August 30, 2010
I currently hold several licence, 6 63 and have to take a test every 2 years along with quarterly compliance and FINRA quiz yearly. My office has a surprise visit from the compliance department sevearl times per year and my material must be up to date at all times. There is many hours of time spent just on this. I feel we are regulated enough and the fiduciary standard will not help our industry at all. All this is going to do is increase the cost to the public.