July 30, 2010
I would like to express my disapproval of the pending further regulation in the aforementioned bill regarding broker dealers being associated and regulated as investment advisors. This is not needed as registered representatives already are under guidelines both of FINRA and their respective state and broker dealer to conduct business for the best interest of the customer. To further muddy the waters with unneeded regulation will surely drive some of us from further participating in this kind of work. Training, audits, and re-occuring CE requirements and the like are very thourough.
Thank you for your attention to this.
Steve Swann