August 25, 2010
I absolutely understand the importance of compliance. I spend many hours and dollars maintaining each of my licenses (Series 7, 6, 65, 63 plus my Group 1). With the time and money I spend doing compliance, it cost me time that I can be spending with my clients. Adding another layer of regulation, seems to be a safe guard for clients, but actually adds cost in time and money to the client.
I believe that the amount of compliance we do is adequate. I do my absolute best to help and be an advocate to my clients. I feel a moral obligation to do what is best for them. Over regulating will be a detriment instead of a service to the people.