spend several hours each year in compliance training and reviews, to say nothing of the ongoing reporting and record-keeping required by my broker-dealer, FINRA and other agencies.
I am very closely watched by our compliance office in everything I do. I readily acept this because it helps to weed out those who might be less than ethical in their dealings with customers. But we do not need any additional oversight.