July 30, 2010
I HAVE BEEN A REGISTERED REPRESENTATIVE AND LICENSED INS AGENT FOR OVER 20 YEARS. THE CURRENT SUITABILITY STANDARDS TODAY HAVE DEVELOPED AND GREATLY IMPROVED SINCE I BEGAN MY CAREERS. THEY DO NOT NEED TO BE CHANGED. THE FEDERAL GOVERNMENT DOES NOT HAVE THE ABILITY TO TAKE ON YET ANOTHER MASSIVE NEW REGULATORY ROLE. FURTHER, THIS IS THE LAST PLACE IT IS NEEDED. I HAVE WATCHED THE CURRENT SYSTEM EVOLVE OVER 20 YEARS. IT HAS AND CONTINUES TO IMPROVE. OUR COMPLIANCE STANDARDS TODAY ARE PRACTICALLY BULLET PROOF. I COULD NOT DO SOMETHING WRONG EVEN IF I WANTED TO WITH MY BROKER'S SUPERVISORY PROCEDURES.