August 30, 2010
THE SUITABILITY STANDARD GOVERNING BROKER/DEALERS IS ALREADY EXTENSIVE. COMPANIES PAY OUT MANY DOLLARS TO ENFORCE COMPLIANCE TO THE ALREADY EXTENSIVE SUITABILITY. ADDING ANOTHER LEVEL WILL ONLY MAKE IT MORE EXPENSIVE TO COMPLY WITH ALL THESE REQUIREMENTS AND MAY NOT ADD ANY BENEFITS TO THE CLIENT. THE PERSON IT'S GOING TO HURT THE WORST IS THE CONSUMER. PLEASE DO NOT ADD ANY FURTHER LEVELS OF REGULATION.